EMCOR Scalise Services, a subsidiary of EMCOR (EME), Norwalk, Conn., will install all HVAC, plumbing and electrical systems for the Wheeling Hospital’s Tower 5 expansion, a 7-story, 144,000 square foot addition to its existing facility, considered the most ambitious project in the Hospital’s long history. The expansion will include new facilities, such as a new state-of-the-art emergency/trauma center, intensive care unit, cardiovascular intensive care unit, center for pediatrics, private patient rooms and physician offices. The new addition is scheduled to open in 2012. Details
Archive for November 30th, 2010
ABB to buy Baldor Electric
In an acquisition that’s sure to send shock waves through the motor market, ABB Ltd. (ABB), Zurich, Switzerland, announced plans to buy Baldor Electric, Fort Smith, Ark. According to a Baldor press release, this acquisition will enable ABB to penetrate the North American industrial
market by using Baldor’s strong North American market access and will allow Baldor to expand globally by using ABB’s distribution network abroad. ABB plans to acquire Baldor for $63.50 per share for an overall transaction value of $4.2 billion, including net debt of $1.1 billion. Details