ABB Ltd ADR

Description

ABB Ltd is a Swiss multinational company pioneering in technology solutions and digitalized offering across different industries, including utility, infrastructure and transportation.

ASEA AB and BBC Brown Boveri AG merged in 1988 to form the present company headquartered in Zurich.

In 2020, the tech firm divested its 80 per cent ownership in the business of power grids to Hitachi.

The global technology firm has operations in over 100 countries worldwide. The company provides automation and power technologies solutions. It operates under four segments, namely:
• Power systems
• Products
• Process automation
• Robotics and automation products

The Zurich-based company operates under the industrial sector and electrical equipment sub-industry.

Their business operations are organized into four global areas made up of 20 divisions. It claims to provide advanced and latest industrial technologies.

The product pipeline consists of the following:
• control room solutions
• EV charging and related infrastructure
• medium voltage products
• generators and motors
• low voltage systems and related products
• robotics
• Measurement and analytics
• inverters
• power converters

The global technology company provides digitalized offerings to different industries such as:
• Metals
• Cement
• Automotive
• Life science firms
• Ports
• Food and Beverages
• Mining
• Aluminum
• Oil and Gas
• Data Centers
• Railways

The Swiss technology firm aims to provide sustainable solutions in electrification and transportation across the globe.

The electrification product segment sells and manufactures different products and services, including medium and low voltage breakers, switchgears, control products and switches.

It operates through various subsidiaries, namely Cylon Controls, Power-one Inc, ABB Australia, ABB Korea Co Ltd, Tropos Networks, ABB SRL, SynerLeap AB, Asea Brown Boveri SA, Lorentz & Wettre Ltd, Los Gatos Research, Inc, etc.

Its stocks in the form of ADR trade on NYSE under the symbol ‘ABB’. ADR stands for American Depository Receipts that represent the securities of foreign companies in the financial markets of the United States. It facilitates the US-based investors to buy and sell stocks of non-US entities.