ABB

Company Overview

The Company is organized into the following segments based on products and services: Electrification, Motion, Process Automation and Robotics and Discrete Automation. The remaining operations of the company are included in Corporate and Other. Process Automation offers a broad range of industry-specific, integrated automation, electrification and digital solutions, as well as lifecycle services for the process, hybrid and marine industries. The product portfolio includes control technologies, industrial software, advanced analytics, sensing and measurement technology, and marine propulsion systems. In addition, Process Automation offers a comprehensive range of services, from repair to advanced digital capabilities such as remote monitoring, preventive maintenance, asset performance management, emission monitoring and cybersecurity. The company operates in approximately 100 countries across three regions.

As of December 2023, the company had a portfolio of approximately 26,000 pending patent applications and granted patents, of which approximately 5,700 are pending applications. This portfolio includes approximately 3,600 utility models and design rights, of which approximately 170 are pending applications. During 2023, 2022 and 2021, ABB paid $175 million, $195 million and $212 million to purchase seven, five and two businesses, respectively.

Financial Highlights (FY 2023)

Company's Business Segments

• Electrification : Electrification provides leading Electrical Distribution, Management Technologies, Solutions, Services to electrify the customers. The portfolio includes Medium-Voltage, Low-Voltage Electrical Components, Switchgear, Digital Devices, Enclosures, Circuit Breakers, among others.
• Motion : The Motion Business area provides Pioneering Technology, Products, Solutions, Related services to industrial customers to increase Energy efficiency, improve Safety and Reliability, Maintain Precise Control over processes. The portfolio includes Motors, Generators, Drives for a wide range of applications in all industrial sectors.
• Process Automation : The Process Automation Business area provides a comprehensive range of Integrated Automation, electrical and Digital Systems, Services for customers in the Process, Hybrid, Maritime industries. These offerings, coupled with deep domain knowledge in each end market, help to optimize Productivity, Energy efficiency, Sustainability and safety of industrial processes and operations.
• Robotics & Discrete Automation : The Robotics & Discrete Automation Business area provides Robotics, Machine Automation, Factory Automation including Products, Software, Solutions, Services. Revenues are generated both from direct sales to end users as well as from indirect sales mainly through system integrators and machine builders.
• Corporate and Other : Corporate and Other includes core Headquarter Functions, Real Estate Activities, Corporate Treasury, Functional Shared Services for Human Resources, Finance Services, Information Services, Other Minor Business Activities.