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Abb Ltd (ABBN.S)

ABBN.S on Virt-X Level 1

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2 Dec 2020
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Latest Key Developments (Source: Significant Developments)

ABB Gets $30 Mln Contract With Singapore's National Water Agency
Monday, 16 Nov 2020 

Nov 16 (Reuters) - Abb Ltd ::PUB, SINGAPORE'S NATIONAL WATER AGENCY HAS AWARDED ABB A CONTRACT WORTH AROUND $30 MILLION (S$40.5 MILLION) TO DELIVER A COMPLETE SITE-WIDE PLANT MONITORING AND CONTROL SYSTEM FOR TUAS WATER RECLAMATION PLANT (WRP)..WITH A TREATMENT CAPACITY OF 800,000M³ PER DAY - ENOUGH TO FILL OVER 300 OLYMPIC-SIZE SWIMMING POOLS - TUAS WATER RECLAMATION PLANT WILL ENSURE SINGAPORE'S WATER SECURITY THROUGH RECLAMATION OF USED WATER..Further company coverage: . (Reporting by Berlin Speed Desk). ((berlin.newsroom@thomsonreuters.com;)).  Full Article

ABB To Lower Costs And Increase Value Of Capital Projects With Adaptive Execution Offering
Tuesday, 20 Oct 2020 

Oct 20 (Reuters) - Abb Ltd ::ABB TO LOWER COSTS AND INCREASE VALUE OF CAPITAL PROJECTS WITH ABB ADAPTIVE EXECUTION™ OFFERING.INTRODUCES NEW, AGILE METHOD TO INDUSTRIAL PROJECT EXECUTION TO HELP ENERGY CUSTOMERS ADAPT TO CHALLENGING MARKET CONDITIONS.UP TO 40 PER CENT CAPITAL EXPENDITURE REDUCTION IS EXPECTED, DELIVERY SCHEDULES ARE EXPECTED TO BE COMPRESSED BY UP TO 30 PER CENT.  Full Article

ABB Wins Contract With France's DREEV
Tuesday, 13 Oct 2020 

Oct 13 (Reuters) - Abb Ltd ::AS PART OF A CONTRACT WITH FRANCE'S DREEV, A JOINT VENTURE BETWEEN ÉLECTRICITÉ DE FRANCE (EDF) AND NUVVE, WHICH SPECIALIZES IN INTELLIGENT CHARGING FOR EVS, ABB WILL SUPPLY ITS BRAND-NEW 11 KW BI-DIRECTIONAL CHARGING TECHNOLOGY.UNDER PARTNERSHIP, ABB WILL SUPPLY V2G BI-DIRECTIONAL KIOSKS IN FRANCE, FOLLOWED BY INSTALLATIONS IN UNITED KINGDOM, ITALY, BELGIUM AND GERMANY.  Full Article

ABB Acquires Industrial Robot Company
Friday, 2 Oct 2020 

Oct 2 (Reuters) - ABB ::ABB ENHANCES PORTFOLIO OF HIGH-SPEED INDUSTRIAL ROBOTS WITH CODIAN ACQUISITION.ACQUISITION WAS SIGNED AND CLOSED ON OCTOBER 1.BOTH PARTIES AGREED NOT TO DISCLOSE ANY DETAILS REGARDING PURCHASE PRICE.  Full Article

Hitachi ABB Power Grids Acquires Pioneer Solutions LLC
Monday, 28 Sep 2020 

Sept 28 (Reuters) - Hitachi ABB Power Grids::HITACHI ABB POWER GRIDS ANNOUNCES ACQUISITION OF PIONEER SOLUTIONS LLC.HITACHI ABB POWER GRIDS SAYS HAS SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE US-BASED PIONEER SOLUTIONS LLC, HEADQUARTERED IN DENVER, COLORADO, USA.HITACHI ABB POWER GRIDS - ACQUISITION IS EXPECTED TO CLOSE IN Q4 OF 2020.  Full Article

ABB To Launch Share Buyback Programme
Wednesday, 22 Jul 2020 

July 22 (Reuters) - Abb Ltd ::ABB TO LAUNCH SHARE BUYBACK PROGRAM.FOLLOWING COMPLETION OF DIVESTMENT OF ITS POWER GRIDS BUSINESS TO HITACHI ON JULY 1, 2020, AND CONSISTENT WITH ITS OVERALL CAPITAL STRUCTURE OPTIMIZATION PROGRAM, ABB WILL LAUNCH ITS PREVIOUSLY ANNOUNCED SHARE BUYBACK PROGRAM ON JULY 23, 2020.AS PART OF ITS PLAN TO RETURN TO SHAREHOLDERS NET CASH PROCEEDS OF $7.6-7.8 BILLION FROM SALE OF POWER GRIDS ABB INITIALLY INTENDS TO BUY 10 PERCENT1 OF ITS ISSUED SHARE CAPITAL THROUGH THIS SHARE BUYBACK PROGRAM.ABB WILL PURCHASE A MAXIMUM OF 180 MILLION SHARES, IN ADDITION TO THOSE ALREADY HELD IN TREASURY.CORRESPONDING MAXIMUM BUYBACK AMOUNT OF CHF 4.2 BILLION FOR THIS PROGRAM IS BASED ON ABB'S SHARE PRICE ON JULY 21, 2020.MAXIMUM NUMBER OF SHARES THAT MAY BE REPURCHASED UNDER PROGRAM ON ANY GIVEN TRADING DAY IS 2,188,145..SHARE BUYBACK PROGRAM IS FOR CAPITAL REDUCTION PURPOSES AND WILL BE EXECUTED ON A SECOND TRADING LINE ON SIX SWISS EXCHANGE.PROGRAM IS PLANNED TO RUN FROM JULY 23, 2020 UNTIL COMPANY'S ANNUAL GENERAL MEETING (AGM) ON MARCH 25, 2021.  Full Article

ABB Power Products And Systems India Gets 1.65 Bln Rupees Order From Indian Oil Corporation
Monday, 20 Apr 2020 

April 20 (Reuters) - Abb Power Products And Systems India Ltd ::GETS 1.65 BILLION RUPEES ORDER FROM INDIAN OIL CORPORATION.  Full Article

ABB CEO Voser Says Sees No Real Need For Big Acquisitions
Wednesday, 5 Feb 2020 

Feb 5 (Reuters) - Abb Ltd ::ABB CEO VOSER SAYS SEES NO REAL NEED FOR BIG ACQUISITIONS.  Full Article

ABB CEO Says Strategy Is Based On Four Businesses Including Electrification
Wednesday, 22 Jan 2020 

Jan 22 (Reuters) - Abb Ltd ::ABB CEO SAYS STRATEGY IS BASED ON FOUR BUSINESSES INCLUDING ELECTRIFICATION.ABB CEO SAYS NEW CEO PRIORITY WILL BE TO IMPROVE OPERATIONAL PERFORMANCE.ABB CEO SAYS TELLS BLOOMBERG TV COMPANY HAS UNTAPPED VALUE.  Full Article

ABB Names Björn Rosengren As CEO
Monday, 12 Aug 2019 

Aug 11 (Reuters) - Abb Ltd ::ABB NAMES BJÖRN ROSENGREN AS CEO.ROSENGRE WILL JOIN ABB ON FEBRUARY 1, 2020.PETER VOSER WILL REVERT TO HIS POSITION AT ABB SOLELY AS CHAIRMAN OF BOARD.  Full Article

CORRECTED-ABB division attracts interest from industry buyers -sources

FRANKFURT/ZURICH, Nov 19 ABB's clutch and transmission manufacturer Dodge had already attracted interest from potential bidders before the Swiss engineering group announced it was exiting the business, people familiar with the matter told Reuters on Thursday.