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    ABB To Sell Switch Business To Pacific Air Switch Corporation

    Raleigh, N.C., August 18, 2000 -- ABB Power T&D Company Inc. announced today that it intends to sell its U.S. air disconnect switch business to Pacific Air Switch Corporation (PASCOR). Terms were not disclosed.

    The switches are manufactured at the ABB facility in Bland, Va. Rodney M. Crockett, general manager of PASCOR, said that PASCOR plans to continue to utilize the production facility and employees at Bland to serve existing ABB customers. Other ABB operations in Bland are not part of the deal.

    “This acquisition will allow us to combine complementary product lines while establishing regional manufacturing presence within the geographically dispersed electrical utility marketplace.” Crockett said.

    The transaction is expected to be completed in October 2000. (END)

    ***
    Pacific Air Switch Co. (PASCOR), founded in 1988 and located in Forest Grove, OR, produces Air Break Switches from 15 through 345kV in both aluminum and copper designs. In addition, Pacific Air Switch Co. (PASCOR) offers a full line of switch accessories including motor operators and EHV surge surpressing resistors.

    With headquarters in Raleigh, N.C., ABB Power T&D Company Inc. is a leading supplier of power transmission and distribution equipment, systems and solutions to utilities as well as to industrial and commercial consumers.

    ABB, with U.S. headquarters in Norwalk, Conn., serves customers in automation; power transmission and distribution; oil, gas, and petrochemicals; building technologies; and financial services. U.S. operations employ over 16,000 people at manufacturing and other facilities in 40 states.

    Worldwide, ABB Group reported revenues of $25 billion in 1999. With novel IT applications, tailored software solutions, growing eBusiness, and a fast-expanding knowledge and service base, ABB is building links to the new economy. The ABB Group employs about 165,000 people in more than 100 countries.

    Last edited 2004-07-12
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