ABB India expands its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. The new line will produce drives ranging from 75 kW to up to 250 kW and will cater to all major industrial segments. ABB’s variable speed drives are used to control the speed of…
Parason, one of the largest manufacturers & suppliers of pulp and paper machinery has collaborated with ABB in India to automate and up-scale production of sustainable and compostable packaging solutions. The collaboration has been established to help Parason’s customers reduce their reliance on single-use plastics and Styrofoam packaging. These molded fiber tableware products are widely…
ABB, a technology leader in electrification and automation, has reached an agreement to sell its Power Conversion division to AcBel Polytech Inc. for $505 million in cash. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2023. Upon closing, ABB expects to record a small non-operational book…
ABB, a global technology company, has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between…
ABB has announced that it has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated, for $2.9 billion in cash. According to a statement, the transaction will create a manufacturer of highly engineered, performance-critical bearings and motion control components. The transaction is expected to be completed by the…
ABB, a global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future, has announced that Carolina Granat is to succeed Sylvia Hill as Chief Human Resources Officer and member of the Executive Committee, effective January 1, 2021. Granat currently serves as ABB’s Global Head of People Development,…
ABB and IBM announced a collaboration focused on connecting cybersecurity and operational technology (OT). As a first result of this collaboration, ABB has developed a new OT Security Event Monitoring Service1 that combines ABB’s process control system domain expertise with IBM’s security event monitoring portfolio to help improve security for industrial operators. To better connect…
ABB India announced the launch of eMart, an online marketplace portal, which will offer more than 6,000 products from its Electrification Business for home and industrial buyers. According to the Company’s press statement, the B2B & B2C platform will be the first of its kind in the industry, owing to its dynamic, price transparent model.…
ABB, one the leading suppliers of robot, robot systems and machine & factory automation solutions, announced that it has opened a new facility in Bengaluru. Spread over 3,600 sq.m at the ABB Nelamangala factory premises in Bengaluru, the new facility will enable ABB India to deliver robotic applications and digital solutions for a variety of…
Swiss-Swedish-based automation company ABB recently announced that it has appointed Theodor Swedjemark as the company’s Chief Communications Officer. Theodor will join the Executive Committee of ABB as of August 1, 2020. He has held the position on an interim basis since March 1, 2020. Swedish-national Theodor has been at ABB since 2006. He joined the…
ABB announced that it will deliver the largest automation projects in the Indian agro-chemical industry for Deccan Fine Chemicals, a leading chemical manufacturer in India. This mission critical automation and safety system controls over 100 reactors at the largest multi-product plant, at their SEZ facility in Tuni, Andhra Pradesh. Deccan Fine Chemicals currently has three…
Hitachi, Ltd. the Japanese multinational conglomerate company headquartered in Tokyo, today announced that it has decided to acquire the world-leading power grids business from Switzerland based ABB Ltd and has signed an agreement with ABB. The firm plans to initially acquire an 80.1% stake in the Power Grids business and expects to close the acquisition…
ABB, the Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics, power, heavy electrical equipment and automation technology areas announced today that the firm had won an order worth Rs 115 crore from Indian Railways to supply traction transformers. The order has been awarded by Diesel Locomotive Works, Varanasi, ABB said in a…