ABB (OTCMKTS:ABBNY). is a Swiss-Swedish technology company that develops electrification, automation and industrial solutions for customers in utilities, infrastructure, transportation, manufacturing, energy and other industries. Its offerings are designed to improve energy efficiency, productivity, reliability and operational safety.
The company’s principal businesses include electrification products and systems, industrial automation, motion technologies and robotics and discrete automation. Products and services include electrical distribution equipment, building and power-management solutions, drives, motors, control systems, measurement and analytics technologies, industrial robots, collaborative robots and related software and maintenance services.
ABB was formed in 1988 through the merger of Sweden’s ASEA and Switzerland’s Brown Boveri, two engineering companies with roots dating to the late nineteenth century. The company serves customers internationally through operations, facilities and sales networks across Europe, the Americas, Asia, the Middle East, Africa and other global markets.
ABB is headquartered in Zurich, Switzerland. Morten Wierod has served as the company’s chief executive officer since August 2024, while Peter Voser is chairman of the board.
