Guess Who Just Turned 125 Years Old?
On August 29, 2014, ABB celebrated its 125th anniversary in Finland. The company was founded in 1889 in Helsinki by entrepreneur and inventor Gottfrid Strömberg, and today ABB Finland is an innovative automation and power technology company with more than 5,000 employees in 30 locations.
According to ABB Chief Executive Officer Ulrich Spiesshofer, ABB Finland has been driving innovation in power and automation technologies for more thana century. ABB Finland provides its customers solutions for power transmission and distribution, building technology, sustainable transportation, renewable power as well as industry automation and marine solutions.
With ABB's global scope, ABB Finland has a very important role with several key technologies and businesses being led there. They include the lead center for energy-efficient Low Voltage drives and the successful Azipod propulsion system for ships (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.