ABB

  • European Stocks Hold Steady as Earnings Offset Geopolitical Risks

    ByFegea

    European stock markets traded mostly flat as investors balanced strong corporate earnings against rising geopolitical tensions in the Middle East. The STOXX 600 index edged lower, with gains in selected technology and advertising stocks helping limit broader market losses. Chipmaker ASML advanced after reporting solid results, while Publicis gained on strong demand for AI-powered marketing…

  • ABB to Acquire Rotork in $5.6 Billion Industrial Deal

    ByFegea

    Swiss engineering group ABB has agreed to acquire UK-based industrial equipment manufacturer Rotork in an all-cash deal valued at $5.6 billion (£4.1 billion), strengthening its automation and electrification business. Under the agreement, ABB will pay £5.03 per share, representing a significant premium over Rotork’s previous closing price. The acquisition is expected to boost ABB’s revenue…