ABB
ABB is a multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics, power, heavy electrical equipment, and automation technology areas. ABB was formed in 1988 by the merger of ASEA of Sweden and Brown, Boveri & Cie of Switzerland. The company has been a global Fortune 500 company for over two decades. Throughout its history, ABB has been a pioneer in the electrical engineering and automation industries, contributing significantly to innovations in electric power distribution, industrial automation, and robotics.
History
The origins of ABB can be traced back to the late 19th century. ASEA was founded in 1883 by Ludvig Fredholm in Sweden as a manufacturer of electrical light and generators. Brown, Boveri & Cie was established in 1891 by Charles Brown and Walter Boveri in Switzerland, focusing on electrical engineering. The merger in 1988 was aimed at creating a global industrial giant capable of competing more effectively on the world stage.
Operations
ABB operates in more than 100 countries and employs approximately 110,000 people as of the last report. The company is structured into four global divisions: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation. These divisions are geared towards increasing productivity, reducing energy consumption, and lowering environmental impact through technology and innovation.
Electrification
This division focuses on products, systems, solutions, and services for the efficient transmission and distribution of electricity. It includes components for the electrification of industrial plants, buildings, and transportation solutions.
Industrial Automation
ABB's Industrial Automation division offers a wide range of products and solutions for instrumentation, automation, and optimization of industrial processes. The division's focus areas include the oil and gas, power, chemical, and pharmaceutical industries.
Motion
The Motion division provides products and services related to motors, generators, drives, and mechanical power transmission. These solutions are designed to improve efficiency and productivity in various industrial applications.
Robotics & Discrete Automation
This division is known for its pioneering work in robotics. ABB is one of the world's leading suppliers of industrial robots and robot software, equipment, and complete application solutions. They are committed to helping customers increase productivity, product quality, and worker safety.
Innovation and Sustainability
ABB has a strong focus on innovation, investing heavily in R&D to drive advancements in technology and sustainability. The company is dedicated to addressing some of the world's most pressing challenges, including the need for sustainable energy and reducing global industrial energy consumption. ABB's innovations in electric vehicle charging solutions and renewable energy integration are examples of its commitment to sustainability.
Corporate Social Responsibility
ABB is committed to sustainable development and responsible business practices. The company's CSR initiatives focus on reducing its environmental footprint, promoting social responsibility, and governing itself with the highest ethical standards.
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Contributors: Prab R. Tumpati, MD
