ABB Ltd., the Zurich, Switzerland-based maker of power-transmission gear, said its order volume grew by at least 10 percent in its fiscal fourth quarter due to sustained demand for factory automation equipment. Earnings before interest and taxes rose by a “double-digit” percentage on single-digit growth in revenues.
Separately, ABB said its subsidiary Brock Acquisition Corp. successfully completed its cash tender offer for all outstanding shares of common stock in industrial motor man
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.