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ABB
ABB Ltd. is a Swedish- Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to create ASEA Brown Boveri, later simplified to the initials ABB. Both companies were established in the late 1800s and were major electrical equipment manufacturers, a business that ABB remains active in today. The company has also since expanded to robotics and automation technology. It is ranked 341st in the Fortune Global 500 list of 2018 and has been a global Fortune 500 company for 24 years. Until the sale of its Power Grids division in 2020, ABB was Switzerland's largest industrial employer. ABB is traded on the SIX Swiss Exchange in Zürich, Nasdaq Stockholm in Sweden, and the New York Stock Exchange in the United States. An ABB entity plead guilty for bid rigging in 2001, and the company has had 3 US Foreign Corrupt Practices Act b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Voser
Peter Robert Voser (born 29 August 1958) is a Swiss businessman, who is currently the Chairman of the Swedish-Swiss company ABB. He served as the CEO of the Dutch-British corporation Royal Dutch Shell from July 2009 to December 2013. He was also interim CEO of ABB from April 2019 to February 2020. He started his career at Royal Dutch Shell in 1982, working in a number of finance and business roles in different countries. Between 2002 and 2005 he served as chief financial officer for the Swedish-Swiss company ABB and the Dutch-British corporation Royal Dutch Shell. In 2004, he was appointed Royal Dutch Shell's chief financial officer (CFO) and then CEO in July 2009. Early life Voser was born in Baden, Switzerland in 1958. From 1979 to 1982 he studied for a Business Administration degree from Zurich University of Applied Sciences, Switzerland. Career In 1982, at age 24, Voser joined Shell and held a variety of finance and business roles in Switzerland, the UK, Argentina and Chile, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Björn Rosengren (manager)
Björn Rosengren (born 1959) is a Swedish business executive. He has been chief executive officer (CEO) of ABB since March 2020. Life Education Rosengren holds a master's degree in Science in Technology from Chalmers University of Technology, Gothenburg, Sweden. Career From 1985 to 1995, he held various positions at ESAB in the US, the Netherlands, Switzerland and Sweden. In 1995 he became the general manager of NordHydraulik. Rosengren was the business area manager for Atlas Copco's construction and mining equipment division and Senior Executive Vice President for nine years from 2003 to 2011 before he left the company 2011 to serve as CEO for Wärtsilä. He had been mentioned as a strong candidate for the CEO position at Atlas Copco in 2009. In 2015, he left Wärtsilä to become the CEO and president of Sandvik, where his decentralisation strategy proved profitable. Decentralisation was a core part of his strategy both at Wärtsilä and Sandvik. At Sandvik he was also a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allmänna Svenska Elektriska Aktiebolaget
''Allmänna Svenska Elektriska Aktiebolaget'' (English translation: General Swedish Electrical Limited Company; Swedish abbreviation: ASEA) was a Swedish industrial company. History ASEA was founded in 1883 by Ludvig Fredholm in Västerås as a manufacturer of electrical light and generators. After merging with Wenström's & Granström's Electrical Power Company (''Wenströms & Granströms Elektriska Kraftbolag'') the name was changed to ''Allmänna Svenska Elektriska Aktiebolaget'', literally the "General Swedish Electrical Limited Company", or a ''ASEA'' for short. In 1987, it announced a merger with the Swiss company Brown, Boveri & Cie (BBC) to form ABB Group. ABB Group began operations in 1988. After this merger, ABB Group acquired several companies, including the power transmission and distribution operations of the Westinghouse Electric Corporation and the Combustion Engineering Group. *1889 - the partner Jonas Wenström creates 3-phased generators, motors and transfor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASEA
''Allmänna Svenska Elektriska Aktiebolaget'' (English translation: General Swedish Electrical Limited Company; Swedish abbreviation: ASEA) was a Swedish industrial company. History ASEA was founded in 1883 by Ludvig Fredholm in Västerås as a manufacturer of electrical light and generators. After merging with Wenström's & Granström's Electrical Power Company (''Wenströms & Granströms Elektriska Kraftbolag'') the name was changed to ''Allmänna Svenska Elektriska Aktiebolaget'', literally the "General Swedish Electrical Limited Company", or a ''ASEA'' for short. In 1987, it announced a merger with the Swiss company Brown, Boveri & Cie (BBC) to form ABB Group. ABB Group began operations in 1988. After this merger, ABB Group acquired several companies, including the power transmission and distribution operations of the Westinghouse Electric Corporation and the Combustion Engineering Group. *1889 - the partner Jonas Wenström creates 3-phased generators, motors and transfor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brown, Boveri & Cie
Brown, Boveri & Cie. (Brown, Boveri & Company; BBC) was a Swiss group of electrical engineering companies. It was founded in Zürich, in 1891 by Charles Eugene Lancelot Brown and Walter Boveri who worked at the Maschinenfabrik Oerlikon. In 1970 BBC took over the Maschinenfabrik Oerlikon. In 1988 it merged with ASEA to form ABB. Early History of BBC Brown Boveri BBC Brown Boveri was established in 1891. The company was one of only a few multinational corporations to operate subsidiaries that were larger than the parent company. Because of the limitations of the Swiss domestic market, Brown Boveri established subsidiaries throughout Europe relatively early in its history, and at times had difficulty maintaining managerial control over some of its larger operating units. The merger with ASEA, a company which was praised for its strong management, was expected to help Brown Boveri reorganize and reassert control over its vast international network. Activity in Britain Brown Bove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investor AB
Investor AB is a Swedish investment and ''de facto'' conglomerate holding company. It was founded in 1916 and is still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies, with smaller positions in a number of other firms. History Investor AB was established by the Wallenberg family in Stockholm in 1916 when new Swedish legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. The shareholdings of the family bank, Stockholms Enskilda Bank ( SEB today), were transferred to Investor AB, a newly formed industrial holding company spun out of the bank. Investments Listed companies Investor AB own significant minority stakes in listed companies and are typically the largest shareholder. * ABB - Provides electrification products, robotics and motion, industrial automation and power grids. * AstraZeneca - A biopharmaceutical com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cevian Capital
Cevian Capital is a Swedish investment firm founded in 1996 by Christer Gardell and Lars Förberg, both of whom serve as managing partners. Backed by Carl Icahn, it is the largest activist investment firm in Europe. It has offices in Stockholm, Zurich, and London. Formerly called Amaranth, Cevian has invested in such companies as ABB, Danske Bank, ThyssenKrupp, Volvo , G4S, TeliaSonera, and Lindex, and played a major role in the sale of Skandia to Old Mutual.Butt, Rachel; Here are the 10 biggest activist money managers and some of their most impressive bets; Business Insider; June 17, 2016; http://nordic.businessinsider.com/top-10-biggest-activist-investors-2016-6?r=US&IR=T Founding Christer Gardell is co-founder and managing partner. Born in 1960, he graduated in business from the Stockholm School of Economics in 1984. After working as a management consultant at McKinsey & Company, he was CEO of AB Custos from 1996 to 2001.Levy, Rachel; This Swedish $13 billion activist hedge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zürich
Zürich () is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zürich. It is located in north-central Switzerland, at the northwestern tip of Lake Zürich. As of January 2020, the municipality has 434,335 inhabitants, the Urban agglomeration, urban area 1.315 million (2009), and the Zürich metropolitan area 1.83 million (2011). Zürich is a hub for railways, roads, and air traffic. Both Zurich Airport and Zürich Hauptbahnhof, Zürich's main railway station are the largest and busiest in the country. Permanently settled for over 2,000 years, Zürich was founded by the Roman Empire, Romans, who called it '. However, early settlements have been found dating back more than 6,400 years (although this only indicates human presence in the area and not the presence of a town that early). During the Middle Ages, Zürich gained the independent and privileged status of imperial immediacy and, in 1519, became a primary centre of the Protestant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robotics
Robotics is an interdisciplinary branch of computer science and engineering. Robotics involves design, construction, operation, and use of robots. The goal of robotics is to design machines that can help and assist humans. Robotics integrates fields of mechanical engineering, electrical engineering, information engineering, mechatronics, electronics, bioengineering, computer engineering, control engineering, software engineering, mathematics, etc. Robotics develops machines that can substitute for humans and replicate human actions. Robots can be used in many situations for many purposes, but today many are used in dangerous environments (including inspection of radioactive materials, bomb detection and deactivation), manufacturing processes, or where humans cannot survive (e.g. in space, underwater, in high heat, and clean up and containment of hazardous materials and radiation). Robots can take any form, but some are made to resemble humans in appearance. This is claim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the fifth-largest country in Europe. The capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including some of the largest in Europe. Many long rivers run from the Scandes range through the landscape, primarily ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel, St. Gallen a.o.). , coordinates = , largest_city = Zürich , official_languages = , englishmotto = "One for all, all for one" , religion_year = 2020 , religion_ref = , religion = , demonym = , german: Schweizer/Schweizerin, french: Suisse/Suissesse, it, svizzero/svizzera or , rm, Svizzer/Svizra , government_type = Federalism, Federal assembly-independent Directorial system, directorial republic with elements of a direct democracy , leader_title1 = Federal Council (Switzerland), Federal Council , leader_name1 = , leader_title2 = , leader_name2 = Walter Thurnherr , legislature = Fe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automation
Automation describes a wide range of technologies that reduce human intervention in processes, namely by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines. Automation has been achieved by various means including mechanical, hydraulic, pneumatic, electrical, electronic devices, and computers, usually in combination. Complicated systems, such as modern factories, airplanes, and ships typically use combinations of all of these techniques. The benefit of automation includes labor savings, reducing waste, savings in electricity costs, savings in material costs, and improvements to quality, accuracy, and precision. Automation includes the use of various equipment and control systems such as machinery, processes in factories, boilers, and heat-treating ovens, switching on telephone networks, steering, and stabilization of ships, aircraft, and other applications and vehicles with reduced hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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