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oppt on abb company by ssrenik shah
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Presented By:Shrenik Shah
Type
Publicly-traded limited company (SIX: ABBN, NYSE: ABB, OMX: ABB)
IndustryPower technology, Industrial automation
Founded
1988 through merger of ASEA (1883) of Sweden and Brown, Boveri & Cie (1891) of Switzerland
Headquarters Zürich, Switzerland
Area served Worldwide
Key peopleJoe Hogan (CEO), Hubertus von Grünberg (Chairman)
RevenueUS $31.59 billion (2010)[1]
Operating incomeUS $3.818 billion (2010)[1]
ProfitUS $2.561 billion (2010)[1]
Total assetsUS $36.30 billion (2010)[1]
Total equityUS $15.46 billion (2010)[1]
Employees 124,000 (2011)[2]
Website www.abb.com
ABB is a Swiss-Swedish multinational corporation headquartered in Zürich, Switzerland, operating mainly in the power and automation technology areas.It ranked 143rd in Forbes Ranking (2010).
ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 124,000 employees,[2] and reported global revenue of $31.6 billion for 2010.
ABB is traded on the SIX Swiss Exchange in Zürich and the Stockholm Stock Exchange in Sweden since 1999, and the New York Stock Exchange in the United States since 2001
ABB resulted from the 1988 merger of the corporations ASEA Allmänna Svenska Elektriska Aktiebolaget (Sweden) and Brown, Boveri & Cie (Switzerland); the latter had absorbed the Maschinenfabrik Oerlikon in 1967. CEO at the time of the merger was the former CEO of ASEA, Percy Barnevik, who ran the company until 1996.
ABB's history goes back to the late nineteenth century. ASEA was incorporated by Ludwig Fredholm in 1883 and Brown, Boveri & Cie (BBC) was formed in 1891 in Baden, Switzerland, by Charles Eugene Lancelot Brown and Walter Boveri as a Swiss group of electrical companies producing AC and DC motors, generators, steam turbines and transformers
On July 17, 2008, the Board of Directors of ABB Ltd. announced the appointment of Joe Hogan as Chief Executive Officer of the ABB Group beginning on September first.
Mr. Hogan is the former head of GE Healthcare.Mr. Hogan holds a Bachelor of Science degree in Business Administration from Geneva College and an MBA from Robert Morris University, both located in Pennsylvania
September 2008–present: Joe Hogan
February 2008 - September 2008: Michel Demaré - ad interim
January 2005 - February 2008: Fred Kindle
September 2002 - December 2004: Jürgen Dormann
January 2001 - September 2002: Jörgen Centerman
January 1997 - December 2000: Göran Lindahl
1987-1996: Percy Barnevik
ABB Ltd contains a company overview, keyfacts, locations and subsidiaries,news and events as well as a SWOT analysis of the company
This SWOT Analysis company profile is a crucial resource for industry executives and anyone looking to quickly understand the key information concerning ABB Ltd’s business.
ABB Ltd SWOT Analysis & Company Profile’s reports utilize a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. WMI strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique reportExamines and identifies key information and issues about (ABB Ltd) for business intelligence requirements
Studies and presents ABB Ltd’s strengths, weaknesses, opportunities (growth potential) and threats (competition). Strategic and operational business information is objectively reported
ABB is a global leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. We are present in around 100 countries.
We leverage our technology leadership, global presence, application knowledge and local expertise to offer products and services that allow our customers to optimize their operations. Our integration platform, Industrial IT, enables our customers to manage their installations better and link up in real time with their own suppliers and customers. The result is a leap in efficiency, quality and competitiveness. We focus on our core businesses in power and automation technologies and have simplified our organization. This ensures that our customers have quick and easy access to ABB's offerings, when and where they need us--whether they buy from us directly or through distributors, wholesalers, system integrators or other partners. Our businesses work together with one simple and seamless set of values for customers.