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ABB Acquires Valve and Wellhead Manufacturer in Argentina, Switzerland, November 15, 1999 - ABB, the global technology group, said today it has agreed to acquire Danco Talleres Metalurgicos S.A. (DANCO), a leading oil and gas equipment manufacturer in Argentina. DANCO employs about 30 people and is based in Buenos Aires. The terms of the acquisition were not disclosed.

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