The acquisition marks ABB’s largest-ever purchase, offering a 60% premium to Rotork’s three-month average share price.
ABB Ltd. will acquire Rotork, a provider of intelligent flow control solutions, for £5.03 per share ($6.81) in cash, valuing the deal at approximately $5.5 billion. The offer represents a 60% premium to Rotork’s three-month average share price.
Rotork’s shares surged 66.7% in London trading following the announcement. The company’s three-month average share price had previously reflected lower market valuations before the deal was disclosed.
The transaction is ABB’s largest acquisition to date, signaling a strategic expansion into mission-critical industrial solutions.