ABB Ltd (ABBN.S)
Tue, Nov 28 2017
* HEWLETT PACKARD ENTERPRISE - STRATEGIC GLOBAL PARTNERSHIP COMBINES ABB'S INDUSTRY-LEADING DIGITAL OFFERINGS WITH HPE'S INNOVATIVE HYBRID IT SOLUTIONS Source text for Eikon: Further company coverage:
ZURICH, Nov 28 Swiss group ABB and Hewlett Packard Enterprise (HPE) have agreed a strategic partnership that combines their technologies to let customers harness industrial data to increase the efficiency and flexibility of operations.
(Company corrects to remove reference to transformer repair business shifting to Germany in this November 6 story)
ZURICH, Nov 6 Swiss engineering group ABB is axing 100 jobs from its Secheron plant in Geneva and shifting production to a site in Poland, the company said on Monday.
ZURICH ABB is reorganizing part of its global power grids operations as the Swiss engineering group responds to the division's sluggish profitability and falling orders.
ZURICH, Nov 6 ABB is reorganising part of its global power grids operations as the Swiss engineering group responds to sluggish profitability and falling orders in the business.
ZURICH/KHOBAR, Saudi Arabia, Nov 6 Swiss engineering conglomerate ABB is putting its turnkey projects arm for the oil and gas industry into a joint venture majority owned by Saudi Arabia's Arkad Engineering & Construction, as ABB seeks to "optimise" its business portfolio, the company said on Monday.
ZURICH ABB is confident of winning a slice of the $500 billion (£378.23 billion) mega-city project in Saudi Arabia, as the Swiss engineering group on Thursday posted its strongest growth in new orders for more than two and-a-half years.
* Says well-placed to win orders from Saudi NEOM project (rewrites throughout, adding CEO comments, analysts, stock reaction)