ABB is a Swedish-Swiss technology company specializing in electrification and industrial automation. Founded through the 1988 merger of Sweden's ASEA (established 1883 by Ludvig Fredholm) and Switzerland's Brown, Boveri & Cie (established 1891 by Charles Eugene Lancelot Brown and Walter Boveri), ABB combines over a century of electrical engineering expertise. Headquartered in Zurich, Switzerland, with co-headquarters in Västerås, Sweden, the company operates globally with approximately 105,000 employees across more than 100 countries. As a publicly traded company listed on Nasdaq Nordic and the SIX Swiss Exchange, ABB develops technologies for electrical generation, transmission, and distribution, along with industrial robotics and automation systems. Key innovations include the miniature circuit breaker and microprocessor-based industrial robots. Recent strategic moves include the 2020 sale of its power grids business to Hitachi and 2022 spin-off of its turbocharging division.
ABB operates as a global engineering-focused industrial corporation with roots in European innovation traditions. The company culture emphasizes technical excellence and engineering rigor, reflecting its Swiss and Swedish heritage and spanning operations across multiple continents. As a century-old organization through its predecessor companies, ABB maintains a focus on large-scale infrastructure projects and industrial solutions rather than rapid-growth ventures. The company's recent portfolio restructuring signals a strategic focus on core electrification and automation businesses aligned with global decarbonization trends.
2,530 open now, 2,530 first appeared in the last 30d.
| Round | Closed | Amount | Investors |
|---|---|---|---|
| Later | Jan 1988 | undisclosed |