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ABB provides preliminary data for the first-quarter 2021 results and updates its revenue guidance for 2021.
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] ABB was ranked 340th in the Fortune Global 500 list of 2020 and has been a global Fortune 500 company for 24 years.
In 2011, Baldor was acquired by ABB Ltd of Switzerland in an all-cash deal of US$4.2 billion ($1.1 billion debt included). The company continued to operate as Baldor Electric Company A Member of the ABB Group. On March 1, 2018, Baldor Electric Company's name was dissolved into the ABB brand, becoming ABB across all of its locations.
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]
The SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies , certain insiders, and broker-dealers are required to make regular SEC filings.
Peter Robert Voser (born 29 August 1958) [1] is a Swiss businessman, who is the chairman of the Swedish-Swiss company ABB. He was the CEO of the Dutch-British corporation Royal Dutch Shell from July 2009 to December 2013. He was interim CEO of ABB from April 2019 to February 2020. [2]
Formula E Holdings Limited, (FEH) are the owners, promoters, and acting holding company of the ABB FIA Formula E Championship. [1] Founded in 2012 by Alejandro Agag, with funding from entrepreneur Enrique Bañuelos, in order to fulfil an FIA tender to create an all-electric international racing series, FEH have overseen all five editions of the Formula E Championship from their registered ...
In 1987, it announced a merger with the Swiss company Brown, Boveri & Cie (BBC) to form ABB. [1] [3] The merge took effect on 1 January 1988. [4] After this merger, ABB acquired several companies, including the power transmission and distribution operations of the Westinghouse Electric Corporation and the Combustion Engineering Group. [1]