Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  ABB Ltd    ABBN   CH0012221716

ABB LTD (ABBN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

ABB : completes acquisition of Spirit IT (2014 11 07)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2014 | 01:09am CEST

2014-11-04 - Adds innovative liquid flow computers and software for oil and gas applications, ABB boosts its offering in smart metering and control for custody transfer of oil and gas between operators.

Zurich, Switzerland - November,4th 2014 - ABB, the leading power and automation group, announced today it completed its acquisition of Spirit IT of Eindhoven, Netherlands. The acquisition, announced July 25, adds a new line of high-performance liquid flow computers, SCADA and custody transfer solutions to ABB's leading measurement business for the oil and gas industry. Spirit IT (www.spiritit.com) designs and sells liquid flow measurement and supervisory solutions for use in oil and gas applications. Its liquid flow computers and software deliver greater accuracy and control for well-pad automation, transportation and custody transfer applications. The acquisition complements ABB's Measurement Products portfolio by enabling the company to offer a more comprehensive automation solution for liquids and gas. It adds the liquid measurement component to ABB's industry leading gas measurement and automation product line and provides new opportunities for growth in the oil and gas segment. Spirit IT's employees will join the global Measurement Products business unit in ABB's Process Automation division. Terms of the deal were not disclosed.

ABB's Measurement Products business unit (www.abb.com/measurement) is among the world's leading manufacturers and suppliers of instrumentation and analyzers. With thousands of experts around the world and high-performance technology, ABB's team is dedicated to making measurement easy for its customers.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 150,000 people.



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ABB LTD
04/24ABB : committed to Egypt’s energy and industrial future
PU
04/24ABB : committed to Egypt's energy and industrial future
AQ
04/24ABB : powers e-mobility with launch of first 350 kW high power car charger
AQ
04/23ABB : and the Economist Launch Automation Readiness Index, Global Ranking for Ro..
BU
04/23ABB : New concept in centralized protection and control for distribution substat..
PU
04/23ABB : Eco-efficient medium-voltage substations to power e-mobility needs unveile..
PU
04/23ABB : New ABB Tmax XT circuit breakers break new ground for optimized energy man..
PU
04/23ABB : and The Economist launch Automation Readiness Index, global ranking for ro..
AQ
04/23ABB : All-in-one protection relay for advanced applications
PU
04/23ABB : launches the world’s first digitally integrated power transformer
PU
More news
News from SeekingAlpha
04/24Schneider Electric Still Not Getting Full Marks For Its Performance 
04/23Honeywell Offers Attractive Leverage To Multiple Healthy Markets 
04/20A Good Start To The Year For ABB, But Management Has To Build From Here 
04/19ABB LTD. 2018 Q1 - Results - Earnings Call Slides 
04/19ABB's (ABB) CEO Ulrich Spiesshofer on Q1 2018 Results - Earnings Call Transcr.. 
Financials ($)
Sales 2018 37 962 M
EBIT 2018 4 426 M
Net income 2018 2 785 M
Debt 2018 3 802 M
Yield 2018 3,40%
P/E ratio 2018 19,06
P/E ratio 2019 16,53
EV / Sales 2018 1,49x
EV / Sales 2019 1,36x
Capitalization 52 746 M
Chart ABB LTD
Duration : Period :
ABB Ltd Technical Analysis Chart | ABBN | CH0012221716 | 4-Traders
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 26,9 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ABB LTD-9.49%52 746
SHANGHAI ELECTRIC GROUP COMPANY LIMITED-13.45%11 826
ALSTOM10.88%10 414
ABB INDIA LTD-3.50%4 238
CHINA XD ELECTRIC CO., LTD.-10.98%3 195
HYUNDAI ELEVATOR CO LTD--.--%2 385