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Tag: ABB
ABB launches new share buyback program of up to 1 billion dollars
ABB will launch its previously announced new share buyback program of up to 1 billion dollars. Based on the current ABB share price this represents a maximum of approximately 21.3 million shares....
20 years of ABB in Serbia
For decades, ABB in Serbia has grown organically from a representative office to a company, as part of the ABB Group. Through continuous improvement and investment in the development of its employees,...
ABB secures $150 million traction contract to power Australia’s QTMP trains and announces new facility in regional Queensland
ABB has been awarded a USD$150 million contract in February 2024 to supply complete traction packages, as well as engineering and service support for each of the 65 six-car passenger trains to...
INNOVATIVE SOLUTIONS LEAD TO THE CIRCULAR ECONOMY
Modern times have brought us new technologies and innovations that make our daily lives easier. The constant growth and progress of all spheres of life require the use of natural resources that...
ABB and Norwegian Cruise Line Holdings expand long-term partnership
ABB and Norwegian Cruise Line Holdings (NCLH) have signed a long-term partnership agreement to accelerate the decarbonization and digitalization of the Norwegian Cruise Line (NCL) fleet. Targeting increased safety and efficiency, the...
ABB acquires Sevensense, expanding leadership in next-generation AI-enabled mobile robotics
ABB today announced that it has acquired Swiss start-up Sevensense, a leading provider of AI-enabled 3D vision navigation technology for autonomous mobile robots (AMRs). Sevensense was founded in 2018 as a spin-off...
ABB acquires innovative optical sensor company to expand smart water management offering
ABB announced that it has agreed to acquire Canadian company Real Tech, a leading supplier of innovative optical sensor technology that enables real-time water monitoring and testing. Through the acquisition, ABB will...
ELECTROMOBILITY IN THE ABB WAY
Road traffic is one of the major polluters of the environment. According to research, about 60 per cent of polluting substances enter the air from exhaust pipes. To reduce air pollution, we...
Smart robotic automation solutions from ABB to support sustainability targets for Volvo Cars
ABB announced the strengthening of its long-standing partnership with Volvo Cars to supply more than 1,300 robots and functional packages to build the next generation of electric vehicles. This will support the...
ABB and Gravitricity to collaborate on energy storage systems using end-of-life mine shafts and hoist technology
ABB has signed an agreement with UK-based gravity energy storage firm Gravitricity to explore how hoist expertise and technologies can accelerate the development and implementation of gravity energy storage systems in former...
ABB signs 500 million euros EIB financing to further drive smart and sustainable electrification technologies
ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a 500 million euros financing agreement to support ABB’s research and development in its Electrification business...
Samsung C&T and ABB enter agreement to expand smart building capabilities
To improve the livability and energy efficiency of large residential, commercial and multi-dwelling residential buildings, ABB Smart Buildings and Samsung C&T Corporation Engineering & Construction Group (‘Samsung C&T’) today entered a new...
ABB Expands US Manufacturing Footprint with Investment in New EV Charger Facility
ABB E-mobility, a leader in electric vehicle (EV) charging infrastructure, today announces the continued expansion of its global and US manufacturing footprint with new manufacturing operations in Columbia, South Carolina.
The multi-million dollar...
ABB and Hydrogen Optimized Expand Hydrogen Partnership, Including a Strategic Investment
ABB and Hydrogen Optimized Inc. (HOI), the Canadian technology innovator unlocking green hydrogen production at scale, have signed an agreement to expand the companies’ existing strategic relationship. This includes an investment by...
ABB Acquires Controlling Interest in India’s Numocity
ABB announced that its E-mobility division has agreed to acquire a controlling stake in Numocity, a leading digital platform for electric vehicle charging in India. ABB will increase its shareholding to a...
ABB to equip twelve Himalaya Shipping bulk carriers with shaft generator solutions for maximum efficiency
ABB will deliver an integrated scope of solutions with permanent magnet shaft generators at its core for twelve 210,000 dwt bulk carriers owned by the Bermuda-based Himalaya Shipping.
ABB technology will improve the...