Edition:
India

Abb Ltd (ABBN.S)

ABBN.S on Virt-X Level 1

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26 Jun 2019
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Latest Key Developments (Source: Significant Developments)

ABB and Hewlett Packard Enterprise Further Partnership to Connect Industrial Customers With Insight
Wednesday, 19 Jun 2019 

June 18 (Reuters) - Abb Ltd ::ABB - CO & ARUBA, A HEWLETT PACKARD ENTERPRISE COMPANY, WILL COLLABORATE TO DELIVER A WIRELESS CONNECTIVITY SOLUTION FOR LARGE INDUSTRIAL CUSTOMERS.  Full Article

ABB Wins 600 MW HVDC Order In Japan
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Abb Ltd ::ABB WINS 600 MW HVDC ORDER TO REINFORCE JAPANESE POWER SUPPLY THROUGH HVDC JV WITH HITACHI.ORDER HAS BEEN PLACED THROUGH ESTABLISHED HITACHI-ABB JOINT VENTURE, HITACHI ABB HVDC TECHNOLOGIES, LTD.ABB WILL SUPPLY ABB SYSTEM ENGINEERING, VOLTAGE SOURCE CONVERTER (VSC) TECHNOLOGY CALLED HVDC LIGHT, DIGITAL SOLUTION WITH WELL PROVEN ABB ABILITY MACH CONTROL AND PROTECTION SYSTEM.TWO NEW BACK-TO-BACK BLOCKS OF 300 MW EACH WILL BE BUILT ON AN EXISTING SITE WITH AN EXISTING HVDC BACK-TO-BACK.  Full Article

ABB Wins Swedish Order For Electric Chargers For E-Buses
Tuesday, 9 Apr 2019 

April 9 (Reuters) - ABB Ltd ::ABB HAS WON AN ORDER TO SUPPLY HIGH-POWER ELECTRIC CHARGERS FOR 30 FULLY ELECTRIC BUSES IN CITY OF GOTHENBURG, SWEDEN.CHARGERS FROM ABB WILL BE DELIVERED DURING SUMMER OF 2019.FINANCIAL DETAILS OF ORDER WERE NOT DISCLOSED.  Full Article

ABB CEO Receives 2018 Cash Compensation Of 8.54 Mln Sfr -Annual Report
Thursday, 28 Mar 2019 

March 28 (Reuters) - ABB ::2018 CASH COMPENSATION FOR CEO (INCL. CONDITIONAL SHARE-BASED GRANTS) AT 8.54 MILLION SFR.  Full Article

ABB Provides Power Structure For Turkey’S Most Advanced Data Center
Wednesday, 20 Mar 2019 

March 20 (Reuters) - ABB Ltd ::ABB PROVIDES POWER STRUCTURE FOR TURKEY’S MOST ADVANCED DATA CENTER.  Full Article

ABB CEO does not rule acquistions with Power Grids cash
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Abb Ltd ::ABB CEO SAYS DOES NOT RULE OUT ACQUSITIONS, BUT PRIORITY IS TO ALLOCATE CASH FROM POWER GRID SALE TO SHAREHOLDERS.ABB ROBOTICS CHIEF SAYS STILL GROWING IN AUTOMOTIVE DESPITE SOFT MARKET FOR ROBOTS IN SECTOR.ABB CEO CHIEF SAYS WATCHING SITUATION IN UK WITH RAISED EYEBROWS, UNCERTAINTY ABOUT BREXIT DOES NOT HELP BUSINESS.ABB CEO CHIEF SAYS SHORT TERM UNCERTAINTY IN UK MEANS VOLUME REDUCTIONS FROM CUSTOMERS, HITS ABB'S SERVICE BUSINESS.  Full Article

ABB CEO Says Still Has 'Firepower' For Deals From Cash Flow
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::CEO SAYS IT IS THE RIGHT MOVE TO RETURN PROCEEDS FROM POWER GRIDS SALE TO SHAREHOLDERS, STILL HAS 'FIREPOWER' FOR ACQUISITIONS FROM CASH FLOW.CEO SAYS REGULATORY PROCESS INVOLVED WITH DIVESTING POWER GRIDS 'WILL TAKE ITS TIME,' SAYS 12-18 MONTH TIME FRAME FOR POWER GRIDS CARVEOUT IS CUSTOMARY.  Full Article

ABB Shareholder Cevian Says "Convinced This Is The Right Way Forward"
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::SHAREHOLDER CEVIAN SAYS POWER GRIDS SALE TO HITACHI, BUSINESS RESTRUCTURING "ARE THE RIGHT STEPS IN THE DEVELOPMENT OF ABB, AND ENHANCES ABB’S LONG-TERM COMPETITIVENESS".SHAREHOLDER CEVIAN SAYS "CONVINCED THIS IS THE RIGHT WAY FORWARD FOR ABB, AND WE FULLY SUPPORT THE STRATEGIC DIRECTION OF THE BOARD AND MANAGEMENT".  Full Article

Hitachi Nears Deal Worth Up To $7 Bln For ABB's Power Grid Business - Nikkei
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - :HITACHI NEARS DEAL WORTH UP TO $7 BILLION FOR ABB'S POWER GRID BUSINESS - NIKKEI.  Full Article

ABB Wins $20 Million Order For Offshore Wind Transformers
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - ABB Ltd ::ABB LTD. - ABB WINS $20 MILLION ORDER FOR INNOVATIVE OFFSHORE WIND TRANSFORMERS.  Full Article

ABB names ex-GE exec Maryrose Sylvester to lead U.S. business

ZURICH ABB has appointed industrial and software specialist Maryrose Sylvester as the new head of its U.S. business, the Swiss engineering company said on Wednesday, replacing company veteran Greg Scheu, who is due to retire.