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For other uses, see, "ABB Group profits from Ulrich Spiesshofer's automation gamble", "BBC-Brown, Boveri and Asea Announce Merger", "Combustion To Merge With ABB (Published 1989)", "DaimlerChrysler buys ABB's share in Adtranz", "Press release: ABB to sell nuclear business to BNFL", "ALSTOM acquires ABB's share in ABB ALSTOM POWER", "ABB posts US$ 691 million loss for 2001 after substantial charges, cuts net debt in Q4 by US$ 2.2 billion on record cash flow", "ABB enters US market for electric vehicle infrastructure with ECOtality stake", "ABB acquires Epyon to expand offering in EV charging infrastructure", "ABB completes acquisition of Baldor Electric Company", "Thomas & Betts Corporation Reports Fourth Quarter 2011 Net Earnings", "Ulrich Spiesshofer takes over as ABB's new Chief Executive Officer", "ABB and Formula E partner to write the future of e-mobility", "ABB completes acquisition of GE Industrial Solutions", "ABB: Shaping a leader focused in digital industries", "ABB pays up to $470 m to ditch solar converter business", "FIMER SpA completes buy of ABB's solar inverter business", "FE takes on title sponsor, becomes ABB Formula E Championship", "ABB develops and demonstrates "flash charging" system for electric buses", "ABB Unveils Ultrafast, 15-Second "Flash Charging" Electric Bus", "New Charging Technology from ABB - Analyst Blog", "Geneva Unveils Electric Bus without Overhead Wires (see video of call)", https://en.wikipedia.org/w/index.php?title=ABB_Group&oldid=982817231, Manufacturing companies established in 1988, Companies formerly listed on the Frankfurt Stock Exchange, Companies formerly listed on the London Stock Exchange, Companies listed on the Bombay Stock Exchange, Companies listed on the New York Stock Exchange, Companies listed on the SIX Swiss Exchange, Companies listed on the Stockholm Stock Exchange, Companies related to the Wallenberg family, Multinational companies headquartered in Switzerland, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, All Wikipedia articles needing clarification, Wikipedia articles needing clarification from February 2014, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WorldCat identifiers, Creative Commons Attribution-ShareAlike License, Both companies in 1988, ASEA and Brown, Boveri & Cie with merger the new corporation ABB, This page was last edited on 10 October 2020, at 14:53.
In 2020, ABB's high voltage direct current systems segment in India has joined hands with Hitachi. ABB LTD : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Swiss Exchange: ABBN | Swiss Exchange In 1995, ABB agreed to merge its rail engineering unit with that of Daimler-Benz AG of Germany.
The business has strong exposure to a range of rapidly growing segments, including renewables, e-mobility, data centers and smart buildings. [9] Brown, Boveri & Cie (BBC) was formed in 1891 in Zurich, Switzerland by Charles Eugene Lancelot Brown and Walter Boveri[10] as a Swiss group of electrical engineering companies producing AC and DC motors, generators, steam turbines and transformers. Box 8131 CH-8050 Zurich Switzerland . Motion is the #1 player in the market globally. In the meantime, ABB Chairman Peter Voser was appointed interim CEO on 17 April 2019, succeeding Ulrich Spiesshofer, who stepped down after five-and-a-half years.
In 2000, ABB brought to market the world's first commercial, high-voltage, shore-to-ship electric power, at the Swedish port of Gothenburg. As a final step in the integration of the companies formerly known as ASEA and BBC, in 1999 the directors unanimously approved a plan to create a unified, single class of shares in the group. Separately, ABB agreed to sell its nuclear power business to British Nuclear Fuels of the United Kingdom.[20].
Established countries must … PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. [12], In 1989, ABB purchased an additional 40 companies, including Westinghouse Electric's transmission and distribution assets, and announced an agreement to purchase the Stamford, Connecticut-based Combustion Engineering (C-E).[13]. [46] Voser was elected Chairman of the Board of Directors in April 2015[47] and succeeded Hubertus von Grünberg, who had been Chairman since May 2007.
Company profile page for ABB Holdings Inc including stock price, company news, press releases, executives, board members, and contact information The division is subdivided into the four business units High Voltage Products, Transformers, Grid Automation and Grid Integration. In 2006, ABB put an end to its financial uncertainties by finalizing a $1.43 billion plan to settle asbestos liabilities against its US subsidiaries, Combustion Engineering and ABB Lummus Global, Inc.[25] In August 2007, ABB Lummus Global, ABB's downstream oil and gas business, was sold to CB&I. ABB's plan going forward was to support the oil and gas industry with its core automation and power technology businesses. The innovative, dual-arm assembly robot permits people and machines to work side by side, unlocking new potential for automation in a range of industries.
[42][43][44] Jean-Luc Favre, head of Rail ISI, discussed the promising role of improved electric transport technology in ABB.[45]. The Robotics & Discrete Automation business has been positioned to capture the opportunities associated with the “factory of the future” by providing services for flexible manufacturing and smart machinery. [32], On 6 July 2017, ABB announced it had completed its acquisition of Bernecker + Rainer Industrie-Elektronik (B&R), the largest independent provider of product and software-based, open-architecture for machine and factory automation. [35], On 17 December 2018, ABB announced it had agreed to sell 80.1% of its Power Grids business to Hitachi. Customers include a wide range of industry and utility operations, plus commercial and residential buildings.
The largest single stake in the firm is held by the Swedish investment company Investor AB, controlled by the Wallenberg family, which holds 11.5%.
In 2008, ABB agreed to acquire Kuhlman Electric Corporation, a US-based maker of transformers for the industrial and electric utility sectors.
By 1994, ABB had 30,000 employees and 100 plants, engineering, service and marketing centers across Asia - numbers that would continue to grow. A similar pattern played out in Asia, where economic reforms in China and the lifting of some Western sanctions, helped open the region to a new wave of outside investment and industrial growth.
[40], Prior to the 2016-17 Formula E season, it was announced that ABB would become the official title sponsor of Formula E.[41], In May 2013, ABB Sécheron SA joined with several groups in Geneva TOSA (Trolleybus Optimisation Système Alimentation, or in English, Trolleybus Power System Optimization) in a one-year demonstration of a trolleybus route using a novel charging system. In 1990, ABB launched Azipod, a family of electric propulsion systems that extends below the hulls of large ships, providing both thrust and steering functions. [31] Also in 2013, Fastned selected ABB to supply more than 200 Terra fast-charging stations along highways in the Netherlands. [27] On July 1, ABB announced the acquisition of Epyon B.V. of the Netherlands, an early leader in the European EV-charging infrastructure and maintenance markets.
ABB's Electrification business offers products and services from substation to socket. The transaction, which places a value of $11 billion on the business, is expected to close in the first half of 2020.
This year's Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.
3 ABB Group and ABB in Italy corporate profile May 2015 Corporate profile ABB Group and ABB in Italy ABB’s strengths ABB is a company engaged worldwide in technological and application challenges that will become more and more crucial for mankind welfare and planet safeguard. In 1998, ABB launched the FlexPicker, a robot using a three-armed delta design uniquely suited to the picking and packing industry.
The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier … It also offers maintenance services. ABB's 1991 introduction of the IRB 6000 robot, demonstrated its increased capacity in this field. [3], Media related to ABB Group at Wikimedia Commons, Swiss-Swedish robotics and electrical equipment company, "ABB" redirects here.
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[35], ABB's Motion business provides a range of electrical motors, generators, drives and services, as well as integrated digital powertrain solutions. Excepteur sin, You’re viewing 5 of 19 competitors.
Through the 1990s, ABB continued its strategy of targeted expansion in Eastern Europe, the Asia-Pacific region and the Americas. ABB is a global supplier of electrical equipment and automation products. Ulrich Spiesshofer was named ABB's CEO, succeeding Joe Hogan. A key part of Power Grids' offering turnkey systems and service for power transmission and distribution grids and for power plants; this includes electrical substations and substation automation systems flexible AC transmission systems (FACTS), high-voltage direct current (HVDC) systems, and network management systems. [11] The new corporation was to be based in Zurich, Switzerland and Västerås, Sweden, with each parent company holding 50 percent. A PIONEERING TECHNOLOGY LEADER 3 The world is facing increased demand for energy and industry, while the need to balance progress with environmental protection continues to grow. All rights reserved. [19], That same year, ABB and France-based Alstom, announced the merger of their power generation businesses in a 50-50 joint company, ABB Alstom Power.
The business also offers KNX systems that integrate and automate a building's electrical installations, ventilation systems, and security and data communication networks. Personalize which data points you want to see and create visualizations instantly. It is ranked 341st in the Fortune Global 500 list of 2018 and has been a global Fortune 500 company for 24 years. Get the full list », You’re viewing 5 of 15 board members.
ABB is a global supplier of electrical equipment and automation products. [36], In March 2020, ABB announced that it had agreed to sell its inverter business to Italian inverter manufacturer Fimer. In December 2018, ABB and Hitachi Ltd. announced that Hitachi would take over ABB's power grid business for about $6.4 billion. Ammar … The first modular robot, the IRB 6000, can be reconfigured to perform a variety of specific tasks.
Instead of building complete locomotives, ABB's transportation activities shifted increasingly toward traction motors and electric components. ABB traction and battery technologies to drive Stadler’s trains of tomorrow . Its offerings include electric vehicle infrastructure, solar inverters, modular substations, distribution automation; products to protect people, installations and electronic equipment from electrical overload such as enclosures, cable systems and low-voltage circuit breakers; measuring and sensing devices, control products, switches and wiring accessories.
A company devoted to design, building and execution, with a The following year, ABB bought the robotics business of Cincinnati Milacron in the US.
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