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ABB Ltd, a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland, was formed in 1988 through the merger of Sweden's Allmänna Svenska Elektriska Aktiebolaget and Switzerland's Brown, Boveri & Cie, now known simply as ABB. The company is a global technology leader in electrification and automation, striving to create a more productive and sustainable future. ABB operates in over 100 countries and employs approximately 105,000 people.
ABB’s operations span four major business areas: Electrification, Process Automation, Motion, and Robotics & Discrete Automation. Through these divisions, ABB offers a wide range of products and solutions, including electric vehicle infrastructure, robotics, automation systems, and energy management solutions. ABB is committed to pushing the boundaries of technology to drive performance to new levels, leveraging its software capabilities to enhance its electrification, robotics, and automation portfolios.
Recent achievements highlight ABB’s robust growth and innovation strategies. In 2022, ABB reported strong demand and operational performance with orders amounting to $8.8 billion, marking a 10% increase, and revenues of $7.3 billion. The company's operational EBITA stood at $1,136 million with a margin of 15.5%. ABB has announced expansions and investments across its operations, including a $20 million investment to expand its robotics headquarters in Michigan and a $40 million investment to open a new manufacturing facility in Albuquerque, New Mexico to meet increased demand for grid resilience solutions.
ABB has also underscored its commitment to sustainability by reducing its own greenhouse gas emissions by 65% since 2019 and working towards a low-carbon society. The company continues to innovate in energy efficiency, evident in its collaboration with Lumin to enhance home energy management solutions. Through strategic initiatives, ABB aims to support industry decarbonization and improve energy efficiency, solidifying its leadership in the transition to a sustainable energy future.
ABB’s stock is publicly traded on the SIX Swiss Exchange under the symbol ABBN. The company continues to focus on expanding its market presence and driving growth through innovation, strategic partnerships, and a commitment to sustainability.
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