ABB provides power and automation technologies for smart grids, robotics, electric cars, renewable energy and motors.
ABB is engaged in power and automation technologies. The company provides a range of products, systems, solutions, and services. Its power businesses focus on power transmission, distribution, and power-plant automation and serve electric, gas and water utilities, as well as industrial and commercial customers. Its automation businesses serve a range of industries with measurement, control, protection, and process optimization applications. It operates in approximately 100 countries across four regions: Europe, the Americas, Asia, and the Middle East and Africa (MEA). During the year ended December 31, 2011, the business consisted of five divisions: Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products and Process Automation. On January 26, 2011, the company acquired Baldor Electric Company (Baldor). In May 2011, it purchased a controlling interest in United States-based Validus DC Systems.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Sep 23, 2013 | Grant | $2.70M | — | — | — | Detail |
Apr 12, 2001 | IPO | — | — | — | — | Detail |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Jan 26, 2023
Viking Analytics AB
|
Series A | €3M | Analytics | — |
Sep 22, 2022
Samotics
|
Corporate Round | — | Artificial Intelligence | Yes |
May 22, 2022
Morrow Batteries
|
Series Unknown | €100M | Battery | Yes |
Oct 28, 2021
BrainBox AI
|
Series A | $24M | Artificial Intelligence | Yes |
May 2, 2018
Soft Robotics
|
Series A | $20M | Advanced Materials | — |
ABB has had 1 exits. ABB most notable exits include Terawave Communications
Date | Company Name | Exit Type | Industry | |
---|---|---|---|---|
Oct 26, 2007 | Terawave Communications | M&A | Communications Infrastructure | Detail |
ABB has acquired 34 organizations. Their most recent acquisition was Vectek Electronics on May 6, 2008. They acquired Vectek Electronics for 0.
Date
Company Name
|
Industry | Acquisition Type | Price | |
---|---|---|---|---|
May 6, 2008
Vectek Electronics
|
Electronics | acquisition | — | Detail |
Jul 16, 2008
Kuhlman Electric Corp.
|
Electronics | acquisition | — | Detail |
May 5, 2010
Ventyx
|
Enterprise Software | — | — | Detail |
Jan 27, 2011
Baldor Electric Company
|
Consumer Electronics | acquisition | $ 4.20B | Detail |
May 9, 2011
Mincom
|
Business Development | — | — | Detail |