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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]
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]
Previously known as Xi'an Electric Machinery Manufacturing Company and Xi'an XD, the company is now part of China XD Group. [ 3 ] The name Xi'an Electric is an abbreviation of the company's name, which is written as Xi'an in Chinese characters, referring to where the company was founded.
This more than doubled the size of the company, taking it from $800 million in annual revenue to $1.8 billion. 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.
In 1903, the predecessor of ABP, ASEA (Allmänna Svenska Elektriska Aktiebolaget) in Sweden built the first induction channel furnace for foundry operations. In order to expand the know-how of the company and to consolidate its market position, ASEA decided to merge in 1988 with Brown Boveri from Switzerland and to form ABB (Asea Brown Boveri).
TBEA Co., Ltd., previously known as Tebian Electric Apparatus, is a Chinese manufacturer of power transformers and other electrical equipment, and a developer of transmission projects. Along with competitors Tianwei Baobian Electric (TWBB) and the XD Group , it is one of the major Chinese manufacturers of transformers.
The technology for the manufacturing originally involved technology transfers from Mitsubishi Electric and France Transfo, a Schneider Electric Company . [citation needed] Shihlin Electric was founded in 1955. The company is listed on the Taiwan Stock Exchange (TSE 1503), and Mitsubishi Electric (Japan) is a 20% share holder. Shihlin Electric ...
In an electrical power distribution system, a ring main unit (RMU) is a factory assembled, metal enclosed set of switchgear used at the load connection points of a ring-type distribution network. It includes in one unit two switches that can connect the load to either or both main conductors, and a fusible switch or circuit breaker and switch ...