ABB Ltd.

ABB Ltd.

ABB Ltd.

Overview
Date Founded

1999

Type of Company

Public

Employees (Worldwide)

147K

Industries

Electrical Products
Other Transportation
Industrial Machinery & Manufacturing
Oil & Gas
Wholesale: Industrial Products & Manufacturing
Wholesale: Consumer Durables
Alternative Energy
Power & Utilities
Computer Software
Automobiles

Company Description

ABB Ltd. is a holding company, which engages in the development and provision of power and automation technologies. It operates through the following business segments: Electrification Products; Robotics and Motion; Industrial Automation; and Corporate and Other. The Electrification Products segment manufactures and sells products and solutions which are designed to provide smarter and safer electrical flow from the substation to the socket. The Robotics and Motion segment manufactures and sells robotics, motors, generators, drives, wind converters, components and systems for railways and related services and digital solutions. The Industrial Automation segment develops and sells integrated automation and electrification systems and solutions. The Corporate and Other segment refers to the firm's central research and development, and real estate activities. The company was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Executive Officer

Chief Financial Officer

General Counsel & Company Secretary

Chief Counsel Corporate & Finance, Group Senior Vice President

Chief Integrity Officer

Chief Digital Officer

Head, Antitrust Practice Group

President-Industrial Automation Division

President, Electrification Products Division

Board of Directors

Chief Executive Officer at ABB Ltd.

Former Executive Vice President & Chief Financial Officer at Investor AB

Chief Executive Officer at Ultrapar Participaçoes SA

Future Co-Chief Executive Officer at Koninklijke DSM NV (Effective 02/2020)

Chief Executive Officer at Baidu Capital Co., Ltd.

Former Group President-Operations at Fluor Corporation

Chief Financial Officer at Onyx Pharmaceuticals, Inc.

Chairman at DevCo Partners Oy

Managing Director Hindalco Industries Limited at Aditya Birla Group

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ABB Ltd.
Owners & Shareholders
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Cevian's investment decisions are informed by a well-established, rigorous and proprietary fundamental research process, including comprehensive operational, commercial, financial, legal and governance analysis. They work with their portfolio companies to increase their long-term competitiveness, thereby creating meaningful and lasting value for all shareholders and other stakeholders. Cevian creates value by (i) acquiring substantial ownership positions in undervalued European listed companies and (ii) working with the boards and management teams of those companies to increase their long-term competitiveness, thereby creating real value for all shareholders and other stakeholders. The firm generally invests in sound companies that are overlooked, misunderstood, or out-of-favor with investors. They work in a hands-on and constructive manner to realize value-enhancement potential in operations, corporate strategy/organizational structure, financial management and corporate governance. Cevian manages a concentrated portfolio, holding significant ownership positions in a limited number of publicly-listed companies for lengthy periods.

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Artisan Partners' investment approach is based on a bottom-up process that covers a range of geographic areas and focuses on investments in growth and value stocks. The firm places particular emphasis on identifying and investing in well-managed companies with dominant or increasing market shares. They also closely monitor market valuation. Artisan Partners' autonomous investment teams oversee a range of investment strategies across multiple asset classes including, but not necessarily limited to: global equity, US value, growth, global value, international value, emerging markets, credit, developing world and thematic. All accounts managed by Artisan Partners regardless of investment strategy, invest primarily in common stocks and other equity securities.

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Lazard Asset Management is known for its global perspective on investing and years of experience with global, regional and domestic portfolios. With more than 280 investment personnel worldwide, we offer investors of all types an array of equity, fixed income, and alternative investment solutions from our network of local offices in ten different countries. Our team-based approach to portfolio management helps us to deliver robust and consistent performance over time, and strong client relationships allow us to understand how to employ our capabilities to our clients' advantage. With over $146.0 billion in assets under management, we have offices located throughout the world in Bahrain, Boston, Chicago, Frankfurt, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Sydney, Tokyo, Toronto, and Zurich. Lazard Asset Management’s business is a diversified, global investment platform that focuses on managing assets for our clients. As a result, throughout all market environments, we maintain a disciplined approach to investing with a research-driven investment process focusing on financial productivity and valuation. We believe there are substantial opportunities for value driven investors and continue to seek out and invest in companies with healthy balance sheets and sustainability of returns

Recent Transactions
Details Hidden

Shanghai Guangdian Electric Group Co., Ltd., Shanghai General Guangdian Engineering Co., Ltd. purchase Shanghai ABB Guangdian Co., Ltd. from ABB Ltd.

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Shanghai Guangdian Electric Group Co., Ltd., AEG Enterprise Development Co., Ltd. purchase Shanghai ABB Breakers Co., Ltd. from ABB Ltd.

Details Hidden

NKT A/S purchases ABB Ltd. /Technology Consulting Unit from ABB Ltd.

Transaction Advisors
Legal Advisor

Advised onABB Ltd. purchases Thomas & Betts Corp.

Accountant

Advised onGeneral Electric Company, GE Commercial Finance, Inc. purchase ABB Ltd. /Structured Finance Business from ABB Ltd.

Legal Advisor

Advised onHitachi Ltd. purchases ABB Ltd. /Power Grids Business from ABB Ltd.

Legal Advisor

Advised onABB Ltd. purchases Thomas & Betts Corp.

Legal Advisor

Advised onTrinity Industries, Inc. purchases Meyer Steel Structures LLC from Thomas & Betts Corp., ABB Ltd.

Legal Advisor

Advised onABB Ltd. purchases Ventyx, Inc. from Fortezza Holdings Topco SARL, Vista Equity Partners Management LLC

Advisors & Consultants
Legal Advisor

Chair, Mergers & Acquisitions Practice at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Chair of the Global Privacy Practice at Jones Day

Clients

Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world. Our portfolio of leading cruise brands includes Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises (Australia) in Australia. These brands, which comprise the most recognized cruise brands in North America, the United Kingdom, Germany and Italy, offer a wide range of holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. We also own a tour company that complements our cruise operations: Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Combined, our vacation companies attract 10 million guests annually

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America; Europe, Australia, and Asia (EEA); Cruise Support; and Tour and Other. The North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe, Australia, and Asia (EEA) segment comprises of AIDA, Costa, Cunard, P&O Cruises (Australia), P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment o[perates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.

General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through the following segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.

Key Stats and Financials As of 2018
Market Capitalization
$49.2B
Total Enterprise Value
$45B
Earnings Per Share
$1
Revenue
$27.1B
Enterprise Value Sales
1.66x
TEVNet Income
21.14x
Debt TEV
0.19x
Total Equity
$14.3B
Total Debt
$8.5B
Net Profit
$2.13B
EBITDAMargin
11.2%
Enterprise Value EBITDAOperating
14.79x
EBITDA
$3.04B
Investments
Details Hidden

Etavis AG provides construction services. It is engaged in consulting, engineering and constructions of buildings. It specializes in the manufacturing of building systems and electrical installations in commercial, industrial and infrastructure buildings and in the installation and servicing of antennas for the mobile telecom industry. It also provides complementary technical building services and data network solutions. The company is headquartered in Zurich, Switzerland.

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Power Plus Communications AG provides broadband power line communication technology for energy grid sector. Its products deliver broadband connectivity over both power line and wireless infrastructure. The company's solution uses the existing low- and medium voltage grid infrastructure to deliver broadband connectivity, which allows for a real-time, bidirectional, reliable and cost-effective data communication. The firm's products include voltage regulated distribution transformers, smart meter gateways and BPL modems. The company was founded by Ingo Schönberg and Eugen Mayer in 2001 and is headquartered in Mannheim, Germany.

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Viola Systems Oy provides remote data monitoring, visualization and controlling solutions. Its solutions have enabled seamless capture of remote data from critical assets of public utilities such as electrical networks, gas pipelines, water works, road administrations and industrial applications. The firm also offers ready-to-use products that provide secure and reliable wireless connectivity. The company was founded in 2000 by Mika Marjalaakso and Jari Petri Lahti and is headquartered in Turku, Finland.

Suppliers
Mikron Holding AG Industrial Machinery & Manufacturing | Biel, NE

Mikron Holding AG engages in the development, production, and marketing of automation solutions, machining systems, and cutting tools. It operates through the following segments: Mikron Machining Solutions, Mikron Automation, and Corporate Services. The Mikron Machining Solutions segment supplies machining systems for the manufacturing of high-precision components made of metals; and develops and produces cutting tools. The Mikron Automation segment offers assembly systems. The Corporate Service segment includes holding, management, and finance companies. The company was founded in 1961 and is headquartered in Biel, Switzerland.

Techno Electric & Engineering Co. Ltd. (Inactive) Engineering, Construction & Architecture | Kolkata, WB

Techno Electric & Engineering Co. Ltd. operates as an engineering, procurement and construction services company. The company operates through the following business segments: EPC for the power sector and power generation. Techno Electric & Engineering was founded in 1963 and is headquartered in Kolkata, India.

Gunkul Engineering Public Co. Ltd. Electrical Products | Bangkok, BM

Gunkul Engineering Public Co., Ltd. engages in the manufacture, distribution of electrical hardware and equipment. It operates through the following business segments: Manufacturing and Selling of Equipment for Electrical Systems; Generating and Selling Electricity; Construction Service; and Maintenance Service. The company was founded by Gunkul Dhumrongpiyawut on August 5, 1982 and is headquartered in Bangkok, Thailand.

Competitors
Emerson Electric Co. Industrial Machinery & Manufacturing - St Louis, MO

Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves & equipment; process control systems, tools & appliance solutions for customers in a range of industrial, commercial and consumer markets. It operates through the following business segments: Automation Solutions and Commercial & Residential Solutions. The Automation Solutions segment offers products; software and technology; and engineering, project management, consulting services and integrated manufacturing solutions for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs, manufacturing operations, and plants that process or treats various items. The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Commercial & Residential Solutions segment sells tools for professionals and homeowners and appliance solutions, such as food waste disposer, ceiling fans, lighting, sensing and protection devices. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.

Eaton Corp. Plc Electrical Products

Eaton is a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. The company is a global technology leader in electrical products, systems and services for power quality, distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Because of the pivotal role we play, Eaton is committed to creating and maintaining powerful customer relationships built on a foundation of excellence. From the products we manufacture to our dedicated customer service and support, we know what’s important to you.

Rockwell Automation, Inc. Electrical Products - Milwaukee, WI

Rockwell Automation, Inc. engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer's industrial processes and connecting with their business enterprise. The Control Products and Solutions segment combines a portfolio of intelligent motor control and industrial control products, application expertise, and project management capabilities. The company was founded in 1928 and is headquartered in Milwaukee, WI.

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