Key Developments: ABB Ltd (ABBN.VX)

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Latest Key Developments (Source: Significant Developments)

ABB Ltd says awarded $103 million order for iron mine in Brazil
Tuesday, 9 Sep 2014 04:30am EDT 

ABB Ltd:Says has won $103 million contract from Brazilian mining company Vale.Says order is to install electrical and automation systems at modern iron ore mine in Carajas mountains of northern Brazil as part of major capacity expansion.  Full Article

ABB Ltd wins $800 million order for Scotland's Caithness -Moray subsea power link
Tuesday, 9 Sep 2014 04:00am EDT 

ABB Ltd:Says has won order worth over $800 million from Scottish Hydro Electric (SHE) Transmission plc.Says order to provide Caithness -Moray high-voltage direct current (HVDC) power transmission link, which to connect electricity grid on either side of Moray Firth in northern Scotland.  Full Article

ABB Ltd and China’s BYD form global alliance in energy storage solutions
Thursday, 4 Sep 2014 08:00pm EDT 

ABB Ltd:Announces with BYD Co., Ltd., strategic collaboration to jointly develop new solutions for energy storage building on their complementary strengths.Says scope of collaboration focuses on following applications: grid-connected energy storage, micro-grid applications, solar energy and marine applications.  Full Article

ABB Ltd partners with Salesforce.com
Wednesday, 3 Sep 2014 11:01am EDT 

ABB Ltd:Says has signed global agreement with Salesforce.com for sales and cloud-based services, offering more flexibility and real-time exchange of information in order to drive sales performance.  Full Article

ABB signs partnership deal with Volvo on automatic e-bus chargers
Monday, 21 Jul 2014 05:00am EDT 

Volvo AB:Says Volvo Buses and ABB have signed a partnership agreement regarding automatic e-bus chargers for electric-hybrid and full-electric Volvo buses.Says ABB will supply standard-based fast-charging solutions for the electric vehicles.No financial details.  Full Article

ABB Ltd receives $400 mln order for Maritime Link power project in Canada
Wednesday, 9 Jul 2014 08:00am EDT 

ABB Ltd:Receives an order of about $400 mln from NSP Maritime Link Inc., a subsidiary of Emera Inc.To supply a high-voltage direct current (HVDC) power transmission solution creating the first electricity link between the island of Newfoundland and the North American power grid.Order was booked in the second quarter of 2014.  Full Article

ABB to divest Meyer Steel Structures business of Thomas & Betts for $600 mln to Trinity Industries Inc
Thursday, 26 Jun 2014 08:00pm EDT 

ABB Ltd:To divest the Meyer Steel Structures business of Thomas & Betts for $600 million to Trinity Industries Inc.The all-cash transaction is expected to close in Q3, subject to regulatory clearance.Says is divesting the steel structures business of Thomas & Betts due to limited synergies with its core portfolio.Meyer Steel Structures serves North American utilities with engineered steel mono pole structures for power transmission & distribution.  Full Article

ABB signs SEK 20 mln deal with Volvo Trucks
Tuesday, 24 Jun 2014 08:00am EDT 

ABB Ltd:Signs service agreement with Volvo Trucks in Umea.Says will be responsible for about 300 robots used for production of truck cabs.Contract value about 20 million Swedish crowns over three years.  Full Article

Bel Fuse Inc closes acquisition of ABB Power-One Solutions from ABB Ltd
Friday, 20 Jun 2014 08:00am EDT 

Bel Fuse Inc:Closed the previously announced acquisition of the Power-One Solutions business from ABB Ltd.Bel acquired the Power Solutions business for about $117 million on a cash and debt-free basis.  Full Article

Wartsila in collaboration with ABB Turbocharging to service Royal Caribbean Cruises
Monday, 16 Jun 2014 08:00pm EDT 

ABB Ltd:Says Wartsila has signed a ten-year maintenance and technical support agreement with Royal Caribbean Cruises Ltd (RCL), which includes a subcontract with ABB Turbocharging.The agreement covers 142 Wartsila engines and 170 ABB turbochargers in 36 vessels.ABB Turbocharging will work with Wartsila to provide a customised service package for the turbochargers on the vessels, including scheduled and unscheduled spare parts and labour at ABB workshop.No financial details.  Full Article

Dutch, Danish grids to build 600 mln euro subsea power cable

PARIS, Sept 10 - Dutch power grid operator TenneT and Danish counterpart Energinet.dk will invest over 600 million euros in a new subsea cable that will connect the two countries electricity networks, TenneT said in a statement.

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