Bloomberg reports $17.3 billion in M&As by ABB, Schneider and GE since 2010

Although the electrical business remains mired in a sluggish recovery, some of its largest players are spending big bucks on acquisitions. Bloomberg reported today that "ABB Ltd. and Schneider Electric SA have announced a combined $10 billion in industrial and technology deals since the start of 2010. General Electric Co. has announced 21 such deals for a total $7.3 billion, Bloomberg data shows."