Strategy update: Shaping a leader focused in digital industries
Zurich, Switzerland, February 28, 2019 - Global software partnership with Dassault Systèmes and targets for New ABB’s four leading businesses announced· New ABB: focus, simplify, lead · Focused portfolio: Divestment of Power Grids to Hitachi well on track · Simplified structure: New operating model “ABB-OS™” for enhanced customer focus, agility and profitability; ~$500 million annual savings · Four new leading businesses, #1 or #2 in their respective markets, effective April 1, 2019 withnew medium-term business operational EBITA margin target corridors of:- Electrification: 15-