ABB’s electric vehicle kits will be up against the best of competition at Hannover Messe Provided this year’s Hannover Messe fair proceeds as newly scheduled, there should be an excellent selection of new gadgets to peruse, as usual. Just in case the coronavirus cancels plans, however, here’s some sneak previews. The innovation-packed trade fair, which […]
Continue readingA Day at the Market
New market analysis shows changing landscape A new report was released by HTF Market Intelligence this Monday, showing the current market shares held by major electrical apparatus companies and predicting future growth. The research covers the current market size of the global electrical apparatus market and its growth rates based on five-year history data along with company […]
Continue readingPower 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 […]
Continue readingBig 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 […]
Continue readingForbes’ list of global companies includes familiar industry names
Forbes Magazine has published an updated list of the world’s largest public corporations compiled from recent May data. Of the 1,999 companies list some familiar names from the electromechanical, energy, and electronics aftermarket can be found. The data shows General Electric as the fourth largest public company while the Sulzer Group (a Swiss consulting firm […]
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