Tag Archives: ABB

Speed Demons

ABB and Formula E partner for $15M motorsport sponsorship With its latest move, ABB has all the appearance of a company that’s in another lane. The Swiss conglomerate confirmed a sponsorship deal with Formula E, the first all-electric racing series, in a press release January 8. Reports project the deal to be worth around $15 […]

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A Bluesy Note

ABB to discontinue production in St. Louis; 120 jobs lost ABB announced Monday that it would discontinue production at its St. Louis facility, where power transformers are made, as part of a larger realignment to its power grid business. The Swiss engineering group’s Power Grids division has dropped by 9 percent in 2017, making it […]

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Power Move

ABB buys GE’s industrial solutions unit for $2.6 billion Swiss power firm ABB said it will buy General Electric’s industrial solutions unit for $2.6 billion, the companies announced Monday. For ABB, the acquisition targets a number one spot in the electrification market, where it currently competes with Schneider in utilities equipment services and power grid […]

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Expansion Teams, Pt. 2

Flanders again buys up new property for repair Flanders, the Evansville, Indiana-based manufacturer of heavy industry electric motors and generators, is breaking ground on a 6,750-square-foot administrative and warehouse building, adding to its footprint at 5785 S. Belvedere Ave., in Tucson. The company currently operates a 10,000 sq. foot repair facility off of Interstate 10. […]

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ABB Wins Iraq Order

Substation to connect new power plant near Basra to national grid ABB announced Wednesday it has won an order to supply and install a substation at the 3,000 megawatt Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Shamara Holding Group (SHG), one of Iraq’s […]

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Industry News

Sometimes there’s just too much going on. If ‘Mergers & Acquisitions’ were a weekly edition, all of us would die of boredom. However, when important companies make decisions, money moves around, and new ideas come on the market, it can’t be left alone. That’s why the ‘Industry News’ block saves the day every month or […]

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ABB: A Bad Break

ABB uncovers criminal activity in its South Korea subsidiary ABB has uncovered a “sophisticated criminal scheme”, related to a significant embezzlement and misappropriation of funds in its South Korean subsidiary ABB Korea, the company reported February 22. The amount is estimated to be around 100 million dollars. The man responsible for the scheme is reportedly Oh […]

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Big Name Round-up

News from Toshiba, Siemens, ABB, Schneider, and more… Names familiar to EA readers have caught headlines recently, for a multitude of reasons. Here’s a summation of recent activity that includes some of the more recognizable names in the industry. ABB inks offshore project with Statoil off Norway. The company has signed a “project specific agreement” for the […]

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Need A Lift?

In the Swiss Alps, ABB powers first chairlift for the disabled In Switzerland, some holiday uplift for even the crankiest scrooge. Beginning this winter season at the Madrisa ski resort in the Swiss Alps, a new, wheelchair-accessible chairlift model is in operation. The handicap and disabled-friendly Madrisa 6-seater lift is the first of its kind, and […]

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Smart Sensors

ABB among companies to roll out new line of solutions Like it or not, maintenance is maturing. There are just as many solutions being unveiled now that use cloud technology and remote capability as there is everything else. In what some are calling a “new era”, spearheaded by remote condition monitoring for low voltage motors, […]

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