ABB

ABB (ASEA Brown Boveri) is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland, operating mainly in robotics and the power and automation technology areas. It ranked as the 286th largest company by revenue for 2016 in the Fortune Global 500 list.

ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 132,000 employees in December 2016.

ABB is traded on the SIX Swiss Exchange in Zurich, Nasdaq Stockholm and the New York Stock Exchange in the United States.

ABB is the world's largest builder of electricity grids and is active in many sectors, its core businesses being in power and automation technologies. With a long history of growth through mergers and acquisitions, it entered a phase of structure unification since 2014. The company has one corporate division and four production divisions since reorganization in January 2017. ABB is one of the few large companies that have successfully implemented the matrix structure in their organization.

The main focus of the Industrial Automation division is to provide customers with systems for control, plant optimization, and industry-specific automation applications. The industries served include oil and gas, power, chemicals and pharmaceuticals, pulp and paper, metals and minerals, marine and turbocharging. The division consists of seven business units: Control Technologies (the world's No 1 DCS supplier); Marine & Ports; Measurement & Analytics; Oil, Gas & Chemicals; Power Generation & Water; Process Industries and Turbocharging.