Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘abb’

ABB Names Björn Rosengren as CEO

Posted by fidest press agency su mercoledì, 14 agosto 2019

The Board of ABB has unanimously appointed Björn Rosengren, as Chief Executive Officer. He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter Voser will revert to his position at ABB solely as Chairman of the Board. Björn Rosengren (60), a Swedish citizen, is a highly experienced, international executive and leader of industrial businesses. He has been the CEO of Sandvik, a high-tech global engineering group, since 2015. During this time, he has overseen the successful implementation of a decentralized structure and improved both the profitability and financial strength of Sandvik. Prior to that, he was CEO of Wärtsilä Corporation, which manufactures and services power sources and other equipment for the marine and energy markets (2011-2015) and spent some thirteen years (1998-2011) in a variety of management roles at Atlas Copco, a world leading provider of sustainable productivity solutions.
“The Board is pleased that Björn Rosengren will be taking the lead at ABB, bringing with him a proven track record of value creation and exactly the managerial skills ABB needs during the next stage of its transformation,” said ABB Chairman and current CEO, Peter Voser. “After undertaking a thorough search, the Board is convinced that Björn Rosengren is the best candidate for the role. He understands how to establish successful decentralized organizations, empower people and demonstrates the culture of cooperation and high performance. Together with our strong management team, he will drive ABB’s strategy and deliver long-term value to all our stakeholders.”CEO-designate, Björn Rosengren, said: “I am honored to have the opportunity to join ABB, a truly global technology leader, after I have completed my current commitments. At such a pivotal time for manufacturing industries, ABB must continue to best serve the needs of global customers with a unique technology and digital solutions portfolio to help enhance their productivity. I look forward to working with my new colleagues around the globe to enhance value through the delivery of the group strategy and fully empowering our businesses and people.”

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ABB to Exit Solar Inverter Business

Posted by fidest press agency su giovedì, 11 luglio 2019

ABB and the Italian company FIMER S.p.A announced today that they have signed an agreement for FIMER to acquire ABB’s solar inverter business. The transaction will enhance the future prospects of the solar inverter business and will enable ABB to focus its business portfolio on other growth markets.ABB’s solar inverter business has approximately 800 employees in more than 30 countries, with manufacturing and R&D sites located in Italy, India and Finland. It includes the solar inverter business from Power-One which was acquired by ABB’s Discrete Automation and Motion division in 2013. The business offers a comprehensive portfolio of products, systems, and services for different types of solar installations. It is currently within ABB’s Electrification business and achieved revenues of approximately $290 million in 2018.Both companies will ensure a smooth transition for customers and employees. FIMER will honor all existing warranties and ABB will compensate FIMER for taking the business and its liabilities over.As a result, ABB expects to take an after-tax non-operational charge of approximately $430 million in the second quarter of 2019 with the half-year results of 2019 being impacted accordingly. Around 75 percent of this charge is represented by cash outflows ABB will pay to FIMER from the deal closing date through 2025. In addition, ABB expects up to $40 million of carve-out related separation costs starting in the second half of 2019.After closing of the transaction, ABB expects the operational EBITA margin for the Electrification business to be impacted positively by slightly more than 50 basis points, supporting the business’ progress towards its target margin corridor of 15-19 percent.Completion is expected in the first quarter of 2020 and will be subject to certain conditions, including the completion of the carve-out and prior consultation with employee representative bodies.

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ABB publishes 2018 Annual Report

Posted by fidest press agency su domenica, 31 marzo 2019

ABB Ltd has published its 2018 annual report on its website and has filed the annual report on Form 20-F with the United States Securities and Exchange Commission.The 2018 annual report is now available electronically at http://www.abb.com/groupreports. It provides comprehensive information on the company and its strategy, business, governance and financial performance.Shareholders may request a printed copy of the annual report via this link. It will be distributed when it becomes available.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. http://www.abb.com

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ABB and Formula E celebrate partnership at 50th race in Hong Kong

Posted by fidest press agency su venerdì, 15 marzo 2019

ABB CEO Ulrich Spiesshofer has congratulated Formula E chairman/ founder Alejandro Agag on the continued success of the ABB Formula E Championship, with the presentation of a specially commissioned pitboard to mark the series’ 50th race.In support of the title partnership, ABB this year became official charging partner of the Jaguar I-PACE eTROPHY, which races with the ABB Formula E championship. ABB Terra 53 DC chargers power the I-PACE SUV racecars throughout their race weekend.As the world leader in electric vehicle infrastructure, ABB has sold 10,500 DC chargers, including high power chargers up to 350 kW, across 73 countries – more than any other manufacturer. ABB entered the EV-charging market back in 2010 and offers the full range of charging solutions for electric cars, electric and hybrid buses as well as electrification solutions for ships and railways.Ahead of the 50th round of the ABB FIA Formula E Championship, heavy morning rain left the track surface damp and treacherous for competitors. But a thrilling race resulted in victory for Sam Bird, of Envision Virgin Racing, with Edoardo Mortara (Venturi) second and Lucas Di Grassi (Audi Sport Abt Schaeffler) third.The series’ global tour will continue in two weeks with a first race in Sanya, which marks a return for the championship to mainland China for the first time since 2015.

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