Tag Archives: ABB

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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Reinforcements

ABB brings in ex-Siemens exec to revive struggling automation division Switzerland’s ABB Ltd has hired a former Siemens executive to run a division that makes motors, generators, and robots and whose profit margins have shrunk for five straight quarters amid sluggish demand for its products, the engineering company said in a statement Monday. ABB named Sami Atiya as […]

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Famous Faces

At Hannover Messe, Obama and Merkel tour the floor After recapping Hannover Messe last week, compelling moments from the trade fair continue to trickle in. Two of the most recognizable world leaders standing in front of a model of an electric motor is a great place to start. President Barack Obama and German Chancellor Angela Merkel (who […]

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