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ABB

“Market Cap $59.96 B As of May 2014

At a Glance

  • Industry: Conglomerates
  • Founded: 1988
  • Country: Switzerland
  • CEO: Ulrich Spiesshofer
  • Website: www.abb.com
  • Employees: 147,700
  • Sales: $41.81 B
  • Headquarters: Zurich

Forbes Lists

#169 Global 2000

  • #212 in Sales
  • #226 in Profit
  • #485 in Assets
  • #151 in Market value
Profile

ABB Ltd. operates as a power and automation technology company. The company provides solutions for secure, energy-efficient generation, transmission and distribution of electricity, and for increasing productivity in industrial, commercial and utility operations. It operates through five business segments: Power Products, Power Systems, Discrete Automation & Motion, Low Voltage Products and Process Automation. The Power Products business segment is supplier of transformers in electric and other infrastructure utilities, industries across the spectrum and commercial enterprises. It offers various products across voltage levels includes circuit breakers, switchgear, capacitors, instrument transformers, power distribution and traction transformers, as well as a complete range of medium voltage products. The Power systems business segment offers turnkey solutions for traditional and renewable energy based power generation plants, transmission grids and distribution networks. It offers its solutions to power generation, transmission and distribution utilities, other infrastructure utilities, industries across the spectrum and commercial enterprises. The Discrete Automation & Motion business segment supplies industrial electric motors and drives to manufacturers, original equipment manufactures in a variety of industries, end users in variety of process industries. The segment offers motors, generators, drives, mechanical power transmission, robotics, programmable logic controllers, wind converters, solar inverters, voltage regulators, rectifiers, UPS systems, excitation systems, traction converters and fast DC chargers. The Low Voltage Products business segment offers products and solutions suitable for multiple electrical applications from residential home automation to industrial buildings, including low-voltage circuit breakers, switches, control products, wiring accessories, enclosures and cable systems designed to ensure safety and reliability. It serves various customers such as distributors, installers, panel builders, original equipment manufacturers, system integrators, contractors, architects and end users. The Process Automation business segment offers products, systems and services designed to optimize the productivity of industrial processes. Its solutions include turnkey engineering, control systems, measurement products, life cycle services, outsourced maintenance and industry specific products. The segment serves various process industries such as oil and gas, petrochemicals, mining, metals production, marine, pulp and paper, and cement. ABB was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.

“Vision

As one of the world’s leading engineering companies, we help our customers to use electrical power efficiently, to increase industrial productivity and to lower environmental impact in a sustainable way. Power and productivity for a better world.”

*Information from Forbes.com and Abb.com

**Video published on YouTube by “ABBEesti

Industry:

Conglomerates

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