ABB Ltd.

ABB Ltd. is a technology company, which engages in the development and provision of electrification, motion and automation solutions. It operates through the following business segments: Electrification, Motion, Process Automation and Robotics & Discrete Automation. The Electrification segment manufactures and sells electrical products and solutions which are designed to provide safe, smart and sustainable electrical flow from the substation to the socket. The Motion segment manufactures and sells drives, motors, generators, traction converters and mechanical power transmission products that are driving the low-carbon future for industries, cities, infrastructure and transportation. The Process Automation segment develops and sells a broad range of industry-specific, integrated automation and electrification and digital systems and solutions, as well as digital solutions, life cycle services, advanced industrial analytics and artificial intelligence applications and suites for the process, marine and hybrid industries. The Robotics & Discrete Automation segment delivers its products, solutions and services through two operating Divisions: Robotics and Machine Automation. The company was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.

Earnings data Q2 2024

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ABB continues to see strong demand for electrification gear, and between long lead times and growing demand from data centers, grid modernization, and decarbonization, this is likely to continue. Both discrete and process automation markets are looking softer, but most short-cycle markets should be at or near their bottoms and the long-term outlook for automation demand is strong. A change at the top could represent some risk, as outgoing Bjorn Rosengren has done an excellent job, but the new CEO has deep experience at ABB.

ABB: Living Well In The Industrial Sweet Spots (Rating Upgrade)

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ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.

ABB buys Siemens's wiring accessories business in China

ZÜRICH, Switzerland, May 08, 2024 (GLOBE NEWSWIRE) -- Electrification and automation leader ABB and Niedax Group, a leading global supplier of cable management systems, have entered into an agreement to form a new 50/50 joint venture. The transaction is subject to customary closing conditions. Expected to close and commence operations in Q4 2024, the collaboration will integrate the North American cable tray businesses of ABB's Installation Products Division and Niedax Group into a new joint venture. The plan is to deliver advanced solutions and services to electrical contractors, distributors and systems integrators across the United States, Canada and Mexico.

ABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North America

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ABB raised its profit guidance for 2024, despte reporting flat revenue for the first quarter that missed consensus expectations and weaker group orders.

ABB Lifts Profit Outlook Despite Sales Miss

ABB provided strong returns of 20% CAGR over the past 5 years, but further growth may be unsustainable. ABB is well-positioned to benefit from potential AI growth. Revenue growth is expected to be 5-7% in 2024, supported by a strong order backlog.

ABB: A Strong Performing Business With Potential AI Tailwinds

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CLEVELAND & DALLAS--(BUSINESS WIRE)--Align Capital Partners (“ACP”) announced today that its portfolio company SEAM Group (the “Company”) has entered into a definitive agreement to be acquired by ABB. SEAM Group is a provider of energized asset management and advisory services to over 3,000 customer sites across the industrial and commercial building markets. The transaction is subject to regulatory approval and expected to close in Q3 2024. Headquartered in Beachwood, Ohio, SEAM Group provides.

Align Capital Partners Announces Sale of SEAM Group to ABB

ABB has bought a company specialising in boosting the mobility of industrial robots - by using artificial intelligence and 3D vision to move around factories and warehouses.

ABB buys tech company to give industrial robots eyes and brains

ZURICH, Switzerland, Jan. 08, 2024 (GLOBE NEWSWIRE) -- ABB today announced that it has agreed to acquire Canadian company Real Tech, a leading supplier of innovative optical sensor technology that enables real-time water monitoring and testing. Through the acquisition, ABB will expand its strong presence in the water segment and complements its product portfolio with optical technology critical for smart water management. Financial terms of the transaction that is expected to close in Q1 2024 were not disclosed.

ABB acquires innovative optical sensor company to expand smart water management offering

In its continual efforts to enhance customer experience, ABB is investing in Lumin, the US-based pioneer and leading provider of responsive energy management solutions, to bring new smart and sustainable technologies to homes in North America. ABB led the strategic investment with participation from Lumin's primary institutional investor, Carbon Drawdown Collective, and its other incumbent investors. Lumin's innovative platform enables electrification upgrades without changing the home's existing electrical panel. It provides unprecedented insights into behind-the-meter consumption data and dynamically shifts loads to support the energy transition for communities.

ABB invests in Lumin to accelerate the development of accessible home energy management solutions

NEW YORK & BROWNSVILLE, Texas--(BUSINESS WIRE)--Texas LNG, a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, and ABB have signed a Memorandum of Understanding to collaborate on core automation and electrical equipment for the new facility. As part of the MoU, Texas LNG and ABB have agreed to a framework for ABB to make an investment in the project. Texas LNG is a subsidiary of Glenfarne Energy Transition, LLC (“G.

Glenfarne Energy Transition's Texas LNG and ABB Partner on Core Electrical and Automation Equipment

QUEBEC CITY, Nov. 28, 2023 (GLOBE NEWSWIRE) -- ABB has secured a third contract with GHGSat, the global leader in high-resolution greenhouse gas monitoring from space, to manufacture optical sensors for their C12, C13, C14 and C15 satellites set to launch into orbit in 2024.

ABB to add optical sensors to four more GHGSat greenhouse gas monitoring satellites

ABB to integrate CMG simulation technology into CCS digital twin platform to reduce environmental and financial risks ABB to integrate CMG simulation technology into CCS digital twin platform to reduce environmental and financial risks

CMG Announces Partnership with ABB to Deliver Powerful New Technology for Carbon Capture and Storage (CCS)

QUEBEC CITY, Oct. 19, 2023 (GLOBE NEWSWIRE) -- ABB is marking the 50th anniversary of its Quebec Measurement & Analytics factory which today manufactures market-leading products for industrial analytical measurement and is one of the largest suppliers of optical sensors for detecting greenhouse gas emissions from space.

ABB factory celebrates 50 years at the forefront of sustainable analytical technologies

PORTLAND, Ore.--(BUSINESS WIRE)--ABB has added ZincFive as an approved supplier, enabling UPS systems that leverage the benefits of ZincFive Nickel-Zinc battery solutions.

ZincFive and ABB Work Together to Bring Safe, Sustainable Energy Storage to the Data Center UPS Market

MONTREAL, Sept. 25, 2023 (GLOBE NEWSWIRE) -- UPDATE: In a release issued on September 21, 2023, at 1:30 PM ET by ABB Inc., the company is updating this release to include a new photo and the following addition:

UPDATE -- ABB expands one of its Installation Products plants in Canada

MONTREAL, Sept. 21, 2023 (GLOBE NEWSWIRE) -- ABB is investing CA$16 million in its Installation Products Division manufacturing facility in Pointe-Claire, Canada. This enables expanded production capacity to meet the growing needs of customers from coast to coast.

ABB expands one of its Installation Products plants in Canada

QUEBEC CITY, Sept. 19, 2023 (GLOBE NEWSWIRE) -- ABB has partnered with Porsche Consulting, a leading management consultancy and a subsidiary of the sports car manufacturer, to reshape the landscape of analyzer manufacturing, solidifying ABB's position at the forefront of the analyzer market.

ABB and Porsche Consulting driving the future of analyzer manufacturing

Ongoing portfolio restructuring positions ABB to capitalize on growth opportunities in electrification and automation. Well-positioned to benefit from stimulus spending worldwide. Good 1H 2023. Strong order backlog should support near-term performance. Competitive risks, particularly from European rival Siemens.

ABB: Stable Prospects, Likely Baked Into The Stock

China, a powerhouse of manufacturing often referred as "the world's factory" due to its influence on global trade, is ABB's second-biggest market.

Robotics giant ABB 'pretty pessimistic' on China: 'It will be challenging for the rest of the year'

ABB on Thursday said it had signed an order to provide process electrification to power the world's largest battery recycling facility, Revolt Ett, being established by Swedish battery supplier Northvolt.

ABB to supply process electrification to Northvolt battery recycling site

ABB's extensive range of optimized solutions helps manufacturers in virtually every market build safe, reliable, energy-efficient, and automated conveyor systems, achieve quicker pick, pack, and dispatch times, and produce higher volumes. FORT WORTH, Texas , July 24, 2023 /PRNewswire/ -- RS, a trading brand of RS Group plc (LSE: RS1), a global provider of industrial product and service solutions, offers a wide range of essential conveyor system solutions from ABB.

News for ABB Ltd. Stock (ABB)