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ABB Completes Acquisition of Baldor Electric Company

Zurich, Switzerland, January 27, 2011 – ABB Ltd (NYSE: ABB), the leading power and automation technology group today announced that is has completed its acquisition of Baldor Electric Company (NYSE: BEZ), a North American leader in industrial motors. The transaction, which was originally announced on November 30, 2010, was valued at $4.2 billion, including $1.1 billion of net debt.