The Swiss/Swedish engineering firm, ABB is preparing the largest acquisition in its history, launching a takeover bid for British engineering firm Rotork.
The Zurich-based group is offering 503 pence a share, valuing the UK company and its 3,500 staff at CHF 4.4 billion.
Rotork makes flow-management equipment and electric actuators, which ABB says complement its own portfolio - the deal still needs approval from Rotork shareholders.
It comes just one day after ABB announced the takeover of French firm Advantics, a supplier of energy-conversion technology.
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