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ABB is a multinational corporation in the field of power and automation technologies. The company is headquartered in Zurich, Switzerland. Asea Brown Boveri (ABB) was the result of a merger between Allmänna Svenska Elektriska Aktiebolaget (ASEA) of Sweden and Brown, Boveri & Cie of Switzerland in 1988. ABB Ltd., a giant in the engineering world, has a unique structure with headquarters in both Västerås, Sweden, and Zürich, Switzerland. The company trades on multiple stock exchanges: SIX Swiss Exchange, Nasdaq Nordic, and even the OTC Markets Group in the US. This multinational powerhouse has been a Fortune 500 company for an impressive 24 years, ranking 340th globally in 2020.
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ABB, a leading engineering company in India, offers industrial technology products across various sectors.
Its market capitalization surpassed Rs. 26,500 crore in June 2018. ABB India’s performance in Q1 2018 was strong, with a 10% YoY increase in total orders (Rs. 2,582 crore), marking the highest Q1 growth in five years.
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A healthy order backlog of Rs. 11,628 crore as of March 31, 2018, indicates promising future revenue.
Additionally, ABB India’s revenue grew 17% year-on-year to Rs. 2,525 crore, with all divisions demonstrating robust growth. The company’s cash position also remained strong. (188 words)
Other full forms of ABB
- ABB in trade association– Association of British Bookmakers
- ABB in airport codes– Asaba Airport
- ABB in the regional organization– African Blood Brotherhood
- ABB in Business terms- Accelerated Book Build
- ABB in rail transport- Akron and Barberton Belt Railroad
- ABB in companies- Australian Barley Board
- ABB in banking- Affin Bank Berhad
FAQ
What is ABB used for?
It is used for records, research, and analysis activities that lead to costs for a company.
What is ABB’s corporate name?
The corporate name of ABB is Asea Brown Boveri.
Who is the CEO of ABB?
The CEO of ABB is Bjorn Rosengren (1 March 2020- 31 Juy 2024)
Is ABB an MNC company?
ABB India is a multinational corporation that specializes in robotics, automation, and power technologies
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