16 Oct abb company profile
ABB and Metsä Fibre sign agreement to supply electrification and drive technology for new Finnish bioproduct mill. This information is available in the PitchBook Platform. The acquisition expanded ABB's presence in automated spot-welding and positioned the company to better serve the American automotive industry. Separately, ABB agreed to sell its nuclear power business to British Nuclear Fuels of the United Kingdom.[20]. ABB's plan going forward was to support the oil and gas industry with its core automation and power technology businesses. Founded in the late 19th century, the company was created out of the merger of two old industrial companies--ASEA and BBC--and is now called Asea Brown Boveri Group, or ABB. Ulrich Spiesshofer was named ABB's CEO, succeeding Joe Hogan.
The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier … [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. The claims were linked to asbestos products sold by Combustion Engineering prior to its acquisition by ABB. ABB traction and battery technologies to drive Stadler’s trains of tomorrow . 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. COMPANY PROFILE ABB in Australia A pioneering technology leader . ABB Ltd. - Company Profile, Information, Business Description, History, Background Information on ABB Ltd. P.O. ABB, formerly ASEA Brown Boveri, is a Swiss-Swedish multinational corporation headquartered in Zurich, Switzerland and Västerås, Sweden, operating mainly in robotics, power, heavy electrical equipment, and automation technology areas. 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. All rights reserved. ABB is a global supplier of electrical equipment and automation products. On 30 January 2012, ABB acquired Thomas & Betts, a North American leader in low voltage products for industrial, construction and utility applications, in a $3.9 billion cash transaction. The acquisition of GE Industrial Solutions, which closed in June 2018, further strengthened ABB's #2 global position in electrification. [3], Media related to ABB Group at Wikimedia Commons, Swiss-Swedish robotics and electrical equipment company, "ABB" redirects here. This year's Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.
[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. [42][43][44] Jean-Luc Favre, head of Rail ISI, discussed the promising role of improved electric transport technology in ABB.[45].
[26], On 10 January 2011, ABB invested $10 million in ECOtality, a San Francisco-based developed of charging stations and power storage technologies, to enter North America's electric vehicle charging market. Get the full list », You’re viewing 5 of 15 board members.
In 2020, ABB's high voltage direct current systems segment in India has joined hands with Hitachi. Allmänna Svenska Elektriska Aktiebolaget (General Swedish Electrical Limited Company, ASEA) was founded in 1883 by Ludvig Fredholm[8] in Västerås, Sweden as manufacturer of electrical light and generators. [22] The loss was caused by ABB's decision to nearly double its provisions for settlement costs in asbestos-related litigation against Combustion Engineering in the US from $470 million to $940 million.
ABB LTD : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Swiss Exchange: ABBN | Swiss Exchange To explore ABB Group‘s full profile, request access. Get the full list », You’re viewing 5 of 84 investments and acquisitions. 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. [11] The new corporation was to be based in Zurich, Switzerland and Västerås, Sweden, with each parent company holding 50 percent. 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. Get the full list », Vice Chairman & Chairman of the Governance & Nomination Committee. We are present in around 100 … Excepteur sin, You’re viewing 5 of 19 competitors. Rosengren was then serving as chief executive officer of Swedish mining-equipment giant Sandvik AB. ABB has 144,000 employees across 660 locations and $27.98 B in annual revenue in FY 2019. In 1995, ABB agreed to merge its rail engineering unit with that of Daimler-Benz AG of Germany.
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