The transaction, which was originally announced on November 30, was valued at 4.2 billion Dollars. The acquisition of Baldor advances ABB's strategy to become a leader in the North American industrial motors business and a global leader for movement and control in industrial applications.Baldor's leadership in high-efficiency industrial electric motors positions ABB to benefit from a projected 10-15 percent growth in this business in the US in 2011, as a result of new energy regulations that were implemented in December 2010. Similar regulations mandating higher electric motor efficiency are being implemented in numerous countries around the world beginning this year that also will benefit sales of Baldor products.In connection with the completion of the transaction, Baldor shares have ceased trading on the New York Stock Exchange.