Editing ABB (section)

== History ==
=== Predecessor companies and formation ===
{{See also|ASEA|Brown, Boveri & Cie}}
[[File:ASEA1947.jpg|left|thumb|Interior of the assembly hall at ASEA in Västerås, Sweden, 1947.]]
[[ASEA|Allmänna Svenska Elektriska Aktiebolaget]] (ASEA, English translation: General Swedish Electrical Limited Company) was founded in 1883 in [[Västerås|Västerås, Sweden]] by Ludvig Fredholm<ref name="Ludvig Fredholm">{{Cite web |url= https://global.abb/group/en/about/history |title= History of ABB |website= ABB Ltd}}</ref> as manufacturer of electrical light and generators.<ref>{{Cite web |url= https://www.europeanceo.com/profiles/abb-group-profits-from-ulrich-spiesshofers-automation-gamble/ |title= ABB Group profits from Ulrich Spiesshofer's automation gamble |date= 18 January 2018 |website= European CEO |language= en-US |access-date= 6 February 2020}}</ref>

[[Brown, Boveri & Cie]] (BBC) was formed in 1891 in [[Zürich|Zurich, Switzerland]] by [[Charles Eugene Lancelot Brown]] and [[Walter Boveri]]<ref name="Walter Boveri">{{Cite web |url= https://new.abb.com/news/detail/639/electrifying-founders |title= Electrifying founders |website= ABB Ltd}}</ref> as a Swiss group of electrical engineering companies producing [[AC motor|AC]] and [[DC motor]]s, generators, steam turbines and transformers.

On 10 August 1987, ASEA and BBC announced they would merge to form ASEA Brown Boveri (ABB).<ref name=":1">{{Cite news |title= BBC-Brown, Boveri and Asea Announce Merger |url= https://apnews.com/article/9d699a81e7edcd99c39f324b1ce41a38 |access-date= 9 October 2020 |work= [[AP News]]}}</ref> The new corporation would remain headquartered in both Zurich, Switzerland and Västerås, Sweden, with each parent company holding 50 percent. The merger created a global industrial group with revenue of approximately $15 billion and 160,000 employees.<ref name=":1" />

When ABB began operations on 5 January 1988, its core operations included power generation, transmission and distribution; electric transportation; and industrial automation and robotics.

In its first year, ABB undertook some 15 acquisitions, including the environmental control group Fläkt AB of Sweden, the contracting group Sadelmi/Cogepi of Italy, and the railway manufacturer Scandia-Randers A/S of Denmark.<ref>{{Cite web |last= Crainer |first= Stuart |title= "A.B.B., the Dancing Giant" by Kevin Barham and Claudia Heimer |url= https://www.strategy-business.com/article/9904?gko=4d18f |access-date= 9 October 2020 |website= strategy+business |language= en}}</ref> During 1989, ABB purchased an additional 40 companies, including Westinghouse Electric's transmission and distribution assets, and announced an agreement to purchase the Stamford, Connecticut-based [[Combustion Engineering]] (C-E).<ref>{{Cite news |last= Cole |first= Robert J. |date= 14 November 1989 |title= Combustion To Merge With ABB |language= en-US |work=[[The New York Times]] |url= https://www.nytimes.com/1989/11/14/business/combustion-to-merge-with-abb.html |access-date= 9 October 2020 |issn= 0362-4331}}</ref>

===1990s===
During 1990, ABB bought the robotics business of Cincinnati Milacron in the US. The acquisition expanded ABB's presence in automated spot-welding and positioned the company to better serve the American automotive industry. ABB's 1991 introduction of the IRB 6000 robot, demonstrated its increased capacity in this field. The first modular robot, the IRB 6000, can be reconfigured to perform a variety of specific tasks. At the time of its launch, the IRB 6000 was the fastest and most accurate spot-welding robot on the market.{{Citation needed|date=December 2023}}

In the early 1990s, ABB started expanding in [[Central Europe|Central]] and [[Eastern Europe]]. By the end of 1991, the company employed 10,000 people in the region. The following year, that number doubled. A similar pattern played out in Asia, where [[Chinese economic reform|economic reforms in China]] and the lifting of some [[economic sanctions]], helped open the region to a new wave of outside investment and industrial growth. By 1994, ABB had 30,000 employees and 100 plants, engineering, service and marketing centers across Asia; numbers that would continue to grow. Through the 1990s, ABB continued its strategy of targeted expansion in Eastern Europe, the [[Asia–Pacific]] region and the Americas.{{Citation needed|date=December 2023}}

In 1990, ABB also expanded into Australia when it acquired [[Commonwealth Engineering]]'s (Comeng) [[Dandenong rolling stock factory|plant in Dandenong]], Melbourne.<ref>Here & There, ''[[Australian Railway History|Australian Railway Historical Society Bulletin]]'', issue 633, July 1990, page 176</ref><ref>ASEA Brown Boveri ''[[Continental Railway Journal]]'' issue 84 December 1990 page 451</ref> ABB continued to manufacture Comeng's [[B-class Melbourne tram]] at the plant. However, it did not continue manufacturing Comeng's Adelaide [[3000 class railcar]], which was manufactured by [[Clyde Engineering]] instead.<ref>{{cite book|last=Dunn|first=John|title=Comeng: A History of Commonwealth Engineering Volume 5: 1985-2012|year=2012|publisher=Rosenberg Publishing|location=Kenthurst|pages=77–86|isbn=978-1-922013-52-1}}</ref>

During 1995, ABB agreed to merge its rail engineering unit with that of [[Mercedes-Benz Group|Daimler-Benz]] of Germany; the goal of this arrangement was to create the world's largest maker of locomotives and railway cars. The new company, ABB Daimler-Benz Transportation ([[Adtranz]]), had an initial global market share of nearly 12 percent.<ref>{{cite magazine |title = ABB joins forces with Daimler-Benz |magazine = [[Rail (magazine)|Rail]] |issue = 249 |date = 29 March 1995 |page = 6}}</ref><ref>{{cite magazine |title= Rivals to merge |magazine= [[Railway Gazette International]] |issue= 1 January 1996 |page= 197}}</ref> The merge took effect on 1 January 1996.<ref>{{cite magazine |title= Merger approved |magazine= [[Railway Gazette International]] |issue= December 1995 |page= 818}}</ref>

A few months following the start of the [[1997 Asian financial crisis]], ABB announced plans to accelerate its expansion in Asia as well as to improve the productivity and profitability of its Western operations. The firm took an $850 million restructuring charge and shed 10,000 jobs as the firm shifted more resources towards emerging markets and scaled back some of its facilities in higher-cost countries.<ref>{{cite news |url = https://www.business-standard.com/article/specials/abb-cuts-10-000-jobs-takes-850m-charge-197102301032_1.html |title = Abb Cuts 10,000 Jobs, Takes $850m Charge |work=Business Standard |date = 23 October 1997 }}</ref><ref>{{cite news |url = https://www.marketwatch.com/story/abb-to-take-850-million-charge-slash-costs-as-orders-weaken |title = ABB to take $850 million charge, cut costs |work=Market Watch |date = 19 December 2008 |first = Barbara |last = Kollmeyer}}</ref>

In June 1998, ABB announced that it would acquire Sweden-based Alfa Laval's automation unit, which at the time was one of Europe's top suppliers of process control systems and automation equipment.<ref>{{cite web |url= https://new.abb.com/news/detail/13470/abb-acquires-alfa-laval-automation |title= ABB acquires Alfa Laval Automation |website= ABB Ltd |date= 17 June 1998}}</ref>

During 1999, as a final step in the integration of the companies formerly known as ASEA and BBC, the directors unanimously approved a plan to create a unified, single class of shares in the group.{{Citation needed|date=December 2023}}

That same year, ABB completed its purchase of Elsag Bailey Process Automation, a Netherlands-based maker of industrial control systems, in exchange for $2.1 billion.<ref name="Bloomberg Elsag Bailey reference">{{cite news |url= https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=328241 |title= Elsag Bailey was acquired by ABB Group |date= 19 January 2024 |work= [[Bloomberg News]]}}</ref> The acquisition increased ABB's presence in the high-tech industrial robotics and factory control system sectors, which reducing its reliance on traditional heavy engineering sectors such as power generation and transmission.

In 1999, the company sold its stake in the Adtranz train-building business to [[Mercedes-Benz Group|DaimlerChrysler]]. Instead of building complete locomotives, ABB's transportation activities shifted increasingly toward traction motors and electric components.<ref>{{cite web |title= DaimlerChrysler buys ABB's share in Adtranz |url= https://new.abb.com/news/detail/13501/daimlerchrysler-buys-abbs-share-in-adtranz |website= ABB Ltd |date= 20 January 1999}}</ref> That same year, ABB and France-based [[Alstom]], announced the merger of their power generation businesses in a 50-50 joint company, ABB Alstom Power. Separately, in December 1999, ABB agreed to sell its nuclear power business to [[Great British Nuclear|British Nuclear Fuels]] of the United Kingdom.<ref>{{cite news |url= http://www.abb.com/cawp/seitp202/c1256c290031524b41256856003dc16c.aspx |title= Press release: ABB to sell nuclear business to BNFL |website= ABB Ltd |date= 29 December 1999 |access-date= 13 September 2009 |archive-date= 10 June 2011 |archive-url= https://web.archive.org/web/20110610135431/http://www.abb.com/cawp/seitp202/c1256c290031524b41256856003dc16c.aspx |url-status= dead }}</ref>

===2000s===
[[File:Float Glass Unloading.jpg|thumb|ABB robots handling [[float glass]] on a production line, 2008.]]
During 2000, ABB divested its interests in ABB Alstom Power and sold its boiler and fossil-fuel operations (including Gas turbines) to Alstom.<ref>{{cite web |url= https://new.abb.com/news/detail/13516/alstom-acquires-abbs-share-in-abb-alstom-power |title= ALSTOM acquires ABB's share in ABB ALSTOM POWER |website= ABB Ltd |date= 31 March 2000}}</ref> Thereafter, ABB's power business was focused on renewable energy and transmission and distribution.

In early 2002, ABB announced its first-ever annual loss, a $691 million net loss for 2001.<ref>{{cite web |url= https://new.abb.com/news/detail/13631/abb-posts-us-691-million-loss-for-2001-after-substantial-charges-cuts-net-debt-in-q4-by-us-22-billion-on-record-cash-flow |title= ABB posts US$ 691 million loss for 2001 after substantial charges, cuts net debt in Q4 by US$ 2.2 billion on record cash flow |website= ABB Ltd |date= 13 February 2002}}</ref> The loss was caused by ABB's decision to nearly double its provisions for settlement costs in [[asbestos]]-related litigation against its American subsidiary Combustion Engineering from $470 million to $940 million; these claims were linked to asbestos products sold by Combustion Engineering prior to its acquisition by ABB.<ref>{{cite news |url = https://www.bloomberg.com/news/articles/2002-03-03/how-asbestos-burned-abb |title = How Asbestos Burned ABB |work= Bloomberg |date = 3 March 2002}}</ref><ref>{{cite news |url = https://www.theguardian.com/business/2002/oct/23/12 |title = ABB share price suffers double blow |newspaper= The Guardian |first = Mark |last = Milner |date = 23 October 2002}}</ref> At the same time, ABB's board announced it would seek the return of money "paid in excess of obligations to Goran Lindahl and to Percy Barnevik," two former chief executive officers of the group. Barnevik received some $89 million in pension benefits when he left ABB in 2001; Lindahl, who succeeded Barnevik as CEO, had received $50 million in pension benefits.<ref>{{cite web |first= Edith M. |last= Lederer |url= http://www.corpwatch.org/article.php?id=1928 |title= UN: Swedish Businessman Loses Job |website= CorpWatch |date= 1 March 2002 |access-date= 12 December 2010 |archive-date= 16 June 2010 |archive-url= https://web.archive.org/web/20100616025356/http://corpwatch.org/article.php?id=1928 }}</ref><ref>{{cite web |url = https://www.theguardian.com/business/2002/jul/10/6 |title = ABB staff tried to bury losses |work = The Guardian |first = David |last = Gow |date = 10 July 2002 |url-status=live |archive-url=https://web.archive.org/web/20231218204750/https://www.theguardian.com/business/2002/jul/10/6 |archive-date= Dec 18, 2023 }}</ref>

In 2004, ABB sold its upstream oil and gas business, ABB Vetco Gray, to a consortium of private equity investors for an initial sum of $925 million; despite the sale, ABB continued to play an active role in the oil and gas industry via its core automation and power technology businesses.<ref>{{cite web |url = https://www.controleng.com/articles/abb-selling-part-of-its-oil-gas-and-petrochemical-division/ |title = ABB selling part of its oil, gas and petrochemical division |website = Control Engineering |date = 26 January 2004 |url-status=live |archive-url=https://web.archive.org/web/20231222211938/https://www.controleng.com/articles/abb-selling-part-of-its-oil-gas-and-petrochemical-division/ |archive-date= Dec 22, 2023 }}</ref><ref>{{cite news |url = https://www.ft.com/content/e1f8fbc4-9e7f-11db-ac03-0000779e2340 |title = GE to acquire Vetco Gray for $1.9bn |newspaper=[[Financial Times]] |first = Peter |last = Smith |date = 8 January 2007 |url-access=subscription }}</ref>

During 2005, ABB delisted its shares from the [[London Stock Exchange]] and [[Frankfurt Stock Exchange]].<ref>{{cite magazine |title= Restructuring announced by ABB |magazine= [[Railway Gazette International]] |issue= October 2005 |page= 645}}</ref><ref>{{cite web |url = https://www.sec.gov/Archives/edgar/data/1091587/000110465905062395/a05-22126_36k.htm |title = ABB completes delisting of shares from Frankfurt Stock Exchange |website = [[U.S. Securities and Exchange Commission]] |date = 22 December 2005}}</ref> During the following year, the company ended its financial uncertainties via the finalization of a $1.43 billion plan to settle asbestos liabilities against its US subsidiaries, Combustion Engineering and ABB Lummus Global, Inc.<ref name="auto">{{cite news |url= http://www.boston.com/business/articles/2006/09/01/abb_says_lummus_asbestos_claims_resolved |title= ABB asbestos claims resolved |date= 1 September 2006 |newspaper= Boston Globe |agency= [[Reuters]] |archive-date= 26 February 2009 |access-date= 8 May 2007 |archive-url= https://web.archive.org/web/20090226230708/http://www.boston.com/business/articles/2006/09/01/abb_says_lummus_asbestos_claims_resolved/ |url-status= dead }}</ref> A three-part capital strengthening plan also aided in ABB's recovery.<ref>{{cite web |url = https://www.thebanker.com/Restructuring-edges-ABB-towards-black-1086130800 |title = Restructuring edges ABB towards black |website=The Banker |first = Geraldine |last = Lambe |date = 2 June 2004}}</ref>

In August 2007, ABB Lummus Global, ABB's downstream oil and gas business, was sold to CB&I in exchange for $950 million. The sale led to ABB making an accelerated $204 million payment to the CE Asbestos PI Trust, a trust fund covering the asbestos liabilities of Combustion Engineering.<ref name="auto" /><ref>{{cite web |url = https://www.euro-petrole.com/abb-completes-sale-of-lummus-global-n-i-1549 |title = ABB completes sale of Lummus Global |website=Europétrole |date = 20 November 2007}}</ref>

During 2008, ABB agreed to acquire Kuhlman Electric Corporation, a US-based maker of transformers for the industrial and electric utility sectors.<ref>{{cite news |url = https://www.lanereport.com/14677/2008/10/abb-signs-agreement-to-purchase-kuhlman-electric-corp/ |title = ABB Signs Agreement to Purchase Kuhlman Electric Corp |work=Lane Report |date = 1 October 2008}}</ref> In November 2008, ABB acquired Ber-Mac Electrical and Instrumentation to expand its presence in Western Canada's oil and gas industries.<ref>{{cite web |url = https://www.automation.com/en-us/articles/2008-2/abb-acquires-ber-mac-electrical-and-instrumentatio |title = ABB acquires Ber-Mac Electrical and Instrumentation |website=Automation |date = 12 November 2008}}</ref>

===2010s===
[[File:Rundgang ABB - (von links) NRW-Klimaschutzminister Johannes Remmel, Margit Thomeczek EnergieAgentur.NRW, Standortleiter ABB Matthias Reinhold (8496818425).jpg|thumb|Tour of a ABB transformer station in Germany which gathers energy from offshore [[wind farm]]s, 2013.]]
In September 2010, the company bought K-TEK, a manufacturer of level measurement instruments, for $50 million; it was incorporated into ABB's Measurement Products business unit within ABB's Process Automation division.<ref>{{Cite news |last= Vinluan |first= Frank |date= 9 July 2010 |title= ABB buys $50M Louisiana company K-TEK |url= https://www.bizjournals.com/triangle/stories/2010/07/05/daily54.html |access-date= 11 September 2020 |work=Triangle Business Journal}}</ref>

During July 2010, ABB in Cary, North Carolina received a $4.2 million grant from the US federal government to develop energy storing magnets.<ref>{{Cite news |last= Murwaski |first= John |date= 13 July 2010 |title= U.S. Grants Go to Cree, ABB |pages= B4 |work= The News and Observer |url= https://www.newspapers.com/clip/96627598/ |access-date= 28 February 2022 |via= [[Newspapers.com]]}}</ref>

On 10 January 2011, ABB invested $10 million in ECOtality, a [[San Francisco]]-based developer of charging stations and power storage technologies, to enter North America's [[electric vehicle]] charging market.<ref>{{cite web |url= https://new.abb.com/news/detail/13311/abb-enters-us-market-for-electric-vehicle-infrastructure-with-ecotality-stake |title= ABB enters US market for electric vehicle infrastructure with ECOtality stake |website= ABB Ltd |date = 10 January 2011}}</ref> On 1 July of that year, the company announced its acquisition of Epyon B.V. of the Netherlands, an early leader in the European EV-charging infrastructure and maintenance markets.<ref>{{cite web |title= ABB acquires Epyon to expand offering in EV charging infrastructure |url= https://new.abb.com/news/detail/13216/abb-acquires-epyon-to-expand-offering-in-ev-charging-infrastructure |website= ABB Ltd |date= 1 July 2011}}</ref>

During early 2011, ABB acquired Baldor Electric in exchange for $4.2 billion in an all-cash transaction; this move aligned with ABB's strategy to increase its market share in the North American industrial motors business.<ref>{{cite web |title= ABB completes acquisition of Baldor Electric Company |url= https://new.abb.com/news/detail/12859/abb-completes-acquisition-of-baldor-electric-company |website= ABB Ltd |date= 27 January 2011}}</ref> On 30 January 2012, the company announced the acquisition of Thomas & Betts, a North American specialist in low voltage products for industrial, construction and utility applications, in a $3.9 billion cash transaction.<ref>{{cite web |date= 30 January 2012 |title= Thomas & Betts Corporation Reports Fourth Quarter 2011 Net Earnings |url= http://www.tnb.com/shared/docs/TNB_4Q11.pdf |access-date= 1 February 2012 |website=Thomas & Betts}}</ref> On 15 June 2012, ABB completed its acquisition of commercial and industrial wireless technology specialists Tropos.<ref>{{cite web |url = https://www.pumpsandsystems.com/news/2012-06-26/abb-completes-acquisition-tropos |title = ABB Completes Acquisition of Tropos |website=Pumps and Systems |date = 26 June 2012}}</ref>

In July 2013, ABB acquired Power-One in a $1 billion all-cash transaction, to become the leading global manufacturer of [[solar inverter]]s.<ref>{{cite web |title= ABB completes acquisition of Power-One |url= https://new.abb.com/news/detail/13395/abb-completes-acquisition-of-power-one |website= ABB Ltd |date= 25 July 2013}}</ref> That same year, [[Fastned]] selected ABB to supply more than 200 Terra fast-charging stations along highways in the Netherlands.<ref>{{cite web |url = https://www.businessgreen.com/news/2280140/abb-wins-dutch-contract-for-worlds-largest-ev-fastcharging-network |title = ABB wins Dutch contract for "world's largest" EV fast-charging network |website = businessgreen.com |first = James |last = Murrayclock |date = 9 July 2013}}</ref>

In 2016, ABB was awarded a contract on the [[Trans-Anatolian gas pipeline|TANAP]] gas pipeline project in Turkey to deliver the telecommunications, security and control infrastructure to contribute to safe, secure, and reliable operation of the pipeline throughout its lifetime.<ref>{{cite web |url= https://new.abb.com/oil-and-gas/case-studies/midstream-transportation/tanap |title= Trans-Anatolian Natural Gas Pipeline |website= ABB Ltd |access-date= 5 June 2022}}</ref> The TANAP pipeline is the largest diameter and with 1,850&nbsp;km length, the longest pipeline ever built in Turkey, crossing 20 districts and will bring Azerbaijan's natural gas through Georgia, Turkey and Greece into the rest of Europe. The $11 billion TANAP pipeline will interconnect with the [[South Caucasus Pipeline]] (SCP) at Turkey's border with Georgia and the [[Trans Adriatic Pipeline]] (TAP) at its border with Greece.{{Citation needed|date=December 2023}}

On 6 July 2017, ABB announced it had completed its acquisition of [[B&R|Bernecker + Rainer Industrie-Elektronik]] (B&R), the largest independent provider of product and software-based open-architecture for industrial automation.<ref>{{Cite web |last1=Revill |first1=John |last2=Hirt |first2=Oliver |date=4 April 2017 |title=ABB buys B&R to help it challenge Siemens in industrial automation |url=https://www.reuters.com/article/idUSKBN1760CA/ |access-date=3 June 2024 |website=Reuters}}</ref>

[[File:2023-04-23 Motorsport, ABB FIA Formula E World Championship, Berlin E-Prix 2023 1DX 1379 by Stepro.jpg|thumb|Since 2018 ABB has been the title sponsor for the [[Formula E]] electric racing series.]]

During January 2018, ABB became the title partner of the ABB FIA [[Formula E]] Championship, the world's first fully electric international FIA motorsport series.<ref>{{cite web |title= ABB and Formula E partner to write the future of e-mobility |url= https://new.abb.com/news/detail/3182/abb-and-formula-e-partner-to-write-the-future-of-e-mobility |website= ABB Ltd |date= 9 January 2018}}</ref> On 30 June 2018, the company completed its acquisition of GE Industrial Solutions, [[General Electric]]'s global electrification business.<ref name=":0">{{Cite news |url= https://new.abb.com/news/detail/5475/abb-completes-acquisition-of-ge-industrial-solutions |title= ABB completes acquisition of GE Industrial Solutions |website= ABB Ltd |access-date= 30 July 2018}}</ref>

On 17 December 2018, ABB announced it had agreed to sell 80.1% of its Power Grids business to [[Hitachi]]; the former Power Grids division thus became a part of the Hitachi Group and was rebranded to [[Hitachi Energy]].<ref>{{Cite web |title= Hitachi Energy – Advancing a sustainable energy future for all |url= https://www.hitachienergy.com/ |access-date= 14 February 2022 |website= hitachienergy.com |language= en}}</ref> During December 2022, it was confirmed that Hitachi had acquired the remaining 19.9% of the business.<ref>{{Cite news |title= Hitachi complete Acquisition of ABB Power Grids |work= greentechmedia.com |url= https://www.greentechmedia.com/articles/read/hitachi-completes-acquisition-of-abb-power-grids |access-date= 1 May 2020}}</ref>

===2020s===
In March 2020, ABB announced that it had agreed to sell its solar inverter business to Italian solar inverter manufacturer Fimer; the transaction includes all of ABB's manufacturing and R&D sites in Finland, Italy and India, along with 800 employees across 26 countries.<ref>{{Cite news |url= https://www.reuters.com/article/us-abb-solar-divestiture-idUSKCN1U40E8 |title= ABB pays up to $470 m to ditch solar converter business |date= 9 July 2019 |work= Reuters |access-date= 3 March 2020 |language= en}}</ref><ref>{{Cite web |url= https://www.power-eng.com/2020/03/02/fimer-spa-completes-buy-of-abbs-solar-inverter-business/ |title= FIMER SpA completes buy of ABB's solar inverter business |date= 2 March 2020 |website= Power Engineering |language= en-US |access-date= 3 March 2020}}</ref>

During mid-2021, ABB announced its involvement in the construction of the first permanent electric road that powers private vehicles and commercial vehicles such as trucks and buses.<ref>{{citation |url= https://twitter.com/ABBNorge/status/1425355476817096705 |title= Vi er med på bygging av første permanente el-vei for #tungtrafikk, i Sverige: E20 mellom Hallsberg og Örebro, 21 km, klar i 2025Delivery truckHigh voltage signSmiling face. Elektriske skinner mater lastebiler med strøm via glideskinnerThumbs up |author= ABB Norge |date= 11 August 2011 |website= Twitter}}</ref><ref>{{citation |url= https://new.abb.com/news/sv/detail/80483/industriforetag-och-startups-skapar-innovativt-konsortium-for-att-minska-koldioxidutslapp-via-elvagar |title= Industriföretag och startups skapar innovativt konsortium för att minska koldioxidutsläpp via elvägar |website= ABB Ltd |date= 13 July 2021}}</ref>

During December 2022, ABB opened a new 67,000 square metre robotics factory in [[Shanghai]] following a $150 million investment.<ref>{{Cite web |title= ABB opens state-of-the-art robotics mega factory in Shanghai |url= https://new.abb.com/news/detail/97670/abb-opens-state-of-the-art-robotics-mega-factory-in-shanghai |website= ABB Ltd |date= 2 December 2022}}</ref><ref>{{cite web |url = https://drivesncontrols.com/news/fullstory.php/aid/7200/ABB_opens_$150m_robotics__91mega-factory_92_in_China.html |title = ABB opens $150m robotics 'mega-factory' in China |website=Drives & Controls |date = 5 December 2022}}</ref>

In June 2023, ABB agreed to acquire smart home automation provider [[Eve Systems]].<ref>{{cite web |last= Heater |first= Brian |date= 12 June 2023 |title= ABB buys smart home device maker, Eve Systems |url= https://techcrunch.com/2023/06/12/abb-buys-smart-home-device-maker-eve-systems/ |website= TechCrunch}}</ref>

In September 2023, ABB announced it would partner with the [[Well Done Foundation]] to monitor [[Methane emissions|methane]] and [[Greenhouse gas emissions by the United States|greenhouse gas emissions]] from [[orphaned wells in the United States]].<ref>{{Cite web |date= 20 April 2023 |title= ABB Technology to Help Tackle Methane Leakages from Orphan Oil and Gas Wells |url= https://www.automation.com/en-us/articles/april-2023/abb-technology-tackle-methane-leakages-oil-gas |access-date= 1 October 2023 |website= automation.com |language= en}}</ref><ref>{{Cite web |date= 22 September 2023 |title= ABB to provide economic support to the Well Done Foundation to tackle orphan oil and gas wells |url= https://www.pandct.com/news/abb-to-provide-economic-support-to-the-well-done-foundation-to-tackle-orphan-oil-and-gas-wells/ |access-date= 1 October 2023 |website= Process and Control Today}}</ref>

In January 2024, ABB acquired Real Tech, a prominent Canadian company specializing in innovative optical sensor technology for real-time water monitoring and testing.<ref>{{cite web |title=ABB Expands Water Management Capabilities with Acquisition of Real Tech |url=https://ibmot.com/abb-acquire-real-tech/ |website=ibmot |access-date=9 January 2024 |date=9 January 2024}}</ref> It also acquired R&D Engineering Firm Meshmind to Expand AI and Software Capabilities<ref>{{cite web |title=ABB Acquires R&D Engineering Firm Meshmind to Expand AI and Software Capabilities |url=https://ibmot.com/abb-acquires-meshmind/ |website=ibmot |access-date=19 January 2024 |date=19 January 2024}}</ref>

In May 2024, ABB agreed to acquire the wiring accessories business of [[Siemens]] in China. This deal will give access to a distribution network across 230 cities in China.<ref>{{Cite web |title=ABB buys Siemens's wiring accessories business in China |url=https://www.reuters.com/markets/deals/abb-buys-siemenss-wiring-business-china-2024-05-17/ |access-date=2024-05-26|website=Reuters}}</ref>

As of 2025, ABB planned to rebrand all of its residential electrical product lines acquired from GE with the ABB ReliaHome brand.<ref>https://electrification.us.abb.com/switchingtoABB</ref>