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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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ABB is spending $280 million on a new robotics factory in Sweden, the Swiss engineering and technology group said on Wednesday, to meet growing demand triggered by customers moving production from ...
2000: BNFL bought ABB's nuclear power business, and merged into Westinghouse. 2004: Westinghouse bids for two Chinese reactor sites; the US Export-Import bank approved $5 billion in loan guarantees [37] 2006: Westinghouse acquired PaR Nuclear/Ederer Nuclear Cranes, providing fuel and cask handling equipment systems.
In July 2020, ABB divested its power grid business and sold 80.1% of that to Hitachi Ltd., leading to the formation of Hitachi ABB Power Grids. [1] In October 2021, Hitachi ABB Power Grids changed its company name to Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd. [2]
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Jacob Wallenberg is Chairman of the Board of Investor AB, a lead shareholder of Nordic-based global companies. He is Vice Chairman of ABB , Ericsson AB , FAM AB , and Patricia Industries . Wallenberg also serves on the boards of Nasdaq Inc , the Knut and Alice Wallenberg Foundation , various other Wallenberg family foundations, and the ...