Swiss industrial giant ABB will confidently buy UK-based industrial automation firm Rotork.
The deal involves a £4.1 billion offer for Rotok shares as announced.
Total sum sums to $5.5 billion, ABB’s biggest deal so far.
The step follows ABB’s second-quarter financial results published.
Its earnings topped expectations prior to the purchase.
Announcements of the acquisition sent Rotok’s share price up after hours.
Analysts see the deal as a decisive push into the automation market.
Investors reacted positively, with Rotok shares rising after the announcement.
The combined entity aims to expand its global footprint.
Regulators are expected to scrutinize the merger under competition law.