ABB Ltd

ABBN

CH0012221716

Heavy Electrical Equipment

Market Closed - Swiss Exchange Other stock markets 11:31:32 2025-02-10 am EST			5-day change	1st Jan Change
50.08 ^CHF	+0.81%		+2.14%	+2.06%

Feb. 07	ABB LTD : Buy rating from DZ Bank	ZD
Feb. 07	ABB: share buyback program launched on Monday	CF

ABB: agreement to buy a Siemens Gamesa business

December 18, 2024 at 06:52 am EST

ABB announces that it has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain, a subsidiary of Siemens Gamesa, in order to strengthen its position in the growing market for high-power renewable energy conversion technologies.

This acquisition will significantly expand ABB's product and service offering for original equipment manufacturers (OEMs) and end-users in the renewable energy sector.

The transaction is subject to regulatory approvals and is expected to close in the second half of 2025.

Financial terms were not disclosed.

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Latest news about ABB Ltd

ABB LTD : Buy rating from DZ Bank	Feb. 07	ZD
ABB: share buyback program launched on Monday	Feb. 07	CF
ABB to Launch $1.5 Billion Share Buyback Program	Feb. 07	MT
ABB to launch share buyback program on February 10	Feb. 07	RE
ABB Launches New Share Buyback Program Of Up To $1.5 Bln	Feb. 07	RE
ABB to launch share buyback program on February 10	Feb. 07	RE
ABB, Bilfinger Team Up for Industry Instrumentation, Digital Technology Services	Feb. 06	MT
ABB: to present its new products at AHR Expo	Feb. 06	CF
ABB, Sage Geosystems Sign MOU for Geothermal Energy Projects	Feb. 04	MT
ABB: partnership with Sage in energy storage	Feb. 04	CF
ABB: partnership with Sage in energy storage	Feb. 04	CF
ABB Completes $900 Million Share Buyback, Plans New $1.5 Billion Repurchase	Feb. 03	MT
ABB: share buyback program completed	Feb. 03	CF
ABB Ltd announces an Equity Buyback for $1,500 million worth of its shares.	Feb. 03	CI
Tranche Update on ABB Ltd's Equity Buyback Plan announced on March 21, 2024.	Feb. 03	CI
Swiss Equities Close Little Changed as US Inflation Takes Spotlight	Jan. 31	MT
ABB LTD : Deutsche Bank remains a Sell rating	Jan. 31	ZD
ABB LTD : UBS reiterates its Neutral rating	Jan. 31	ZD
ABB Ltd's Equity Buyback announced on March 21, 2024, has closed with 16,715,684 shares, representing 0.91% for $900 million.	Jan. 30	CI
Swiss Market Index Extends Gains as Economic Outlook Improves	Jan. 30	MT
ABB : Electrification lifts Q4, 2025 targets meet expectations; buyback programme a positive surprise	Jan. 30
ABB Ltd Announces Lars Förberg Decides Not to Stand for Reelection	Jan. 30	CI
Cevian: ABB remains a significant investment	Jan. 30	RE
ABB LTD : Bernstein reiterates its Sell rating	Jan. 30	ZD
ABB CEO sees growth in data centre business despite rise of DeepSeek	Jan. 30	RE

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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

109,930

Sector

Heavy Electrical Equipment

Calendar

2025-03-26 - Annual General Meeting

More about the company