ABB
Helping industries outrun with our leading technologies in electrification and automation. go.abb/outrun
Helping industries outrun with our leading technologies in electrification and automation. go.abb/outrun
ABB is a company that specializes in empowering industries worldwide with advanced power and automation solutions across diverse sectors from utilities to commercial enterprises. It engages in power and automation technologies, offering a comprehensive range of products, systems, solutions, and services. The ABB power segment focuses on power transmission, distribution, and power-plant automation for electric, gas, and water utilities, as well as industrial and commercial customers. The automation segment caters to various industries with applications in measurement, control, protection, and process optimization. Operating in around 100 countries across Europe, the Americas, Asia, and the Middle East and Africa (MEA) regions, ABB consists of five divisions. In January 2011, the company acquired Baldor Electric Company and, in May 2011, purchased a controlling interest in the United States-based Validus DC Systems.
Founded in 1988, ABB operates in the energy and robotics industries. The company's last investment was a €500.00M post-IPO debt investment on 21 November 2023, with the European Investment Bank (EIB) as the investors.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Debt | €500.00M | 1 | European Investment Bank | 21 Nov 2023 |
| Grant | $2.70M | - | 23 Sep 2013 |
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