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ABB in the Canadian media
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    Group press release

    Strong start to the year; optimizing value creation with portfolio management

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    ABB announced today that it will launch a process to propose to its Annual General Meeting 2026 to decide on a 100 percent spin-off of its Robotics division. The intention is for the business to start trading as a separately listed company during the second quarter of 2026. ABB Robotics is a technology leader and provides intelligent automation solutions to help its global customer base achieve

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    ABB shareholders have approved all proposals of the company’s Board of Directors at its Annual General Meeting 2025, which was held in Zurich, Switzerland, today. A total of 673 shareholders attended the meeting who, together with the independent proxy, represented 64.7 percent of the total share capital with a right to vote. The shareholders supported the proposed distribution of an increased

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    ABB has been awarded a contract by L3Harris Technologies (NYSE: LHX), a leading US defense company, to develop and build a high-resolution infrared interferometer system to power the next generation of L3Harris hyperspectral infrared (IR) sounder. The system onboard the Himawari-10 satellite built by Mitsubishi Electric in Japan, will map in 3D the earth’s atmosphere over the Asia-Pacific region

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    In 2024, ABB saw significant increase in the demand for its trusted MobileGuard™ natural gas leak detection solution compared to the previous year. As oil and gas companies and natural gas utilities in Europe and North America look for ways to comply with environmental regulations and make their infrastructure safer and more resilient, detecting and measuring natural gas leaks has become vital. In

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    ABB and Charbone Hydrogen Corporation – an integrated green hydrogen production company based in Montreal, Canada – have signed a Memorandum of Understanding (MoU) agreement to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities across North America over the next five years, providing a clean fuel source for existing hydrogen users and heavy

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    ABB has signed a Leveraged Procurement Agreement (LPA) to support as the automation partner for Dow’s Path2Zero project at Fort Saskatchewan in Alberta, Canada. According to Dow, the project, which is currently under construction, will create the world’s first net-zero Scope 1 and 2 greenhouse gas emissions ethylene and derivatives complex1, producing the essential building blocks needed for many

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    Today, ABB has announced the launch of ReliaHome™ Smart Panel with Panel Guard technology, an innovative load management algorithm that ensures homes stay within their electrical capacity. Managed through a convenient mobile app, it makes all-electric homes more efficient and easier to achieve. Unveiled at the NAHB International Builders' Show® (IBS) in Las Vegas – the world’s largest residential

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    ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 27, 2025, at 10:00 a.m. The invitation can be found attached and at go.abb/agm. The Annual General Meeting 2025 will be held at Halle 550, Birchstrasse 150, 8050 Zurich, Switzerland, and will also be broadcast at go.abb/agm. Registration and admission cards Shareholders entered in the

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    Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange ABB today published its Annual Reporting Suite 2024, which includes its Financial Report, Corporate Governance Report, Compensation Report, Sustainability Statement and Integrated Report. The Integrated Report is the company’s primary report at Group level. It integrates the most important material information about the

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    On February 10, 2025, ABB will launch its previously announced new share buyback program of up to $1.5 billion. Based on the current ABB share price this represents a maximum of approximately 27.6 million shares. The maximum number of shares that may be repurchased under this new program on any given trading day is 663,417. This new program is consistent with ABB’s capital allocation principles

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    ABB has completed its share buyback program that was launched in April 2024. Through this buyback program, ABB repurchased a total of 16,715,684 shares – equivalent to 0.89 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.9 billion. The Board of Directors intends to use the capital band authorized at the ABB 2023 Annual General Meeting

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    Ending record-high 2024 with strong order growth and positive 2025 outlook

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    ABB announced today the acquisition of Lumin, a U.S.-based pioneer and leading provider of responsive energy management systems, to expand its home energy management capabilities in the North American residential sector. The acquisition follows a strategic minority investment by ABB into the company in 2023. Financial terms of the transaction were not disclosed. The acquisition brings Lumin's

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    ABB is investing in a strategic partnership with Edgecom Energy, the Toronto-based energy management startup. The company’s unique energy management platform uses artificial intelligence to help industrial and commercial users manage and reduce peaks in their power demand. It is the first in the market to use a generative AI copilot to optimize the user experience. The partnership involves a

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    ABB announced it has completed the acquisition of Aurora Motors. The transaction was originally announced on November 4, 2024, and financial terms were not disclosed. Aurora Motors is a $4 milllion U.S. vertical pump motors provider, with engineering and operations in Shanghai, China, and a corporate office and distribution center in Hayward, California. This acquisition is part of the ABB Motion

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    • The ACS8080 medium voltage air-cooled drive builds on 50 years of experience in drives systems and proven technology for reliability and efficiency • The simple and flexible design ensures seamless integration across a wide range of industrial and application specific needs • Reaches up to 10 times faster troubleshooting and failure detection for digital operations

Resources

Contacts

For all media inquiries, please send us an email to CA-media.relations@abb.com

Carley Tietolman

Communications Manager, Canada
+1 (514) 348 4452
carley.tietolman@ca.abb.com

Mylène Dumoulin

External Communications and Brand Governance, Canada
+1 (514) 237 6153
mylene.dumoulin@ca.abb.com