Asea Brown Boveri

Asea Brown Boveri

Overview
ABB is a Swiss-Swedish multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

 headquartered in Zürich
Zürich
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...

, Switzerland, and best known for its robotics
Robotics
Robotics is the branch of technology that deals with the design, construction, operation, structural disposition, manufacture and application of robots...

. ABB operates mainly in the power
Motive power
In thermodynamics, motive power is an agency, as water or steam, used to impart motion. Generally, motive power is defined as a natural agent, as water, steam, wind, electricity, etc., used to impart motion to machinery; a motor; a mover. The term may also define something, as a locomotive or a...

 and automation
Automation
Automation is the use of control systems and information technologies to reduce the need for human work in the production of goods and services. In the scope of industrialization, automation is a step beyond mechanization...

 technology areas. It ranked 143rd in Forbes Ranking
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

 (2010).

ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 130,000 employees, and reported global revenue of $31.6 billion for 2010.

ABB is traded on the SIX Swiss Exchange in Zürich and the Stockholm Stock Exchange
Stockholm Stock Exchange
The Stockholm Stock Exchange is a stock exchange located in Stockholm, Sweden. Founded in 1863 it is the primary securities exchange of the Nordic Countries....

 in Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 since 1999, and the New York Stock Exchange in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 since 2001.


ABB resulted from the 1988 merger of the Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA) and the Swiss
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

 company Brown, Boveri & Cie
Brown, Boveri & Cie
Brown, Boveri & Cie was a Swiss group of electrical engineering companies.It was founded in Baden, Switzerland, in 1891 by Charles Eugene Lancelot Brown and Walter Boveri who worked at the Maschinenfabrik Oerlikon. In 1970 BBC took over the Maschinenfabrik Oerlikon...

 (BBC); the latter had absorbed the Maschinenfabrik Oerlikon in 1967.
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Encyclopedia
ABB is a Swiss-Swedish multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

 headquartered in Zürich
Zürich
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...

, Switzerland, and best known for its robotics
Robotics
Robotics is the branch of technology that deals with the design, construction, operation, structural disposition, manufacture and application of robots...

. ABB operates mainly in the power
Motive power
In thermodynamics, motive power is an agency, as water or steam, used to impart motion. Generally, motive power is defined as a natural agent, as water, steam, wind, electricity, etc., used to impart motion to machinery; a motor; a mover. The term may also define something, as a locomotive or a...

 and automation
Automation
Automation is the use of control systems and information technologies to reduce the need for human work in the production of goods and services. In the scope of industrialization, automation is a step beyond mechanization...

 technology areas. It ranked 143rd in Forbes Ranking
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

 (2010).

ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 130,000 employees, and reported global revenue of $31.6 billion for 2010.

ABB is traded on the SIX Swiss Exchange in Zürich and the Stockholm Stock Exchange
Stockholm Stock Exchange
The Stockholm Stock Exchange is a stock exchange located in Stockholm, Sweden. Founded in 1863 it is the primary securities exchange of the Nordic Countries....

 in Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 since 1999, and the New York Stock Exchange in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 since 2001.

History



ABB resulted from the 1988 merger of the Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA) and the Swiss
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

 company Brown, Boveri & Cie
Brown, Boveri & Cie
Brown, Boveri & Cie was a Swiss group of electrical engineering companies.It was founded in Baden, Switzerland, in 1891 by Charles Eugene Lancelot Brown and Walter Boveri who worked at the Maschinenfabrik Oerlikon. In 1970 BBC took over the Maschinenfabrik Oerlikon...

 (BBC); the latter had absorbed the Maschinenfabrik Oerlikon in 1967. CEO at the time of the merger was the former CEO of ASEA, Percy Barnevik
Percy Barnevik
Percy Nils Barnevik is a Swedish business executive, best known as CEO and later Chairman of Asea Brown Boveri 1988–2002, and for being the centre of a giant pension dispute that shook Sweden in 2003.-Background:...

, who ran the company until 1996.

ABB's history goes back to the late nineteenth century. ASEA was incorporated by Ludwig Fredholm in 1883 and Brown, Boveri & Cie (BBC) was formed in 1891 in Baden, Switzerland, by Charles Eugene Lancelot Brown
Charles Eugene Lancelot Brown
thumb|200pxCharles Eugene Lancelot Brown founded BBC Brown Boveri with Walter Boveri.He was born in Winterthur and was one of 6 children. His mother was Swiss and his father, a British engineer, was the founder of SLM - Schweizerische Lokomotiv- und Maschinenfabrik...

 and Walter Boveri as a Swiss group of electrical companies producing AC and DC motors, generators, steam turbines and transformers.

Organizational structure


ABB is the world's largest builder of electricity grids and is active in many sectors, its core businesses being in power and automation technologies. The company has one corporate division and five production divisions since reorganisation in January 2010.

Power Products


Power products are the key components for the transmission
Electric power transmission
Electric-power transmission is the bulk transfer of electrical energy, from generating power plants to Electrical substations located near demand centers...

 and distribution
Electricity distribution
File:Electricity grid simple- North America.svg|thumb|380px|right|Simplified diagram of AC electricity distribution from generation stations to consumers...

 of electricity. The division incorporates ABB's manufacturing network for transformer
Transformer
A transformer is a device that transfers electrical energy from one circuit to another through inductively coupled conductors—the transformer's coils. A varying current in the first or primary winding creates a varying magnetic flux in the transformer's core and thus a varying magnetic field...

s, switchgear
Switchgear
The term switchgear, used in association with the electric power system, or grid, refers to the combination of electrical disconnects, fuses and/or circuit breakers used to isolate electrical equipment. Switchgear is used both to de-energize equipment to allow work to be done and to clear faults...

, circuit breaker
Circuit breaker
A circuit breaker is an automatically operated electrical switch designed to protect an electrical circuit from damage caused by overload or short circuit. Its basic function is to detect a fault condition and, by interrupting continuity, to immediately discontinue electrical flow...

s, cable
Cable
A cable is two or more wires running side by side and bonded, twisted or braided together to form a single assembly. In mechanics cables, otherwise known as wire ropes, are used for lifting, hauling and towing or conveying force through tension. In electrical engineering cables are used to carry...

s, and associated high voltage and medium voltage equipment such as digital protective relay
Digital protective relay
In electrical engineering of power systems, a digital protective relay uses a microcontroller with software-based protection algorithms for the detection of electrical faults...

s. It also offers maintenance services. The division is subdivided into three business units - High Voltage Products, Medium Voltage Products and Transformers.

Power Systems


Power Systems offers turnkey
Turnkey
A turn-key or a turn-key project is a type of project that is constructed by a developer and sold or turned over to a buyer in a ready-to-use condition.-Common usage:...

 systems and service for power transmission and distribution grids, and for power plants. Electrical substation
Electrical substation
A substation is a part of an electrical generation, transmission, and distribution system. Substations transform voltage from high to low, or the reverse, or perform any of several other important functions...

s and substation automation systems are key areas. Additional highlights include flexible AC transmission system
Flexible AC transmission system
A flexible alternating current transmission system is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network...

s (FACTS), high-voltage direct current (HVDC)
High-voltage direct current
A high-voltage, direct current electric power transmission system uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses...

 systems and network management systems. In power generation, Power Systems offers the instrumentation, control and electrification of power plants. The division is subdivided into four business units - Grid Systems, Substations, Network Management, and Power Generation.

Discrete Automation and Motion


The division "Discrete Automation and Motion" provides products and services for industrial production. It includes electric motors, generators, drives
Motor controller
A motor controller is a device or group of devices that serves to govern in some predetermined manner the performance of an electric motor. A motor controller might include a manual or automatic means for starting and stopping the motor, selecting forward or reverse rotation, selecting and...

, programmable logic controllers (PLCs), analytical, power electronics
Power electronics
Power electronics is the application of solid-state electronics for the control and conversion of electric power.-Introduction:Power electronic converters can be found wherever there is a need to modify a form of electrical energy...

 and industrial robots. ABB has installed over 190,000 robots. In 2006 ABB's global robotics Manufacturing headquarters moved to Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

. Also, Wind generators and solar energy are in this division.

Low Voltage Products


The Low Voltage Products division manufactures low-voltage circuit breakers, switch
Switch
In electronics, a switch is an electrical component that can break an electrical circuit, interrupting the current or diverting it from one conductor to another....

es, control products, wiring accessories, enclosures and cable systems to protect people, installations and electronic equipment from electrical overload. The division further makes KNX systems
KNX (standard)
KNX is a standardized , OSI-based network communications protocol for intelligent buildings. KNX is the successor to, and convergence of, three previous standards: the European Home Systems Protocol , BatiBUS, and the European Installation Bus...

 that integrate and automate a building's electrical installations, ventilation systems
Ventilation (architecture)
Ventilating is the process of "changing" or replacing air in any space to provide high indoor air quality...

, and security and data communication networks. Low Voltage Products also incorporates a Low Voltage Systems unit manufacturing low voltage switchgear
Switchgear
The term switchgear, used in association with the electric power system, or grid, refers to the combination of electrical disconnects, fuses and/or circuit breakers used to isolate electrical equipment. Switchgear is used both to de-energize equipment to allow work to be done and to clear faults...

 and motor control centres. Customers include a wide range of industry and utility operations, plus commercial and residential buildings.

Process Automation


The main focus of this ABB business is to provide customers with systems for control, plant optimization, and industry-specific automation applications. The industries served include oil
Oil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 and gas
Gas
Gas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...

, power
Electric power
Electric power is the rate at which electric energy is transferred by an electric circuit. The SI unit of power is the watt.-Circuits:Electric power, like mechanical power, is represented by the letter P in electrical equations...

, chemicals
Chemical industry
The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials into more than 70,000 different products.-Products:...

 and pharmaceuticals, pulp
Wood pulp
Pulp is a lignocellulosic fibrous material prepared by chemically or mechanically separating cellulose fibres from wood, fibre crops or waste paper. Wood pulp is the most common raw material in papermaking.-History:...

 and paper, metals and minerals, marine
Marine (ocean)
Marine is an umbrella term. As an adjective it is usually applicable to things relating to the sea or ocean, such as marine biology, marine ecology and marine geology...

 and turbocharging.

Corporate and Other


The Corporate and Other department of ABB deals with the overall management and functioning of the company as well as asset management and investment.
It supports MNCs.

Corporate affairs


In the early 1990s ABB purchased Combustion Engineering
Combustion Engineering
Combustion Engineering was an American engineering firm and leading firm in the development of power systems in the United States with approximately 30,000 employees in about a dozen states at its peak. Headquartered in Stamford, Connecticut, C-E owned over two dozen other companies including...

 (C-E), headquartered in Stamford
Stamford, Connecticut
Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643, making it the fourth largest city in the state and the eighth largest city in New England...

 and Norwalk, Connecticut
Norwalk, Connecticut
Norwalk is a city in Fairfield County, Connecticut, United States. According to the 2010 U.S. Census, the population of the city is 85,603, making Norwalk sixth in population in Connecticut, and third in Fairfield County...

, a leading U.S. firm in the development of conventional fossil fuel
Fossil fuel
Fossil fuels are fuels formed by natural processes such as anaerobic decomposition of buried dead organisms. The age of the organisms and their resulting fossil fuels is typically millions of years, and sometimes exceeds 650 million years...

 power and nuclear power
Nuclear power
Nuclear power is the use of sustained nuclear fission to generate heat and electricity. Nuclear power plants provide about 6% of the world's energy and 13–14% of the world's electricity, with the U.S., France, and Japan together accounting for about 50% of nuclear generated electricity...

 supply systems to break into the North American market. Klaus Agthe
Klaus Agthe
Klaus Erich Agthe is a German-born businessman and author.- Childhood and Education :...

 was CEO of the US operation at the time. Continuing with its expansion plans, ABB purchased Elsag Bailey, a process automation group, in 1997 which included Bailey Controls, Hartmann & Braun, and Fischer & Porter. This was the largest acquisition to date in ABB's history.

ABB bought International Combustion
International Combustion
International Combustion Limited was a major manufacturing business based in Derby offering products for the nuclear engineering industry. International Combustion Australia Limited was a separate non-affiliated company.-History:...

 Ltd from Rolls-Royce in 1997.

ABB's boiler and fossil fuel businesses were purchased by Alstom
Alstom
Alstom is a large multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2010-2011 Alstom had annual sales of over €20.9 billion, and employed more than 85,000 people in 70 countries. Alstom's headquarters are...

 in 2000, and its nuclear business was purchased by Westinghouse Electric Company
Westinghouse Electric Company
Westinghouse Electric Company LLC is a nuclear power company, offering a wide range of nuclear products and services to utilities throughout the world, including nuclear fuel, service and maintenance, instrumentation and control and advanced nuclear plant designs...

 in 2000. In 2000 ABB also signed a contract for the delivery of equipment and services for two North Korea
North Korea
The Democratic People’s Republic of Korea , , is a country in East Asia, occupying the northern half of the Korean Peninsula. Its capital and largest city is Pyongyang. The Korean Demilitarized Zone serves as the buffer zone between North Korea and South Korea...

n nuclear powerplants to be supplied under an agreement with the Korean Peninsula Energy Development Organization
Korean Peninsula Energy Development Organization
The Korean Peninsula Energy Development Organization is an organization founded on March 15, 1995 by the United States, South Korea, and Japan to implement the 1994 U.S.-North Korea Agreed Framework that froze North Korea's indigenous nuclear power plant development centered at the Yongbyon...

 (KEDO), a consortium formed in 1995 by the governments of the United States, Japan, South Korea and the European Union. ABB formally divested from a joint venture named ABB-Alstom Power in 2000, and sold its interest in conventional power generation systems to Alstom Power
Alstom
Alstom is a large multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2010-2011 Alstom had annual sales of over €20.9 billion, and employed more than 85,000 people in 70 countries. Alstom's headquarters are...

. ABB's nuclear business was sold to BNFL
BNFL
British Nuclear Fuels Limited was a nuclear energy and fuels company owned by the UK Government. It was a former manufacturer and transporter of nuclear fuel , ran reactors, generated and sold electricity, reprocessed and managed spent fuel , and decommissioned nuclear plants and other similar...

 and merged into Westinghouse Electric Company
Westinghouse Electric Company
Westinghouse Electric Company LLC is a nuclear power company, offering a wide range of nuclear products and services to utilities throughout the world, including nuclear fuel, service and maintenance, instrumentation and control and advanced nuclear plant designs...

.

In 2001 ABB was ranked as number one on the Dow Jones corporate sustainability index
Sustainability
Sustainability is the capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of union, an interdependent relationship and mutual responsible position with all living and non...

 for the third year in a row.

In 2002 ABB asked Lindahl, the company's former chief executive, to return some of his $50 million retirement pay, which its board called excessive. ABB also asked its former chairman Percy Barnevik to pay back part of his $87 million pension package. The size of the pensions was disclosed at the same time as ABB's $691 million net loss for 2001 made headlines and drew sharp criticism in Switzerland and Sweden.

ABB's Building Systems business unit was sold off in 2004 to Capvis
Capvis
Capvis is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries in Switzerland, Austria and Germany....

, a Swiss private equity company, as part of ABB's strategy to focus on power and automation technologies. ABB's building systems businesses in Australia and Hong Kong were sold off the year before, in May 2003, to Downer EDI Limited. Building Systems provided services for building facilities encompassing indoor air quality, building automation
Building automation
Building automation describes the functionality provided by the control system of a building. A building automation system is an example of a distributed control system...

 as well as power distribution and management.

Financial debt and lingering asbestos liability brought ABB to the brink of bankruptcy in the early 2000s. In 2006 ABB returned to financial health by settling its asbestos
Asbestos
Asbestos is a set of six naturally occurring silicate minerals used commercially for their desirable physical properties. They all have in common their eponymous, asbestiform habit: long, thin fibrous crystals...

 liability regarding claims that were filed against ABB's U.S. subsidiaries, Combustion Engineering
Combustion Engineering
Combustion Engineering was an American engineering firm and leading firm in the development of power systems in the United States with approximately 30,000 employees in about a dozen states at its peak. Headquartered in Stamford, Connecticut, C-E owned over two dozen other companies including...

 and Lummus Global. In August 2007 Lummus Global was sold to CB&I.

In 2009 ABB realigned its automation divisions to enhance growth opportunities. As of January 1, 2010, the business units in the Automation Products and Robotics divisions were regrouped into two new divisions – Discrete Automation and Motion, and Low Voltage Products. The Process Automation division remained unchanged except for the addition of the instrumentation business from the Automation Products division.

In 2011, on May 9 ABB announced acquisition of Australian-based Mincom Limited
Mincom Limited
Mincom Pty Ltd is a software and services company providing business software to industries such as mining, public infrastructure, defense, oil and gas in more than 40 countries across North America, South America, Australia, South East Asia, Africa, and Europe.Mincom Inc. operates in North America...

 from private equity firm Francisco Partners
Francisco Partners
Francisco Partners is a private equity firm focusing on structured investments in the information technology sector.Francisco Partners Management LLC was founded in August 1999 and is headquartered in San Francisco and maintains an additional office in London, United Kingdom...

 - to expand their enterprise software business for undisclosed sum. On July 29 2011 acquisition has been finalised.

In 2011 ABB acquired Baldor Electric USA for $4.2 billion in an all-cash transaction

Management


On July 17, 2008, the Board of Directors of ABB Ltd. announced the appointment of Mr. Joseph M. Hogan as Chief Executive Officer
and Member of the Executive Committee of The ABB Group. Mr Hogan is a graduate of Geneva College and holds an MBA from Robert Morris, both located in Western Pennsylvania.

Former CEOs:
  • September 2008–present: Joe Hogan
  • February 2008 - September 2008: Michel Demaré - ad interim
  • January 2005 - February 2008: Fred Kindle
  • September 2002 - December 2004: Jürgen Dormann
  • January 2001 - September 2002: Jörgen Centerman
  • January 1997 - December 2000: Göran Lindahl
  • 1987-1996: Percy Barnevik
    Percy Barnevik
    Percy Nils Barnevik is a Swedish business executive, best known as CEO and later Chairman of Asea Brown Boveri 1988–2002, and for being the centre of a giant pension dispute that shook Sweden in 2003.-Background:...



Chairman of the Board

The Board of Directors is chaired by Hubertus von Grünberg. He took over the position in May 2007, following the retirement of Jürgen Dormann, who had chaired the board since 2002.

Former Board Members:
  • Peter Sutherland
    Peter Sutherland
    Peter Denis Sutherland, KCMG is an Irish international businessman and former Attorney General of Ireland, associated with the Fine Gael party . He is a barrister by profession, and is also Senior Counsel at the Irish Bar...

  • Donald Rumsfeld
    Donald Rumsfeld
    Donald Henry Rumsfeld is an American politician and businessman. Rumsfeld served as the 13th Secretary of Defense from 1975 to 1977 under President Gerald Ford, and as the 21st Secretary of Defense from 2001 to 2006 under President George W. Bush. He is both the youngest and the oldest person to...

     (1990–2001)

Primary investors


The largest single stake in the firm is held by the Swedish investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

 company Investor AB
Investor AB
Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family through their foundation asset management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. In 2006 it had...

, controlled by the Wallenberg family
Wallenberg family
The Wallenberg family is a prominent Swedish banking family, renowned as bankers, industrialists, politicians, diplomats and philanthropists. The most famous of the Wallenbergs, Raoul Wallenberg, a diplomat, worked in Budapest, Hungary, during World War II to rescue Jews from the Holocaust...

, which holds 7.1%.

See also


  • Brown, Boveri & Cie
    Brown, Boveri & Cie
    Brown, Boveri & Cie was a Swiss group of electrical engineering companies.It was founded in Baden, Switzerland, in 1891 by Charles Eugene Lancelot Brown and Walter Boveri who worked at the Maschinenfabrik Oerlikon. In 1970 BBC took over the Maschinenfabrik Oerlikon...

  • Combustion Engineering
    Combustion Engineering
    Combustion Engineering was an American engineering firm and leading firm in the development of power systems in the United States with approximately 30,000 employees in about a dozen states at its peak. Headquartered in Stamford, Connecticut, C-E owned over two dozen other companies including...

  • List of conglomerates
  • Maschinenfabrik Oerlikon
  • Stromberg (company)
    Stromberg (company)
    Stromberg or Oy Strömberg Ab, was a company founded by Gottfrid Strömberg in 1889 in Helsinki, Finland, and manufactured electromechanical products such as: generators, electric motors and small power plants. The company was founded initially as Gottfrid Strömbergin sähköyhtiö in Finnish, Gottfrid...


Further reading

  • ABB (2005): The Dormann Letters, Jürgen Dormann/ABB Group, Zurich
  • Bélanger, Jacques et al. (2001): Being local worldwide: ABB and the challenge of global management, Cornell University Press
    Cornell University Press
    The Cornell University Press, established in 1869 but inactive from 1884 to 1930, was the first university publishing enterprise in the United States.A division of Cornell University, it is housed in Sage House, the former residence of Henry William Sage....

    , New York. ISBN 0-8014-3650-8
  • Kevin Barham, Claudia Heimer (1998): ABB: the dancing giant – creating the globally connected corporation. Financial Times
    Financial Times
    The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....

    , London. ISBN 0-273-62861-5

External links