News Articles

ABB: Profitable Growth ZURICH -Thursday, April 19th 2018

Total orders +6%1; up in all divisions Base orders +5%; up in all regions Revenues +1%; impacted by lower opening backlog Book-to-bill ratio2 at 1.13x Operational EBITA margin2 up 20bps to 12.3% Net income $572 million; up excluding the gain on the cables divestment in 2017 Cash...

ABB to Invest €100 Million in Global Innovation and Training Campus LINZ, Austria -Friday, April 6th 2018  

€100 million investment shapes ABB’s leadership position in machine and factory automation Investment in the development of the factory of the future to create 1,000 new jobs State-of-the-art innovation and training campus to be built in Eggelsberg, Austria, by 2020 ABB builds on...

ABB Shareholders Approve All Proposals at Annual General Meeting ZURICH -Thursday, March 29th 2018

(BUSINESS WIRE) -- The shareholders elected Jennifer Xin-Zhe Li, Geraldine Matchett and Gunnar Brock to join the Board and re-elected Peter Voser as member and Chairman of the Board. Jacob Wallenberg, Matti Alahuhta, David Constable, Frederico Fleury Curado, Lars Förberg, David Meline and...

ABB Records Steady Growth in the UAE Dubai, United Arab Emirates. -Thursday, March 15th 2018 [ar]  

ABB, the pioneering technology leader, has recorded steady and sustained growth in the United Arab Emirates in 2017. “ABB is seeing profitable growth and a huge opportunity in this market as we are partners to both the energy and industrial revolution that is taking place in the country...

ABB Publishes 2017 Annual Report ZURICH -Saturday, February 24th 2018 [ar]

(BUSINESS WIRE) -- ABB Ltd has published its 2017 annual report on its website and has filed the annual report on Form 20-F with the United States Securities and Exchange Commission. The 2017 annual report is now available electronically at www.abb.com/groupreports. It provides comprehensive...

ABB: Positioned for Profitable Growth ZURICH -Thursday, February 8th 2018

(BUSINESS WIRE) -- ABB (SWX:ABBN): This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180207006428/en/ FULL YEAR 2017 HIGHLIGHTS Base orders up 5%1, higher in all divisions and regions; total orders steady Revenues +1%...

ABB and City of Davos Pave the Way to Sustainable Mobility Through E-Vehicle Innovation DAVOS, Switzerland -Monday, January 22nd 2018  

(BUSINESS WIRE)-- For this year’s annual World Economic Forum (January 23–26, 2018), the city of Davos and ABB have teamed up in a long-term partnership to provide e-infrastructure for public and private transportation. Davos residents and WEF guests can experience the pioneering TOSA bus...

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...