News Articles

ABB augments Asset Performance Management solution with prognostic capabilities Muscat, Sultanate of Oman -Thursday 31 October 2019  

ABB’s industry-leading Ellipse® Asset Performance Management (APM) solution (part of the company’s Digital Enterprise portfolio) has been enriched with strengthened prognostic capabilities. The new functionality enables customers to more accurately forecast when their critical assets are...

ABB to Strengthen E-Mobility Portfolio With Acquisition of Chinese EV Charging Provider Chargedot -Monday 28 October 2019

(BUSINESS WIRE) -- ABB is to acquire a majority stake of 67 percent in Shanghai Chargedot New Energy Technology Co., Ltd. (“Chargedot”), a leading Chinese e-mobility solution provider. The transaction is expected to be completed in the coming months and ABB has the possibility to increase...

ABB: Q3 2019 results -Wednesday 23 October 2019

(BUSINESS WIRE)-- Holding course in tougher markets – Total orders -1%1, order backlog +3% – Steady revenues and book-to-bill2 – Operational EBITA margin2 11.7%, +20 basis points; impacted 70 basis points by stranded costs – Income from continuing operations, net of tax $422...

ABB Demonstrates Concept of Mobile Laboratory Robot for Hospital of the Future -Wednesday 9 October 2019  

(BUSINESS WIRE)-- ABB today opened its first global healthcare research hub on the Texas Medical Center (TMC) campus, in Houston, Texas – showcasing a number of concept technologies, including a mobile YuMi® robot, which will be designed to assist medical and laboratory staff with laboratory...

ABB Names Björn Rosengren as CEO -Monday 12 August 2019

(BUSINESS WIRE)-- The Board of ABB has unanimously appointed Björn Rosengren, as Chief Executive Officer. He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter Voser will revert to his position at ABB solely as Chairman of the...

ABB: Q2 2019 results. -Thursday 25 July 2019

(BUSINESS WIRE)-- Continued growth despite market headwinds; transformation progressing Total orders +1%1, order backlog +7% Revenues +2%, book-to-bill2 1.03x Operational EBITA margin2 11.5%, impacted 60 basis points by GEIS dilution and additional 90 basis points by stranded...

ABB Robotics to Develop Solutions for the Hospital of the Future -Wednesday 10 July 2019  

(BUSINESS WIRE)-- ABB announced that it will introduce collaborative robots to medical laboratories as it opens a new healthcare hub at the Texas Medical Center (TMC) innovation campus in Houston, Texas. The facility will be ABB’s first dedicated healthcare research center when it opens in...

ABB to Exit Solar Inverter Business. -Tuesday 9 July 2019

(BUSINESS WIRE)-- ABB and the Italian company FIMER S.p.A announced today that they have signed an agreement for FIMER to acquire ABB’s solar inverter business. The transaction will enhance the future prospects of the solar inverter business and will enable ABB to focus its business portfolio...

Announcing the ABB FIA Formula E Seoul E-Prix in 2020 -Tuesday 2 July 2019  

(BUSINESS WIRE) -- ABB’s YuMi, the world’s first truly collaborative dual arm robot, waving the checkered flags to unveil the Gen2 car at a media conference in Seoul, which will host its first ABB FIA Formula E Championship Seoul E-Prix in 2020. About 10 million people live in the capital in...

ABB Wins Large Power Transmission Order from China’s State Grid -Thursday 6 June 2019  

(BUSINESS WIRE)-- ABB has won a large order to supply converter transformers and high-voltage equipment for an 800 kilovolt (kV), ultrahigh-voltage direct current (UHVDC) transmission link, owned by the State Grid Corporation of China (SGCC), in China’s Shaanxi and Hubei provinces, in the...

ABB Azipod® Electric Propulsion Can Save $1.7 Million in Fuel Costs Annually, Study Shows -Wednesday 5 June 2019  

(BUSINESS WIRE)-- An independent study by marine consultancy Deltamarin revealed that the ABB Azipod® electric propulsion system for ferries could save up to $1.7 million in annual fuel costs per vessel, strengthening Azipod® propulsion’s market-leading position in sustainable marine...

ABB Wins Major Order to Transmit Wind Power from North Sea -Friday 10 May 2019  

(BUSINESS WIRE)-- ABB’s Power Grids business has been awarded a triple digit million-euro order from the Aibel/Keppel FELS consortium, which will design, construct, and build the High Voltage Direct Current (HVDC) transmission system for the offshore wind connection project DolWin5. ABB is the...

ABB Powers Tourists to the Niagara Falls with First US Built All-Electric Vessels -Saturday 4 May 2019  

(BUSINESS WIRE)-- Niagara Falls tour operator Maid of the Mist orders two new passenger vessels sailing on pure electric power, enabled by ABB’s technology Visitors to the iconic Niagara Falls will soon be able to experience one of the US’s top landmarks emission-free. Two new Maid of the...

ABB Shareholders Approve All Proposals at Annual General Meeting. -Friday 3 May 2019

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

ABB to Provide Paint Solutions to SAIC Volkswagen’s First Electric Vehicle Factory in China -Wednesday 1 May 2019  

(BUSINESS WIRE) -- ABB signed a formal agreement with SAIC Volkswagen to provide robotics painting solutions for the first New Energy Vehicle (NEV) factory of the Volkswagen Group based on the Modular Electric Driver Kit (MEB), an automotive platform specifically designed for the mass production...

ABB: Resilient Growth -Wednesday 17 April 2019

(BUSINESS WIRE)-- FIRST QUARTER HIGHLIGHTS Total orders +3%1, order backlog +6% Base orders +6%, higher in all divisions and regions Revenues +4%, book-to-bill2 1.11x Operational EBITA margin2 11.2%, impacted 100 basis points by GEIS dilution and a further 100 basis points by...

ABB Names Peter Voser as Interim CEO; Ulrich Spiesshofer Steps Down -Wednesday 17 April 2019

(BUSINESS WIRE)-- The Board of Directors of ABB and its CEO Ulrich Spiesshofer (55) have mutually agreed for him to step down from his role, which he has held since 2013. The Chairman of the Board, Peter Voser (61), will become interim CEO in addition to his current role with immediate effect....

ABB Shows the Factory of the Future to German Chancellor and PM of Sweden -Monday 1 April 2019  

(BUSINESS WIRE)-- ABB CEO Ulrich Spiesshofer explained how a production cell would work in the factory of the future, where robots will collaborate with humans. They were shown how iconic, two-armed YuMi® robots together with single-armed YuMi® put together wristwatches individually with...

ABB and Ericsson Join Forces to Accelerate Wireless Automation for Flexible Factories -Monday 1 April 2019  

(BUSINESS WIRE)-- ABB and Ericsson today strengthened their long-standing relationship with the signing of a Memorandum of Understanding (MoU) at Hannover Messe 2019. The collaboration enhances their joint vision for the future of flexible production with advanced automation and wireless...

Notice of ABB’s Annual General Meeting on May 2, 2019 -Monday 1 April 2019

(BUSINESS WIRE)-- ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, May 2, 2019. The invitation can be found on ABB’s investor relations website at www.abb.com/agm. ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader with a...