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Asea Brown Boveri

ASEA BROWN BOVERI

1.0 Introduction

1.1 Asea Brown Boveri’s Company Background

Asea Brown Boveri Ltd. (ABB) or also known as General Electric of Europe is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. ABB known as their advance technology competence in broad application know-how and global presence offer an easy access to lead in electrical engineering and industry automation solutions and system. The group has divided into two core business segments which are power technologies and automation technologies. Their main business is serving electric, gas, and water utilities, and also industrial and commercial customers, the power technologies division offers a wide array of products, systems, and services for power transmission and distribution and power plant automation including offering transformers, medium- and high-voltage products, power systems, and utility automation systems which increase grid reliability and energy efficiency. The automation technologies division specializes in manufacturing-automation and process-automation products, services, and systems. ABB owns 55 percent of its total sales in Europe, 19 percent in the Americas, 18 percent in Asia, and 8 in the Middle East and Africa. The Wallenberg family dynasty of Sweden holds about a 10 percent stake in the company.

ABB is a Zurich-based electro-engineering company and was formed in 1988 when the Swedish Asea and the Swiss BBC Brown Boveri cooperate together to form a company named as Asea Brown Boveri or ABB.

Asea’s history dates back to 1883. Elektriska Aktiebolaget in Stockholm was established in 1883 by Ludwig Fredholm to manufacture electrical lighting and generators based on the designs of a young engineer named Jonas Wenstrom. Wenstrom's innovative designs quickly led to financial success, and Fredholm soon wanted to expand the scope of his firm's...