ABB: ABB Posts Increase in Earnings, Plans Robotics Business Spinoff
ABB Posts Increase in Earnings, Plans Robotics Business Spinoff · The Wall Street Journal In This Article: First-quarter net profit rose above analysts' expectations to $1.10 billion at ABB, which intends to spin off its robotics division through a share distribution.
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ABB is a Switzerland-based automation company that manufactures products including control systems, motors, and generators for industries such as mining and automotive.
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