ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in
power grids, electrification products, industrial automation and robotics and
motion, serving customers in utilities, industry and transport &
infrastructure globally. Continuing a history of innovation spanning more than
130 years, ABB today is writing the future of industrial digitalization with
two clear value propositions:
bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees.
bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees.
In 1990, ABB purchased Westinghouse's metering and control
division (the load control division was spun off to Cannon Technologies in the
late 1990s and the meter division was spun off to Elster Electricity in the
early 2000s). Also, in the early 1990s, ABB purchased Combustion Engineering
(C-E), headquartered in Stamford and Norwalk, Connecticut, a leading U.S. firm
in the development of conventional fossil fuel power and nuclear power supply
systems to break into the North American market. Klaus Agthe was CEO of the US
operation at the time. Continuing with its expansion plans, ABB purchased Elsag
Bailey,a process automation group, in 1997 which included Bailey Controls,
Hartmann & Braun, and Fischer & Porter. This was the largest
acquisition to date in ABB's history.
In December 2008, ABB acquired Ber-Mac Electrical and
Instrumentation to expand its presence in western Canada's oil and gas
industries.
In 2009, ABB realigned its automation divisions . As of
January 1, 2010, the business units in the Automation Products and Robotics
divisions were regrouped into two new divisions – Discrete Automation and
Motion, and Low Voltage Products. The Process Automation division remained
unchanged except for the addition of the instrumentation business from the
Automation Products division.
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