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ABB Group is a Swedish-Swiss multinational electrical engineering corporation. Incorporated in Switzerland as ABB Ltd., and headquartered in Zurich, [1] it is dual-listed on the SIX Swiss Exchange in Zurich and the Nasdaq Nordic exchange in Stockholm, Sweden. [6]
The company sells Baldor-Reliance and ABB branded industrial electric motors. Products are available in both IEC and NEMA configurations and range from fractional to 100,000 horsepower. The company also sells the Dodge brand of mechanical power transmission products, including mounted bearings, enclosed gearing, couplings, sheaves, and bushings.
In July 2020, ABB divested its power grid business and sold 80.1% of that to Hitachi Ltd., leading to the formation of Hitachi ABB Power Grids. [1] In October 2021, Hitachi ABB Power Grids changed its company name to Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd. [2]
ABB's data centre-related orders increased 23% per year on average in 2019-2023, and even faster in 2024 to make up 15% of its electrification business, from 12% in 2023 and 8% in 2022.
This page was last edited on 11 March 2021, at 18:36 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
Rockwell Automation began in 1903 as the Compression Rheostat Launch Company. It was founded by Dr. Stanton Allen and Lynde Bradley with an initial investment of $1000. [ 2 ] In 1904, 19-year-old Harry Bradley joined his brother in the business, and the company's first patented product, a carbon disc compression-type motor controller for ...
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