BUSINESS & FINANCE

ABB to Acquire B&R

BB announced the acquisition of B&R, the largest independent provider focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide. B&R employs more than 3,000 people and operates across 70 countries, generating sales of more than $600 million in the $20 billion machine and factory automation market segment. The combination will result in an unmatched, comprehensive offering for customers of industrial automation.