ZURICH, Switzerland (April 22, 2013) – ABB and Power-One, Inc., announced that their boards of directors have agreed to a transaction in which ABB will acquire Power-One for $6.35 per share in cash or $1,028 million equity value.
ABB
HOUSTON (March 19, 2013) – ABB announced that its Onboard DC Grid will receive a Spotlight on New Technology Award at the Offshore Technology Conference (OTC) to be held May 6-9 in Houston. The awards honor innovative technologies for the oil and gas industry and related energy sectors that have the potential to significantly impact offshore exploration and production.
ZURICH, Switzerland (March 13, 2013) – ABB recently won a $26 million order to supply electrical power and propulsion systems for two next generation ‘Ramform’ vessels, capable of three-dimensional (3D) seismic data acquisition for deep sea resource exploration.
ZURICH, Switzerland (Feb. 12, 2013) – ABB has agreed to acquire APS Technology Group (APS), a San Diego, Calif.-based company that develops and markets solutions for the port industry. The acquisition will expand ABB’s crane system portfolio to the container terminal market. The transaction is expected to close in the first quarter of 2013.
ZURICH, Switzerland (Feb. 7, 2013) – ABB has won orders worth $160 million from Jurong Shipyard Pte Ltd. for the design, supply, supervision of installation, testing and commissioning of the main electrical systems for seven next generation drill ships that will operate in the deep water oil and gas fields off the coast of Brazil. The orders were booked in the fourth quarter of last year and first quarter of this year.
MEMPHIS, Tenn. (Jan. 4, 2013) – The integration of Thomas & Betts (T&B) and ABB’s low voltage electrical products businesses continues with the announcement of key executive and structural changes designed to further enhance the company’s value propositions. The value propositions are expressed as being the “Supplier of Choice for Distributors and the Brand of Choice for OEM and End Users.”
ZURICH, Switzerland (Jan. 9, 2013) – ABB has won an order to design and deliver 420 kilovolt (kV) high voltage gas insulated switchgear (GIS) that will facilitate the supply of power to a new desalination facility and support the grid integration of a new 2.5 gigawatts (GW) power generation plant.
ZURICH, Switzerland (June 11, 2012) – ABB, a power and automation technology group, recently won an order from Rickmers Group in Germany to supply advisory systems for dynamic trim optimization and fleet management solutions for five multi-purpose vessels. Trim optimization means ballasting or loading the ship to achieve the floating position that consumes the least propulsion power.