Press release 2018-09-13 ABB and Nobel Media announce international partnership ABB and Nobel Media today announced an international partnership, bringing together two respected organizations committed to the development of innovation, education and scientific research, making ABB one of a select group of Nobel International Partners. Nobel Media, an entity within the Nobel Foundation, extends the reach of the Nobel Prize to millions of people around the world through
Press release 2018-09-08 Renowned Swedish choreographer’s new dance partner is one of the world’s largest industrial robots Renowned Swedish choreographer Fredrik "Benke" Rydman performed a delicate duet with the IRB 6620, a 900kg industrial robot from ABB in the premiere of a groundbreaking new work on Friday night (Sept. 7) in Stockholm. The performance is a powerful reflection of the changing role of technology, automation and artificial intelligence in society and the advanced, collaborative interactions now
Press release 2018-09-08 ABB CEO meets India’s Prime Minister Modi, discusses e-mobility, renewables and energy efficiency Spiesshofer’s talks with the Prime Minister focused on how ABB can support the government’s renewable energy targets, and accelerate public transportation’s transition to electric power. “By embracing e-mobility now, India can leapfrog other nations and become a world leader in e-mobility, while at the same time reducing emissions and dependence on fossil fuels. ABB is a technology leader for
Press release 2018-09-07 ABB appoints Zhiqiang Zhang as Managing Director of ABB in China ABB today announced that Zhiqiang Zhang has been appointed Managing Director of ABB in China. He succeeds Chunyuan Gu who has held this role in addition to his roles as Chairman of ABB China and President of the Asia, Middle East and Africa (AMEA) region. The appointment will be effective October 1, 2018. Dr. Gu, a member of the ABB Executive Committee, will remain Chairman of ABB China and
Press release 2018-08-31 SNC-Lavalin and ABB announce formation of Linxon, a new JV company SNC-Lavalin and ABB today announced the formation of Linxon, a new joint-venture (JV), for the execution of turnkey electrical AC substation projects. The transaction was announced in December 2017 and Linxon is expected to commence operations from September 1, 2018, with SNC-Lavalin having a majority and controlling interest in the JV. Linxon will undertake turnkey electrical alternating current
Press release 2018-08-22 Fortune Names ABB among Top 10 Companies in “Change the World” List ABB has been named #8 in Fortune magazine’s “Change the World” rankings for the company’s efforts to speed up adoption of clean-energy electric transportation. The list, Fortune said, honors companies that “have had a positive social impact through activities that are part of their core business strategy.” In naming ABB to the top 10 in its fourth annual ranking, Fortune placed the company among a
Press release 2018-07-19 Continued profitable growth - Press release English (pdf/120kB)- Press release German (pdf/123kB)- Financial information statements (xlsx/29kB)- Financial information (pdf/1.6MB)- Group results presentation (pdf/2.1MB) “In the second quarter, we drove order growth in all divisions and across all regions. Through our continued productivity efforts, we delivered margin improvement and double-digit operational EPS growth,” said
Press release 2018-07-13 ABB rings NYSE closing bell ABB’s completion of the acquisition of GE Industrial Solutions (GEIS) on June 30, 2018, strengthens the pioneering technology leader’s global #2 position in electrification and expands ABB’s access to the North American market. The $2.6 billion acquisition brings the total value of ABB’s investments in the United States to $14 billion since 2010, and complements the company’s leadership in
Press release 2018-07-11 ABB wins $150 million order to grid-connect world’s largest offshore wind farm ABB has won orders worth over $150 million from Danish energy company, Ørsted (previously Dong Energy), to supply a range of technologies that will help integrate and transmit renewable wind energy from Hornsea Project Two, slated to be the world’s largest offshore wind farm. The orders were booked in the second quarter of 2018 and are the first tranche of a global five year frame agreement for
Press release 2018-07-02 ABB completes acquisition of GE Industrial Solutions ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be
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