Industrial Giant Taps Into America's Energy Grid
The following video is part of our "Motley Fool Conversations" series, in which editor/analyst Isaac Pino and industrials editor/analyst Brendan Byrnes discuss topics across the investing world.
In today's edition, Isaac and Brendan discuss a recent bid by Swiss-based ABB to acquire Thomas and Betts, a leading maker of low voltage electrical products. ABB CEO Joe Hogan has pursued growth through acquisitions over the past few years, showing an interest in the American market. The announcement of the bid to acquire Tennessee-based Thomas and Betts fits in with the company's overall strategy to increase operating margins and grab market share in the U.S.
ABB will benefit from driving efficient energy uses in 2012, but other companies are poised to profit from energy spikes in the year ahead. Find out about an under-the-radar stock that will ride the energy wave for the next decade in our recent special free report, "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
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