ABB to buy Lorentzen & Wettre to strengthen pulp and paper business
5 July, 2011 ABB, the leading power and automation technology group, has agreed to acquire Lorentzen & Wettre from ASSA ABLOY AB (publ) for a price of about $119 million, to strengthen its business in the pulp and paper area. Based in the Kista district of Stockholm, Sweden, Lorentzen &......