ABB Ltd

ABBN

CH0012221716

Heavy Electrical Equipment

Market Closed - Swiss Exchange Other stock markets 11:31:01 2025-01-24 am EST			5-day change	1st Jan Change
54.00 ^CHF	+0.78%		+6.51%	+10.05%

Jan. 23	ABB LTD : JP Morgan sticks Neutral	ZD
Jan. 23	ABB: selected by GreenIron in Sweden	CF

ABB: acquisition of French Solutions Industry & Building

December 03, 2024 at 04:40 am EST

ABB announces the acquisition of Solutions Industry & Building (SIB), a French manufacturer of construction products and premium cable glands for industrial, rail and hazardous environments.

This acquisition strengthens ABB's presence in the rail, mining and specialty markets in Europe, the Middle East and North America.

Founded in 1922 in Boulay-Moselle, SIB, owned since 2019 by Galiena Capital, employs nearly 100 people and generated $27 million in revenues in 2023.

This acquisition expands ABB's portfolio of cable protection solutions, complementing brands such as PMA and Adaptaflex.

Copyright (c) 2024 CercleFinance.com. All rights reserved.

Go to the original article.
Legal disclaimer

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	S&P GCC COMPOSITE PRICE (USD)	154.78PTS	0.00%	+1.01%	-
	ABB LTD	54.00CHF	+0.78%	+6.51%	110B

Latest news about ABB Ltd

ABB LTD : JP Morgan sticks Neutral	Jan. 23	ZD
ABB: selected by GreenIron in Sweden	Jan. 23	CF
GreenIron Picks ABB's Control System for First Commercial Plant in Sweden	Jan. 23	MT
ABB: partnership with Skoda for railway batteries	Jan. 23	CF
ABB, Škoda Group Enter Partnership Deal for Train Battery Supply	Jan. 23	MT
ABB Gets Order for Battery Systems to Power Czech Railways	Jan. 23	DJ
Europe's industrial stocks rally on Trump's AI investment push	Jan. 22	RE
Carnegie expert recommends Evolution and engineering giants ahead of reporting season - Di	Jan. 22	FW
ABB increasing U.S. investment to raise local production, CFO says	Jan. 21	RE
ABB to Buy Dutch Energy Management Company Sensorfact	Jan. 21	MT
ABB: acquisition of Sensorfact in the Netherlands	Jan. 21	CF
ABB CEO sees good growth momentum in 2025, looking at acquisitions	Jan. 21	RE
ABB LTD : Bernstein remains a Sell rating	Jan. 20	ZD
ABB: acquisition of Lumin in the USA	Jan. 14	CF
ABB LTD : Gets a Neutral rating from JP Morgan	Jan. 14	ZD
ABB: Memorandum of Understanding with Epiroc in the mining industry	Jan. 14	CF
ABB and Epiroc partner on trolley system solutions for underground mining	Jan. 14	FW
ABB Ltd acquired Coulomb Inc. from ABB Technology Ventures.	Jan. 13	CI
ABB LTD : JP Morgan remains Neutral	Jan. 13	ZD
ABB LTD : RBC remains Neutral	Jan. 10	ZD
SHB retail savers had Investor in their top buys last year	Jan. 08	FW
ABB LTD : JP Morgan reiterates its Neutral rating	Jan. 07	ZD
Stockholm Bullets - Avanza climbs on monthly figures	Jan. 07	FW
ABB LTD : Jefferies reiterates its Neutral rating	Jan. 06	ZD
ABB: invests in Canadian startup Edgecom Energy	Jan. 06	CF

Chart ABB Ltd

Duration

Period

ABBN: Dynamic Chart

Company Profile

ABB Ltd is one of the world's leaders in the design, production and marketing of industrial equipment. Net sales break down by family of products and services as follows: - electrical transmission and distribution products and systems (67.2%): transformers, medium-voltage electrical distribution systems (circuit breakers, switches, fuses, transducers, etc.), high-voltage electrical distribution systems (condensers, switches, etc.), and automated systems for use in electrical plants. ABB Ltd also offers turnkey installation services for transmission systems; - automation systems (30.6%): electrical protection systems and instruments for measuring and controlling fluids, production process control systems (primarily for the oil and gas, chemical and pharmaceutical, marine, mining, and paper industries). The group also manufactures and markets robots and modular systems; - other (2.2%). Net sales are distributed geographically as follows: Europe (35.9%), China (13.9%), Asia/Middle East/Africa (15.8%), the United States (25.6%) and Americas (8.8%).

Employees

109,970

Sector

Heavy Electrical Equipment

Calendar

2025-01-30 - Q4 2024 Earnings Release

More about the company