ABB

ABB Engages in Power and Automation Technologies. The company offers a range of products, systems, solutions, and services. Its power business mainly focuses on transmission, distribution, and power plant automation, serving electricity, gas, and water companies as well as industrial and commercial customers. Its automation business serves a variety of industries with applications for measurement, control, protection, and process optimization. It operates in approximately 100 countries across four regions: Europe, the Americas, Asia, the Middle East, and Africa. In the year ended December 31, 2011, the business included five divisions: Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products, and Process Automation. On January 26, 2011, the company acquired Baldor Electric Company. In May 2011, it acquired a controlling stake in Validus DC Systems, a U.S.-based company.