ABB agrees to buy U.K. engineering consultancy

Builds ABB’s automation presence in chemicals, petrochemicals and pharmaceuticals markets

Zurich, Switzerland, January 30, 2001 – ABB has agreed to buy Eutech Engineering Solutions Ltd, the international engineering consultancy subsidiary of ICI Group of the U.K. Financial details were not disclosed.

Eutech supplies a range of consulting services in manufacturing operations and engineering, including project implementation and management, to more than 150 chemicals, petrochemicals and pharmaceuticals customers worldwide. The business, headquartered in Daresbury, U.K, employs some 550 people and reported revenues in 2000 of about US$ 80 million.

Jörgen Centerman, ABB’s President and CEO, said the acquisition “boosts our know-how and our market strength as a supplier of automation solutions to the chemicals, petrochemicals and pharmaceuticals industries. With Eutech’s expert knowledge of these industries, ABB will be much better able to deliver our range of Industrial IT products and systems that integrate all of a customer’s business processes – from supply and production planning through order processing and delivery – into a single real-time enterprise management system.”

ABB (www.abb.com) serves manufacturing, process and consumer industries, utilities, the oil and gas sector and infrastructure markets, with 160,000 employees in more than 100 countries.

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