ABB announces acquisition of electric actuator manufacturer Rotork.

On July 17, ABB Ltd announced that it has reached an agreement with Rotork plc on the terms of a recommended cash offer to acquire all of its issued and to be issued share capital. Rotork is a global provider of critical mission intelligent fluid control solutions and an independent electric actuator manufacturer. Under the terms of the offer, Rotork shareholders will receive a cash consideration of 503 pence per share, representing a premium of approximately 60% over its average price in the past three months. The transaction implies an enterprise value of approximately $5.5 billion. Additionally, Rotork shareholders will still be entitled to receive an interim dividend of up to 3 pence per share until June 30, 2026, without affecting the offer consideration.