"Moreover, established companies are looking to consolidate their market position through strategic mergers and acquisitions, which will help complete their product range and gain local acceptance," noted Purushotham. "The recent ABB acquisition of Baldor Electric, the leading supplier of medium and high voltage motors in North America, is a clear indicator of this fact. Though the main objective was to acquire a share in the American market, ABB's product range widened through the acquisition, making it a force to reckon with in the Southeast Asian market."
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