Tillkännagivande • Apr 23
ABB Introduces HiPerGuard 34.5kV UPS ABB is introducing HiPerGuard 34.5kV, a new version of its breakthrough medium voltage UPS, enabling AI data centers to connect directly to the grid without voltage conversion, improving efficiency and simplifying infrastructure. With this latest innovation, HiPerGuard's microgrid-ready architecture enables flexible integration of battery storage, gas, and renewables with grid support and peak shaving capabilities. Global data center demand is forecast to rise from 80 GW in 2024 to reach around 220 GW by 2030. Workloads are expected to account for around 70% of this growth. ABB is working with AI leaders and data center operators to engineer a new class of data center power infrastructure through integrated, end-to-end power systems designed for flexibility, reliability, efficiency, and scalable performance at AI scale. Data centers will leverage the HiPerGuard 34.5kV's microgrid-ready architecture to combine distributed power generation with battery energy storage. The system accommodates diverse energy sources – gas turbines, renewable generation, and grid connection – providing operators with flexibility to optimize resilience and efficiency. Integration with ABB's Power Exchanger technology enables battery management and grid support functions, allowing data center operators to perform peak shaving and frequency regulation services. Operating at 98% efficiency, HiPerGuard's direct 34.5kV connection reduces voltage conversion losses, valued at approximately $880,000 per year for every one percent efficiency gain in a 100 MW AI data center. The simplified architecture also reduces copper cabling requirements substantially. And, with 20-25% less footprint and fewer devices and cabling runs, operators gain both space and significant infrastructure cost savings. The system's repeatable and flexible architecture supports incremental capacity expansion through parallel configurations up to 25 MW, enabling operators to grow without complete infrastructure overhauls. As AI workloads intensify and power requirements shift, the system's plug-and-play converter design allows rapid adaptation and integration of emerging technologies. ABB announced the introduction of HiPerGuard 34.5kV at Data Center World Washington 2026, where it was also recognized by UL Solutions as the first product of its kind to achieve certification to UL 9540 – the industry's highest energy storage standard. The HiPerGuard portfolio is both IEC and UL Certified with voltage levels from 4.16kV to 34.5kV and will be available to order in summer 2026. ABB's HiPerGuard installed base is growing across North America, Europe, and Asia-Pacific, including major deployments at Applied Digital's 400 MW and 300 MW AI data center campuses in North Dakota. Tillkännagivande • Mar 19
ABB Ltd Approves Dividend, Payable on March 25, 2026 ABB Ltd. Board of Directors at its AGM held on March 19, 2026, approved an increased dividend of CHF 0.94 per share. The dividend payment in Switzerland is planned for March 25, 2026. Tillkännagivande • Feb 03
ABB Ltd Introduces Automation Extended ABB has introduced its Automation Extended program, a strategic evolution of its distributed control systems (DCS), designed to help industries modernize without disruption. Building on ABB's long-standing leadership with the world's largest DCS installed base and vision in process automation, Automation Extended outlines how future automation capabilities can be introduced progressively - preserving system integrity while enabling the flexibility, scalability and efficiency needed for the next era of industrial operations. Industrial operations face volatile markets, cyber security challenges, regulatory pressures and a rapidly changing workforce. ABB's Automation Extended addresses these realities by enabling innovation with agility and pace without disruption to production, supporting advanced analytics and IoT integration, and simplifying operations for diverse skill levels. Operators can continue to rely on trusted ABB systems such as ABB Ability™? System 800xA®?, ABB Ability Symphony Plus and ABB Freelance, while introducing new technologies progressively and without operational interruption. This approach provides a structured, low risk path to modernization, preserving continuity while enabling innovation. The Automation Extended program is implemented through a modern, open and modular environment designed for interoperability, scalability and seamless integration across industrial domains. Based on separation of concerns principles, the automation ecosystem includes two distinct yet securely interconnected environments: The control environment, a software-defined domain that ensures robust, reliable and deterministic control for critical processes. The digital environment, securely connected to the control layer, enabling advanced applications, edge intelligence and real-time analytics. This space leverages artificial intelligence (AI) and machine learning for decision support without disturbing proven control structures. A single, unified and comprehensive automation service approach for ecosystem lifecycle management and optimization is applied for the management and maintenance of these diverse technological environments. By integrating new technologies such as an Open Platform Communications Unified Architecture (OPC UA) backbone and a Cloud-Native Architecture for managing both environments - leveraging containerization, orchestration and modular services - the ecosystem enables a broad spectrum of enhancements. These range from proactively detecting and correcting process anomalies to optimizing maintenance strategies through continuous condition monitoring of critical assets, and elevating engineering with efficient modular approaches ready for deployment across diverse hardware platforms. This architecture delivers scalability and agility while ensuring robust performance. Access to Automation Extended will be enabled through the next releases of ABB Abilitytm System 800xA, ABB Abilitytm Symphony Plus and AB B Freelance process automation systems. Tillkännagivande • Feb 02
ABB Ltd, Annual General Meeting, Mar 19, 2026 ABB Ltd, Annual General Meeting, Mar 19, 2026. Tillkännagivande • Dec 20
ABB Ltd (SWX:ABBN) signed an agreement to acquire Netcontrol Oy from Procuritas Capital Investors VI AB, managed by Procuritas Capital Investors VI Holding AB. ABB Ltd (SWX:ABBN) signed an agreement to acquire Netcontrol Oy from Procuritas Capital Investors VI AB, managed by Procuritas Capital Investors VI Holding AB on December 18, 2025. Following completion, Netcontrol will be integrated into ABB’s Electrification Business Area, Distribution Solutions division.
The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions.
Avance Attorneys Ltd. acted as legal advisor for Procuritas Capital Investors VI Holding AB. Tillkännagivande • Dec 16
ABB Ltd (SWX:ABBN) entered into an agreement to acquire IPEC Ltd. ABB Ltd (SWX:ABBN) entered into an agreement to acquire IPEC Ltd on December 16, 2025. IPEC Ltd has 70 employees.
The transaction is expected to close in the first quarter of 2026. Tillkännagivande • Dec 03
ABB Ltd (SWX:ABBN) completed the acquisition of Power electronics business of Gamesa Electric, S.a. ABB Ltd (SWX:ABBN) signed an agreement to acquire Power electronics business of Gamesa Electric, S.a. on December 18, 2024. The agreement includes the transfer of around 400 employees, two manufacturing plants located in Spain, as well as additional assets in the US, China, India and Australia. It does not include the generators business of Gamesa Electric.
For the period ending September 30, 2024, Power electronics business of Gamesa Electric reported total revenue of €170 million. The transaction is subject to antitrust, regulatory approvals and customary closing conditions and is expected to close in the second half of 2025. As of March 17, 2025, the transaction obtained antitrust approval.
ABB Ltd (SWX:ABBN) completed the acquisition of Power electronics business of Gamesa Electric, S.a. on December 2, 2025. For the period ending September 30, 2025, Power electronics business of Gamesa Electric reported total revenue of €145 million. Tillkännagivande • Nov 27
Blackstone Reportedly Nears $4 Billion Deal for MacLean Power Systems Blackstone Inc. (NYSE:BX) is nearing an acquisition of MacLean Power Systems (MacLean Power, LLC) in a deal that could value the utility-parts maker at more than $4 billion according to people familiar with the matter. The private equity firm may announce a purchase of MacLean from Centerbridge Partners (Centerbridge Partners, L.P.) as soon as next week, the people said, asking not to be identified discussing confidential information. Blackstone beat out other suitors including ABB Ltd. (SWX:ABBN), with the Swiss industrial giant deciding against increasing its offer for MacLean, some of the people said. While discussions are at an advanced stage, they could still be delayed or falter, the people said. Representatives for Blackstone, Centerbridge and ABB declined to comment. A spokesperson for MacLean couldn’t immediately be reached for comment. Tillkännagivande • Aug 27
ABB Ltd Launches New Labor and Space Saving Electrical Solutions to Enhance Data Center Infrastructure ABB Ltd. Installation Products developed new solutions to integrate easily and support growing demand for data capacity and electrical reliability, helping save labor and space. ABB's new Color-Keyed aluminum narrow-tongue, long-barrel, two-hole lugs help maximize uptime with a lightweight, economical alternative to traditional copper lugs. To further save time and space, ABB's T&B Liquidtight Systems cable entry plates streamline cable organization and routing while maintaining ingress protection. ABB's Ocal PVC-coated to PVC conduit adapters simplify transitioning between PVC-coated and PVC conduits. Larger loads. As data centers manage larger loads, their infrastructure requires complex wiring and hundreds to thousands of electrical lugs, depending on size. ABB's Color-Keyed aluminum narrow thetongue, long- barrel, two-hole lug weigh less than copper and eliminate post-installation crimping with pre-terminated wire connections, reducing space, weight, labor and operating costs. The narrow-tongue design facilitates the termination of larger gauge wires in tight spaces, while the chamfered barrel design minimizes wire hang-ups and maximizes crimping efficiency. Dual-rated for aluminum and copper conductors, just one lug accommodates a wide range of cable sizes. A pioneer in compression connectors for nearly 70 years, ABB's Color-Keying line is an color-coding system used by installers around the world for easy, reliable and precise installations. Designed for high-density applications, the cable entry plates offer scalability and flexibility to manage network additions, changes and migrations. Available in Type CEF Fixed and Type CEC configurable, the plates facilitate efficient entry of multiple cables into industrial enclosures with liquid-tight protection. The compact, highly efficient plate design can replace standard cable glands to speed installation and enhance organization and performance. Supporting terminated and unterminated cables, assembly operations are completed outside the enclosure. The ultra-flexible entrance membrane accommodates a wide range of Cable sizes and has a reliable seal to maintain ingress protection, even in the absence of cables. Creating a seamless transition between PVC-coated rigid metallic conduit (RMC) and schedule 40 or 80 rigid PVC conduits, the Ocal adapter helps ensure a robust connection for conduits transitioning power from underground to above ground. Beneficial for fast-paced data center demands, this consistent installation method enables contractors to complete projects correctly and confidently. ABB Installation Products remains at the forefront of extensively tested and proven cable management and protection solutions. In recent years, ABB has invested over $100 million to enhance U.S. operations, increasing manufacturing, driving innovation and sustainability, and bringing products closer to customers. ABB's new data center solutions are available through electrical distributors nationwide. For ABB's T&B liquidtight Systems CEF series, ABB's T& B Liquidtight Systems CEF series, and will be available through electrical distributors nationwide. Tillkännagivande • Jul 02
ABB Reveals the Next Generation of Its Air Circuit Breakers, the SACE Emax 3 ABB has revealed the next generation of its air circuit breaker, the SACE Emax 3. Aimed at large facilities with high power demands, including data centers, advanced manufacturing sites and critical infrastructure including hospitals and airports, the innovative Emax 3 is designed to address increased concerns about grid stability, cybersecurity, and the surging power needs of Artificial Intelligence (AI) in data centers. The successor to the Emax 2 smart circuit breaker, the Emax 3 introduces cutting-edge technology to minimize the risk of power outages. Featuring the industry's most accurate power sensors and data analytics, the Emax 3 collects and analyses real-time data from the electrical system, including power usage, system health, and environmental conditions such as temperature. This information is shared remotely or on the Emax 3 touchscreen, offering users real-time insights, warnings, and recommendations for precise maintenance. Tillkännagivande • May 22
ABB Ltd (SWX:ABBN) signed an agreement to acquire 93% stake Brightloop. ABB Ltd (SWX:ABBN) signed an agreement to acquire 93% stake Brightloop on May 21, 2025. As part of the agreement, ABB will acquire an initial 93% controlling interest in BrightLoop, and expects to acquire the remaining 7% minority interests in 2028. BrightLoop’s management team will remain a key part of the business and will be critical to its success under ABB’s ownership. BrightLoop employs around 90 people and generated revenues of approximately €16 million in 2024. The transaction is, subject to regulatory approvals and customary closing conditions. The transaction is expected to close in Q3 2025 Tillkännagivande • May 21
ABB Introduces Battery Energy Storage Systems-As-A-Service to Simplify Renewable Energy Adoption ABB announced the launch of its new Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service) - a flexible, zero-CapEx solution designed to accelerate the shift to clean, resilient and affordable energy. BESS-as-a- Service is the first in a range of next generation service models being developed by ABB to remove the barriers to clean technology adoption and accelerate industries' transition to net zero. With demand for energy storage expected to surge, ABB's BESS-as-a,Service offers companies a turnkey path to energy independence and sustainability. The International Energy Agency (IEA) projects a sixfold increase in global storage capacity by 20301, with commercial and industrial systems alone expected to surge nearly tenfold to 560 GWh - underscoring the critical role of battery energy storage in enabling cleaner, more resilient power systems2. Requiring no upfront capital investment, BESS-as-a - enables companies spanning a wide range of industries - from data centers to transport and logistics to commercial buildings - to benefit from advanced energy storage through a quarterly service fee. The offer includes all hardware, software and lifecycle support, with ABB managing deployment, maintenance and optimization so businesses can focus on their core operations while improving energy efficiency, resilience and long-term sustainability. Designed to be technology-agnostic, Bess-as-a-Service works with any type of battery technology, giving customers the flexibility to take advantage of the latest innovations without being tied to a single system. BESS-as-as-a-Service is underpinned by performance guarantees, as well as coverage for maintenance costs and energy trading brokerage fees. By shifting from capital expenditure to a more predictable operational expenditure approach, ABB's BESS - enables businesses to immediately strengthen their energy security, slash peak demand charges, and generate new revenue streams. The company see BESS-as-a/Service as not just a new offering but a strategic lever for the Division's growth and innovation. This evaluation is a prerequisite for installation, ensuring that customers can achieve net financial advances from day one. Feasibility studies to date have concentrated on the following segments: For an EV charge point operator in Ireland, BESS-as- a solution to overcome the limitations of its grid connection and deliver fast charging. ABB's approach will be able to support up to 1MW of EV fast charging, enabling the operator to generate at least 75% in additional revenue through the sale of excess power to the grid. A UK-based commercial business park aims to mitigate against rising electricity prices by maximizing use of its existing solar PV system into a revenue-generating asset by integrating BESS-as-a. This could potentially result in an 80% reduction in energy costs and up to PS92,500 in additional annual revenue from energy trading and ancillary grid services. A UK logistics warehouse facing frequent power disruptions is turning to BESS-as-a the net benefit is expected to exceed PS2 million, all while supporting a cleaner, more stable energy future. To strengthen its BESS-as-a of EV fast charging, ABB has partnered with a diverse, strategic ecosystem of expert partners bringing strength in the latest energy monitoring software, data analytics and financial modelling. Tillkännagivande • May 13
ABB Reportedly Weighs Sale of Robotics Arm as Alternative to Spinoff ABB Ltd. (SWX:ABBN) is exploring a potential sale of the robotics unit, which could be worth more than $3.5 billion, as an alternative to the main spinoff plan, according to people familiar with the matter. The Swiss industrial giant is close to appointing advisers for a sale as well as the listing, which it announced last month, the people said, asking not to be identified because the talks are private. The business could be worth about $3.5 billion, in line with analyst estimates, or as much as $5 billion, some of the people said. If ABB pursues a sale instead of the preferred option of a spinoff, the unit could attract interest from private equity firms, the people said. “Should ABB be approached, it is the duty of the executive committee and board to thoroughly evaluate all proposals,” the company said in an emailed statement in response to Bloomberg News query. However, “we believe that a spinoff is the best option to optimize the respective companies’ abilities to create customer value.” ABB in April said it plans to spin off and list the robotics unit in the second quarter of 2026. It was one of the first major strategic moves by the firm’s new Chief Executive Officer Morten Wierod who took the helm at the company in August last year. The spinoff, if successful, will see ABB shareholders receive stock in the future listed company. The plan is to list the business in Sweden or Switzerland, though the Swiss manufacturer has not excluded other venues. Tillkännagivande • Apr 19
Abb Ltd Provides Earnings Guidance for the Second Quarter and Full Year 2025 ABB Ltd. provided earnings guidance for the second quarter and full year 2025. For the second quarter of 2025, the company anticipated comparable revenue growth in the mid-single digit range, and the Operational EBITA margin to remain broadly stable with last year’s 19.0%.
For the full-year 2025, The company expects a positive book-to-bill, comparable revenue growth in the mid-single digit range and the Operational EBITA margin to improve year-on-year, however acknowledging the increased uncertainty for the global business environment. Tillkännagivande • Feb 28
ABB Ltd, Annual General Meeting, Mar 27, 2025 ABB Ltd, Annual General Meeting, Mar 27, 2025, at 10:00 W. Europe Standard Time. Location: at halle 550, birchstrasse 150, 8050 zurich, Switzerland Tillkännagivande • Feb 27
ABB Ltd Proposes Dividend, Payable on April 2, 2025 ABB Ltd. announced at annual general meeting to be held on March 27, 2025, the Board of Directors proposes that out of the earnings available to the Annual General Meeting, a dividend of CHF 0.90 gross per registered share be distributed. The first trading day ex-dividend is expected to be March 31, 2025. The payout date in Switzerland is expected to be April 2, 2025. The Swiss withholding tax of 35% will be deducted from the gross dividend amount. Tillkännagivande • Feb 03
ABB Ltd (SWX:ABBN) announces an Equity Buyback for $1,500 million worth of its shares. ABB Ltd (SWX:ABBN) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of shares. The purchase price per share will not exceed the higher of the price of the last independent trade on the ordinary trading line on the SIX Swiss Exchange and the highest current independent bid price on the ordinary trading line on the SIX Swiss Exchange. The purpose of repurchase program is capital reduction. The repurchased shares will be cancelled or will be used in connection with its employee share plans. The repurchase program will continue through January 28, 2026. As of February 3, 2025, the company has 24,126,671 shares in treasury. Tillkännagivande • Jan 22
ABB Ltd (SWX:ABBN) agreed to acquire Sensorfact B.V. from FORWARD.ONE Management B.V., Korys Investments NV, SET Ventures and Blume Equity. ABB Ltd (SWX:ABBN) agreed to acquire Sensorfact B.V. from FORWARD.ONE Management B.V., Korys Investments NV, SET Ventures and Blume Equity on January 21, 2025.
The expected completion of the transaction is January 21, 2025 to March 31, 2025. Tillkännagivande • Jan 15
ABB Ltd (SWX:ABBN) acquired Coulomb Inc. from ABB Technology Ventures. ABB Ltd (SWX:ABBN) acquired Coulomb Inc. from ABB Technology Ventures on January 14, 2025.
ABB Ltd (SWX:ABBN) completed the acquisition of Coulomb Inc. from ABB Technology Ventures on January 14, 2025. Tillkännagivande • Dec 19
ABB Ltd (SWX:ABBN) agreed to acquire Gamesa Electric, S.a. from Siemens Gamesa Renewable Energy, S.A. ABB Ltd (SWX:ABBN) agreed to acquire Gamesa Electric, S.a. from Siemens Gamesa Renewable Energy, S.A. on December 18, 2024. For the period ending September 30, 2024, Gamesa Electric, S.a. reported total revenue of €170 million. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is July 1, 2025 to December 31, 2025. Tillkännagivande • Dec 11
ABB Ltd (SWX:ABBN) agreed to acquire an unknown minority stake in ESS Engineering Software Steyr GmbH. ABB Ltd (SWX:ABBN) agreed to acquire an unknown minority stake in ESS Engineering Software Steyr GmbH on December 9, 2024. ABB will integrate ESS’s technology into ABB’s RobotStudio®, the world’s most popular offline programming and simulation tool for robotic applications, available on desktop, cloud and AR platforms. Tillkännagivande • Nov 20
Abb Launches Next-Generation Medium Voltage Drive, Designed to Enhance Industrial Performance and Reliability ABB has launched the ACS8080, its newest medium voltage air-cooled drive. The new drive represents an evolution, building on over 50 years of experience in delivering drives to industrial applications and bringing reliability, performance, and flexibility to the next level due to innovative motor control, versatile design, and digital capabilities. The converter can achieve up to 98% efficiency, targeting optimal performance for the entire drive system. The new motor control technology MP3C pushes efficiency and motor friendliness to the limit, while preserving the dynamic performance and robustness of the predecessor DTC. It also reduces harmonic distortions by around 50% compared to classic control and modulation schemes, thereby extending equipment lifetime and achieving energy savings. Designed for versatility and ease of integration, the new ACS8080 easily adapts to a wide range of applications and industries. The modular and flexible design includes the possibility of utilizing an external transformer and selecting a sine filter option, making it an optimal match not only for new applications, but also for retrofitting existing drive systems or direct online machines. A high degree of flexibility is also possible due to the advanced digital features: the integration of the open software platform, Crealizer, into the ABB drive operating system allows for advanced programming capabilities that enable the rapid development and deployment of innovative application-specific functionalities, reducing reliance on external controllers. The leaner design of the ACS8080 translates into a lower number of components than its predecessors, increasing reliability but also simplifying maintenance and service processes. For this new drive, being reliable also means being able to withstand extreme conditions, and this has been tested through rigorous accelerated lifetime tests carried out in the ABB Drives testing facility in Estonia, simulating 20 years of operations. Enhanced sensing capabilities and a next generation control hardware enable the collection of up to 10 times more diagnostic data for better and faster monitoring solutions. The new ABB Connectivity Edge Gateway allows connectivity whether on premises or to the cloud, making it an optimal fit for many digital needs. The built-in sensing solutions enable Asset Health and Performance Management capabilities, reliability monitoring, and data supported inspection for faster troubleshooting and failure detection. Fully embedded in the new drive are advanced safety and protection systems designed to prevent foreseeable hazardous situations and effectively manage unexpected ones. The new ACS8080 is developed to protect against unauthenticated access, malicious firmware, data breaches, and insecure connectivity allowing customers to benefit from all modern digital capabilities. Tillkännagivande • Nov 06
ABB Ltd (SWX:ABBN) agreed to acquire Aurora Motors. ABB Ltd (SWX:ABBN) agreed to acquire Aurora Motors on November 5, 2024. Aurora Motors expertise will be integrated in ABB's NEMA Motors Division. The transaction is expected to be closed before the end of the 2024 financial year. Tillkännagivande • Nov 05
ABB and Niedax Group Announce Executive Leadership Team for Abnex, Inc ABB and Niedax Group announce completion of joint venture with the formation of Abnex Inc. This joint venture’s executive leadership team and board of directors have been structured to equally represent both parent companies. Cornelius Steele, Executive Board Member Niedax Group, will lead the joint venture as President and CEO, and Cyrill Scholer, Senior Finance Executive, ABB Installation Products Division, will serve as Chief Financial Officer. The Board of Directors will include: Bruno Reufels, CEO of Niedax Group, who will serve as Chairman; Khalid Mandri, President of ABB Installation Products, who will serve as Deputy Chair; and Michael Shenouda, Canada Region Leader, ABB Installation Products Division. In addition to his role as President and CEO of Abnex Inc., Cornelius Steele will also serve on the Board of Directors. Tillkännagivande • Oct 17
ABB Ltd Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024 ABB Ltd. provided earnings guidance for the fourth quarter and full year of 2024. In the fourth quarter of 2024, the company anticipates a low to mid-single-digit comparable revenue growth and the historical pattern to repeat for a negative book-to-bill and a sequentially lower Operational EBITA margin.
In full-year 2024, the company expects a positive book-to-bill, comparable revenue growth to be below 5% and the Operational EBITA margin to be slightly above 18%. Tillkännagivande • Aug 27
ABB Ltd (SWX:ABBN) agreed to acquire Dr. FÖDisch Umweltmesstechnik Ag. ABB Ltd (SWX:ABBN) agreed to acquire Dr. FÖDisch Umweltmesstechnik Ag on August 27, 2024. For the period ending December 31, 2023, Dr. FÖDisch Umweltmesstechnik Ag reported total revenue of €50 million. The transaction is subject to customary closing conditions, and is expected to close before the end of the year. Tillkännagivande • Jun 08
ABB Reportedly Mulls Sale of Some Electric Mobility Assets ABB Ltd. (SWX:ABBN) is considering selling part of its E-mobility business, which includes electric-vehicle charging stations worldwide as well as research and development facilities in China, according to people familiar with the matter. The Swiss firm is working with China International Capital Corp. on a possible sale and has sounded out potential buyers, the people said. Chinese companies looking to expand globally have shown preliminary interest, the people said, asking not to be identified discussing private information. A sale process could start this month and the business might fetch anything between $100 million and $200 million, the people said. Deliberations are ongoing and ABB may decide not to go ahead with a sale, the people said. The portfolio of assets includes ABB E-mobility’s direct current charger business in China and its global alternating current charger operations, the people said. Representatives for ABB and CICC declined to comment. Tillkännagivande • May 23
ABB Appoints New Business Area Presidents, Effective August 1, 2024 ABB announced the appointment of Giampiero Frisio as the new President of its Electrification Business Area and Brandon Spencer as the new President of its Motion Business Area. Both will take over their new roles and join ABB's Executive Committee on August 1, 2024. Giampiero Frisio, Division President Smart Power (Electrification Business Area) since 2018, will succeed Morten Wierod who, as announced previously, will become ABB's new CEO as of August 1, 2024. Giampiero joined ABB in 1995 and has held numerous managerial positions in roles ranging from operations to marketing and sales. From January 2011 to November 2018, he was the Managing Director for Protection and Connection Business Unit, Electrification Products. He holds a Master's degree in Electrical Engineering from Pavia University in Italy. Giampiero is an Italian citizen. Brandon Spencer, Division President Energy Industries (Process Automation Business Area) since 2020, will succeed Tarak Mehta, who as announced previously, will leave ABB to assume the role of CEO of Timken Group after more than 25 years with ABB. Brandon joined ABB in 2006 and has held a range of leadership roles with a focus on the energy sector. Between 2018 and 2020, he was Global Managing Director for ABB Process Industries. Prior to joining ABB, Brandon held various roles at Siemens Power Generation. He holds a bachelor's degree in Economics and a Masters' degree in Business Administration from the Crummer School of Business at Rollins College in Winter Park, Florida. Brandon is a US citizen. As of August 1, 2024, ABB's Executive Committee will consist of: Morten Wierod (Chief Executive Officer), Timo Ihamuotila (Chief Financial Officer), Carolina Granat (Chief Human Resources Officer), Karin Lepasoon (Chief Communications and Sustainability Officer), Giampiero Frisio (President, Electrification), Peter Terwiesch (President, Process Automation), Brandon Spencer (President, Motion) and Sami Atiya (President, Robotics & Discrete Automation). In addition, Mathias Gaertner will join the Executive Committee latest on October 1, 2024 as General Counsel and Company Secretary. Tillkännagivande • Apr 23
ABB Installation Products Introduces First Cable Protection Systems Made from Recycled Fishing Nets ABB Installation Products introduced one of the industry's first cable protection systems made from recycled fishing nets. To help address dangerous marine pollution, ABB Installation Products pioneered cable protection crafted from 50% recycle-based polyamide using primarily recovered fishing nets. A sustainable alternative to conventional plastic-based systems used to protect critical power and data cables, ABB's PMA® EcoGuard™ PA6 RPPA conduit requires less energy and water to produce, reducing 30% of upstream Scope 3 greenhouse gas emissions and 50% of net freshwater use. High-performance wire and cable protection is essential to powering electrical systems and production environments safely and reliably. PMA EcoGuard PA6 RPPA conduit, part of ABB's Eco Solutionstm line of innovative and sustainable solutions, complies with a set of key performance indicators defined in ABB's circularity framework and carries an external, third-party verified Lifecycle Assessment (LCA, Type III). Transforming discarded ocean fishing nets into technically advanced cable protection To lower Scope 3 emissions and make this innovation possible, ABB partnered with Envalior, a global leader in sustainable and high-performance engineering materials. ABB leveraged its nearly 50 years of cable and conduit technology and dedicated circularity approach with Envalior's deep materials expertise. Through this collaboration, ABB's PMA EcoGuard cable protection solutions have been engineered for strength, durability, compatibility and recyclability across a range of applications, including machine building, renewable energy, telecommunications and infrastructure. ABB's PMA Eco Guard cable protection products include Envalior's Akulon® RePurposed, a 100% recycled-based polyamide made of fishing nets recovered from coastlines. In addition to benefitting local economies and the environment, the Akulon RePurposed compound is UL2809 ECVP-certified for Ocean-Bound Plastic (OBP) content and employs production processes that result in a 70% lower carbon footprint than similar fossil-based nylon 6 materials. Made of high-grade polymer, ABB's new PMA EcoGuard PA6 cable protection system meets the European Union's (EU) environmental REACH regulations and the EU's RoHS standards for hazardous waste restrictions. For nearly half a century, ABB's PMA solutions have been used to protect data and electrical cables and wires from damage caused by strain, stress and extreme conditions in commercial and industrial applications. Designed for demanding installations, the new line includes three products: PMA® EcoGuardtm PA6 RPPA conduit, a flexible and lightweight corrugated nylon conduit that is UV and weather-resistant; BRND fittings help prevent liquid and dust ingress and are IP66 rated; and compact, one-piece BFHRP conduit holder lends support and adjusts for easy installation and maintenance. PMA cable and conduit solutions are tested, produced and packaged in recyclable materials at ABB's Uster, Switzerland facility and available globally. Tillkännagivande • Apr 19
ABB Ltd Provides Revenue Guidance for the Second Quarter and Full Year 2024 ABB Ltd. provided revenue guidance for the second quarter and full year 2024. In the second quarter of 2024, the company anticipated a mid-single-digit comparable revenue growth year-on-year and the Operational EBITA margin to be slightly higher than in the first quarter 2024.In full-year 2024, the company expected a positive book-to-bill, comparable revenue growth to be about 5% and the Operational EBITA margin to be about 18%. Tillkännagivande • Mar 22
ABB Ltd Approves Dividend, Payable on March 27, 2024 ABB Ltd. announced that the shareholders supported the proposed distribution of an increased dividend of CHF 0.87 per share. The dividend payment in Switzerland is planned for March 27, 2024. Tillkännagivande • Feb 23
ABB Ltd Announces Chief Executive Officer Changes The ABB Board of Directors appointed Morten Wierod as Chief Executive Officer. He will take office on August 1, 2024, and succeed Björn Rosengren, who will step down from his position as Chief Executive Officer effective July 31, 2024, and retire as of December 31, 2024. From August 1, 2024, until the end of the year, Björn Rosengren will advise and assist Morten Wierod and the Executive Committee to ensure a seamless transition. Morten Wierod (52), a Norwegian citizen, has been appointed by the Board following a thorough selection process. He joined ABB in 1998 and has been serving as a member of ABB's Executive Committee since 2019, currently as President of the Electrification Business Area and previously as President of the Motion Business Area. Morten Wierod holds a Master's Degree in Electrical Engineering from the Norwegian University of Science and Technology. Tillkännagivande • Feb 16
ABB Ltd (SWX:ABBN) entered into an agreement to acquire SEAM Group, LLC from Align Capital Partners, LP. ABB Ltd (SWX:ABBN) entered into an agreement to acquire SEAM Group, LLC from Align Capital Partners, LP on February 16, 2024. The transaction is subject to regulatory approvals and expected to close in Q3 2024. Tillkännagivande • Feb 02
Abb Ltd Provides Earnings Guidance for the First Quarter and Full Year 2024 ABB Ltd. provided earnings guidance for the first quarter and full year 2024. For the first quarter, company anticipate a low single-digit growth year-on-year in comparable revenues.For the full year 2024, The company anticipates a comparable revenue growth of about 5%. Tillkännagivande • Jan 09
ABB Ltd (SWX:ABBN) agreed to acquire Real Tech Inc. ABB Ltd (SWX:ABBN) agreed to acquire Real Tech Inc. on January 8, 2024. Transaction is expected to close in Q1 2024. Tillkännagivande • Oct 31
ABB Ltd Announces Management Changes ABB Ltd. announced that Mathias Gaertner has been appointed General Counsel and Company Secretary and a Member of the Executive Committee. He will join ABB in 2024 and succeed Natalia Shehadeh, who has held the position of General Counsel and Company Secretary ad interim since June 1, 2023, and who in the future will focus on her role as Chief Integrity Officer of ABB. Natalia will remain in her ad interim position until Mathias has joined ABB. German national, Mathias has a strong track record of managing international M&A transactions, litigations, IP and compliance. He is currently Head Legal & Compliance of global construction materials company Holcim and has been a member of its Group Executive Committee since 2021. Prior to that, he spent 10 years at Honeywell Building Technologies, most recently as General Counsel, playing an instrumental role in the business' growth. He has also worked for law firms Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates and Baker & McKenzie. Mathias studied at the University of Münster, Germany, where he obtained his PhD, and is admitted to the German bar. Tillkännagivande • Oct 19
ABB Ltd Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023 ABB Ltd. provided earnings guidance for the fourth quarter and full year of 2023. In the fourth quarter of 2023, The company anticipates low- to mid-single digit comparable revenue growth.In full-year 2023, The company anticipates comparable revenue growth to be in the low teens range. Tillkännagivande • Jul 22
ABB Ltd Provides Earnings Guidance for the Third Quarter and Full Year 2023 ABB Ltd. provided earnings guidance for the third quarter and full year 2023. For the quarter, the company expects a low double-digit comparable revenue growth.For the full year, the company expects comparable revenue growth to be at least 10%. Tillkännagivande • Jun 14
ABB Ltd (SWX:ABBN) acquired Eve Systems GmbH. ABB Ltd (SWX:ABBN) acquired Eve Systems GmbH on June 12, 2023. The acquisition is effective immediately with Eve Systems becoming an independently operated brand in the Building and Home Automation Solutions portfolio within ABB Electrification’s Smart Buildings Division.ABB Ltd (SWX:ABBN) completed the acquisition of Eve Systems GmbH on June 12, 2023. New Risk • Jun 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (121% cash payout ratio). Profit margins are more than 30% lower than last year (9.7% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Significant insider selling over the past 3 months (US$5.7m sold). Tillkännagivande • May 05
ABB Ltd (SWX:ABBN) acquired Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE). ABB Ltd (SWX:ABBN) signed an agreement to acquire Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE) on August 11, 2022. Acquisition of Low voltage NEMA motor business of Siemens Aktiengesellschaft and PowerTech Converter acquisition were announced with a combined value of approximately $125 million. In 2021, the business generated revenues of $63 million. The business employs around 600 people. The transaction is expected to close in the second quarter of 2023. Lazard acted as financial advisor to Siemens. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to ABB Ltd.
ABB Ltd (SWX:ABBN) completed the acquisition of Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE) on May 3, 2023. The line of horizontal and vertical induction severe duty and general purpose motors will be re-branded as ABB and reintroduced to the market during second quarter of 2023. Tillkännagivande • Feb 02
ABB Ltd Announces Stepping Down of Satish Pai from the Board ABB Ltd. announced that current member Satish Pai will step down from the Board. Tillkännagivande • Jan 22
AcBel Polytech Inc. entered into an agreement to acquire Power Conversion division of ABB Ltd from ABB Ltd for $505 million. AcLeap Power Inc. entered into an agreement to acquire Power Conversion division of ABB Ltd from ABB Ltd for $505 million on January 20, 2023. AcLeap Power Inc. will acquire Power Conversion division for aggregate consideration of $505 million in an all-cash deal. The transaction is expected to be funded by a combination of funding sources including corporate funds and debt financing. The transaction is subject to regulatory approvals. Regulatory approvals required to be obtained for the transaction include United States (CFIUS) and Taiwan investment commission approvals. The transaction is expected to close in the second half of 2023. The transaction will enable AcBel to strengthen its product portfolio, grow its customer base and enhance its local research development, manufacturing, commercial, and service capabilities in the United states. The estimated reasonable equity value of the Power Conversion division is in a range between $503 million and $556 million. The purchase price is deemed fair. Power Conversion division generated revenues of approximately $440 million and Income from operations of approximately $54 million in 2022. Morgan Stanley acted as the exclusive financial advisor to AcBel, Sullivan & Cromwell LLP acted as the legal advisor to AcLeap Power Inc. and Covington & Burling LLP acted as the legal counsel in relation to the Committee on Foreign Investment in the United States (CFIUS) matters on the transaction to AcBel Polytech Inc. Citigroup Inc. (NYSE:C) acted as financial advisor and Milbank LLP acted as legal advisor to ABB Ltd. Meng-Ta Wu of Crowe Horwath (TW) CPAs, Investment Banking Arm provided independent expert opinion on the reasonableness of the share exchange ratio, cash or other assets allotted to shareholders in this merger and acquisition Tillkännagivande • Jan 06
TÜV Rheinland AG signed an agreement to acquire UK technical engineering consultancy business from ABB Ltd (SWX:ABBN). TÜV Rheinland AG signed an agreement to acquire UK technical engineering consultancy business from ABB Ltd (SWX:ABBN) on January 5, 2023. ABB's technical engineering consultancy will be integrated into the Industrial Services and Cybersecurity business of TUV Rheinland in United Kingdom. The transaction is expected to close in Q2 2023. Tillkännagivande • Oct 21
ABB Ltd to Report Q3, 2023 Results on Oct 18, 2023 ABB Ltd announced that they will report Q3, 2023 results on Oct 18, 2023 Tillkännagivande • Jul 21
ABB Ltd to Report Fiscal Year 2022 Results on Feb 02, 2023 ABB Ltd announced that they will report fiscal year 2022 results on Feb 02, 2023 
