ABB Ltd (ABB) is a provider of digital technologies. The company offers products, systems, solutions and services related to electrification products, motion and industrial automation. Its offerings harness power reliability, increase industrial productivity and enhance energy efficiency. ABB sells products through direct sales force and third-party channel partners such as distributors, installers, wholesalers, machine builders and OEMs and system integrators. It provides digitally connected and enabled industrial equipment and systems to customers in utilities, industry, transport and infrastructure sectors in Asia, Americas, the Middle East, Africa and Europe. The company has manufacturing facilities in the US, China, Czech Republic, Switzerland, Finland, Germany, Italy, Canada, Sweden, Poland and India. ABB is headquartered in Zurich, Switzerland.
Headquarters
Switzerland
Address
Affolternstrasse 44, Zuerich, 8050
Website
global.abb
Telephone
41 43 3177111
No of Employees
104,400
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
ABBN (SWF)
Revenue (2023)
$28.9B
10.8%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
-11.7%
(2023 vs 2022)
Market Cap*
$65.4B
Net Profit Margin (2022)
XXX
-20.2%
(2023 vs 2022)
* As of and is in US$
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Products and Services
| Products | Services |
|---|---|
| Electric Vehicle Charging Infrastructure | Remote Monitoring |
| Modular Substation Packages | Preventive Maintenance |
| Distribution Automation Products | Cybersecurity |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In January, the company through its venture capital unit, ABB Technology Ventures acquired a minority stake in Viking Analytics. |
| 2023 | Divestiture | In January, the company sold its power conversion business to AcBel Polytech Inc for US$505 million. |
| 2023 | Corporate Changes/Expansions | In January, the company opened a new regional operations center in Mexico. |
Competitor Comparison
| Key Parameters | ABB Ltd | Siemens AG | Denso Corp | Cummins Inc | Eaton Corporation Plc |
|---|---|---|---|---|---|
| Headquarters | Switzerland | Germany | Japan | United States of America | Ireland |
| City | Zuerich | Muenchen | Kariya-Shi | Columbus | Dublin |
| State/Province | - | - | Aichi | Indiana | - |
| No. of Employees | 104,400 | 308,000 | 167,950 | 59,900 | 85,947 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter R. Voser | Chairman | Executive Board | 2015 | 64 |
| Bjorn Rosengren | Chief Executive Officer | Senior Management | 2020 | 63 |
| Timo Ihamuotila | Chief Financial Officer | Senior Management | 2017 | 56 |
| Carolina Granat | Chief Human Resources Officer | Senior Management | 2021 | - |
| Karin Lepasoon | Chief Communications and Sustainability Officer | Senior Management | 2022 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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