ABB: Next stage of unlocking value
Zurich, Switzerland, October 4, 2016· Shaping four focused, market-leading, entrepreneurial divisions: · Electrification Products · Robotics and Motion · Industrial Automation · Power Grids · Continued Power Grids transformation under ABB ownership: · “Power Up” program aiming at growth, lower risk, earnings accretion · De-risked EPC business modelDivesture of cable business expected in Q1 2017 · Partnership with Fluor for substations · Partnership with Aibel for offshore wind · Raised margin target corridor 200bps to 10-14%,