Wednesday, 27 October 2021

Tag Archives: ABB

ABB seeks new chief executive after Ulrich’s surprise move

ZURICH: ABB Chief Executive Ulrich Spiesshofer has quit the Swiss engineering group in a surprise move for a company which is in the midst of a strategic overhaul to focus more on digital industries. Chairman Peter Voser will take charge at ABB, which is selling its Power Grids business to ...

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Hitachi to buy majority stake in ABB’s power grid arm for $6.4 bn

TOKYO: Japan’s Hitachi announced plans to buy a majority stake in the power grid business of Swiss-Swedish engineering giant ABB for $6.4 billion, in what would be its biggest ever buyout. The deal would make Hitachi the world’s largest power grid company, local media said. Under the plan, ABB will ...

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