It is ranked 286th in The World’s Most Admired companies in the Fortune 500 global list of 2016. ABB has been a Global Fortune 500 company for 23 years. ABB has operations in around 100 countries, with approximately 132,000 employees in December 2016. ABB’s history goes back to the abb a9 30 10 pdf 19th century.
Swiss group of electrical companies producing AC and DC motors, generators, steam turbines and transformers. US operation at the time. This was the largest acquisition to date in ABB’s history. 1995 by the governments of the United States, Japan, South Korea and the European Union. 50 million retirement pay, which its board called excessive. 691 million net loss for 2001 made headlines and drew sharp criticism in Switzerland and Sweden.
Swiss private equity company, as part of ABB’s strategy to focus on power and automation technologies. ABB’s building systems businesses in Australia and Hong Kong were sold off the year before, in May 2003, to Downer EDI Limited. Financial debt and lingering asbestos liability brought ABB to the brink of bankruptcy in the early 2000s. In December 2008, ABB acquired Ber-Mac Electrical and Instrumentation to expand its presence in western Canada’s oil and gas industries. Ber-Mac Electrical and Instrumentation has been in the business of supplying electrical power and instrumentation equipment and services, both domestically and to international markets since 1980. Ber-Mac provides its clients with expertise in industrial automation, electrical and instrumentation design, process optimization, panel fabrication and field services. ABB’s decision to acquire the firm.
This acquisition significantly expanded ABB’s presence in Western Canada to more than 760 employees in over 20 locations. In 2009, ABB realigned its automation divisions to enhance growth opportunities. Discrete Automation and Motion, and Low Voltage Products. The Process Automation division remained unchanged except for the addition of the instrumentation business from the Automation Products division. 1 billion from Vista Equity Partners. On July 29, 2011, acquisition has been finalised. Mincom and Ventyx were subsequently integrated under the Ventyx name, and have now been integrated into ABB as the Enterprise Software Product Group.