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ABB

ABB provides power and automation technologies for the utility, transport and infrastructure industries. Read more

Bjorn Rosengren's photo - President & CEO of ABB

President & CEO

Bjorn Rosengren

CEO Approval Rating

75/100

Founded:

1883

Status:

PublicIndependent CompanySIX Swiss ExchangeABB

ABB TOP COMPETITORS OR ALTERNATIVES

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Emerson Electric is ABB's top competitor. Emerson Electric is a Public company that was founded in Saint Louis, Missouri in 1890. Emerson Electric operates in the Electrical Components & Equipment industry. Emerson Electric has 21,830 fewer employees vs. ABB.

Honeywell has been one of ABB's top competitors. Honeywell is headquartered in Charlotte, North Carolina, and was founded in 1906. Honeywell is in the Electrical Components & Equipment field. Honeywell generates 121% the revenue of ABB.

Valmet is perceived as one of ABB's biggest rivals. Valmet was founded in 1951 in Espoo, Southern Finland. Valmet competes in the Industrial Machinery & Equipment field. Valmet generates $22.2B less revenue than ABB.

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ABB Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$26.8B

ABB's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 24.2B. Over the last four quarters, ABB's revenue has grown by 12.1%. Specifically, in Q1 2021's revenue was $6.9B; in Q4 2020, it was $7.2B; in Q3 2020, it was $6.6B; in Q2 2020, ABB's revenue was $6.2B.

ABB Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Codian Robotics B.V.

Oct 2020

Source »
undisclosed
Codian Robotics is a delta robot producer that designs pick and place robots for beverage, pharmaceutical and logistics sectors.
Cylon Controls Limited

Mar 2020

Source »
undisclosed
Cylon provides building automation, energy management and HVAC control solutions for the commercial sector.
Cassantec AG

Nov 2019

Source »
undisclosed
Cassantec is a provider of equipment condition monitoring, malfunction risk analysis and prognostic solutions for the industrial sector.

-

Shanghai Chargedot New Energy Technology Co., Ltd

Oct 2019

Source »
undisclosed
-
AB Rotech

Jul 2018

Source »
undisclosed
-

These are all the companies that ABB has acquired. ABB has acquired 37 companies and its latest acquisition was Codian Robotics B.V. in Oct 2020. Codian Robotics is a delta robot producer that designs pick and place robots for beverage, pharmaceutical and logistics sectors.

ABB Funding History

No recent funding data found related to ABB

ABB Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

ATOM Power designs and manufactures solid-state circuit breakers and electrical panelboards for power distribution.
$17.8M
May 20, 2020
Series B
-
Everactive designs and develop wireless sensors that collects and analyzes data on physical equipment and infrastructure for industrial applications.
$30M
Jun 18, 2019
Series C
-
Automata designs and develops a tabletop robotic arm for the industrial sector.
$7.4M
Mar 18, 2019
Series A
-
ViON specializes in providing IT infrastructure, cloud, information security and data analytics solutions.
$20M
Dec 07, 2017
Series B
-
VionTech is a SaaS-based platform that offers image recognition and intelligent solutions for the retail sector.
$20M
Dec 07, 2017
Series B
-

These are all the companies that ABB has invested in. ABB has invested 37 companies and its latest investment was Codian Robotics B.V. in Oct 2020. Codian Robotics is a delta robot producer that designs pick and place robots for beverage, pharmaceutical and logistics sectors.

ABB News

June 15, 2021TechCrunch

G2VP VC raises $500 million to fund sustainable tech

G2 Venture Partners, a firm that spun out of Kleiner and Perkins Caufield & Byers, has raised $500 mi... See more »
June 12, 2021BW BUSINESSWORLD

ABB India Board Reappoints Sanjeev Sharma As MD

Prior to his appointment as Managing Director of the company, Sharma held the position of Global Mana... See more »
June 11, 2021Chemical Engineering

Axpo and ABB pursue green-hydrogen projects in Italy

Renewable energy provider Axpo Holding AG (Baden, Switzerland) and ABB, Inc. (Zurich, Switzerland) a... See more »
June 9, 2021PortNews

ABB future-proofs sustainable operation of Monterey Bay ocean research vessel

ABB to equip MBARI's new flagship vessel with leading-edge solutions for sustainable yet maximum perf... See more »
June 9, 2021Bunker Ports News

Celebrating 30 years of Azipod electric propulsion

As Azipod® propulsion enters its fourth decade of production, the latest episode of the ABB DECODED p... See more »
June 9, 2021MarketScreener

launches first European Pulp and Paper Tour at ZELLCHEMING, Germany

(marketscreener.com) ABB launches first European Pulp and Paper Tour at ZELLCHEMING, Germany Press re... See more »

ABB Blogs

February 8, 2017ABB Blog

Engineers save the world

Through improvements in energy efficiency, global fossil fuel consumption for power generation could ... See more »
February 3, 2017ABB Blog

Dancing in the air

Over 200 elite proflyers are showing off their indoor skydiving skills at the Wind Games 2017 in Spai... See more »
February 3, 2017ABB Blog

Looking behind the scenes of a product launch

Jörn Kruse, Global Product Manager for Building Automation, answering questions about his job... See more »
February 1, 2017ABB Blog

Don't just settle for IE3 motors when more is on offer

New MEPS regulations have some significant implications for everyone in the supply chain.... See more »
January 23, 2017ABB Blog

ABB's plug and play string combiners for photovoltaic solar installations.

ABB has developed a system that remotely monitors each string of solar modules for obstructions or ev... See more »
January 23, 2017ABB Blog

ABB at WEF 2017: leadership and employment in times of digital revolution

A strategic partner with WEF, ABB plays a leading role in the high-level annual event in Davos.... See more »

ABB Press Releases

April 19, 2021PRWeb

ABB Delivers High Current and Power Density for Compact IT Equipment with MicroDLynx II

60-Amp DC-DC converter helps power networking equipment in 5G, IT and Industrial Internet of Things a... See more »
April 16, 2021News n Releases

AFC Energy announces ABB investment, partnership in global data centre market

The agreements, which do not involve licensing ABB or AFC Energy's background technology, reflect a c... See more »
April 7, 2021PRZOOM

ABB to Supply Automated Paper Testing Solution to Drive Efficiencies At Mets Board Mills in Finland

PRZOOM - Newswire (press release) - Wed, 07 Apr 2021 00:00:00 -0400, Westerville, OH United States - ... See more »
March 25, 2021Newswire Today

New ABB Ability Performance Optimization Service for Cold Rolling Mills Unlocks Greater Levels of Productivity, Quality and Yield

NewswireToday (newswire) - Thu, 25 Mar 2021 00:00:00 -0400 Zurich, Switzerland - Digital solution com... See more »
March 24, 2021Newswire Today

ABB Robots Boost Productivity At Nestl's Brazilian Plants by Over 50 Percent

NewswireToday (newswire) - Wed, 24 Mar 2021 00:00:00 -0400 Zurich, Switzerland - ABB's SafeMove colla... See more »
March 22, 2021Oil and Gas Press

ABB supporting sustainable manufacturing in China

ABB unveiled a new solar power generation and renewable energy integration system at its manufacturin... See more »
February 26, 2021PRZOOM

ABB Lights Up e-Mobility in Diriyah

PRZOOM - Newswire (press release) - Fri, 26 Feb 2021 00:00:00 -0500, Zurich Switzerland - Season 7 of... See more »

ABB Videos

Social Media

ABB Headquarters

Affolternstrasse 44

Zurich, Zurich8050

41-43-317-7111

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ABB Summary

ABOUT

Overview

ABB (NYSE: ABB) provides power and automation technologies for utility, transport and infrastructure industries. These solutions help improve the efficiency, productivity and quality of customers' operations while minimizing environmental impact. Foun...

CEO

ABB's President & CEO, Bjorn Rosengren, currently has an approval rating of 75%. ABB's primary competitors are Emerson Electric, Honeywell & Valmet.

Website

abb.com

Frequently Asked Questions about ABB

  1. When was ABB founded?

    ABB was founded in 1883
  2. Who is ABB's CEO?

    ABB's CEO is Bjorn Rosengren
  3. How much revenue does ABB generate?

    ABB generates $26.8B in revenue
  4. How much funding does ABB have?

    ABB has historically raised $0 in funding
  5. Where is ABB's headquarters?

    ABB's headquarters is in Zurich Zurich, CH
  1. How many employees does ABB have?

    ABB has 105,330 employees
  2. What sector does ABB operate in?

    ABB is in Heavy Electrical Equipment, Industrial Machinery & Equipment
  3. Who are ABB's competitors?

    ABB's top competitors are Emerson Electric, Honeywell, Valmet
  4. Who has ABB invested in?

    ABB's has invested in companies such as Atom Power, Everactive, Automata