Switzerland, Zurich: ABB reported that its Power Systems division business is improving as the turnaround strategy at the unit continues after the business suffered from offshore wind transmission and solar project issues.
Switzerland, Zurich: ABB announced a $4 billion share buyback after ABB CEO Ulrich Spiesshofer said he seeks to boost shareholder returns.
Switzerland, Zurich: ABB, the world’s largest maker of power transformers, reported first-quarter profit that missed the estimates.
Switzerland, Zurich: ABB has won a $ 110 million order from the Saudi Electricity Company (SEC) to construct substations that will help boost transmission capacity in the country’s western region.