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ABB Group [6] is a Swedish-Swiss [7] [8] ... The merger created a global industrial group with revenue of approximately $15 billion and 160,000 employees. [17]
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]
This page was last edited on 11 March 2021, at 18:24 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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.
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]
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 ...
Adtranz was a multi-national rail transportation equipment manufacturer with facilities concentrated in Europe and the US. The company, legally known as ABB Daimler-Benz Transportation, was created in 1996 as a joint venture between ABB and Daimler-Benz to combine their rail equipment manufacturing operations.
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.