ABB acquires Malton Equipment Company Inc.

RALEIGH, N.C., May 23, 2005 — ABB, a power and automation technology company, announced it has acquired the assets of Malton Equipment Company Inc. in the United States. Malton is a supplier of padmount switches that provide protection and control for underground electrical distribution networks.

“This acquisition is an excellent fit with both our overhead switching equipment and padmount transformer product lines. The addition of Malton’s products will help meet our customers’ needs for improved reliability and performance of the electricity distribution infrastructure,” said Enrique Santacana, head of ABB’s Power Technologies division in North America. “ABB will be able to deliver the benefits of our utility feeder automation capabilities in a coordinated manner-for both overhead and underground distribution systems-to improve service reliability and power quality at the lowest possible cost.”

Based in Fridley, Minnesota, Malton Equipment Company designs and manufactures padmount switches in ratings up to 27 kV in accordance with various utility specifications for installation in harsh outdoor environments. The company’s products already incorporate ABB’s leading line of load interrupter switches.

Malton employs around 30 people at its Fridley facility and generates over 8 MUSD in annual revenue. The acquisition will be integrated into ABB’s Medium Voltage Outdoor Products business located in Lake Mary, Florida, but will continue to operate as a dedicated manufacturing site in Fridley.

About ABB [ ]

ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 102,000 people. The company’s U.S. operations employ about 8,500 people in manufacturing and other facilities in 32 states.


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