# ABB Group

> Swedish-Swiss robotics and electrical equipment company

**Wikidata**: [Q52825](https://www.wikidata.org/wiki/Q52825)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/ABB)  
**Source**: https://4ort.xyz/entity/abb

## Summary

ABB Group is a public company with the legal form Aktiengesellschaft. It was founded on February 8, 1988.

## Summary
ABB Group is a Swedish-Swiss public company specializing in robotics and electrical equipment. Founded in 1988 through the merger of ASEA and Brown, Boveri & Cie, it operates as a global leader in power and automation technologies. The company is listed on multiple stock exchanges, including the New York Stock Exchange and the Swiss Stock Exchange, reflecting its international presence and financial transparency.

## Key Facts
* Founded in 1988 through the merger of ASEA (Swedish) and Brown, Boveri & Cie (Swiss)
* Headquartered in Zurich, Switzerland, with additional operations in Västerås, Sweden
* Publicly traded company with shares listed on the New York Stock Exchange (NYSE: ABB) and the Swiss Stock Exchange (SIX: ABBN)
* Specializes in robotics, power and automation technologies, and industrial software
* Part of the Swiss Market Index, tracking the 20 largest companies on the SIX Swiss Exchange
* Owned by major investors including Investor, Cevian Capital, and BlackRock
* Formerly known as ASEA Brown Boveri (ABB) and ABB Ltd
* Member of organizations such as the Swiss Confederation, the United Nations, and the World Trade Organization
* Has subsidiaries including ABB Oy (Finland) and Adtranz (Germany)
* Key people associated with ABB include Indra Nooyi (former CEO of PepsiCo), Ulrich Spiesshofer (executive), and Peter Voser (Swiss chief executive)
* Revenue of $28.588 billion (2023) and net profit of $2.213 billion (2023)
* Total assets of $43.262 billion (2023)
* Employees: 110,000 (2023)
* Website: [https://global.abb/](https://global.abb/)

## FAQs
**What industries does ABB Group operate in?**
ABB Group operates in robotics, power and automation technologies, and industrial software. It is a global leader in electrical equipment and industrial automation solutions.

**Where is ABB Group headquartered?**
ABB Group is headquartered in Zurich, Switzerland, with additional operations in Västerås, Sweden. Its primary headquarters is in Zurich, reflecting its Swiss-Swedish heritage.

**What is ABB Group's financial status?**
ABB Group is a publicly traded company with shares listed on the New York Stock Exchange (NYSE: ABB) and the Swiss Stock Exchange (SIX: ABBN). It has a revenue of $28.588 billion and a net profit of $2.213 billion for 2023.

**Who are the key investors in ABB Group?**
Major investors in ABB Group include Investor, Cevian Capital, and BlackRock. These entities have significant ownership stakes in the company.

**What is ABB Group's history?**
ABB Group was founded in 1988 through the merger of ASEA (Swedish) and Brown, Boveri & Cie (Swiss). It has since evolved into a global leader in power and automation technologies.

**What are ABB Group's notable achievements?**
ABB Group is notable for its role in the Swiss Market Index, its international presence, and its contributions to the electrical engineering and robotics industries. It has a strong track record of innovation and financial stability.

## Why It Matters
ABB Group plays a critical role in the global economy by providing essential electrical equipment and automation solutions. Its technologies are foundational to industries ranging from manufacturing and energy to healthcare and transportation. As a publicly traded company, ABB Group offers transparency and stability, attracting investors and supporting economic growth. Its innovations in robotics and power technologies drive efficiency, sustainability, and technological advancement. By operating in both Sweden and Switzerland, ABB Group bridges Nordic and European markets, fostering international collaboration and trade. The company's financial performance and global presence underscore its significance as a leader in the electrical engineering and automation sectors.

## Notable For
* Being a pioneer in the merger of ASEA and Brown, Boveri & Cie, creating a global powerhouse in electrical engineering
* Listing on major stock exchanges, including the New York Stock Exchange and the Swiss Stock Exchange, reflecting its international financial standing
* Inclusion in the Swiss Market Index, tracking the performance of the 20 largest companies on the SIX Swiss Exchange
* Operating in both Sweden and Switzerland, with headquarters in Zurich and additional operations in Västerås
* Specializing in robotics, power and automation technologies, and industrial software, positioning it as a leader in industrial solutions
* Having a strong financial profile with revenue of $28.588 billion and net profit of $2.213 billion for 2023
* Employing over 110,000 people globally, demonstrating its extensive workforce and operational reach
* Being a member of key international organizations, including the Swiss Confederation, the United Nations, and the World Trade Organization

## Body

### Definition and Core Characteristics
ABB Group is a Swedish-Swiss public company specializing in robotics and electrical equipment. It was founded in 1988 through the merger of ASEA (Swedish) and Brown, Boveri & Cie (Swiss), becoming a global leader in power and automation technologies. The company is headquartered in Zurich, Switzerland, with additional operations in Västerås, Sweden. ABB Group is publicly traded, with shares listed on the New York Stock Exchange (NYSE: ABB) and the Swiss Stock Exchange (SIX: ABBN). It operates in multiple industries, including robotics, power and automation technologies, and industrial software.

### History and Evolution
ABB Group was established in 1988 through the merger of ASEA and Brown, Boveri & Cie. ASEA, founded in 1883, was a Swedish industry company specializing in electrical equipment, while Brown, Boveri & Cie, established in 1891, was a Swiss company in the same field. The merger created ABB Group, which has since become a global leader in electrical engineering and automation. The company has evolved through strategic acquisitions and innovations, expanding its presence in both Sweden and Switzerland.

### Financial and Operational Metrics
ABB Group has a strong financial profile, with revenue of $28.588 billion and net profit of $2.213 billion for 2023. Its total assets are $43.262 billion, reflecting its financial stability and growth. The company employs over 110,000 people globally, demonstrating its extensive operational reach. ABB Group is listed on major stock exchanges, including the New York Stock Exchange and the Swiss Stock Exchange, providing transparency and attracting investors.

### Industry and Market Position
ABB Group specializes in robotics, power and automation technologies, and industrial software. It is a leader in the electrical engineering and automation sectors, providing solutions for industries such as manufacturing, energy, healthcare, and transportation. The company's technologies are foundational to modern industrial operations, driving efficiency, sustainability, and innovation. ABB Group's inclusion in the Swiss Market Index, tracking the performance of the 20 largest companies on the SIX Swiss Exchange, underscores its significance in the global market.

### Global Presence and Investors
ABB Group operates in both Sweden and Switzerland, with headquarters in Zurich and additional operations in Västerås. Its international presence is supported by major investors, including Investor, Cevian Capital, and BlackRock. These entities have significant ownership stakes in the company, contributing to its financial stability and growth. ABB Group's global network of investors and operations reflects its international standing and influence.

### Key People and Leadership
Key individuals associated with ABB Group include Indra Nooyi, former CEO of PepsiCo, Ulrich Spiesshofer, an executive, and Peter Voser, a Swiss chief executive. These leaders have played significant roles in shaping the company's direction and achievements. The company's leadership team is composed of experienced professionals who drive innovation and strategic growth.

### Subsidiaries and Affiliations
ABB Group has subsidiaries including ABB Oy (Finland) and Adtranz (Germany). These entities operate in the electrical engineering and automation sectors, supporting ABB Group's global presence and operational reach. The company is affiliated with key organizations and individuals, including the Swiss Confederation, the United Nations, and the World Trade Organization. These affiliations enhance ABB Group's international standing and influence.

### Related Entities and Ecosystem
ABB Group is part of the Swiss Confederation and a member of key international organizations, including the United Nations and the World Trade Organization. It operates in collaboration with entities such as Investor, Cevian Capital, and BlackRock, reflecting its international financial standing. The company's ecosystem includes a network of subsidiaries, investors, and affiliated organizations that support its global operations and growth.

### Location and Infrastructure
ABB Group's headquarters are located in Zurich, Switzerland, with additional operations in Västerås, Sweden. The company's infrastructure supports its global presence and operational reach, enabling it to serve clients and investors worldwide. Its strategic locations in both Sweden and Switzerland facilitate its international operations and market presence.

### Future Outlook and Innovations
ABB Group continues to innovate in the fields of robotics, power and automation technologies, and industrial software. The company's focus on sustainability, efficiency, and technological advancement positions it as a leader in the electrical engineering and automation sectors. Its future outlook is supported by strategic investments, technological innovations, and a commitment to global excellence.

## References

1. [Source](https://www.lobbyfacts.eu/datacard/abb-ltd?rid=7790041608-14)
2. [Source](https://new.abb.com/locations/group-headquarters)
3. [Morten Wierød blir sjef for industrikonsernet ABB: – Jeg er takknemlig. Norwegian Broadcasting Corporation. 2024](https://www.nrk.no/vestfoldogtelemark/morten-wierod-blir-sjef-for-industrikonsernet-abb_-_-jeg-er-takknemlig-1.16775343)
4. [ABB appoints Morten Wierod to succeed Björn Rosengren as CEO. ABB Group. 2024](https://new.abb.com/news/detail/112917/abb-appoints-morten-wierod-to-succeed-bjorn-rosengren-as-ceo)
5. GRID Release 2017-01-10
6. Virtual International Authority File
7. [Source](https://new.abb.com/docs/librariesprovider7/documentacion-clientes/presentaci%C3%B3n-abb-en-espa%C3%B1a-2018-es.pdf)
8. [Source](https://www.six-swiss-exchange.com/shares/security_info_de.html?id=CH0012221716)
9. [Source](http://www.unife.org/about-us/members.html)
10. [Source](https://www.evolen.org/annuaire-professionnel/abb/)
11. Bundestag Lobby Register
12. [Source](http://www.archiefbank.be/dlnk/AE_1453)
13. [Source](https://global.abb/group/en/about/corporate-governance/board-of-directors/peter-voser)
14. Freebase Data Dumps. 2013
15. [ABB Group Q4 2024 Press Release](https://search.abb.com/library/Download.aspx?DocumentID=9AKK108470A6725&LanguageCode=en&DocumentPartId=&Action=Launch)
16. Google Knowledge Graph
17. [Source](http://km.aifb.kit.edu/services/crunchbase/)
18. [ABB Group Annual Report 2021](https://search.abb.com/library/Download.aspx?DocumentID=9AKK108466A5900)
19. [Source](https://global.abb/group/en/investors/results-and-reports/2019)
20. [Yahoo! ABB Ltd (ABB) Stock Info](https://finance.yahoo.com/quote/ABB/)
21. [Source](https://new.abb.com/investorrelations/company-profile/facts-figures)
22. GRID Release 2015-12-14
23. GRID Release 2016-12-06
24. Quora
25. [Source](https://library.e.abb.com/public/4790c4296c5146e6ab4420c7d58f8088/ABB%20Sustainability%20Report%202023.pdf?x-sign=J8XORiFwReXhGJscjFPNbWWlXyHIp0NR9tblxaUjv5E3HVcIhN1s51ECDCZZrStU)
26. [Source](https://library.e.abb.com/public/3385be80e3d54b02aceb9ddd3627e0a4/Sustainability%20Statement%202024.pdf?x-sign=1K9OHSQKP5jFm9sXEbY6mxj5uS59kIpByGtRZ4%2BFphq9k2ffvjgqYGcTtaP5RsSd)
27. [Source](https://golden.com/wiki/ABB_Group-9456K)
28. FactGrid
29. National Library of Israel Names and Subjects Authority File
30. Name Suggestion Index
31. [OpenAlex](https://docs.openalex.org/download-snapshot/snapshot-data-format)
32. Wikirate