Group press release 2023-07-20 Q2 2023 results Comparable order growth from a high base and record-high Operational EBITA margin1 Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange 1For a reconciliation of non-GAAP measures, see “supplemental reconciliations and definitions” in the attached Q2 2023 Financial Information.2EPS growth rates are computed using unrounded amounts.3Constant currency (not adjusted for
Group press release 2023-07-03 ABB completes sale of Power Conversion division to AcBel ABB has completed the divestment of its Power Conversion division to AcBel Polytech Inc. with an enterprise value of $505 million. ABB expects to record a small non-operational book gain in Income from operations on the sale in the third quarter of 2023. With this transaction, ABB has completed all divisional portfolio divestments announced at the end of 2020. The Power Conversion division is
Group press release 2023-07-03 ABB and Microsoft collaborate to bring generative AI to industrial applications Expanding on their long-standing partnership, ABB will collaborate with Microsoft on the integration of Azure OpenAI Service into the ABB Ability™ Genix Industrial Analytics and AI suite. The companies will work together on the implementation of generative AI technology to help industrial customers unlock insights hidden in operational data. Improved data collection and remediation will enable
Press release 2023-06-29 ABB celebrates 85 years of the technology that revolutionized emissions monitoring ABB celebrates 85 years of the technology that revolutionized gas analysis and emissions monitoring in chemical plants and refineries, the pulp, paper and metal industries, power generation, cement, and others. When launched in 1938, URAS was known as the first “ultra red absorption recorder” (in German, Ultra Rot Absorptions Schreiber), a continuous gas analyzer capable of instantly measuring the
Press release 2023-06-27 Next generation service agreement levels for peak performance of electrical systems With efficiency, safety and sustainability in mind, ABB has upgraded Electrification service agreement to feature advanced services configured by the needs of industry segments and paired with digital solutions - to drive productivity savings, improve safety and compliance. The new Power Care agreement is tailored for individual service requirements to fit the needs and condition of electrical
Press release 2023-06-05 ABB E-mobility unveils HVC360, the next evolution in fleet charging solutions ABB E-mobility has today announced details of its new HVC360 fleet charging solution, putting the power to drive change in the hands of fleet managers everywhere. With the decarbonization of road transport taking center stage in many nations’ climate policies, recent years have seen huge strides made towards the provision of electric mobility solutions. But while the growing number of public
Group press release 2023-05-05 ABB Decoded podcast: Helping to solve the global water scarcity crisis The latest episode of ABB’s technology-focused podcast ABB Decoded addresses the global water scarcity crisis and how the technology available today can help solve it. On this year’s World Water Day 2023, the United Nations launched a water action agenda dubbed “Accelerating Change to solve the water and sanitation crisis,” stating that 2.2 billion people lack access to safely managed drinking
Press release 2023-05-02 ABB's #Buildthefuture Roadshow returns, empowering the transformation of cities and industries with innovative technology The ABB #Buildthefuture Roadshow returns for a second year with its hands-on, in-person events across Ontario and Quebec from April to June 2023. The 400 square foot showroom on wheels demos the breadth of ABB's offering. The showroom showcases how ABB’s innovative technology helps industries safely reduce their carbon footprint while limiting downtime and unplanned costs. The one ABB approach
Press release 2023-04-28 ABB wins best new product award at MCEE show in Montreal ABB was recognized with the Best New Product Award in the category of Commercial, Institutional and Industrial electrical products at MCEE Expo for the Star Teck® ST90 series 90-degree Teck cable fitting. The MCEE Expo is one of Canada’s largest mechanical, plumbing, hydronics, HVAC-R, electrical and lighting expos and was held April 19 and 20 in Montreal, Quebec at the Palais des congrès
Group press release 2023-04-25 ABB plans to delist ADRs from NYSE ABB is planning to delist its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE), and ultimately to seek to deregister its ADRs and the underlying shares under the US Securities Exchange Act of 1934 (the Exchange Act). In connection with the delisting of its ADRs from the NYSE, ABB intends to convert its current sponsored Level II ADR program into a sponsored Level I ADR