ABB Asea Brown Boveri Ltd.
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ABB Asea Brown Boveri Ltd. - overview
Established
1988
Location
Zurich, -, Switzerland
Primary Industry
Power & Utilities
About
Based in Switzerland, ABB Asea Brown Boveri Ltd. is a global technology leader specializing in electrification and automation solutions that enhance efficiency and sustainability across diverse industries. ABB provides advanced technology solutions in electrification and automation. Founded in 1988 in Zurich, Switzerland, the company has evolved without major pivots in strategy.
The founders include Ashtynn Baltimore, Cedric Bouvier, Davide Felline, and others. Currently, Antonio Blas serves as the CEO. ABB Group operates in four main business areas: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. Their products aim to improve operational efficiency and sustainability for sectors such as manufacturing, marine, oil and gas, power generation, and transportation.
Innovations include electric propulsion systems and robotics tailored for the automotive industry, serving global markets including North America, Europe, Asia-Pacific, and the Middle East. In 2023, ABB Group reported a revenue of USD 32. 24 bn with an EBITDA of USD 5. 65 bn.
Their revenue model focuses on direct sales, service agreements, and long-term contracts, primarily through B2B relationships that ensure product efficacy and ongoing support. ABB is actively working on upcoming products designed to further enhance energy efficiency and automation. They plan to expand into new markets in Asia-Pacific and the Middle East by the end of 2024. Recent funding will support the development of these initiatives, ensuring readiness for market demands and technological advancement.
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services, Industrial Machinery, Electronic Components, Analytics & Performance Software
Website
www.abb.com
Verticals
Electric & Hybrid Vehicles, IoT (Internet of Things), Manufacturing, Robotics
Total Amount Raised
Subscriber access only
ABB Asea Brown Boveri Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, LP Direct | Announced | ABB's robotics business | - | ||||||||
| Trade Sale | Completed | Dr. Foedisch Umweltmesstechnik AG | - | ||||||||
| Corporate Carve Out | Completed | ABB Asea Brown Boveri's Industrial Services business | - | ||||||||
| Trade Sale | Completed | SEAM Group, LLC | - | ||||||||
| Trade Sale | Completed | Sevensense Robotics AG | - |
Displaying 1 - 5 of 23
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