Voser Steps in as Interim CEO at ABB
ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.Spiesshofer’s abrupt exit follows the launch of the biggest…
ABB Committed to Saudi Market - CEO
Swiss engineering group ABB is in Saudi Arabia for the long run, Chief Executive Ulrich Spiesshofer said on Wednesday, expressing hope that political and economic changes in the kingdom would ensure long-term stability. "If you look at the kingdom it is going through a…
ABB wins Indian power transmission link deal
ABB has teamed up with India’s national electricity grid operator Power Grid Corporation of India Limited (POWERGRID) in a mega project worth over $640 million for ABB to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people.
ABB, Microsoft Partner to Drive Digital Industrial Transformation
ABB and Microsoft Corp. announced a strategic partnership to help industrial customers create new value with digital solutions. The offering is a unique combination of the Microsoft Azure intelligent cloud and ABB’s domain knowledge and extensive portfolio of industrial solutions.
ABB, Aibel Tie-up for Offshore Wind Connections
ABB and Aibel today announced a strategic partnership to deliver state-of-the-art offshore wind integration solutions. ABB will focus on its proven high voltage direct current (HVDC) technology, while Aibel will take turnkey Engineering, Procurement and Construction (EPC) responsibility for the design…
ABB, Fluor Partnership for Power Substation Projects delivery
ABB and Fluor have formed a global strategic partnership for the execution of large turnkey engineering, procurement and construction (EPC) projects for electrical substations. By combining ABB’s world-leading technology and its market leadership position in power transmission…
Abruzzese to Head Quality & Operational Excellence at ABB
ABB has appointed Pascale Abruzzese as head of Group Quality and Operational Excellence. Abruzzese, a British national, is currently Chief of Operations for Philips International. He succeeds Bill Black who is retiring after seven years in the role. Abruzzese, born in 1966…
Cevian Asks Consultant to Study Potential ABB Break-up
ABB's second-biggest shareholder, activist investor Cevian, has hired Boston Consulting Group to study a potential break-up of the Swiss engineering group, turning up the pressure for a revamp, Germany's Manager Magazin reported. Sweden's Cevian, ABB and Boston Consulting declined to comment.
ABB Strengthens Commitment to India’s economic development
ABB doubles workforce at its global engineering and operations center in Chennai and opens a new UPS production facility near Bangalore. ABB’s expansion of the Chennai center demonstrates its commitment to the country’s “Make in India” policy, aimed at strengthening its industrial base and fueling economic growth.
Applications for 2016 ABB Research Award
Applications are now being accepted for the international ABB Research Award in Honor of Hubertus von Gruenberg. A call for applications to be submitted by January 31, 2016 has been issued to postgraduates in the fields of power and automation at universities or research institutions.
ABB to Decide on Power Grids Future in 2016
ABB will likely decide next year what to do with its new Power Grids division, Chief Executive Ulrich Spiesshofer told a Swiss newspaper, reiterating that all options were open for the business. ABB this week announced a strategic review of its low-margin power projects…
Husain appointed ABB’s CTO
ABB, the leading power and automation technology group, has appointed Bazmi Husain as Chief Technology Officer (CTO), effective January 1, 2016. Husain, an expert in power and automation who has been with ABB for more than 30 years, will report to CEO Ulrich Spiesshofer. Husain is currently Managing Director of ABB India Ltd.
ABB Bags $450 Mln NSN Deal
ABB has won an order worth about $450 million to link the power grids of the United Kingdom and Norway, increasing security of power supply for both countries and supporting the integration of more renewable wind and hydroelectric power into their networks. The order was placed by Statnett…
ABB, Samsung SDI JV to Develop Microgrids Globally
ABB and Samsung SDI have signed a Memorandum of Understanding to promote microgrid solutions globally. The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage.
ABB wins Norwegian, German power grids Contract
ABB has won orders worth around $900 million from a consortium comprising leading utilities Statnett and TenneT as well as promotional bank KfW to supply on-shore high-voltage direct current (HVDC) converter stations and the cable system in the German sector that will…
ABB, Solar Impulse Join Forces for Round-the-world Flight
ABB, the leading power and automation technology company, is proud to accompany Solar Impulse and its crew on the plane’s flight around the world powered only by energy from the sun. Solar Impulse, based in Switzerland, announced today it will begin its historic flight between late February and early March in Abu Dhabi.
ABB CEO: No Major Acquisitions
Swiss engineering group ABB is not planning any big acquisitions at the moment, its chief executive said in an interview with a German newspaper on Monday. "We're not planning any bigger acquisitions in the short term," Ulrich Spiesshofer, who took over as chief executive last year, told Sueddeutsche Zeitung.
Former Shell Head Voser Returning as ABB Chairman
ABB nominates ex-Royal Dutch Shell boss as chairman; current chairman von Gruenberg has decided to step down. Swiss engineer ABB has named former Royal Dutch Shell boss Peter Voser as its new chairman, a homecoming for a man who was previously finance chief at the company.
Thomson Reuters Recognizes ABB as Top Innovators
ABB has been recognized by Thomson Reuters as one of the world’s top 100 innovators for a third year. This award acknowledges companies around the world for their outstanding commitment to global innovation, the protection of ideas and the commercialization of inventions. “This recognition is a strong endorsement.
ABB to Join UN's Sustainable Energy for All initiative
ABB announced at the UN Climate Summit in New York today that it is joining the UN’s Sustainable Energy for All initiative (SE4ALL). The company will provide expertise on energy efficient motors and transformers to help governments devise policies that accelerate energy savings.
