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Evening Standard

Holly Williams

Rotork joins list of UK firms being snapped up with £4.1bn Swiss takeover

ABB United Kingdom Bath Zurich

Rotork has agreed to a £4.1 billion takeover by Swiss firm ABB (Alamy/PA) -

British engineering firm Rotork has agreed to a £4.1 billion takeover by Swiss firm ABB, adding to a long list of UK companies being snapped up by foreign rivals.

Zurich-based ABB said it would pay 506p a share for Rotork, which is headquartered in Bath and specialises in making flow control equipment for the oil and gas industry.

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