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56-700: The RegioSwinger was first manufactured by Adtranz in Hennigsdorf , before it became part of Bombardier Transportation in 2001. The train is in use in Germany with Deutsche Bahn as class 612 . The series was introduced to Croatia with Croatian Railways as HŽ 7123 or InterCity Nagibni (ICN) in 2004. (8 units in total). The public shortened that name, so it caught the nickname nagibni (swinger) in Croatia, and became known also by that short name, due to commercials. These trains are normally deployed on

112-638: A San Francisco -based developer of charging stations and power storage technologies, to enter North America's electric vehicle charging market. On 1 July of that year, the company announced its acquisition of Epyon B.V. of the Netherlands, an early leader in the European EV-charging infrastructure and maintenance markets. During early 2011, ABB acquired Baldor Electric in exchange for $ 4.2 billion in an all-cash transaction; this move aligned with ABB's strategy to increase its market share in

168-543: A $ 1 billion all-cash transaction, to become the leading global manufacturer of solar inverters . That same year, Fastned selected ABB to supply more than 200 Terra fast-charging stations along highways in the Netherlands. In 2016, ABB was awarded a contract on the TANAP gas pipeline project in Turkey to deliver the telecommunications, security and control infrastructure to contribute to safe, secure, and reliable operation of

224-414: A $ 691 million net loss for 2001. The loss was caused by ABB's decision to nearly double its provisions for settlement costs in asbestos -related litigation against its American subsidiary Combustion Engineering from $ 470 million to $ 940 million; these claims were linked to asbestos products sold by Combustion Engineering prior to its acquisition by ABB. At the same time, ABB's board announced it would seek

280-466: A 560 kW (751 hp) Cummins engine (type QSK-19). The power is transferred hydraulically. Up to four units can be connected by the Scharfenberg coupler , with the on-board computers automatically choosing the train configuration. Besides pneumatic brakes and a hydraulic braking system, class 612 is also equipped with an electro-magnetic brake . The maximum tilt is 8°. On July 24, 2009,

336-480: A business in which ABB remains active. Its traditional core activities include power generation, transmission and distribution; industrial automation , and robotics . Between 1989 and 1999, the company was also active in the rolling stock manufacturing sector. Throughout the 1990s and 2000s, ABB acquired hundreds of other companies, often in central and eastern Europe, as well as in Asia and North America. On occasion,

392-513: A family of electric propulsion systems that extends below the hulls of large ships, providing both thrust and steering functions. Developed in cooperation with the Finnish shipbuilder Masa-Yards, Azipod has demonstrated the viability of hybrid-electric power in seagoing vessels, while also increasing maneuverability, fuel efficiency and space efficiency. In 1998, ABB launched the FlexPicker,

448-400: A global industrial group with revenue of approximately $ 15 billion and 160,000 employees. When ABB began operations on 5 January 1988, its core operations included power generation, transmission and distribution; electric transportation; and industrial automation and robotics. In its first year, ABB undertook some 15 acquisitions, including the environmental control group Fläkt AB of Sweden,

504-416: A merger of their rail industry-related activities into a single autonomous 50:50 joint venture; the combined group would be the largest rail-technology company in the world. In Germany the combined company, along with Siemens would have a duopoly or near-duopoly in the market areas of electric locomotives, mainline and regional electric and diesel multiple units, trams and metros, and catenary systems. In

560-594: A new 67,000 square metre robotics factory in Shanghai following a $ 150 million investment. In June 2023, ABB agreed to acquire smart home automation provider Eve Systems . In September 2023, ABB announced it would partner with the Well Done Foundation to monitor methane and greenhouse gas emissions from orphaned wells in the United States . In January 2024, ABB acquired Real Tech,

616-595: A new supplier) emerging as the most likely cause of the accident. Adtranz Adtranz was a multi-national rail transportation equipment manufacturer with facilities concentrated in Europe and the US. The company, legally known as ABB Daimler-Benz Transportation , was created in 1996 as a joint venture between ABB and Daimler-Benz to combine their rail equipment manufacturing operations. In 1999, DaimlerChrysler (successor to Daimler-Benz) bought ABB's shares and changed

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672-508: A previous agreement made on the formation of the joint venture whereby DaimlerChrysler was required to purchase ABB's stake. Adtranz finally achieved profitability in 2000, as DaimlerChrysler prepared to sell off Adtranz. The Greenbrier Companies acquired the freight wagon manufacturing business in January 2000. The overhead electrification systems installations business was sold to Balfour Beatty in late 2000 for €153 million. No buyer

728-477: A prominent Canadian company specializing in innovative optical sensor technology for real-time water monitoring and testing. It also acquired R&D Engineering Firm Meshmind to Expand AI and Software Capabilities In May 2024, ABB agreed to acquire the wiring accessories business of Siemens in China. This deal will give access to a distribution network across 230 cities in China. In 1990, ABB launched Azipod ,

784-554: A robot using a three-armed delta design uniquely suited to the picking and packing industry. In 2000, ABB brought to market the world's first commercial high-voltage shore-to-ship electric power, at the Swedish port of Gothenburg . Supplying electricity to berthed ships from the shore enables vessels to shut down their engines while in port, significantly reducing noise, vibrations and carbon emissions. In 2004, ABB launched its Extended Automation System 800xA, an industrial system for

840-808: A set of new product brands for modular product platforms, with designs that can be adapted for the specific requirements of different customers: the Innovia guided transport vehicle, the Incentro low floor tram, the Itino diesel multiple unit, the Crusaris medium-high speed train (based on the GMB Class 71 flytoget trains), and the Octeon electric locomotive. A new diesel locomotive design with engine and electrical traction system provided by General Electric

896-490: A speed higher than the track configuration could handle and derailed. Croatian news media report that this section of the track was reconstructed in 2005 and that the particular train passed inspection just two days prior to the accident, but the accident brought back the debate on whether these trains are appropriate for local conditions. Investigation continues, with questionable application of fire retardant (recently changed to "aqueous based resin liquid penetrate" TG-300 from

952-510: A standard form of car body; after 18 months manufacturing costs had been reduced by 30%, revenues and orders also rose from 1996 to 1997. However the company continued to lose money, $ 111 million in 1997. Polish manufacturer Pafawag was acquired in 1997 and the facility modernised, controlling interests in MÁV Dunakeszi , Hungary and Schindler Waggon Switzerland were also acquired by the end of 1997. In March 1998 Adtranz presented

1008-467: A train derailed near Rudine, Croatia, with 119 passengers aboard, killing 6 and injuring 55, on the Zagreb-Split line . According to Croatian news reports, the cause of the derailment was slippery fire retardant that was just sprayed on a steep downhill section of the track, a normal practice in extreme summer heat but executed improperly using a new chemical. With brakes ineffective, the train gained

1064-671: A wide range of industry and utility operations, plus commercial and residential buildings. The business has strong exposure to a range of rapidly growing segments, including renewables, e-mobility, data centers and smart buildings. Its offerings include electric vehicle chargers , solar inverters , modular substations , distribution automation ; products to protect people, installations and electronic equipment from overcurrents such as enclosures , cable systems and low-voltage circuit breakers ; measuring and sensing devices, control products, switches and wiring accessories. The business also offers KNX systems that integrate and automate

1120-612: The Trans Adriatic Pipeline (TAP) at its border with Greece. On 6 July 2017, ABB announced it had completed its acquisition of Bernecker + Rainer Industrie-Elektronik (B&R), the largest independent provider of product and software-based open-architecture for industrial automation. During January 2018, ABB became the title partner of the ABB FIA Formula E Championship, the world's first fully electric international FIA motorsport series. On 30 June 2018,

1176-688: The 1990s, ABB continued its strategy of targeted expansion in Eastern Europe, the Asia–Pacific region and the Americas. During 1995, ABB agreed to merge its rail engineering unit with that of Daimler-Benz of Germany; the goal of this arrangement was to create the world's largest maker of locomotives and railway cars. The new company, ABB Daimler-Benz Transportation ( Adtranz ), had an initial global market share of nearly 12 percent. The merge took effect on 1 January 1996. A few months following

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1232-546: The 2010s, ABB has largely focused its growth strategy on the robotics and industrial automation sectors. Prior to the sale of its Power Grids division to Hitachi in 2020, ABB was Switzerland's largest industrial employer. Allmänna Svenska Elektriska Aktiebolaget (ASEA, English translation: General Swedish Electrical Limited Company) was founded in 1883 in Västerås, Sweden by Ludvig Fredholm as manufacturer of electrical light and generators. Brown, Boveri & Cie (BBC)

1288-582: The EU, outside Germany, the merger would have meant no significant market share increase, including Scandinavia, where ABB had a dominant market share. The proposed merger was approved by government regulators on 18 October 1995, on the condition that both companies divest themselves of any shares in Kiepe , a traction components company. The merger came into force on 1 January 1996. The company's manufacturing facilities and product lines were rationalised, including

1344-495: The North American industrial motors business. On 30 January 2012, the company announced the acquisition of Thomas & Betts, a North American specialist in low voltage products for industrial, construction and utility applications, in a $ 3.9 billion cash transaction. On 15 June 2012, ABB completed its acquisition of commercial and industrial wireless technology specialists Tropos. In July 2013, ABB acquired Power-One in

1400-548: The US. The acquisition expanded ABB's presence in automated spot-welding and positioned the company to better serve the American automotive industry. ABB's 1991 introduction of the IRB 6000 robot, demonstrated its increased capacity in this field. The first modular robot, the IRB 6000, can be reconfigured to perform a variety of specific tasks. At the time of its launch, the IRB 6000 was the fastest and most accurate spot-welding robot on

1456-708: The brand and slogan were deleted in 2008 and 2007 respectively. ABB ABB Ltd is a Swiss multinational electrical engineering corporation headquartered in Zurich , Switzerland . Owing to its history, it is dual-listed on the SIX Swiss Exchange in Zurich and the Nasdaq Nordic exchange in Stockholm , Sweden , in addition to OTC Markets Group 's pink sheets in the United States. It

1512-563: The company bought K-TEK, a manufacturer of level measurement instruments, for $ 50 million; it was incorporated into ABB's Measurement Products business unit within ABB's Process Automation division. During July 2010, ABB in Cary, North Carolina received a $ 4.2 million grant from the US federal government to develop energy storing magnets. On 10 January 2011, ABB invested $ 10 million in ECOtality,

1568-467: The company completed its acquisition of GE Industrial Solutions, General Electric 's global electrification business. On 17 December 2018, ABB announced it had agreed to sell 80.1% of its Power Grids business to Hitachi ; the former Power Grids division thus became a part of the Hitachi Group and was rebranded to Hitachi Energy . During December 2022, it was confirmed that Hitachi had acquired

1624-592: The company's official name to DaimlerChrysler Rail Systems . The company was acquired by Bombardier in 2001, which merged it into its Bombardier Transportation division, which became the largest rail equipment manufacturer in the world at the time, and was ultimately acquired by Alstom in 2021. Adtranz manufactured locomotives, high-speed, regional, metro and underground passenger trains, trams and people movers as well as freight wagons. Non rolling stock businesses included railway electrification and signalling infrastructure. On 8 May 1995, ABB and Daimler-Benz proposed

1680-430: The company's operations have encountered controversy. During 2001, an ABB entity pled guilty for bid rigging ; the firm has also had three US Foreign Corrupt Practices Act bribing resolutions against it; in 2004, 2010, and 2022. In early 2002, ABB announced its first-ever annual loss, which was attributed to asbestos -related litigation. Within three years, the company had successfully restructured its operations. During

1736-469: The contracting group Sadelmi/Cogepi of Italy, and the railway manufacturer Scandia-Randers A/S of Denmark. During 1989, ABB purchased an additional 40 companies, including Westinghouse Electric's transmission and distribution assets, and announced an agreement to purchase the Stamford, Connecticut-based Combustion Engineering (C-E). During 1990, ABB bought the robotics business of Cincinnati Milacron in

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1792-439: The final sale price for Adtranz just $ 516 million. The brand Adtranz was created by Landor Associates as part of the corporate identity of A BB D aimler Ben z Tran sportation . It is an acronym derived from selected letters of the complete name of the first company using it: A BB D aimler-Benz Trans portation, with a z in place of an s at the end for the name to imply a complete product platform from A to Z. It

1848-536: The high-tech industrial robotics and factory control system sectors, which reducing its reliance on traditional heavy engineering sectors such as power generation and transmission. In 1999, the company sold its stake in the Adtranz train-building business to DaimlerChrysler . Instead of building complete locomotives, ABB's transportation activities shifted increasingly toward traction motors and electric components. That same year, ABB and France-based Alstom , announced

1904-738: The large market share of Bombardier and Adtranz in the country. The deal would make Stadler a viable independent company providing competition to Bombardier. The takeover came into legal effect on 1 May 2001 with a final price of $ 725 million and ADtranz was folded into the Bombardier Transportation division. Within months of the sale, Bombardier said that it was misled about the financial situation of Adtranz. Bombardier sued DaimlerChrysler for providing misleading financial information. The companies settled in September 2004 with DaimlerChrysler agreeing to refund $ 209 million, making

1960-607: The market. In the early 1990s, ABB started expanding in Central and Eastern Europe . By the end of 1991, the company employed 10,000 people in the region. The following year, that number doubled. A similar pattern played out in Asia, where economic reforms in China and the lifting of some economic sanctions , helped open the region to a new wave of outside investment and industrial growth. By 1994, ABB had 30,000 employees and 100 plants, engineering, service and marketing centers across Asia; numbers that would continue to grow. Through

2016-435: The maximum speed on tilting lines was reduced, causing a massive disorder in the schedules. As before with class 611, wheels and axles had to be replaced. Starting in 2005, class 612 was equipped with hardened molybdenum axles. Today class 612 is back to tilting operation and forms the backbone of DB's fast regional service on unelectrified lines. After ICE TD class 605 was grounded due to a fracture of an axle in one unit, it

2072-710: The merger of their power generation businesses in a 50-50 joint company, ABB Alstom Power. Separately, in December 1999, ABB agreed to sell its nuclear power business to British Nuclear Fuels of the United Kingdom. During 2000, ABB divested its interests in ABB Alstom Power and sold its boiler and fossil-fuel operations (including Gas turbines) to Alstom. Thereafter, ABB's power business was focused on renewable energy and transmission and distribution. In early 2002, ABB announced its first-ever annual loss,

2128-501: The mountainous route between the two largest Croatian cities, route Zagreb - Split , but are occasionally used on other routes in the country (depending on need and availability). In the case of the Zagreb-Split route, this offers passengers a more comfortable and time-saving journey than previous trains whose journey took 8 hours, whereas the tilting trains offer shorter journey time with less noise and better amenities. However,

2184-478: The pipeline throughout its lifetime. The TANAP pipeline is the largest diameter and with 1,850 km length, the longest pipeline ever built in Turkey, crossing 20 districts and will bring Azerbaijan's natural gas through Georgia, Turkey and Greece into the rest of Europe. The $ 11 billion TANAP pipeline will interconnect with the South Caucasus Pipeline (SCP) at Turkey's border with Georgia and

2240-578: The process industries. Today, the company is the global market leader in distributed control systems. In May 2013, ABB Sécheron SA joined with several groups in Geneva TOSA (Trolleybus Optimisation Système Alimentation, or in English, Trolleybus Power System Optimization) in a one-year demonstration of a trolleybus route using a novel charging system. Rather than overhead wires, charging is accomplished by fixed overhead devices located at stops along

2296-593: The remaining 19.9% of the business. In March 2020, ABB announced that it had agreed to sell its solar inverter business to Italian solar inverter manufacturer Fimer; the transaction includes all of ABB's manufacturing and R&D sites in Finland, Italy and India, along with 800 employees across 26 countries. During mid-2021, ABB announced its involvement in the construction of the first permanent electric road that powers private vehicles and commercial vehicles such as trucks and buses. During December 2022, ABB opened

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2352-469: The return of money "paid in excess of obligations to Goran Lindahl and to Percy Barnevik," two former chief executive officers of the group. Barnevik received some $ 89 million in pension benefits when he left ABB in 2001; Lindahl, who succeeded Barnevik as CEO, had received $ 50 million in pension benefits. In 2004, ABB sold its upstream oil and gas business, ABB Vetco Gray, to a consortium of private equity investors for an initial sum of $ 925 million; despite

2408-713: The route and at the terminus. Jean-Luc Favre, head of Rail ISI, discussed the promising role of improved electric transport technology in ABB. In 2014, ABB unveiled YuMi, a collaborative industrial dual-arm assembly robot that permits people and machines to work side by side, unlocking new potential for automation in a range of industries. In 2018, ABB unveiled the Terra High Power charger for electric vehicles, capable of delivering enough to charge in eight minutes to enable an electric car to travel 200 kilometers. ABB's Electrification business area offers products and services from substation to socket. Customers include

2464-467: The safety of the tilting trains and their possible technical incompatibility with the conditions of the Croatian railroads are disputed after the 2009 Rudine train derailment , an incident that occurred on 24 July of that year, in which six passengers were killed and 55 were injured in the crash. Approximately 3 years before this on 24 November 2006, there was another accident in which the train's engineer

2520-688: The sale, ABB continued to play an active role in the oil and gas industry via its core automation and power technology businesses. During 2005, ABB delisted its shares from the London Stock Exchange and Frankfurt Stock Exchange . During the following year, the company ended its financial uncertainties via the finalization of a $ 1.43 billion plan to settle asbestos liabilities against its US subsidiaries, Combustion Engineering and ABB Lummus Global, Inc. A three-part capital strengthening plan also aided in ABB's recovery. In August 2007, ABB Lummus Global, ABB's downstream oil and gas business,

2576-490: The start of the 1997 Asian financial crisis , ABB announced plans to accelerate its expansion in Asia as well as to improve the productivity and profitability of its Western operations. The firm took an $ 850 million restructuring charge and shed 10,000 jobs as the firm shifted more resources towards emerging markets and scaled back some of its facilities in higher-cost countries. In June 1998, ABB announced that it would acquire Sweden-based Alfa Laval's automation unit, which at

2632-401: The tilting system and the chassis was largely considered a failure. Even though class 612 sticks to the principle of an electric tilting system ( Neicontrol-E ), it was newly engineered from the beginning. The first units were delivered in 1998 and worked reliably until 2004, when cracks were detected in a number of wheel sets. For safety reasons, the tilting system was disabled and subsequently

2688-509: The time was one of Europe's top suppliers of process control systems and automation equipment. During 1999, as a final step in the integration of the companies formerly known as ASEA and BBC, the directors unanimously approved a plan to create a unified, single class of shares in the group. That same year, ABB completed its purchase of Elsag Bailey Process Automation, a Netherlands-based maker of industrial control systems, in exchange for $ 2.1 billion. The acquisition increased ABB's presence in

2744-422: Was capitalised by the companies with a capital D as ADtranz , following the standard English text formatting and capitalisation rules it is spelled with a small d as Adtranz . Above the text ADtranz , the company logo included a green dot, symbolising a signal set on green, as well as the environmental friendliness of railways. The company also registered the slogan ADtranz – we speak railways . Rights on

2800-485: Was formed in 1891 in Zurich, Switzerland by Charles Eugene Lancelot Brown and Walter Boveri as a Swiss group of electrical engineering companies producing AC and DC motors , generators, steam turbines and transformers. On 10 August 1987, ASEA and BBC announced they would merge to form ASEA Brown Boveri (ABB). The new corporation would remain headquartered in both Zurich, Switzerland and Västerås, Sweden, with each parent company holding 50 percent. The merger created

2856-637: Was found for the railway signalling division. The remaining assets of Adtranz were sold to Bombardier , in a $ 711 million deal announced in August 2000, a price considered to be low by industry analysts. The sale was cleared by the European Union in April 2001 on the condition that Bombardier would license or sell the Adtranz regional train and tram products to Stadler Rail in the German market, due to

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2912-551: Was introduced, named " Blue Tiger ". Adtranz intended to consolidate its product range around these families once on-going deliveries are finished. Adtranz continued to make an operating loss in 1998, attributed to earlier contracts with underestimated costs, as well as technical problems with products. The same year brought an order for 400 locomotives for Deutsche Bahn , as well as the acquisition of Swiss Locomotive and Machine Works . ABB sold its 50% stake in Adtranz to DaimlerChrysler in January 1999 for $ 472 million, taking up

2968-406: Was killed; the tilting train crashed into a lorry at a rail crossing that had no ramp or warning lights. Out of eight trainsets introduced in 2004, two are thus out of service. The tilting train services may therefore have to be reduced as there are no longer enough train-sets to serve all scheduled ICN trains and destinations. Class 612's predecessor was class 611 , which due to heavy problems with

3024-501: Was ranked 340th in the Fortune Global 500 list of 2020 and has been a global Fortune 500 company for 24 years. ABB was formed in 1988 when Sweden 's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland 's Brown, Boveri & Cie merged to create Asea Brown Boveri , later simplified to the initials ABB. Both companies were established in the late 1800s and grew into major electrical equipment manufacturers,

3080-633: Was replaced by class 612 on the Dresden - Munich line 2003, as replacement by anything other than a tilting DMU would have meant an extension of travel time. Even though class 612 was not constructed for ICE-type travelling comfort, 16 units were repainted in the ICE livery and renumbered as class 612.4. However, one year later the same problem forced DB to disable the tilting system on the replacement. Passenger and driver compartments are fully air-conditioned. Class 612 units comprise two motorised coaches, each with

3136-663: Was sold to CB&I in exchange for $ 950 million. The sale led to ABB making an accelerated $ 204 million payment to the CE Asbestos PI Trust, a trust fund covering the asbestos liabilities of Combustion Engineering. During 2008, ABB agreed to acquire Kuhlman Electric Corporation, a US-based maker of transformers for the industrial and electric utility sectors. In November 2008, ABB acquired Ber-Mac Electrical and Instrumentation to expand its presence in Western Canada's oil and gas industries. In September 2010,

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