| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 313.1 | ABB is the largest! | STKSMA::AHLGREN | My God, It's full of stars!! | Fri Dec 16 1988 08:45 | 8 |
| Well, I can say as much that it was a total merger of the two
companies. It was done 18 months ago and it made ABB the largest
corporation in the world within its field.
Still ABB (Sweden) has the feeling of a Swedish company if that
is what you mean. Could you be a little bit more precise?
Paul.
|
| 313.2 | more on ABB. also Westinghouse? | HYDRA::MCALLEN | | Tue Dec 20 1988 11:59 | 18 |
| Any information about ABB would be interesting. As
an aside, I read that Westinghouse (in USA) may merge(d)
its power generation/transmission division with some
European firm. Was it Siemens or possibly ABB again?
In any case, ABB seems to be at the forefront of EHVDC
(extremely high voltage direct current) power transmission
converters. ABB seems to supply most/all of the EHVDC
inversion/rectification equipment used here in the USA.
I have the impression the the European application of EHVDC
includes some underwater use, whereas here it is all on-ground.
Right now some ABB gear is being installed in Ayer Mass,
(near Maynard Mass) at the terminus (output point) of the
hydropower feeder coming down from the James Bay Project
in Canada. And it is very large, heavy equipment, each of the
largest items weighing about 250 tons or so.
|
| 313.3 | ABB Bought it! | STKSMA::AHLGREN | My God, It's full of stars!! | Wed Dec 21 1988 02:46 | 5 |
| It was ABB that bought the division from Westinghouse. So it isn't
a merge, it's a take-over. They bought it over a year ago by the
way.
Paul.
|
| 313.4 | antitrust division intervenes | HYDRA::MCALLEN | | Wed Jan 18 1989 18:44 | 12 |
| Well, a recent article in Business Week indicates the
USA's Justice Department Antitrust Division is holding up
some part of the Westinghouse-ABB joint venture. That
is, the Antitrust Division will seek in court to prevent
the merger or at least have a court enjoin the resulting
entity from certain activities. This is not to deny that
some combination or purchase has already occured.
Another article, in a different magazine, states that the
recent merger of ASEA with Brown-Boveri constituted the largest
joining of two European industrial firms in history.
|