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ABB to acquire Rotork after shareholder approval
PUBLIC · ABBNYSep 10, 2026•about 3 hours ago
Acquiring Company
ABB
Acquired Company
Rotork PLC
Bathnonprofit organization management
Description
Rotork shareholders have approved the cash acquisition by ABB, paving the way for the deal's completion. The approval of the schemes of arrangement removed a significant hurdle, with court sanction and customary conditions remaining. The completion is anticipated in the first half of next year, allowing Rotork to operate independently until then.
Company Information
Company
ABB
Location
97 Улица Княз Борис I
About
The Association of Banks in Bulgaria (ABB) is a non-profit organization founded on April 9, 1992, in Plovdiv. It represents the interests of the Bulgarian banking sector and serves as a key forum for lobbying and coordination among banks in Bulgaria. ABB currently includes 24 member banks, covering 25 banks and branches, and employs over 25,000 people. The association has adapted to the evolving banking landscape in Bulgaria, focusing on supporting both member banks and the broader economy.
ABB's functions include representing its members in discussions with government bodies, facilitating cooperation among banks, and overseeing payment systems. It is involved in European initiatives to integrate Bulgaria's financial market with the European market and actively supports the country's adoption of the euro. By promoting a stable banking environment, ABB indirectly benefits Bulgarian businesses and households, contributing to economic development and reform in the banking sector.
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Frequently asked
Who acquired Rotork PLC?
Rotork PLC was acquired by ABB. The deal was reported on September 10, 2026. The Association of Banks in Bulgaria (ABB) is a non-profit organization founded on April 9, 1992, in Plovdiv. ABB is publicly traded (ABBNY) and operates in nonprofit organization management.
When did ABB acquire Rotork PLC?
ABB's acquisition of Rotork PLC was reported on September 10, 2026. Rotork shareholders have approved the cash acquisition by ABB, paving the way for the deal's completion. The approval of the schemes of arrangement removed a significant hurdle, with court sanction and customary conditions remaining. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Rotork PLC do?
Rotork PLC is a leading flow-control and instrumentation specialist recognized for its precision actuators and valve controls. The company provides solutions for critical applications in energy, water, and industrial processing plants globally. It is privately held, and is based in Bath.
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Bathnonprofit organization management