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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.
ABB acquired Thomas & Betts for $3.9 billion, or $72 a share, in 2012 to become a major player in the North American low-voltage products market. Nortek purchased the Thomas & Betts HVAC business unit (Reznor) from ABB in March 2014 for $260 million.
ABB Group [6] is a Swedish-Swiss [7] [8] [9] 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, in addition to OTC Markets Group's pink sheets in the United States. [10]
Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems. These companies have served the upstream oil and gas industry since 1903 and are suppliers of products, systems, and services for onshore and offshore drilling. Vetco ...
Simulation software provider Ansys and Rockwell Automation also allied to help customers design simulation-based digital twins of products, processes, and manufacturing. [ 9 ] In May 2023, The Wall Street Journal reported that Rockwell Automation was under a U.S. federal investigation regarding potential access to its software by the Chinese ...
Strömberg was acquired by Swedish ASEA in 1987, then later in 1988 when ASEA merged with Brown, Boveri & Cie to form ABB, the company became a division of ABB and hence known as ABB Strömberg. In the later 1990s, the company name was changed from ABB Strömberg Oy into ABB Oy and a more integral part of ABB.