ABB Unveils New Water-cooled Motor Line
ABB has unveiled its Baldor-Reliance HydroCool XT motor product line, a new generation of water-cooled motors for extreme marine duty and other applications.According to the manufacturer, HydroCool XT is quiet and versatile, and offers reduced maintenance and high performance in some of the toughest environments. Water-jacket cooling offers higher thermal conductivity than air cooling, helping to extend the motor life while eliminating the need for fans or air filters. Available with induction or permanent magnet rotor technology…
Greg Scheu to Head Up ABB's N.America Business
ABB, the power and automation technology group, is realigning responsibilities in its Group Executive Committee (EC) to put a strong focus on acquisition integration and the significantly expanded North American business portfolio with the new appointment. Under these changes, Greg Scheu, who is currently responsible for Marketing and Customer Solutions (MC) on the EC, will lead the Group’s acquisition integration efforts and take over responsibility for North America including the United States, ABB’s largest geographical market.
ABB's Pekka Tiitinen Appointed Head of DM Division
Pekka Tiitinen, the global head of ABB’s Drives and Controls business, has been appointed to ABB’s Executive Committee as head of the Discrete Automation and Motion (DM) division as of Sept. 15, 2013. He succeeds Ulrich Spiesshofer, who is taking over as ABB CEO. Tiitinen (46), a Finnish citizen, has been responsible for ABB’s Drives and Controls business since it was formed in January 2013. Before that he was head of the global Low Voltage Drives business for 10 years, with a very successful track record particularly in China, the US and Europe.
ABB Appoints Ulrich Spiesshofer CEO
The Board of ABB has appointed Ulrich Spiesshofer, head of its Discrete Automation & Motion (DM) division, as Chief Executive Officer. Ulrich Spiesshofer will succeed Joe Hogan in this role in an orderly transition on September 15, 2013. Hogan will continue with ABB for some months as Senior Advisor to the Board. Spiesshofer joined ABB’s Executive Committee in 2005 and was named responsible for DM in 2009. He has led a doubling of the division’s revenues by organic and inorganic means, and the integration of Baldor – ABB’s largest ever acquisition.
ABB Post First Quarter Results
Zurich, Switzerland - ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, driven mainly by utility investments in power distribution and industrial demand for automation solutions that increase productivity. Order growth mirrored regional economic trends and was weakest in China and southern Europe. Service orders were up 9 percent and represented 20 percent of total orders, reflecting progress in implementing the service growth strategy.
