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The company sells Baldor-Reliance and ABB branded industrial electric motors. Products are available in both IEC and NEMA configurations and range from fractional to 100,000 horsepower. The company also sells the Dodge brand of mechanical power transmission products, including mounted bearings, enclosed gearing, couplings, sheaves, and bushings.
ABB acquired Thomas & Betts for $3.9 billion, or $72 a share, in 2012 to become a major player in the North American low-voltage products market. Nortek purchased the Thomas & Betts HVAC business unit (Reznor) from ABB in March 2014 for $260 million.
Adtranz was a multi-national rail transportation equipment manufacturer with facilities concentrated in Europe and the US. The company, legally known as ABB Daimler-Benz Transportation, was created in 1996 as a joint venture between ABB and Daimler-Benz to combine their rail equipment manufacturing operations.
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ABB (ABB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy). ABB (ABB) might move higher on growing optimism about its ...
ABB (ABB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
ABB Group [6] is a Swedish-Swiss [7] [8] [9] multinational electrical engineering corporation. Incorporated in Switzerland as ABB Ltd., and headquartered in Zurich, [1] it is dual-listed on the SIX Swiss Exchange in Zurich and the Nasdaq Nordic exchange in Stockholm, Sweden, in addition to OTC Markets Group's pink sheets in the United States. [10]
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