Acquisition Leads to Expansion

URLhttps://news.thomasnet.com/featured/acquisition-le
SourceThomas
Date Published08/08/2018
Author NameJeff Reinke
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ABB Group
Parent companyABB Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):70
Year reshoring announced:2018
Country(ies) from which reshored:Switzerland
City reshored to:Athens
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectrical components
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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