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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