ABB is a Swedish-Swiss multinational conglomerate and is a global conglomerate having its presence worldwide.
It was formed as a result of the merger between ASEA (estd 1883) from Sweden and Brown, Boveri & Cie (estd 1891) from Switzerland. It is headquartered in Zurich, Switzerland and operates in the power (40% of revenues) and automation technologies (60% of revenues) area.
Its customers include utilities, industries and transport and infrastructure companies. It operates in more than 100 countries employing 135,000 people. It earns approximately one-third of its revenues from the Americas, another one-third from Europe and remaining from Asia, Middle East and Africa.
The company is traded on Swiss, American (NASQAQ and NYSE). Its Indian subsidiary is listed in Indian markets as well (both BSE and NSE).
It used to comprise of five divisions until Jan’16 – Discrete Automation and Motion, Power products, Power Systems, Low Voltage Products and Process Automation. Currently it has restructured itself to four divisions – Process Automation, Discrete Automation and Motion, Power Grids, and Electrification products.
The process automation division provides customers in industries such as oil and gas, power, pharmaceuticals and others with systems for plant control and optimization. The Discrete Automation and Motion division provides products such as electric motors, industrial robots to facilitate industrial production. It has installed over 190,000 robots. The low voltage product division provides products such as low-voltage switch-gears, switches to residential and commercial contractors. These products help the customers improve productivity by using energy efficiently.
The future growth strategy of the company revolves around two big shifts occurring in the 21st century. First, the focus on renewable energy that will lead to rise of “digital grids” and the second is the rise of growing intelligence in the machines called the “Internet of Things, Services, and People”. It aims to create leadership position in both of these through technical innovation.