ABB reorganizes to unlock value

Oct 25, 2016

ABB reported Oct. 4 that it’s launched Stage 3 of its Next-Level strategy to improve value for its customers and shareholders. The strategy’s core elements include shaping ABB’s divisions into four entrepreneurial units. This involves continuing to transform the Power Grids division under ABB’s ownership, realizing ABB’s full digital potential, accelerating momentum in operational excellence, and strengthening ABB’s brand. The four divisions—Electrification Products, Robotics and Motion, Industrial Automation and Power Grids—will go into effect on Jan. 1, 2017.

“In Stage 3, we’re building on our successful transformation momentum and strengthening our position as a pioneering technology leader and global digital champion,” says Ulrich Spiesshofer, CEO of ABB.