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| ABB to acquire Raman Boards Ltd.
Acquisition to complement global insulation components capacity | |||
| 21 Dec 2006
, Bangalore
: ABB, the leading power and automation technology group, has agreed to acquire Raman Boards Ltd. (RBL) an Indian maker of press boards and insulation components, to strengthen its insulation products business. RBL is headquartered in Mysore, in the southern India state of Karnataka. The acquisition will complement ABB’s global insulation components capacity, which includes making insulation material for transformers, as well as electrical and mechanical components. “This acquisition will serve as an important source of insulation kit component supply for ABB transformers,” said Brice Koch, Head of Business Unit Transformers for the ABB Group. “The additional production capacity will help ABB to further strengthen the transformer business.” RBL’s products will be seamlessly integrated to ABB’s existing product offerings that include insulation kit components made in Halol, India and other parts of the world. RBL's operations will serve both domestic and export markets. This will help increase our ability and speed to deliver quality products in fast developing and high-growth markets like India and other Asian countries” said Ravi Uppal, Country Manager for ABB in India and head of the South Asia (SAS) region. “We are delighted to partner with a technology leader like ABB and look forward to working together," said Aroon Raman, managing director of Raman Boards. "ABB can bring us several benefits including scale advantage, market access, technology innovation, domain competence as well as global quality and productivity standards.” Raman Boards Ltd. is a closely held company established in 1979 in technical collaboration with Rogers Corporation of the United States. The company is a leading manufacturer of press boards and insulation components for the transformer industry. RBL employs around 300 people across 4 manufacturing facilities in India at Nanjangud (Mysore), Thandavapura (near Mysore), Sonepat (near Delhi) and Navi Mumbai (New Mumbai). ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 107,000 people. |
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