ABB acquires Raffin Electric Company Ltd |

ABB acquires Raffin Electric Company Ltd

Raffin Electric's Power Distribution Centers will help expand ABB's product line and presence in Western Canada

Calgary, Alberta, August 16, 2006 --- ABB, the leading power and automation technology company, announced it has acquired the assets of the manufacturing and industrial contracting units of Raffin Electric Company Ltd., in Canada. Based in Calgary, Raffin Electric is a leader in custom pre-manufactured Power Distribution Centers and other electrical distribution equipment used primarily in harsh outdoor environments.

"This acquisition will help strengthen ABB's leading position in supplying power and automation products, services and systems to the Oil and Gas industry," said Sandy Taylor, ABB Canada's President and global head of ABB's Oil and Gas business. "Adding Raffin Electric's capabilities fits perfectly with our long-term strategy," he added.

"Raffin's products, its reputation for delivering quality services, and the people behind those products and services, will complement ABB's focus on meeting customer needs for improved reliability and performance in electrical distribution networks," added Peter Didaskalos, Vice President and General Manager, High and Medium Voltage Apparatus, Power Products Division, North America. "The addition of Raffin's resources will further improve ABB's position in Western Canada by increasing its local presence and support in the region."

Raffin Electric ( ) employs about 65 people at its Calgary facility and generates over $20 MCAD in annual revenues. The acquisition will be integrated into ABB's Power Products for Medium Voltage business, and will continue to operate as a dedicated site in Calgary.

ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 107,000 people. In Canada, ABB employs about 1,800 employees in some 25 locations from coast to coast.
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