Swiss industrial group ABB on Thursday announced plans to spin off its robotics division in the biggest shake up at the company since it sold its power grids business to Japan's Hitachi in 2018.

The revenue of ABB in the US was close to $9 billion in 2024, accounting for roughly 27 percent of the ABB Group total. With approximately 17,000 people across the US, ...

During the three months to Sept. 30, the first results since Wierod became CEO, ABB increased its operational core profit by 11% to $1.55 billion, slightly ahead of forecasts for $1.52 billion in ...

ZURICH (AP) — ZURICH (AP) — ABB Ltd. (ABBNY) on Thursday reported second-quarter profit of $1.15 billion. On a per-share basis, the Zurich-based company said it had net income of 63 cents. The ...

Wide-moat ABB comfortably met its expectations set during fiscal 2023, achieving a record EBITA margin of 16.9%, marginally beating our 16.7% estimate. The 160-basis-point improvement in operating ...

Switzerland-based ABB is making a $40 million investment to expand its Senatobia, Mississippi, facility, which will create 200 new jobs, according to a news release. The company is also investing ...

ZURICH, June 17 (Reuters) - ABB ABBN.S Chief Digital Officer Guido Jouret is to leave the Swiss engineering company as part of new Chief Executive Bjorn Rosengren's plan to scale back its ...

ABB employs 17,000 across 40 manufacturing, distribution, and R&D locations in 20 states. This investment in Senatobia is the latest in ABB’s $3 billion of investments in the U.S. since 2017.

The Zurich-headquartered ABB announced in April that it will spin off its robotics division in full. The intention is for the business to start trading as a separately listed company during the ...

ZURICH (Reuters) -Swiss industrial group ABB on Thursday announced plans to spin off its robotics division in the biggest shake up at the company since it sold its power grids business to Japan's ...