Engineering group ABB's plan to offload three of its most profitable businesses, announced on Thursday, was met with disappointment by analysts who described the strategy as unambitious.
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2020-11-18 ABB plans to sell its Dodge power transmission arm. 19 November, 2020. ABB has announced plans to sell off its Dodge mechanical power transmission division following a strategic review of its portfolio. It is also planning to dispose of its Turbocharging and Power Conversion divisions. Dodge, which has annual sales of $575 million, is one of three businesses put up for disposal on Thursday, along with ABB’s power conversion and turbocharger units.
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ABB Said to Explore Sale of Dodge Unit Amid CEO Strategy Review Back to video The decision is one of the first, hotly awaited strategic moves by Rosengren, who joined from Sandvik AB in March. As part of his review of ABB’s sprawling portfolio that spans automation products, robotics and power systems, the Swede looked to jettison businesses that had lower synergies, profitability and growth. ABB bought Dodge - whose products include mounted bearings, enclosed gearing, couplings, sheaves and bushings for industrial purposes - as part of its $4B purchase of Baldor Electric in 2011.
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The Dodge D-Flex coupling is very popular in pumping applications due to the five-piece spacer design’s ease of installation and change out. ABB, Baldor® Electric, and Dodge can package together the controls, drives, motors, and couplings needed for common pumping applications. Dodge D-Flex Type S coupling Dodge D-Flex Type SC spacer coupling ABB Library is a web tool for searching for documents related to ABB products and services.
Engineering group ABB's plan to offload three of its most profitable businesses, announced on Thursday, was met with disappointment by analysts who described the strategy as unambitious.
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He joined Motion Industries in May 2011 following 21 years with ABB/Baldor played a key role in Baldor's acquisition of Dodge and Reliance Electric from
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managing this risk, in part by selling some operations in Africa and expanding our Dodge & Cox abroad, including ABB Group, Seco Tools.
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ABB möchte offenbar Dodge und zwei weitere Geschäftsbereiche abstossen Bild: Bloomberg Schon im Vorfeld der Ankündigung von ABB am Donnerstag, Dodge und zwei weitere Geschäftsbereiche abzustossen, hätten Bieter angeklopft, sagten mit der Sache vertraute Personen der Nachrichtenagentur Reuters.
ABB has announced plans to sell off its Dodge mechanical power transmission division following a strategic review of its portfolio. It is also planning to dispose of its Turbocharging and Power Conversion divisions.
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17 Dec 2018 ABB Chief Executive Ulrich Spiesshofer said his Swiss engineering group will now focus squarely on digital industries after selling an 80
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