ABB to acquire GE Industrial Solutions

Purchase price of $2.6 billion

26-Sep-2017 - ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. GE Industrial ...

ABB to divest Full Service business to Nordic Capital

29-Aug-2014 - ABB announced it has signed an agreement to divest the ABB Full Service business for an undisclosed amount. The sale is expected to close in the fourth quarter of 2014, subject to regulatory approval. The ABB Full Service business provides fully outsourced industrial maintenance services. ABB ...

ABB wins installation order for electrification system to Norwegian platform

29-Aug-2012 - ABB has won an order from Statoil to install high voltage subsea cables to supply power to the Troll A gas platform on the western coast of Norway. The Troll A concrete deep water structure is the world’s largest natural gas production platform, 473 meters tall and weighs 1.2 million tons; it is ...

ABB wins $40 million power products order in Saudi Arabia

07-Aug-2012 - ABB has won an order worth over $40 million for high-voltage gas-insulated switchgear from the Al Toukhi Group, a leading engineering, procurement and construction (EPC) company. The order was booked in the second quarter. ABB will supply 420 kV GIS equipment that will form an integral part of ...

ABB wins order worth over $100 million for a new gas condensate plant in Oman

27-Jul-2012 - ABB has won a contract worth over US$ 100 million to build a new gas condensate processing plant for Petroleum Development Oman (PDO) in the Sultanate of Oman. The order was booked in the second quarter. The new Saih Nihayda Condensate Stabilization Plant will be located near the Saih Nihayda gas ...

ABB to invest $ 40 million in Saudi Arabia to strengthen power products footprint

18-Jul-2012 - ABB will invest around $ 40 million, to construct a new manufacturing plant for high-voltage gas-insulated switchgear (GIS) and a transformer service workshop in Saudi Arabia, to serve the growing power infrastructure needs in the region. The switchgear plant will initially manufacture 132 ...

ABB wins orders worth $80 million for one of Australia’s largest oil and gas developments

16-Jul-2012 - ABB has won orders worth around $80 million to supply power technologies and medium-voltage drive systems for the new Ichthys liquefied natural gas (LNG) project’s processing plant near Darwin, Australia. The equipment will power the plant and control the compressors that liquefy the gas. ...

ABB wins $80 million order from Samsung Heavy Industries

29-Jun-2012 - ABB recently won an order worth $80 million from Samsung Heavy Industries to supply energy efficient drives, motors and electrical power systems for five drilling vessels and two liquefied natural gas (LNG) carriers to be built at Samsung’s shipyard in Korea. The vessels will be used to extract, ...

ABB appoints Prith Banerjee to Executive Committee as Chief Technology Officer

11-Apr-2012 - ABB, the leading power and automation technology group, has appointed Prith Banerjee to its Executive Committee in the role of Chief Technology Officer. Banerjee, 51, will start midyear 2012 and will be based in Zurich. He joins ABB from Hewlett Packard, where he was Senior Vice President of ...

ABB wins contract from Shell to build power plant in Iraq

12-Mar-2012 - ABB has won a $60 million contract from Shell Gas Iraq B.V. to build a new power plant in southern Iraq. The power plant will be operated by the Basrah Gas Company, a joint venture company to be set up as part of the Iraq, South Gas Project, following signature of the main project agreements in ...