ABB to buy Lorentzen and Wettre

Source: PlantServices.com

By Plant Services Staff

Jul 08, 2011

ABB has agreed to acquire Lorentzen and Wettre from ASSA ABLOY AB for a price of about $119 million to strengthen its business in the pulp and paper area. Lorentzen and Wettre manufactures equipment for quality control, process optimization and test instrumentation for the pulp and paper industry. The company has approximately 190 employees, and will be incorporated into ABB’s Process Automation division. Lorentzen and Wettre’s offering includes automated fiber and pulp analysis devices, consistency transmitters, moisture sensors, laboratory paper testing instruments, automated paper testing systems, and industry-specific services.