News
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Press release
ABB aims to outgrow its markets from 2011-15, execute on cost and productivity
Zurich, Switzerland, November 4, 2011 - ABB, the leading power and automation technology group, expects to grow faster than its markets over the period 2011 to 2015 by focusing on sectors where its combined power and automation portfolio offers competitive advantages, increasing market penetration in both emerging and mature economies, and becoming more responsive to changing customer needs and
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Article
ABB helps keep fans refreshed for the Rugby World Cup
ABB was quick to the rescue when DB Breweries phoned for urgent assistance with fixing one of their ABB robots, which was packing special edition Rugby World Cup-themed Heineken cans for the tournament which was kicking off the next day.
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Article
ABB wins “Best Safety & Health Performance (Team)” at Transpower STAR awards
A high level of safety performance and culture of openness were key to success for ABB's Power Systems - substation service team based in Christchurch, who was awarded the Best Safety & Health Performance (Team) award at the inaugural Transpower STAR awards in Wellington on 10th August.
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Article
ABB supports future engineers
ABB was proud to be the principal sponsor for the recent IEEE Region 10 Student, Graduates of the Last Decade (GOLD) and Women in Engineering (WIE) Congress (R10SC) held in Auckland from 7 – 10 July 2011.
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Press release
ABB second-quarter net income rises 43% amid steady top line growth
Zurich, Switzerland, July 21, 2011 - ABB reported a 43-percent increase in second-quarter net income to $893 million amid strong industrial growth, higher earnings in the Power Systems division and the contribution from recent acquisitions, especially Baldor Electric.Revenues rose 17 percent and orders increased 18 percent from the second quarter of last year, with growth in both mature and
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Press release
ABB to acquire Baldor Electric Company to become a global leader in industrial motion
Zurich, Switzerland, and Fort Smith, Arkansas, USA, Nov. 30, 2010 - ABB (NYSE: ABB), the leading power and automation technology group, and Baldor Electric Company (NYSE: BEZ), a North American leader in industrial motors, have agreed that ABB will acquire Baldor in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt.Under the terms of the definitive
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Press release
Q3 order growth accelerates, revenues recover
Zurich, Switzerland, Oct. 28, 2010 - ABB's order growth accelerated and revenues rose in the third quarter on a combination of continued growth in demand from industrial customers and an increase in large power orders.Orders rose 18 percent and revenues 2 percent in local currencies, including an 11-percent increase in service revenues. Earnings before interest and taxes (EBIT) amounted to $1.2
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