ABB
ABB emerged in 1988 from the merger of two formidable European industrial companies, Sweden's ASEA and Switzerland's Brown, Boveri & Cie, establishing itself as a global leader in electrification and automation technologies. The company has since evolved through strategic mergers, divestments, and technological innovation to power critical infrastructure and industry worldwide.
Quick Facts
- Founded
- 1883
- Founder
- Ludvig Fredholm
- Origin
- Sweden
Founders
Story Chapters
Timeline
Founding of ABB
Ludvig Fredholm established Elektriska Aktiebolaget in Sweden, marking the inception of what would become ABB.
Merger of ASEA and BBC
The merger of ASEA (Sweden) and BBC (Switzerland) formed ABB, creating a global leader in power and automation technologies.
Expansion into North America
ABB expanded its operations into North America, significantly increasing its market presence and technological influence.
Acquisition of Elsag Bailey Process Automation
ABB acquired Elsag Bailey, enhancing its capabilities in process automation and control systems.
Financial Restructuring
ABB underwent a major financial restructuring to address debts and refocus its business strategy.
Entry into Renewable Energy
ABB invested in renewable energy technologies, aligning with global shifts towards sustainable energy solutions.
Acquisition of Thomas & Betts
The acquisition of Thomas & Betts expanded ABB's product portfolio, particularly in low voltage products.
Divestment of Power Grids to Hitachi
ABB sold its power grids division to Hitachi, focusing more on automation and digital industries.
Launch of ABB Ability
ABB launched ABB Ability, a suite of digital solutions aimed at enhancing industrial efficiency and performance.
Commitment to Carbon Neutrality
ABB pledged to achieve carbon neutrality by 2030, reinforcing its commitment to sustainability and innovation.
Connected Across The Archives
Explore specific connections to other archives—civilizations, conflicts, dynasties, and treaties that share history with this company.
Civilization Archive
(3)Austrian Empire
ABB emerged during the Austrian Empire's prominence, a time when industrial advances were crucial to Europe's political and economic shifts.
Hanseatic League
The Hanseatic League's trade networks established economic foundations that industrial companies like ABB in Sweden would later build upon.
Kingdom of Sweden
Founded in Sweden, ABB reflects the industrial expansion that marked the Kingdom of Sweden's influence in the late 19th century.
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