Asea Brown Boveri (ABB)

International electrical engineering holding company; administrative central is in Zürich, Switzerland. Gross turnover in 1999 was sfr 41.4 billion.

Timeline:

• 1988 ABB is created by a merger of BBC Brown Boveri AG and Swedish Asea.
• 1994 ABB develop record-breaking 240-MW gas turbine.
• 2001 the former Swiss BBC companies lose their independence as ABB Schweiz dissolves into the international organisation