News Articles

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

(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  -Thursday 20 July 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 -Thursday 6 July 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 -Monday 3 July 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  -Wednesday 24 May 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 -Monday 22 May 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  -Tuesday 9 May 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 -Tuesday 25 April 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 -Thursday 20 April 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...

ABB Names Chun-Yuan Gu President, AMEA, and Frank Duggan President, Europe -Tuesday 11 April 2017

(BUSINESS WIRE)-- ABB today announced that Chun-Yuan Gu, Managing Director of ABB China, will become President of the AMEA region. He takes over from Frank Duggan, who has been appointed President of Europe, succeeding Bernhard Jucker, whose retirement was announced earlier. As members of the...

ABB Selected for a €270 Million Order for UK-France Power Link -Friday 7 April 2017  

(BUSINESS WIRE)-- ABB has won an order worth approx. €270 million from the UK grid operator National Grid and Réseau de Transport d'Electricité (RTE), the French network owner and operator, to provide key HVDC (high-voltage direct current) technology that will help interconnect the...

ABB to Acquire B&R -Tuesday 4 April 2017

Acquisition of B&R (Bernecker + Rainer Industrie-Elektronik GmbH) will close ABB’s historic gap in machine and factory automation Creating a uniquely comprehensive automation portfolio for customers globally B&R is a proven innovation leader in Programmable Logic Controllers (PLC),...

ABB Wins $70 Million in Equipment Orders to Expand European Rail Fleets -Thursday 16 February 2017  

(BUSINESS WIRE)-- ABB has won orders worth $70 million from Swiss train manufacturer Stadler to supply state-of-the-art traction and onboard power equipment to three European rail operators. The new equipment will enable more sustainable regional and suburban transit in urban areas with improved...

ABB delivers growth in fourth quarter -Wednesday 8 February 2017

(BUSINESS WIRE)-- Fourth quarter highlights 3%1 orders growth driven by large contract awards 9% orders growth in the United States and China Revenues up 1% Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin2 increased to 10.4% Operational EBITA...

ABB issues correction on CEO comments misreported by Bloomberg -Monday 16 January 2017

(BUSINESS WIRE)-- ABB CEO Ulrich Spiesshofer was misquoted by Bloomberg News as saying “Margins Will Not Fully Recover This Year.” The word “margins” is incorrect. Dr. Spiesshofer used the word “markets” saying that ABB does not foresee global markets recovering fully this...

ABB Names Timo Ihamuotila as New Chief Financial Officer -Thursday 27 October 2016

Timo Ihamuotila joins pioneering technology leader ABB as Chief Financial Officer from Nokia, effective April 1, 2017 Proven Chief Financial Officer with extensive experience in communications, software and services industries, active portfolio management and operational performance...

ABB: Continued Margin Growth in Tough Markets -Thursday 27 October 2016

Operational EBITA margin1 increased to 12.6% White Collar Productivity on track towards $1.3 bn savings; expected total costs reduced by $100 mn Net Income $568 million; basic earnings per share up 2% Base orders -6%2; total orders -13%; reflect Q3 uncertainty Revenues steady Cash...

First ABB Research Award in Honor of Hubertus von Gruenberg Given to Dr. Jef Beerten  -Friday 21 October 2016  

(BUSINESS WIRE)-- Dr. Jef Beerten, of the University of Leuven (KU Leuven) and EnergyVille, postdoctoral fellow of Research Foundation – Flanders (FWO), Belgium, is the first recipient of the ABB Research Award in Honor of Hubertus von Gruenberg. At a ceremony in front of more than a hundred...

 ABB: Next Stage of Unlocking Value  -Wednesday 5 October 2016

         Shaping four focused, market-leading, entrepreneurial divisions: Electrification Products Robotics and Motion Industrial Automation Power Grids Continued Power Grids transformation under ABB ownership: “Power Up” program aiming at...

ABB and Microsoft Partner to Drive Digital Industrial Transformation -Wednesday 5 October 2016

(BUSINESS WIRE)-- ABB and Microsoft Corp. today announced a strategic partnership to help industrial customers create new value with digital solutions. Customers will benefit from the unique combination of the Microsoft Azure intelligent cloud and ABB’s deep domain knowledge and extensive...