News
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Group press release
ABB files to voluntarily deregister and suspend SEC reporting obligations
On May 23, 2023, ABB delisted its American Depositary Receipts (ADRs) from the New York Stock Exchange. In the period between June 1, 2023, and May 31, 2024, the 12-month US Average Daily Trading Volume (ADTV) in ABB’s ADRs has fallen to below 5 percent of the ADTV worldwide. ABB now meets the requirements to apply to deregister and terminate the reporting obligations for its debt and equity
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Group press release
ABB's integrated technology will stabilize the power grid as Spanish islands transition to green energy
Red Eléctrica, the Redeia company responsible for the transmission and operation of the Spanish electricity system (TSO), has awarded ABB four orders for synchronous condensers (also known as synchronous compensators or SC) to strengthen the electricity grid, increase the quality of supply and boost the energy transition of the Canary and Balearic Islands. The integrated solution, which also
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Group press release
ABB launches next-generation Robotics control platform OmniCore
Today, ABB Robotics launched OmniCore™, an intelligent automation platform that is faster, more precise and more sustainable, to empower, enhance and futureproof businesses. The OmniCore platform, the result of more than $170 million of investment in next generation robotics, is a step change to a modular and futureproof control architecture that will enable the full integration of AI, sensor,
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Group press release
ABB appoints new Business Area Presidents
ABB today announced the appointment of Giampiero Frisio as the new President of its Electrification Business Area and Brandon Spencer as the new President of its Motion Business Area. Both will take over their new roles and join ABB’s Executive Committee on August 1, 2024. ABB CEO Björn Rosengren said: “Both Giampiero and Brandon are proven leaders with strong track records in their current roles
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Group press release
ABB expands electrification portfolio with acquisition of Siemens’ Wiring Accessories business in China
• Advances ABB’s leadership position in the wiring accessories market • Gains access to an expansive distributor network to support growth ABB announced today it has signed an agreement to acquire Siemens' Wiring Accessories business in China. The acquisition will broaden ABB’s market reach and complement its regional customer offering within smart buildings. The offering ABB is
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Group press release
ABB invests in Ndustrial to accelerate decarbonization through AI-powered energy management technologies
ABB today announced a minority investment in Ndustrial, a US-based clean technology startup that has developed a leading-edge, AI-powered energy management platform. This innovative technology enables smarter, production-aware energy decisions in real time, helping customers reduce operating costs, optimize energy consumption and accelerate decarbonization. The investment was made through ABB
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US Press Release
ABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North America
Electrification and automation leader ABB and Niedax Group, a leading global supplier of cable management systems, have entered into an agreement to form a new 50/50 joint venture. The transaction is subject to customary closing conditions. Expected to close and commence operations in Q4 2024, the collaboration will integrate the North American cable tray businesses of ABB’s Installation Products
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Press release
ABB expands modular large robot portfolio
ABB Robotics is continuing the expansion of its modular large robot portfolio with the introduction of the new IRB 7710 and IRB 7720. The new robots, combined with recently launched IRB 5710-IRB 5720 and IRB 6710-IRB 6740, offer a combined total of 46 different variants capable of handling payloads between 70kg-620kg, to give customers a new level of flexibility, greater choice and performance in
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Group press release
ABB opens new €20 million energy-efficient factory in Belgium
ABB has opened a new €20 million injection molding manufacturing site at Evergem, near Ghent in Belgium, to meet the growing demand for safe, smart and sustainable electrification solutions in Europe. The modern plant has been developed to meet the latest energy-efficiency demands through the installation of new injection molding machines, digital technologies, and automation solutions. It
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