ABB has announced details of a restructuring which will take effect from January 1 2006, replacing its two core divisions with five business areas.
Under the plan, the current Technologies and Automation Technologies divisions will be abolished, to be replaced by Zürich-based Power Products, Power Systems and Automation Products divisions, a Process Automation business in Norwalk, Connecticut, and a Robotics division based in Shanghai. A Global Markets & Technology section will function across the ABB group.
On September 5 ABB Ltd announced that its shares had been delisted from the London Stock Exchange. Delisting from Frankfurt will be completed by the end of this year. n
