ABB said today it will sell its air handling
equipment business to Global Air Movement (Luxembourg) SARL for US$ 225 million,
as part of its strategy to focus on power and automation technology products,
systems and solutions for utilities and industry.
Global Air Movement (Luxembourg) SARL is a company formed on behalf of
Compass Partners European Equity Fund L.P., management and other investors.
“This divestiture is in line with ABB’s strategy to focus on core areas of expertise
in power and automation technology,â€
ABB names Björn Rosengren as CEO
The Board of ABB has unanimously appointed Björn Rosengren, as Chief Executive Officer. He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter Voser will revert to his position at ABB solely as Chairman of the Board. Björn Roseng ... more
ABB-CEO Ulrich Spiesshofer steps down
The Board of Directors of ABB and its CEO Ulrich Spiesshofer (55) have mutually agreed for him to step down from his role, which he has held since 2013. The Chairman of the Board, Peter Voser (61), will become interim CEO in addition to his current role, with immediate effect. An official s ... more
ABB wins US$ 36 million oil and gas contract from Statoil
ABB, the global power and automation technology group, said today it has won a US$ 36 million, five-year contract with Norwegian oil company Statoil for the maintenance and modification of a gas treatment plant in Norway and platforms in the North Sea. “This is an important win for ... more
ABB is a globally leading technology company in the fields of electrification products, robotics and drives, industrial automation and power networks with customers in the energy supply, industry and transport and infrastructure sectors. Building on a tradition of innovation that is more th ... more
ABB Process Analytics' commitment to quality doesn't end when we deliver our equipment. We also provide, at the client's request: start-up services, maintenance services, training services, reconditioning, repair and replacement parts services. Training services are available for virtually ... more
