ABB Ltd
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Morten Wierod
- Full Time Employees
- 110,970
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- Affolternstrasse 44 Zurich Switzerland 8050
- IPO Date
- Apr 6, 2001
- CIK
- 0001091587
- Website
- global.abb
- Similar Companies
- Business
- ABB Ltd is a global technology leader headquartered in Zürich, Switzerland, specializing in electrification, automation, robotics, and motion solutions. Founded in 1988, the company provides a comprehensive portfolio of products and services including electrification products such as low and medium voltage switchgear, modular substations, electric vehicle chargers, distribution automation, control products, and electrical houses; industrial automation offerings like integrated automation and electrification solutions, process control systems, software, measurement and analytics; robotics and discrete automation solutions for manufacturing processes including welding, painting, assembly, and machine tending; and motion products including electrical motors, generators, drives, and digital powertrain solutions. ABB serves utilities, industry sectors including refining, chemicals, mining, metals, pulp and paper, as well as infrastructure and transportation markets globally. Recent strategic developments include ABB's acquisition of smart home automation provider Eve Systems in mid-2023, expanding its electrification business into smart building technologies. In 2024, ABB achieved record operational earnings before interest, taxes, and amortization (EBITA) margin of 18.1% driven by strong revenue growth totaling $32.9 billion, reflecting improved financial performance amid global market uncertainties. The company focuses on sustainability with significant reductions in greenhouse gas emissions and embedded sustainability in its operations. ABB also announced a $1.5 billion share buyback program to enhance shareholder value and continues to invest heavily in research and development, with a focus on digitalization and automation technologies. Additionally, ABB has expanded manufacturing capabilities, including a new robotics factory in Shanghai, and increased its presence in electrification in North America and India to support growth. ABB's four customer-focused business areas—Electrification, Process Automation, Motion, and Robotics & Discrete Automation—complement its broad industrial technology offerings. The company operates in over 170 manufacturing sites worldwide and employs approximately 110,000 people. ABB's strategy emphasizes combining engineering and digital expertise to improve efficiency, productivity, and sustainability across industries while addressing evolving customer needs in energy management, smart infrastructure, and industrial automation. ABB continues to guide its stakeholders with an emphasis on accountability, transparency, and innovation to maintain its position as a global industrial technology leader.
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