Cision Wire http://news.cision.com/ Cision is the leading global provider of media research, distribution, monitoring and evaluation services. With over 40 locations throughout the world, Cision provides the insight, expertise and intelligence that improve performance and build reputations. Fri, 24 May 2013 05:41:38 GMT Cision Wire 120 32 http://news.cision.com/ http://news.cision.com/ui/images/CisionLogoSmall.gif ABB Q1: Revenue growth, improved profitability http://news.cision.com/abb/r/abb-q1--revenue-growth--improved-profitability,c9405372 cision1311527

  • Improved portfolio and geographic balance generates solid results in a mixed market
  • Revenues steady to higher in all divisions[1]; Thomas & Betts on track
  • Operational EBITDA[2] and margin higher, continued solid execution on cost savings
]]> Wed, 24 Apr 2013 04:00:00 GMT ABB to acquire Power-One to become a global leader in solar photovoltaic (PV) inverters http://news.cision.com/abb/r/abb-to-acquire-power-one-to-become-a-global-leader-in-solar-photovoltaic--pv--inverters,c9403861 cision1308744

  • The boards of ABB and Power-One have agreed to a transaction in which ABB will acquire Power-One at $6.35 per share or approximately $1 billion equity value, which includes Power-One’s net cash of $266 million
  • Combination creates global leader in the most attractive and “intelligent” part of the PV value chain
  • Deal gives Power-One access to ABB’s substantial R&D, global service and sales capabilities and complements ABB’s growing inverter business and leadership in power electronics
  • Right time: Solar PV industry is set for 10 percent-plus annual growth as PV-generated power rapidly approaches grid parity in many countries and will change the energy mix in the long term
  • Management continuity ensured
  • Integration with proven approach into the Discrete Automation and Motion division
  • Transaction expected to close in 2H 2013, subject to shareholder and regulatory approvals
]]> Mon, 22 Apr 2013 05:05:00 GMT MIT Technology Review names ABB on its list of Top 50 global innovators http://news.cision.com/abb/r/mit-technology-review-names-abb-on-its-list-of-top-50-global-innovators,c9375113 cision1251980

ABB’s development of a high voltage DC breaker will help shape the grid of the future

]]> Mon, 25 Feb 2013 13:00:00 GMT World’s first nationwide EV charging network starts – based on ABB fast charger technology http://news.cision.com/abb/r/world-s-first-nationwide-ev-charging-network-starts---based-on-abb-fast-charger-technology,c9373100 cision1247884 Estonia is first country to operate a nationwide EV charging network of 165 DC fast chargers

]]> Wed, 20 Feb 2013 09:30:00 GMT ABB proposes to raise dividend on the back of solid growth and near-record cash flow http://news.cision.com/abb/r/abb-proposes-to-raise-dividend-on-the-back-of-solid-growth-and-near-record-cash-flow,c9370251 cision1241905

  • Full-year 2012 orders and revenues higher despite difficult business climate
  • Continued growth in automation supported by Thomas & Betts acquisition
  • Power Products with solid operational EBITDA margin in a tough environment
  • Continued robust free cash flow generation
]]> Thu, 14 Feb 2013 05:00:00 GMT ABB wins solar power orders worth $225 million to boost South Africa’s renewable program http://news.cision.com/abb/r/abb-wins-solar-power-orders-worth--225-million-to-boost-south-africa-s-renewable-program,c9343784 cision1189719 Large-scale photovoltaic plants to generate enough clean energy to power around 36,000 homes and displace around 130,000 tons of carbon dioxide emissions a year

]]> Tue, 04 Dec 2012 10:00:00 GMT GM and ABB demonstrate Chevrolet Volt Battery Reuse – world’s first use of electric vehicle batteries for homes http://news.cision.com/abb/r/gm-and-abb-demonstrate-chevrolet-volt-battery-reuse---world-s-first-use-of-electric-vehicle-batterie,c9335116 cision1172296

  • Partnership with ABB results in prototype back-up power storage unit
  • Energy storage project readies for testing on the power grid
]]> Thu, 15 Nov 2012 09:00:03 GMT ABB solves 100-year-old electrical puzzle – new technology to enable future DC grid http://news.cision.com/abb/r/abb-solves-100-year-old-electrical-puzzle---new-technology-to-enable-future-dc-grid,c9331583 cision1160565

Development of a DC breaker for high voltage transmission will help shape the grid of the future

]]> Wed, 07 Nov 2012 10:15:10 GMT Solid performance in an uncertain market http://news.cision.com/abb/r/solid-performance-in-an-uncertain-market,c9324251 cision1149251

  • Group operational EBITDA margin stable vs Q2 2012, including Power Products
  • Orders and revenues supported by better geographic balance in automation
  • Strong divisional cash from operations
  • Thomas & Betts contributed approx. $120 million to operational EBITDA
  • Outlook: Limited visibility, but cautious optimism in an uncertain environment
]]> Thu, 25 Oct 2012 04:00:00 GMT ABB wins $35 million order for next generation icebreaker in Russia’s Arctic http://news.cision.com/abb/r/abb-wins--35-million-order-for-next-generation-icebreaker-in-russia-s-arctic,c9311762 cision1128234 Integrated propulsion and electrical systems to maximize performance and energy efficiency of icebreaker expected to operate in 2 meters of ice at minus 35 degrees Celsius

]]> Mon, 01 Oct 2012 09:00:00 GMT