ABB

Swedish–Swiss multinational robotics and electrical equipment company

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May 2024 ABB agreed to acquire the wiring accessories business of Siemens in China, gaining access to a distribution network across 230 cities.
January 2024 The United States House Committee on Homeland Security and the House Select Committee on Strategic Competition with China announced an investigation into ABB regarding equipment sold to Chinese state-owned crane manufacturer ZPMC.
January 2024 ABB acquired Real Tech, a Canadian company specializing in optical sensor technology for water monitoring, and also acquired R&D Engineering Firm Meshmind to expand AI and software capabilities.
September 2023 ABB Motion acquired a minority stake in WindESCo, a Burlington-headquartered wind turbine analytics software company, expanding its digital powertrain solutions portfolio.
September 2023 ABB announced a partnership with the Well Done Foundation to monitor methane and greenhouse gas emissions from orphaned wells in the United States.
June 2023 ABB agreed to acquire Eve Systems, a smart home automation provider.
December 2022 ABB was charged by the U.S. Securities and Exchange Commission (SEC) for Foreign Corrupt Practices Act (FCPA) violations in South Africa, ordered to pay $460 million to settle criminal and civil charges.
December 2022 ABB opened a new 67,000 square metre robotics factory in Shanghai after investing $150 million.
December 2022 Hitachi confirmed the acquisition of the remaining 19.9% of the Power Grids business from ABB.
October 2021 The former ABB Power Grids division, now owned by Hitachi, was rebranded as Hitachi Energy.
July 2021 ABB confirmed the sale of its mechanical power transmission business, Dodge, to RBC Bearings Incorporated for $2.9 billion.
June 2021 ABB announced its involvement in constructing the first permanent electric road capable of powering private vehicles, trucks, and buses.
July 2020 Hitachi officially acquired 80.1% of ABB's Power Grids business.
March 2020 Björn Rosengren officially became CEO of ABB.
March 2020 ABB announced the sale of its solar inverter business to Italian manufacturer Fimer, including manufacturing and R&D sites in Finland, Italy, and India, involving 800 employees across 26 countries.
August 2019 ABB announced Björn Rosengren would take over as CEO starting March 2020, who was previously CEO of Sandvik.
April 17 2019 Peter Voser was appointed interim CEO after Ulrich Spiesshofer stepped down.
2018 ABB launched the Terra High Power charger for electric vehicles, capable of charging an electric car to enable a 200-kilometer travel range in just eight minutes.
December 17 2018 ABB announced the sale of 80.1% of its Power Grids business to Hitachi, which was subsequently rebranded to Hitachi Energy.
June 30 2018 ABB completed its acquisition of GE Industrial Solutions, General Electric's global electrification business.
January 2018 ABB became the title partner of the ABB FIA Formula E Championship, the world's first fully electric international FIA motorsport series.
2017 ABB concluded its bribery scheme with Eskom, having paid over $37 million in bribes to secure a $160 million contract for cabling and installation work at the Kusile Power Station.
July 6 2017 ABB completed its acquisition of Bernecker + Rainer Industrie-Elektronik (B&R), the largest independent provider of industrial automation software and products.
2016 ABB was awarded a contract for the TANAP gas pipeline project in Turkey to deliver telecommunications, security, and control infrastructure.
April 2015 Peter Voser was elected chairman of the board of directors.
2014 ABB began a bribery scheme involving payments to a high-ranking Eskom official to influence power project contracts in South Africa.
2014 ABB formed a joint venture with Hitachi to provide HVDC system solutions in Japan.
2014 ABB unveiled YuMi, a collaborative dual-arm industrial assembly robot designed to enable safe and productive human-machine interaction across various industries.
September 2013 Ulrich Spiesshofer was named ABB's CEO, succeeding Joe Hogan.
July 2013 ABB acquired Power-One in a $1 billion all-cash transaction to become the leading global manufacturer of solar inverters.
May 2013 ABB Sécheron SA participated in a one-year demonstration of the TOSA trolleybus route in Geneva, showcasing an innovative charging system with fixed overhead devices at stops and terminus, highlighting potential improvements in electric transport technology.
June 15 2012 ABB completed its acquisition of Tropos, commercial and industrial wireless technology specialists.
January 30 2012 ABB announced the acquisition of Thomas & Betts, a North American specialist in low voltage products, in a $3.9 billion cash transaction.
2011 ABB acquired Baldor Electric in an all-cash transaction worth $4.2 billion to increase market share in North American industrial motors business.
July 1 2011 ABB announced its acquisition of Epyon B.V. of the Netherlands, an early leader in European EV-charging infrastructure and maintenance markets.
January 10 2011 ABB invested $10 million in ECOtality, a San Francisco-based developer of charging stations and power storage technologies, to enter North America's electric vehicle charging market.
2010 ABB's North American headquarters in Cary, North Carolina, announced a partnership with Sensus of Raleigh to develop smart grid technologies.
2010 Second US Foreign Corrupt Practices Act resolution against ABB.
September 2010 ABB purchased K-TEK, a manufacturer of level measurement instruments, for $50 million and incorporated it into the Measurement Products business unit.
July 2010 ABB in Cary, North Carolina received a $4.2 million grant from the US federal government to develop energy storing magnets.

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