Slaughter and May is advising Rotork plc on the recommended cash acquisition by ABB Ltd

Slaughter and May is advising Rotork plc, the market-leading global provider of mission-critical intelligent flow control solutions, on the recommended cash acquisition by ABB Ltd, through its wholly-owned subsidiary ABB Automation Holding UK Limited, of the entire issued and to be issued share capital of Rotork, to be effected by means of a court-sanctioned scheme of arrangement.  

Under the terms of the acquisition, Rotork shareholders will be entitled to receive 506 pence for each Rotork share, comprising cash consideration of 503 pence and a permitted interim dividend of 3 pence. The acquisition values Rotork at approximately £4.136bn on a fully diluted basis and implies an enterprise value of approximately £4.084bn, representing a multiple of approximately 5.3x Rotork’s sales and 19.5x Rotork’s adjusted EBITDA for the financial year ended 31 December 2025. 

Completion is expected during the first half of 2027, subject to receipt of customary approvals.