About ABB
ABB is a company based in United States founded in 1988 by Horst-Wolfgang Spechtmeyer. It operates as a Professional Services, and Reseller / Distribution. The company has 4,870 employees as of December 31, 2024. ABB has completed 13 acquisitions, including Aurora Motors, BrightLoop and DTN. ABB offers products and services including Industrial Automation Solutions and Power Generation Systems. ABB operates in a competitive market with competitors including Honeywell, CG Power & Industrial Solutions, Schneider Electric, Danfoss and Emerson, among others.
- Headquarter United States
- Employees 4870 as on 31 Dec, 2024
- Founders Horst-Wolfgang Spechtmeyer
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Abb India Limited
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Annual Revenue
$1.42 B (USD)16.67as on Dec 31, 2024
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Net Profit
$218.69 M (USD)50.69as on Dec 31, 2024
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EBITDA
$275.82 M (USD)51.96as on Dec 31, 2024
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Latest Funding Round
$552.25 K (USD), Grant
Nov 01, 2023
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Investors
HHS
& 2 more
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Employee Count
4870
as on Dec 31, 2024
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Investments & Acquisitions
Aurora Motors
& 12 more
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IPO & Listings of ABB
ABB is a publicly listed company on the NSE with ticker symbol ABB in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of ABB
ABB offers a comprehensive portfolio of products and services, including Industrial Automation Solutions and Power Generation Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Solutions for industrial automation are provided by ABB.
Power generation systems are developed by ABB Group.
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Software Development Team
225 people
Sales and Marketing
112 people
Product Management Team
92 people
Leadership Team
71 people
Human Resources and Administration
64 people
Finance and Accounting
35 people
Project Team
31 people
Senior Team
26 people
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Funding Insights of ABB
- Total Funding Total Funding
- Total Rounds 76
- Last Round Grant — $552,255
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First Round
First Round
(01 Jun 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Grant - ABB | Valuation |
investors |
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| Jan, 2021 | Amount | Grant - ABB | Valuation |
investors |
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| Oct, 2020 | Amount | Grant - ABB | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ABB
ABB has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include HHS, European Union and OSTI.GOV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ABB
ABB has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include Aurora Motors, BrightLoop and DTN. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI software and technology partnerships are developed by Meshmind.
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2022 | ||||
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Camera and AI-based unmanned ground vehicles are provided for industries.
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2018 | ||||
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Smart panels are developed for upgrading circuit breaker panels.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ABB
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abb Comparisons
Competitors of ABB
ABB operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Honeywell, CG Power & Industrial Solutions, Schneider Electric, Danfoss and Emerson, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified electronics and automation equipment are manufactured and supplied.
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| domain | founded_year | HQ Location |
Manufacturer of Industrial and Consumer Electric Equipment
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| domain | founded_year | HQ Location |
Energy management and automation solutions are provided globally.
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
Automation and engineering services are provided for multiple industries.
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| domain | founded_year | HQ Location |
Industrial automation and information systems are provided to global industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abb
Frequently Asked Questions about ABB
When was ABB founded?
ABB was founded in 1988 and raised its 1st funding round 18 years after it was founded.
Where is ABB located?
ABB is headquartered in United States.
Who is the current CEO of ABB?
Morten Wierod is the current CEO of ABB.
How many employees does ABB have?
As of Dec 31, 2024, the latest employee count at ABB is 4,870.
What is the annual revenue of ABB?
Annual revenue of ABB is $1.42B as on Dec 31, 2024.
What does ABB do?
ABB Group is involved in providing industrial automation and power generation solutions. Operations are focused on supporting industries to enhance efficiency and sustainability. Services and systems are offered across sectors like marine, ports, oil gas, and buildings infrastructure. Innovative technologies are developed to help industries operate leaner and cleaner. Global presence is maintained with tailored solutions for diverse markets.
Who are the top competitors of ABB?
ABB's top competitors include Honeywell, CG Power & Industrial Solutions and Schneider Electric.
What products or services does ABB offer?
ABB offers Industrial Automation Solutions and Power Generation Systems.
Is ABB publicly traded?
Yes, ABB is publicly traded on NSE under the ticker symbol ABB.
How many acquisitions has ABB made?
ABB has made 13 acquisitions, including Aurora Motors, BrightLoop, and DTN.
Who are ABB's investors?
ABB has 3 investors. Key investors include HHS, European Union, and OSTI.GOV.
What is ABB's ticker symbol?
The ticker symbol of ABB is ABB on NSE.
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