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ABB / ABB sells its power conversion division for $505 million

ABB sells its power conversion division for $505 million
ABB has sold its power conversion business to AcBel Polytech Inc for $505 million, the Swiss engineering and technology company said on Friday. Read More
Posted: Jan 20 2023, 02:59
Author Name: Reuters
Views: 110781

ABB News  

ABB CEO: Europe weakest region across business

By CNBC International TV
October 18, 2023

ABB CEO: Europe weakest region across business

Björn Rosengren, CEO of ABB, discusses third-quarter earnings and analyses demand across China, Europe and North America. more_horizontal

ABB says $280 million investment in Sweden robotics facility is 'very exciting'

By CNBC International TV
September 13, 2023

ABB says $280 million investment in Sweden robotics facility is 'very exciting'

Sami Atiya, president of ABB's Robotics and Discrete Automation division discusses the firm's plans on tech, artificial intelligence and innovation. more_horizontal

ABB: Stable Prospects, Likely Baked Into The Stock

By Seeking Alpha
September 7, 2023

ABB: Stable Prospects, Likely Baked Into The Stock

Ongoing portfolio restructuring positions ABB to capitalize on growth opportunities in electrification and automation. Well-positioned to benefit from more_horizontal

Robotics giant ABB 'pretty pessimistic' on China: 'It will be challenging for the rest of the year'

By CNBC
September 1, 2023

Robotics giant ABB 'pretty pessimistic' on China: 'It will be challenging for the rest of the year'

China, a powerhouse of manufacturing often referred as "the world's factory" due to its influence on global trade, is ABB's second-biggest market. more_horizontal

China is 'not developing as we hoped,' says ABB CEO

By CNBC International TV
August 30, 2023

China is 'not developing as we hoped,' says ABB CEO

Bjorn Rosengren, CEO of ABB, discusses the economic activity coming out of China going into the second half of the year. more_horizontal

ABB to supply process electrification to Northvolt battery recycling site

By Reuters
August 17, 2023

ABB to supply process electrification to Northvolt battery recycling site

ABB on Thursday said it had signed an order to provide process electrification to power the world's largest battery recycling facility, Revolt Ett, be more_horizontal

The 7 Best Robotics Stocks to Buy in July

By InvestorPlace
July 13, 2023

The 7 Best Robotics Stocks to Buy in July

Robots play an increasingly large role in our lives, whether we realize it or not. Today, robots are used in everything from manufacturing our househo more_horizontal

ABB Ltd: Strong Margins Pave The Way For Buybacks

By Seeking Alpha
June 25, 2023

ABB Ltd: Strong Margins Pave The Way For Buybacks

ABB Ltd has been able to diversify revenues efficiently and grow its topline at a good rate. Several megatrends are pushing demand towards ABBNY and t more_horizontal


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