News Articles

ABB Nominates New Board Members ZURICH -Thursday, January 11th 2018

(BUSINESS WIRE) -- At the coming annual general meeting (AGM) on March 29, 2018, all ABB Board of Directors members will stand for reelection, with the exceptions of Ying Yeh and Louis R. Hughes, who have decided not to seek another term. Additionally, following a careful selection process, the...

ABB and Formula E Partner to Write the Future of E-Mobility ZURICH -Tuesday, January 9th 2018  

(BUSINESS WIRE) -- ABB and Formula E are teaming up in a ground-breaking partnership to champion e-mobility for a sustainable future. Since its first race in Beijing in September 2014, Formula E has established itself as the number one all-electric international motor sport. In the next level of...

Peak Performance: ABB Technology Powers New Cable Car Zugspitze ZURICH -Friday, December 22nd 2017  

(BUSINESS WIRE)-- Long queues waiting to ascend Germany’s tallest mountain may now be history. And that is not the only thing historical about the new ABB-powered cable car system that opened today and can take as many as 580 passengers an hour to the Zugspitze, the Bavarian Alps peak that is...

ABB Completes EPC Business Model Change ZURICH -Wednesday, December 20th 2017

Power Grids: joint venture agreement for electrical substations infrastructure project business with SNC-Lavalin signed, closing expected 2018 Industrial Automation: oil & gas EPC activities to be moved into joint venture together with Arkad; closing of transaction now expected by December...

ABB Unveils Newest Member of the YuMi Family ZURICH -Wednesday, November 29th 2017  

(BUSINESS WIRE)-- ABB is previewing its newest collaborative robot, now with a single arm, at the International Robotics Exhibition (iREX) 2017 in Tokyo. As their name suggests, collaborative robots are designed to work alongside humans on the factory floor to raise productivity and support the...

ABB and HPE Bring Intelligence to Industrial Plants ZURICH -Tuesday, November 28th 2017

(BUSINESS WIRE)-- ABB and Hewlett Packard Enterprise (HPE) today announced a strategic global partnership that combines ABB’s industry-leading digital offerings, ABB AbilityTM, with HPE’s innovative hybrid information technology (IT) solutions. The partnership will provide customers with...

ABB and Kawasaki Announce Collaborative Robot Automation Cooperation ZURICH -Monday, November 27th 2017

(BUSINESS WIRE)-- ABB and Kawasaki Heavy Industries, two global industrial automation and robot suppliers, announced today that the companies will join forces to share knowledge and promote the benefits of collaborative robots, in particular those with dual arm designs. The global cooperation...

ABB Appoints Jessica Mitchell as Head of Investor Relations ZURICH -Friday, November 10th 2017

(BUSINESS WIRE)--ABB announced today that Jessica Mitchell has been appointed Head of Investor Relations effective November 15, 2017, reporting to the company’s Chief Financial Officer, Timo J. Ihamuotila. She succeeds Alanna Abrahamson, who has been appointed CFO of ABB’s Industrial...

ABB: Continuing Growth ZURICH -Thursday, October 26th 2017

(BUSINESS WIRE) --THIRD QUARTER HIGHLIGHTS Total orders up 5%1; base orders up 6%; higher in all regions Services and software orders up 11%; ABB AbilityTM driving momentum Revenues up 3% Operational EBITA margin2 up to 12.9% Net income $571 million; operational EPS +7%3...

ABB And Northvolt Partner for Europe’s Largest Battery Factory ZURICH -Tuesday, September 26th 2017

(BUSINESS WIRE)-- ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and...

ABB to Acquire GE Industrial Solutions ZURICH -Monday, September 25th 2017

Acquisition will strengthen ABB’s #2 global position in electrification Non-core GE business with significant value creation potential within ABB Expands ABB’s access to the North American market through deep customer relationships, large installed base and extensive distribution...

ABB's YuMi Robot Takes Center Stage in Pisa, Conducts Andrea Bocelli and Lucca Symphony Orchestra ZURICH -Thursday, September 14th 2017 [ar]  

(BUSINESS WIRE) -- YuMi, the world's first truly collaborative dual-arm robot, made its debut at the opera on Tuesday (Sept. 12) by conducting Italian tenor Andrea Bocelli and the Lucca Philharmonic Orchestra at the Teatro Verdi in Pisa. YuMi, which is manufactured by Swiss technology pioneer...

ABB: Building Growth Momentum  ZURICH -Thursday, July 20th 2017

(BUSINESS WIRE)-- SECOND QUARTER HIGHLIGHTS Total and base orders grew 3%1; higher orders in all regions Revenues up 1% Operational EBITA margin2 12.4%, dampened this quarter by commodity prices and some overcapacity Net income $525 million Cash flow from operating activities $467...

ABB Completes Acquisition of B&R ZURICH -Thursday, July 6th 2017

(BUSINESS WIRE)-- ABB today announced that it has completed its acquisition of B&R (Bernecker + Rainer Industrie-Elektronik GmbH), the largest independent provider focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide. The transaction,...

ABB Acquires KEYMILE’s Communication Networks Business to Strengthen Digital Grid Portfolio and Software Focus ZURICH -Monday, July 3rd 2017  

(BUSINESS WIRE)-- ABB today announced it has agreed to acquire the mission-critical communication business of the KEYMILE Group to strengthen its communication networks portfolio. The acquisition will bring with it key products, software and service solutions, as well as research and development...

ABB Strengthens Commitment to Canada  ZURICH -Wednesday, May 24th 2017  

(BUSINESS WIRE)-- ABB today officially inaugurated its new $90 million state-of-the-art Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal. Campus Montreal houses research and development,...

ABB to Propose KPMG as External Auditor from 2018 ZURICH -Monday, May 22nd 2017

(BUSINESS WIRE)-- ABB announced today that its Board intends to appoint KPMG as its external auditor effective for the financial year 2018. This decision was taken following a year-long comprehensive external auditor tender process initiated in 2016 in line with international good...

 ABB Prices EUR 750 Million Bond Issue  ZURICH -Tuesday, May 9th 2017

(BUSINESS WIRE)-- ABB announced that it has priced the EUR 750 million 7- year bond transaction it launched earlier today. The bonds carry a coupon of 0.75% and will be issued under the ABB Finance B.V. USD 8 billion Debt Issuance Program. The bonds will be guaranteed by ABB Ltd, the parent...

ABB and IBM Partner in Industrial Artificial Intelligence Solutions ZURICH -Tuesday, April 25th 2017

(BUSINESS WIRE) -- Replace first paragraph: ABB and IBM (NYSE:IBM) today announced a strategic collaboration that brings together ABB’s industry leading digital offering, ABB Ability, with IBM Watson Internet of Things cognitive capabilities to unlock new value for customers in utilities,...

ABB Continues Its Transformation ZURICH -Thursday, April 20th 2017

(BUSINESS WIRE) -- FIRST-QUARTER HIGHLIGHTS Revenues up 3 percent1 Base order growth of 2 percent Total orders reflects lower large contract awards; book to bill ratio2 1.07x Operational EBITA margin2 12.1%; solid operating leverage considering 60 bps positive insurance reserve...

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