Abb s.p.a. private company information – bloomberg gas 91 octane

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ABB S.p.A. develops, manufactures, and markets power and automation products. The company offers medium and low voltage electrification products, systems, and integrated solutions for the protection, control, measurement, and automation of electrical distribution systems for various applications in industrial, commercial, residential, infrastructure, and utility sectors; and discrete automation and motion products, such as drives, motors and generators, power converters and inverters, power electronics, charging infrastructure of electric vehicles, robotics, UPS and power compensators, and programmable logic controllers. It also provides process automation products, including control systems…

ABB S.p.A. develops, manufactures, and markets power and automation products. The company offers medium and low voltage electrification products, systems, and integrated solutions for the protection, control, measurement, and automation of electrical distribution systems for various applications in industrial, commercial, residential, infrastructure, and utility sectors; and discrete automation and motion products, such as drives, motors and generators, power converters and inverters, power electronics, charging infrastructure of electric vehicles, robotics, UPS and power compensators, and programmable logic controllers. It also provides process automation products, including control systems, measurement products, and turbocharging products for power generation, oil and gas, marine, pulp and paper, minerals and mining, aluminum, cement, and other process industries, as well as service process automation solutions; and power grids and related products, such as high voltage equipment, communications networks, enterprise software, flexible alternating current transmission systems, high voltage cables, high voltage direct current grids, micro grids, semiconductors, substations and electrification products, and transformers, as well as substation automation, protection, and control products. The company has strategic alliance with Arkad Engineering & Construction Ltd. The company is based in Sesto San Giovanni, Italy. ABB S.p.A. operates as a subsidiary of ABB Ltd.

ABB S.p.A., Italy, and Arkad Engineering & Construction Ltd. have signed an agreement to form a joint venture (JV) to execute Engineering, Procurement and Construction (EPC) projects in the oil & gas indus try. ABB’s current oil & gas EPC business will be transferred to the new JV company in which leading Saudi EPC Company Arkad, will hold the majority share. This JV will allow to better serve current and future oil & gas EPC customers by combining the complementary strengths of Arkad and ABB’s oil & gas EPC unit. The transaction is in line with ABB’s Next level strategy aimed at enhanced competitiveness and business models with more attractive risk profiles. Closing of the transaction is expected in the coming months, subject to customary approvals. The new JV company, Arkad-ABB S.p.A., will provide the full range of integrated EPC services for oil & gas plants including project management, process engineering, multi-disciplinary detailed engineering, pro-curement, construction, commissioning and start-up. It will build on more than 50 years of experience in oil & gas EPC and the successful delivery of more than 300 projects globally. Arkad is a fully integrated EPC contractor offering innovative solutions for the energy sector in the Kingdom of Saudi Arabia (KSA). Headquartered in Al Khobar, KSA, Arkad has grown significantly over the last decade, with around 9,000 full-time employees and a substantial asset portfolio, supporting world-class competencies in EPC in KSA and within the region. Built on technical expertise and an entrepreneurial spirit, Arkad is also committed to developing and investing in local skills and talent as part of its drive to build world-class energy capabilities.