ABB Marks 125th Anniversary in Finland
The company was founded in 1889 in Helsinki by entrepreneur & inventor Gottfrid Strömberg
ABB is celebrating its 125th anniversary in Finland. Founded in 1889 in Helsinki by entrepreneur and inventor Gottfrid Strömberg, ABB Finland is today an automation and power technology company with more than 5,000 employees in 30 locations, with sales of 2.3 billion Euros in 2013.
“ABB Finland has been driving innovation in power and automation technologies for 125 years. Today, ABB Finland is one of our most dynamic and successful country organizations and we continue to invest substantially in innovation and production facilities” said ABB CEO Ulrich Spiesshofer. “I would like to thank our colleagues in ABB Finland for their long standing excellent results and confirm our strong commitment to grow together in the future."
ABB Finland provides solutions for power transmission and distribution, building technology, sustainable transportation, renewable power as well as industry automation and marine solutions.
ABB Finland has an important global role within ABB, with several key technologies and businesses being led there, including the center for energy-efficient low voltage drives and the Azipod propulsion system for ships, which was invented by ABB Finland. Subsea transformers and grid automation are also further examples of Finnish innovation.
With more than 800 technologists and more than 190 million Euros in investment annually, the company is one of ABB’s global research and development hubs and was the second largest research and development investor in Finland in 2013.
The ABB drives business, headquartered in Helsinki, makes a global contribution to improve energy efficiency and lower environmental impact. In 2013, the energy savings reached 310 terawatt hours, which is equivalent to the electricity needs of about 90 million households in the European Union.