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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]
In 2011, Baldor was acquired by ABB Ltd of Switzerland in an all-cash deal of US$4.2 billion ($1.1 billion debt included). The company continued to operate as Baldor Electric Company A Member of the ABB Group. On March 1, 2018, Baldor Electric Company's name was dissolved into the ABB brand, becoming ABB across all of its locations.
ABB plant shooting: An ABB employee commits suicide after shooting eight people, three fatally, at the ABB Power building in St. Louis, Missouri in the United States. A Burmese court sentences two officials to death and one to imprisonment for leaking details of secret government visits to North Korea and Russia.
Rockwell Automation began in 1903 as the Compression Rheostat Launch Company. It was founded by Dr. Stanton Allen and Lynde Bradley with an initial investment of $1000. [2]
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.
Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems.
They include ABB, Bucher, Bühler, Geberit, Georg Fischer, Pilatus, Rieter, Schindler, Siemens, Stadler and many more. 85% of all Swissmem members are small and medium-sized enterprises (SMEs). With around 320,000 employees, including more than 15,000 apprentices, [ 7 ] the MEM industries are among the biggest employers in Switzerland.
Police identified the shooter as 51-year-old Timothy Gerard Hendron, a resident of Webster Groves, Missouri, a suburb of St. Louis, and an employee of ABB.No motive has been identified, though he was known to be part of a class action lawsuit against ABB pertaining to the company's pension plan, specifically unidentified fees and expenses in employees' 401(k) accounts.