ABB - M&A Summary and Business Overview

EngineeringCompany

ABB M&A Summary

ABB has acquired 43 companies, including 6 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 8 assets.

ABB’s largest acquisition to date was in 2010, when it acquired Baldor Electric for $4.2B. It’s largest disclosed sale occurred in 2021, when it sold ABB - DODGE Mechanical Power Transmission Business to RBC Bearings for $2.9B. ABB has acquired in 9 different US states, and 16 countries. The Company’s most targeted sectors include electrical equipment (35%) and technology hardware (16%).

ABB Business Overview

Where is ABB headquartered?

ABB is headquartered in Zurich, Switzerland.

What is ABB’s revenue?

ABB disclosed revenue of 32,235M USD for 2023 and 29,446M USD for 2022.

How many employees does ABB have?

ABB has 104,000 employees.

What sector is ABB in?

ABB is an engineering company.

When was ABB founded?

ABB was founded in 1883.

M&A Summary

  • M&A Total Activity45
    • M&A Buy Activity38
    • M&A Sell Activity8
  • Total Sectors Invested 12
  • Total Countries Invested 16
  • M&A Buy/Sell Connections 26
  • M&A Advisors 5

ABB

ABB Ltd.

Affolternstrasse 44,
Zurich, 8050
Switzerland,
+41 43 317 71 11
www.global.abb

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 34 1 1 1 - 1 38
vol $10.2B $10.2B
Sell (0.4/yr) # 6 1 1 - - - 8
vol $1.7B $2.9B $4.6B
  46

Most Recent M&A

Company Date Value Type
SEAM Group LLC 2024-02-20 - Add-on Acquisition
Beachwood, Ohio · www.seamgroup.com
PowerTech Converter 2022-09-19 - Add-on Acquisition
Berlin, Germany · www.powertech-converter.com
ABB - DODGE Mechanical Power Transmission Business 2021-07-26 2.9B USD Divestiture
Greenville, South Carolina
ASTI Mobile Robotics S.A.U. 2021-07-20 - Add-on Acquisition
Burgos, Spain · www.astimobilerobotics.com
Comem S.p.A. 2020-12-14 - Divestiture
Montebello Vicentino, Italy · www.comem.com
Codian Robotics B.V. 2020-10-02 - Add-on Acquisition
Ede, Netherlands · www.codian-robotics.com
Shanghai Chargedot New Energy Technology Co., Ltd. 2019-10-28 - Add-on Acquisition
Shanghai, China
ABB Ltd. - Solar Inverter Business 2019-07-09 - Divestiture
, Switzerland
GE Industrial Solutions 2017-09-25 - Divestiture
Fairfield, Connecticut · www.geindustrial.com
Keymile International - Communication Networks Business 2017-07-03 - Divestiture
Brunn am Gebirge, Austria
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Ventyx, Inc. 2010-05-03 Ventyx - Banner CIS 2014-05-16 1
Atlanta, Georgia · www.ventyx.com Atlanta, Georgia
Thomas & Betts Corp. 2012-01-30 Thomas & Betts HVAC Business 2014-04-30 1
Memphis, Tennessee · www.tnb.com , United States
Baldor Electric Co. 2010-11-30 Baldor Generators 2013-10-07 1
Fort Smith, Arkansas · www.baldor.com Oshkosh, Wisconsin
Power-One, Inc.    - Melcher Holding AG 1998-08-31 3
Camarillo, California · www.power-one.com , Switzerland

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 13 (35%) 9.1B (89%) 2 (25%) 342M (7%)
Technology Hardware 6 (16%) - - -
Machinery 4 (11%) 89M (1%) 1 (13%) -
Software 4 (11%) - - -
Business Services 2 (5%) - 1 (13%) -
Communications 2 (5%) - - -
Automotive 1 (3%) - - -
Energy Services and Equipment 1 (3%) - - -
Engineering 1 (3%) - - -
Information Technology 1 (3%) 1.0B (10%) - -
Renewable Energy 1 (3%) - - -
Test/Measurement Equipment 1 (3%) - - -
Construction - - 1 (13%) 950M (21%)
Electronics - - 1 (13%) -
Insurance - - 1 (13%) 425M (9%)
Manufacturing - - 1 (13%) 2.9B (63%)
Total 37 $10.2B 8 $4.6B

By Geo

State/Country Buy Value Sell Value
United States 13 10.1B 2 3.0B
  California 5 1.0B 1 117M
  Tennessee 1 3.9B - -
  Ohio 1 - - -
  Louisiana 1 - - -
  Kentucky 1 - - -
  Georgia 1 1.0B - -
  Connecticut 1 - - -
  Arkansas 1 4.2B - -
  South Carolina - - 1 2.9B
Netherlands 3 - 1 950M
Sweden 3 89M 1 -
Spain 3 - - -
Switzerland 1 - 2 225M
Australia 2 - - -
Austria 2 - - -
France 2 - - -
Germany 2 - - -
Italy 1 - 1 -
Argentina 1 - - -
Bermuda - - 1 425M
Brazil 1 - - -
Canada 1 - - -
  Quebec 1 - - -
China 1 - - -
Turkey 1 - - -
United Kingdom 1 - - -
Domestic 1 (3%) - 2 (25%) 225M (5%)
Cross-border 37 (97%) 10.2B (100%) 6 (75%) 4.4B (95%)
Total 38 $10.2B 8 $4.6B

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
PwC Corporate Finance LLC
1
Legal Deals
Cleary Gottlieb Steen & Hamilton
1
Jones Day
1
Giliberti Triscornia e Associati
1

Deal Values

buy # Total
> $1B 4 $10.1B
< $100M 1 $89M
TOTAL $10.2B
Largest Baldor Electric Co.
$4.2B (2010-11-30)
sell # Total
> $1B 1 $2.9B
$100M to $1B 4 $1.7B
TOTAL $4.6B
Largest ABB - DODGE Mechanical Power Transmission Business
$2.9B (2021-07-26)

M&A Connections

Deals
Acquired from
Investor(s)
26%
10 (26%)
Strategic(s)
8%
3 (8%)
Divested to
Investor(s)
25%
2 (25%)
Strategic(s)
75%
6 (75%)

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