ABB to acquire kuhlman electric corporation  
 
ABB收购kuhlman电气公司

acquisition will broaden and complement ABB’s power products offering

该收购将扩大和补充ABB的电力产品供应

zurich, switzerland, july 16, 2008 – ABB, the global power and automation technology group, has signed an agreement to acquire u.s. transformer company kuhlman electric corporation for an undisclosed amount from global private equity firm the carlyle group to expand its power products portfolio in the americas. kuhlman electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.

瑞士苏黎世7月16日消息——全球领先的自动化和技术集团ABB签署了一份协议，以不公开的数额从环球私人股份公司carlyle集团手上收购了美国变压器公司kuhlman电气公司，扩大其在美洲的电力产品供应。kuhlman电气公司为工业和电力工业部门制造范围很广的高质量变压器。

kuhlman electric has demonstrated a track record of profitable growth with double-digit annual sales growth over the past five years. in 2007, the company had revenues of around $250 million. the business is well positioned to benefit from the investments required to modernize and expand the u.s. utility infrastructure and to increase industrial efficiency and reliability.

kuhlman电气公司在过去的5年里以双位数字的年度销售增长率证明了其良好的盈利记录增长。在2007年，公司收入大约2.5亿美元。公司业务主要受益于升级和扩大美国的电力基础设施以及提高工业效率和可靠性所需的投资。

kuhlman electric has a strong reputation for innovative products and solid, long-term customer relationships. the company is headquartered in versailles, kentucky and employs approximately 800 people.

kuhlman电气在创新的产品和长期稳定的客户关系上具有良好的声誉。公司总部设在肯塔基州的versailles，有员工约800人。

Michel demaré, ABB’s chief executive officer and chief financial officer stated: “this transaction is the first milestone of our acquisition strategy, which is focused on finding bolt-on acquisitions that selectively complement both our product range and geographical presence. the addition of kuhlman electric’s business into our power products portfolio will allow us to further capture opportunities for profitable growth. at the same time, our customers will benefit from our broader offering.”

ABB首席执行官兼首席财务官Michel demaré表示：“本次交易是我们并购战略的第一个里程碑，我们的并购战略侧重于寻找贴附型的收购，可以选择性地补充我们的产品范围以及区域性分布。kuhlman电气的业务加入我们的电力产品组合将使得我们可以进一步抓住利润增长的机会。同时，我们的客户将受益于我们更广范围的产品供应。”

ABB plans to integrate kuhlman electric's operations into its power products business in north america.

ABB计划将kuhlman电气的运营整合入其北美电力产品业务部。

bernhard jucker, head of ABB’s power products division, said: “kuhlman electric’s high-quality products and experience complement Abb’s offering in north america, and the company will benefit from Abb’s long-established global infrastructure and our network of professionals within the power industry.”

ABB电力产品部主管bernhard jucker说道：”kuhlman电气的高质量产品和经验补充了ABB在北美的产品供应，而kuhlman电气也将受益于ABB在电力行业长期建立起来的全球基础架构以及我们的专家网络。“

glenn a. youngkin, managing director of the carlyle group, said: “kuhlman electric has been an excellent long-term investment for carlyle. ABB is well positioned to further develop kuhlman electric’s activities and operations and take the company to the next level of excellence.”

carlyle 集团总经理glenn a. youngkin表示：“kuhlman电气是carlyle杰出的长期投资。ABB有条件进一步发展kuhlman电气的业务，带领公司更上一个新的台阶。”

the acquisition is subject to customary regulatory approvals. ABB expects the transaction to close in a few months.

该交易正在等待常规的必要批准。ABB预计收购可以在几个月之内完成。

ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. the abb group of companies operates in around 100 countries and employs about 112,000 people.

ABB是电力和自动化技术领域的全球领导厂商，致力于为工业和电力行业客户提供解决方案，以帮助客户提高生产效率，同时降低对环境的不良影响。ABB集团的业务遍布全球100多个国家，拥有大约112,000名雇员。