Editing ABB (section)

{{Short description|Swedish–Swiss multinational robotics and electrical equipment company}}
{{Other uses|ABB (disambiguation)}}
{{Use dmy dates|date=April 2019}}
{{Infobox company
| name = ABB
| logo = ABB logo.svg
| logo_size = 200px
| trading_name = ABB
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list
| {{SWX|ABBN}}
| {{OMX|SSE3966|ABB}}
| [[Swiss Market Index|SMI]] component
| [[OMX Stockholm 30]] component
}}
| predecessors = {{unbulleted list|[[ASEA]]|[[Brown, Boveri & Cie]]}}
| foundation = {{Start date and age|1988|df=y}}
| hq_location = [[Zürich, Switzerland]]<ref>{{cite web |title=ABB Group Headquarters |url=https://new.abb.com/locations/group-headquarters |website=Locations |access-date=10 May 2025 |language=en}}</ref>
| key_people = {{unbulleted list|[[Peter Voser]] ([[chairman]])|[[Morten Wierod]] ([[CEO]])<ref>{{cite web |url=
https://global.abb/group/en/about/corporate-governance/executive-committee/morten-wierod
|title=Morten Wierod |author=<!--Not stated--> |date=2024-08-01 |website=ABB |access-date=2024-08-07 |quote=}}</ref>}}
| area_served = [[World|Worldwide]]
| industry = [[Electrical equipment]]
| revenue = {{increase}} {{US$|32.2}}{{nbsp}}billion
| revenue_year = 2023
| operating_income = {{increase}} {{US$|4.87}}{{nbsp}}billion
| income_year = 2023
| net_income = {{increase}} {{US$|3.82}}{{nbsp}}billion
| net_income_year = 2023
| assets = {{increase}} {{US$|40.9}}{{nbsp}}billion
| assets_year = 2023
| equity = {{increase}} {{US$|14.1}}{{nbsp}}billion
| equity_year = 2023
| owners = {{unbulleted list
| [[Investor AB]] (10%)
| [[Cevian Capital]] (5%)
| (as of February 2023)
}}
| num_employees = {{circa|105,000}}
| num_employees_year = [[2023]]
| homepage = {{URL|https://global.abb/}}
| footnotes = <ref name="art">{{cite report |author= ABB Ltd |date= 22 May 2024 |title= Articles of Incorporation of ABB Ltd, Zurich |url= https://search.abb.com/library/Download.aspx?DocumentID=7ABA145857&LanguageCode=en&DocumentPartId=&Action=Launch |access-date= 31 October 2024}}</ref><ref name="AR2023">{{Cite web |url= https://www.sec.gov/ix?doc=/Archives/edgar/data/1091587/000110465924026633/abb20231231.htm |title= ABB Group Annual Report 2023 |date= 23 February 2024 |website=US Securities and Exchange Commission}}</ref><ref name="ABB Annual Report 2018">{{cite web |title= ABB Annual Report 2018|url=http://search.abb.com/library/Download.aspx?DocumentID=9AKK107492A1740&LanguageCode=en&DocumentPartId=&Action=Launch |website= ABB Ltd |access-date= 28 March 2019}}</ref><ref name="shareholders">{{cite web |url= https://new.abb.com/investorrelations/investor-and-shareholder-resources/major-shareholders |title= ABB – Major shareholders |website= ABB Ltd |access-date= 27 April 2022}}</ref>
[[File:ABB world map.svg|center|thumb|Countries where ABB is present, 2022.]]
}}

'''ABB Group''' is a Swedish-Swiss<ref>{{Cite web |date=2017 |title=End to end industry 4.0 solutions |url=https://library.e.abb.com/public/a46a429543074c1ba5ad5a501e4226f6/Business_Trends_74th_edition_p59_interview_Morten_Wierod.pdf?x-sign=rOJEyzCUa3CdiCofGy3bEeSyU46tsMRCNEIpF9uMJc4sHE7QhusAf5VFZ0n8a4UA |website=abb.com Business Magazine for International Enterprise}}</ref><ref>{{Cite web |date=2024-07-14 |title=ABB's Divisions Are Also Startup Investors - WSJ |url=https://www.wsj.com/articles/abbs-divisions-are-also-startup-investors-ea6f3fba |access-date=2024-12-05 |website=archive.is |archive-date=14 July 2024 |archive-url=https://archive.today/20240714072656/https://www.wsj.com/articles/abbs-divisions-are-also-startup-investors-ea6f3fba |url-status=bot: unknown }}</ref><ref>{{Cite web |date=2022-12-03 |title=ABB to pay $315 mn to settle US charges over South Africa bribes |url=https://www.france24.com/en/live-news/20221203-abb-to-pay-315-mn-to-settle-us-charges-over-south-africa-bribes |access-date=2024-12-05 |website=France 24 |language=en}}</ref> [[Multinational corporation|multinational]] [[electrical engineering]] corporation. Incorporated in Switzerland as '''ABB Ltd.''', and headquartered in [[Zurich]], it is [[Dual-listed company|dual-listed]] on the [[Nasdaq Nordic]] exchange in [[Stockholm]], Sweden, and the [[SIX Swiss Exchange]] in Zurich.<ref>{{cite web |title=Share Listing data |url=https://global.abb/group/en/investors/investor-and-shareholder-resources/share-listing |website=ABB Ltd}}</ref> ABB was ranked 340th in the [[Fortune Global 500]] list of [[2020]] and has been a global [[Fortune 500]] company for 24 years.<ref>{{cite web |title= Fortune 500 – ABB |url= http://fortune.com/global500/abb/ |work= [[Fortune (magazine)|Fortune]] |access-date= 8 August 2018 |archive-date= 2 May 2019 |archive-url= https://web.archive.org/web/20190502162622/http://fortune.com/global500/abb/ }}</ref>

ABB was formed in 1988, when [[Sweden]]'s [[ASEA|Allmänna Svenska Elektriska Aktiebolaget]] (ASEA) and [[Switzerland]]'s [[Brown, Boveri & Cie]] merged to create '''Asea Brown Boveri''', later simplified to the initials ABB. Both companies were established in the late 1800s and grew into major [[Electrical device|electrical equipment]] manufacturers, a business in which ABB remains active. Its traditional core activities include power generation, transmission and distribution; [[Automation|industrial automation]], and [[robotics]]. Between 1989 and 1999, the company was also active in the [[rolling stock]] manufacturing sector. Throughout the 1990s and 2000s, ABB acquired hundreds of other companies, often in central and eastern Europe, as well as in Asia and North America.

On occasion, the company's operations have encountered controversy. During 2001, an ABB entity pleaded guilty for [[corruption|bid rigging]]; the firm has also had three US [[Foreign Corrupt Practices Act]] bribing resolutions against it; in 2004, 2010, and 2022.<ref name="rfi.fr2022-12-03">{{Cite web |url= https://www.rfi.fr/en/business-and-tech/20221203-abb-to-pay-315-mn-to-settle-us-charges-over-south-africa-bribes |title= ABB to pay $315 mn to settle US charges over South Africa bribes |date= 3 December 2022 |work= [[Radio France Internationale|RFI]] |agency=Agence France-Presse |language= en |access-date= 5 December 2022}}</ref> In early 2002, ABB announced its first-ever annual loss, which was attributed to [[asbestos]]-related litigation. Within three years, the company had successfully restructured its operations. During the 2010s, ABB largely focused its growth strategy on the robotics and industrial automation sectors. Before the sale of its Power Grids division to [[Hitachi]] in 2020, ABB was Switzerland's largest industrial employer.<ref>{{cite web |title= Das sind künftig die grössten Arbeitgeber der Industrie |url= https://www.handelszeitung.ch/unternehmen/das-sind-kunftig-die-grossten-arbeitgeber-der-industrie#:~:text=ABB%20war%20bisher%20der%20gr%C3%B6sste,Stromnetz-Sparte%20%C3%A4ndert%20sich%20das.&text=Mit%20dem%20Verkauf%20der%20Stromsparte,gr%C3%B6sster%20Arbeitgeber%20in%20der%20Industriebranche |work= [[Bilanz]] |language= de |access-date= 13 November 2020}}</ref>