robotics and mainly in the power and automation technology areas. It ranked 158th in theForbes Ranking (2013).[citation needed] ABB is one of the largest engineering companies as well as one of the largestconglomerates in the world. ABB has operations in around 100 countries, with approximately 150,000 employees in November 2013,[3] and reported global revenue of $40 billion for 2011.[2] ABB is traded on the SIX Swiss Exchange in Zürich and the Stockholm Stock Exchange inSweden since 1999, the New York Stock Exchange in the United States since 2001, September 2005 on London Stock Exchange and in November 2005 on the Frankfurt Stock Exchange.[4] History See also: ASEA and Brown, Boveri & Cie ABB resulted from the 1988 merger of the Swedish corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA) and the Swiss company Brown, Boveri & Cie (BBC); the latter had absorbed the Maschinenfabrik Oerlikon in 1967. CEO at the time of the merger was the former CEO of ASEA, Percy Barnevik, who ran the company until 1996. ABBs history goes back to the late 19th century. ASEA was incorporated by Ludwig Fredholm in 1883 and Brown, Boveri & Cie (BBC) was formed in 1891 in Baden, Switzerland, by Charles Eugene Lancelot Brown and Walter Boveri as a Swiss group of electrical companies producing AC and DC motors, generators, steam turbines and transformers. 
Posted on: Sat, 15 Mar 2014 04:24:13 +0000
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