ABB Ltd (ABBNN)

Profile

https://global.abb/group/en

ABB Ltd is a Swedish-Swiss multinational corporation specializing in electrical engineering, electrification, and automation technologies. Incorporated in Switzerland and headquartered in Zurich, it originated from the 1988 merger of Sweden's ASEA and Switzerland's Brown, Boveri & Cie, both founded in the late 19th century, creating a global leader with over 140 years of history and approximately 110,000 employees worldwide. Its primary purpose is to enable a more sustainable and resource-efficient future through innovative solutions in electrification and automation, investing around 4-5% of annual revenues—reaching $32.9 billion in 2024—into R&D. Key business areas include Electrification, offering products from substations to sockets like EV chargers, modular substations, and distribution automation; Motion, providing motors, generators, drives, and digital powertrains as the global market leader; Robotics & Discrete Automation, with over 300,000 robots installed and a top position in China; and Process Automation for industries with integrated control systems and analytics. ABB Ltd significantly impacts sectors such as power generation and transmission, industrial automation, robotics, renewables, e-mobility, data centers, and smart buildings, driving efficiency, productivity, and reduced emissions through pioneering technologies like high-voltage shore-to-ship power and extended automation systems.