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ABB launches new share buyback program of up to 1 billion dollars
ABB will launch its previously announced new share buyback program of up to 1 billion dollars. Based on the current ABB share price this represents a maximum of approximately 21.3 million shares. The maximum number of shares that may be…
ABB secures $150 million traction contract to power Australia’s QTMP trains and announces new facility in regional Queensland
ABB has been awarded a USD$150 million contract in February 2024 to supply complete traction packages, as well as engineering and service support for each of the 65 six-car passenger trains to be delivered by the Queensland Train Manufacturing Program…
ABB and Norwegian Cruise Line Holdings expand long-term partnership
ABB and Norwegian Cruise Line Holdings (NCLH) have signed a long-term partnership agreement to accelerate the decarbonization and digitalization of the Norwegian Cruise Line (NCL) fleet. Targeting increased safety and efficiency, the agreement covers 14 existing ships and a further…
ABB acquires Sevensense, expanding leadership in next-generation AI-enabled mobile robotics
ABB today announced that it has acquired Swiss start-up Sevensense, a leading provider of AI-enabled 3D vision navigation technology for autonomous mobile robots (AMRs). Sevensense was founded in 2018 as a spin-off from Swiss technical University, ETH Zurich. “This marks…
iO Partners welcomes Charles Boudet as Group CEO
iO Partners proudly announces the appointment of Charles Boudet as Group CEO. With this appointment, iO Partners wishes to further accelerate growth and contribute to the transformation of the real estate sector. Charles Boudet, an industry veteran with a diverse…
ABB acquires innovative optical sensor company to expand smart water management offering
ABB announced that it has agreed to acquire Canadian company Real Tech, a leading supplier of innovative optical sensor technology that enables real-time water monitoring and testing. Through the acquisition, ABB will expand its strong presence in the water segment…
ABB and Gravitricity to collaborate on energy storage systems using end-of-life mine shafts and hoist technology
ABB has signed an agreement with UK-based gravity energy storage firm Gravitricity to explore how hoist expertise and technologies can accelerate the development and implementation of gravity energy storage systems in former mines. Gravitricity has developed GraviStore, an innovative gravity…