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| ABB to expand transformer components portfolio Swiss-Swedish power and automation technology group ABB has agreed to acquire Comem SpA, Italy, to expand its portfolio in the transformer components business. Comem is a manufacturer of high-quality transformer components, selling products under its own name and under the Elmek brand. Based close to Vicenza, Italy, Comem has plants and operating units in Italy, Turkey, Brazil and China, and generated revenues of more than $70 million in 2008. The acquisition will complement ABB's existing transformer business by adding components for European standards (IEC) which are currently not manufactured within ABB. The company is privately owned and employs about 400 people. write your comments about the article :: © 2009 Construction News :: home page |