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Tuesday, December 18, 2018

غروندفوس تخطف الأضواء في مؤتمر ريتروفيت تك 2018 في المملكة العربية السعودية

الرياض، المملكة العربية السعودية-الاثنين 17 ديسمبر 2018 [ ايتوس واير ]


شاركت "غروندفوس"، الشركة العالمية الرائدة والحائزة على الجوائز في مجال تصنيع الحلول المتطورة للمضخات وتطبيقات أنظمة معالجة المياه، في مؤتمر "ريتروفيت تك 2018" في المملكة العربية السعودية، وهو مؤتمر رائد انعقد على مدى يومين بتاريخ 18 و19 نوفمبر 2018 في "فندق ومركز مؤتمرات كراون بلازا الرياض آر دي سي"، بالمملكة العربية السعودية.
ويُعتبر "ريتروفيت تك- المملكة العربية السعودية" المؤتمر التخصصي الوحيد المكرس لقطاع تجديد وتحديث الأبنية الناشئ في المملكة العربية السعودية، وهو قطاع يشهد أهمية متزايدة في ظلّ سعي المملكة إلى الحد من استهلاك الطاقة والمخلفات من خلال تطبيق معايير بناء ذكية، وتحديث الأبنية القائمة لتحقيق التوازن في مزيج الطاقة.
وشاركت "غروندوفوس"، الصديقة للبيئة والتي تتبوأ مكانةً متقدّمة في طليعة مساعي تحقيق الاستدامة، في الفعالية التي شهدت إقبالاً كبيراً تجاوز 60 زائراً، في محاولة لتعزيز الحوار حول سوق التجديد في المملكة العربية السعودية، والذي يُعتبر جزءاً هاماً من خارطة الطريق الهادفة إلى تعزيز الاستدامة والكفاءة في استهلاك المملكة العربية السعودية تماشياً مع "رؤية المملكة العربية السعودية 2030".
وتمحورت مواضيع الجلسات حول استخدام الطاقة وكفاءة الأبنية، والتجديد الذي يتسم بالكفاءة من حيث استهلاك الطاقة، وعمليات التفتيش والسياسة، كما هدفت إلى توضيح وعرض القائمة الواسعة من حلول "غروندفوس" التجديدية لدعم برنامج كفاءة الطاقة في المملكة العربية السعودية.
وفي محضر تعليقه على حلول "غروندفوس" القيّمة، قال تولغا كاندن، مدير تطوير الأعمال، والاستخدام الأمثل للطاقة، ومبيعات خدمات التجديد لدى "غروندفوس الخليج للتوزيع": "يُمكن لعملية تجديد المضخات أن تحقق نحو 25 في المائة من التوفير في استهلاك الأبنية للطاقة. ومع هذه الوفورات الكبيرة في فواتير الطاقة وفي ظل الارتفاع المتواصل لأسعار الطاقة، يُمكنكم توقع عائد سريع على الاستثمار عند تحديث حلول الضخ لديكم. ولهذا الغرض، قامت ’غروندوفوس‘ بتطوير طريقة تُدعى ’التحقق من الطاقة‘ (إنيرجي تشيك) لتحديد الوفورات الممكنة من خلال المضخات الموجودة. ويُمكن لعملية التحقق من مضخاتكم أن تقدم أساساً متيناً لتوفير أكثر من نصف التكاليف التشغيلية الخاصة بمضخاتكم".
وأردف بقوله: "لن تكون كفاءة المضخة ذات فائدة، إلّا في حالة عدم المساس بموثوقيتها. وتُعتبر صيانة المضخات عمليةً مُكلفةً، سواءً أكانت مخططاً لها أم لا، ولا تقدّم شركة ’غروندفوس‘ أيّة تنازلات فيما يتعلّق بموثوقية منتجاتنا".
وشكّلت الفعالية منصة لكلٍّ من حكومة المملكة العربية السعودية وقادة القطاع الخاص لعرض العمل الذي أنجزوه في مجال الحد من استهلاك الطاقة في الأبنية في المملكة، الأمر الذي ازداد بشكل ملحوظ خلال العقدين الماضيين نظراً للتطور الاقتصادي السريع.
وتجدر الإشارة إلى أنّ مؤتمر "ريتروفيت تك- المملكة العربية السعودية" قد حظي بردود فعل إيجابية من الزوّار، كما أسهم في توفير الحجج التجارية الصحيحة لكسب التأييد بين أوساط المدراء رفيعي المستوى ومُلّاك الأبنية للموافقة على إجراء عمليات التجديد والاطّلاع على ما يمكن للتقنية الذكية والابتكار تحقيقه من نتائج رائعة وكيفية مساهمتها في تحقيق الأهداف المنشودة في مجال الحد من استهلاك الطاقة.

لمحة عن شركة "غروندفوس الخليج للتوزيع"
تعتبر "غروندفوس" شركة رائدة عالمياً في مجال حلول المضخات المتطورة وشركة سبّاقة في مجال تكنولوجيا المياه. وتسهم الشركة في تحقيق الاستدامة العالمية عبر إطلاق تقنيات رائدة تهدف الى تحسين جودة حياة الناس ورعاية كوكب الأرض. وتأسست "غروندفوس الخليج للتوزيع" عام 1989 في دبي، المقر الإقليمي للشركة لمنطقة شرق أوروبا وغرب آسيا وأفريقيا. وتوفر "جروندفوس" مضخات ذات الكفاءة في استخدام الطاقة وحلول الضخ الذكية لمختلف التطبيقات في مختلف القطاعات بما في ذلك المباني السكنية والتجارية والصناعات ومرافق المياه (إدارة المياه ومياه الصرف الصحي) والمضخات التي تعمل على الطاقة المتجددة. للمزيد من المعلومات حول "غروندفوس" الإمارات العربية المتحدة، يرجى زيارة الموقع الإلكتروني التالي: www.grundfos.ae.
 
 
 
Contacts
"غروندفوس الخليج للتوزيع"
دييجو أرافينا، مدير أول لمشاريع التسويق - التسويق والاتصالات
هاتف المكتب: 97148815166+ 
رقم الجوال: 971588386941+
البريد الإلكتروني: daravena@grundfos.com




 

Grundfos Takes Center Stage at the RetrofitTech KSA 2018 Conference


Riyadh, Saudi Arabia-Monday 17 December 2018 [ AETOS Wire ]


Grundfos, the award-winning world leader in advanced pump and water application systems, took part in the RetrofitTech KSA 2018 Conference, a two-day leading event that took place on the 18th and 19th November 2018 at the Crowne Plaza Riyadh RDC Hotel and Convention Center, Saudi Arabia.

RetrofitTech Saudi Arabia is the only specialized conference dedicated to the emerging building retrofit and refurbishment industry in the Kingdom of Saudi Arabia, which is rapidly increasing in importance as the Kingdom aims to reduce energy consumption and waste by applying smart building standards, retrofitting existing building to balance the energy mix.

Green at heart and at the forefront of sustainability, Grundfos took part in the event, which witnessed a significant turnout of more than 60 visitors, in a bid to enhance dialogue on the retrofitting market in KSA, which is a crucial part of the Roadmap to building a sustainable and energy efficient Saudi Arabia in line with Kingdom Vision 2030.

Sessions were themed around energy use and efficiency of buildings, energy efficient retrofitting, inspections and policy and aimed to explain and extend Grundfos’ wide range of Retrofit solutions in support of the energy efficiency program of KSA.

Commenting on Grundfos valuable solutions, Tolga Candan, Business Development Manager, Energy Optimization and Retrofit Sales, Grundfos Gulf Distribution FZE said: “Pump-Retrofit can achieve around 25% on a building’s electricity consumption. With substantial savings on the energy bill and with power prices always on the rise, you can expect quick return on investment when you upgrade your pump solution. To this end, Grundfos has developed a method called Energy Check to identify savings potential on the existing pumps. An energy check of your pumps provides a solid foundation for saving more than half on the operational costs of your pumps.”

Adding further, he said: “Pump efficiency is only interesting if reliability is not compromised. Pump maintenance is costly, whether planned or unplanned, and Grundfos does not compromise on reliability with our products.”

The event provided a platform for both KSA government and private sector leaders to showcase the work they have done to reduce energy consumption in buildings in the Kingdom which has increased sharply during the last two decades due to rapid economic development.

The RetrofitTech KSA received exceptionally positive feedback from visitors and also contributed to delivering the right business case for buy-in among senior managers and building owners to sign-off a retrofit and learn how smart technology and innovation can deliver greater results and help achieve the desired energy reduction goals.



About Grundfos Gulf Distribution:

Grundfos is a global leader in advanced pump solutions and a trendsetter in water technology. The company contributes to global sustainability by pioneering technologies that improve quality of life for people and care for the planet. Grundfos Gulf Distribution FZE incorporated in 1989 in Dubai is the regional headquarters of the company for the East Europe, Western Asia and Africa Region. Grundfos provides energy efficient pumps and smart pumping solutions for various applications across diverse segments including domestic & commercial buildings, industries, water utilities (water & wastewater management) and pumps running on renewable energy. For more information about Grundfos UAE visit: www.grundfos.ae



Contacts

GRUNDFOS Gulf Distribution FZE

Diego Aravena, Senior Marketing Project Manager, Communications

Marketing & Communications

Office : +97148815166    

Mobile : +971588386941

daravena@grundfos.com



Permalink : https://www.aetoswire.com/news/grundfos-takes-center-stage-at-the-retrofittech-ksa-2018-conference/en


دائرة المالية المركزية بالشارقة تتسلّم شهادة الآيزو في نظام إدارة الجودة


 بحضور القنصل العام للمملكة المتحدة



الشارقة، الإمارات العربية المتحدة-الاثنين 17 ديسمبر 2018 [ ايتوس واير ]


في إنجاز جديد يعكس كفاءة منظومة العمل الحكومي بإمارة الشارقة ودولة الإمارات العربية المتحدة، سلّم سعادة أندرو جاكسون، القنصل العام للمملكة المتحدة في دبي والامارات الشمالية، شهادة الآيزو في نظام إدارة الجودة (9001:2015 ISO)، إلى الشيخ محمد بن سعود القاسمي رئيس دائرة المالية المركزية، والتي حصلت عليها الدائرة من الهيئة البريطانية للمعايير BSI ضمن جهودها لتبني أفضل الممارسات العالمية في مختلف مجالات العمل.

وحضر حفل استقبال القنصل العام البريطاني وتسليم الشهادة الشيخ محمد بن سعود القاسمي، رئيس دائرة المالية المركزية،  وسعادة وليد الصايغ المدير العام لدائرة المالية المركزية بالشارقة والسيد بدر آل علي مدير إدارة التخطيط الاستراتيجي والتميز المؤسسي في الدائرة، والسيد توم كوتشفارا مستشار الدين العام والسيدة ميثاء الطنيجي رئيس قسم الجودة والتميز المؤسسي.

ورحب سعادة وليد الصايغ بالقنصل العام البريطاني والوفد المرافق له، مثمناً علاقات الصداقة والتعاون التي تربط دولة الإمارات والمملكة المتحدة، مؤكداً أن دائرة المالية المركزية حريصة على تطبيق أفضل المعايير والممارسات العالمية في كافة المجالات ، لتمكينها من تحقيق أهدافها وتعزيز كفاءة النظام المالي في إمارة الشارقة.

ومن جانبه قال وليد الصايغ، مدير عام الدائرة "نحن سعداء لحصولنا على شهادة جديدة في مجال الآيزو، والتي تمكننا من تعزيز كفاءات ومهارات الموظفين، ورفع مستوى رضا الفئات المعنية، ونشر مفاهيم الجودة والتميز بالدائرة ، إلى جانب المساهمة في تطوير القطاع الحكومي بإمارة الشارقة من أجل الحفاظ على أعلى المعايير العالمية التي دأبت الدائرة على تبنيها".

وتضمن الحفل كلمة ترحيبية من السيد بدر ال علي مدير ادارة التخطيط الاستراتيجي والتميز المؤسسي  تضمنت ذكر أهم الإنجازات التي حققتها الدائرة خلال السنوات السابقة  والسعي نحو الارتقاء بكافة خدماتها  لتحقيق التميز المؤسسي في كافة الخدمات ، وان  ما هذه الا الخطوة الاولى حيث تسعي الدائرة ومن خلال خطتها الاستراتيجية الجديدة على الحصول على شهادة الايزو في امن المعلومات واستمرارية الاعمال".

وصرح ال علي بان نظام إدارة الجودة 9001 أكثر معيار معترف به دولياً لإدارة الجودة وإدارة العمليات في المؤسسات ، حيث يوضح هذا المعيار الطرق التي يمكن من خلالها الارتقاء بالخدمات التي تقدمها المؤسسة لأعلى المستويات، كما يساعد على تطوير آلية أداء الأعمال في مختلف المجالات.

وأضأ آل علي ان حصول جهة ما على هذه الشهادة يعد اعترافاً دولياً بمدى التزامها بمتطلبات هذه المعايير، كما أنه بمجرد حصول مؤسسة حكومية على شهادة اعتماد من الهيئة البريطانية فسيتم إدراج اسمها في دليل العملاء العالمي إلى جانب المؤسسات الرائدة الأخرى، ما يزيد من القدرة التنافسية لهذه الدائرة ويفتح لها أسواق عمل جديدة.

و فيما ألقى ممثل الهيئة البريطانية للمعايير، الجهة المانحة لشهادات الآيزو، كلمة  ثمن فيها جهود دائرة المالية المركزية و كما اشاد بجهود فريق العمل الذي حقق الالتزام التام بكافة المعاييرالدولية.

Contacts

"صحارى كوميونيكيشنز"

أمنية طارق، مدير حسابات، 971544301515+، 97143298996+
o.tarek@saharapr.com / www.saharagcc.com



الرابط الثابت : https://www.aetoswire.com/ar/news/دائرة-المالية-المركزية-بالشارقة-تتسلم-شهادة-الآيزو-في-نظام-إدارة-الجودة/ar 

Sharjah Finance Department Receives ISO Certification in Quality Management System


 Certification is received in presence of British Consul General



Sharjah, United Arab Emirates-Monday 17 December 2018 [ AETOS Wire ]

As a fresh milestone that reflects the efficiency of the government work system in Sharjah and the UAE, HE Andrew Jackson, British Consul General in Dubai and Northern Emirates, presented an ISO 9001:2015 certification in quality management system to Sheikh Mohamed bin Saud al Qasimi, Chairman of finance department, which SFD had previously acquired from the British Standards Institution (BSI) as part of its efforts to adopt best international quality practices in all fields of work.

The award ceremony held to receive the British Consul General was attended by Sheikh Mohammed Bin Saud Al Qasimi, Chairman of Sharjah Finance Department, Waleed Al Sayegh, Director General of Finance Department, Badr Al Ali, Director of Strategy and Excellence Department at SFD, Tom Kochafara, Advisor of the Debt Management Office, Maitha Al Tenaijy, Head of Quality and Excellence and British institution staff.

Welcoming the British Consul General and the accompanying delegation, Waleed Al Sayegh valued the friendship and co-operation relations between the UAE and United Kingdom, stressing that SFD is keen on applying the best international standards and practices in all fields related to financial affairs to be able to achieve its objectives and enhance the efficiency of Sharjah's financial system.

"We are delighted to receive a new ISO certification, which will enable us to enhance the efficiency and skills of our employees, raise the level of satisfaction of the concerned categories and promote the concepts of quality and excellence in SFD and partner government entities, while contributing to developing Sharjah's government sector and this is just the start of further ISO standards we are aiming for in the coming strategic plan", Al Sayegh said.

Moreover, Badr Al Ali Director of strategy and excellence in SFD, has stated that The 9001 Quality Management System is the most recognized international criteria for quality and operation management in establishments and companies. The criteria defines the ways through which the services provided by an establishment can be upgraded to the highest levels. It also helps develop the mechanism of doing business in all fields.

In addition to that, Al Ali has stated that An entity receiving such certification means it is internationally recognized for its commitments to the requirements of these criteria. As soon as it is awarded BSI's accreditation, a government establishment will be listed in BSI's directory for BSI certified clients along with other leading establishments. This will enhance the establishment's competitiveness and opens new business markets for it.

Meanwhile, the representative of BSI, the entity concerned with issuing ISO certifications, delivered a speech in which he emphasized on the efforts of SFD Team in which they have achieved the highest grades during the audits.

Contacts

SAHARA Communications

Omnia Tarek, Account Manager, +971544301515, +97143298996
o.tarek@saharapr.com / www.saharagcc.com

Permalink : https://www.aetoswire.com/news/sharjah-finance-department-receives-iso-certification-in-quality-management-system/en

ريكستون تكنولوجيز ميدل إيست تطلق سلسلة آي إس 300، المفهوم المبتكر لقواطع العزل المقاومة للظروف الجوية




الشارقة، الإمارات العربية المتحدة-الاثنين 17 ديسمبر 2018 [ ايتوس واير ]

أطلقت شركة "ريكستون تكنولوجيز ميدل إيست" المُصنِّعُ الرائد للأجهزة الكهربائية، والذراع الصناعي لشركة "كينجستون هولدينجز" ش.م.ح، سلسلة قواطع العزل الجديدة والمحسّنة المقاومة للظروف الجوية "آي إس 300" من منشأتها التصنيعية في الشارقة، ما يجعل الإمارات العربية المتحدة أول سوق في المنطقة يشهد إطلاق هذا المنتج.

وانطلاقاً من تلبيتها لمعيار "آي بيه 66" وتصنيف "إيه سي 22" و"إيه سي 23"، تتميز قواطع العزل الجديدة بميزات تنافسية مثل مقاومة الغبار وتدفقات المياه القوية والظروف الجوية القاسية.

وتُعتبر "ريكستون آي إس 300" سلسلة قواطع عزل يمكن تركييها على الأسطح لتعمل بمثابة قواطع فصل وتستخدم لفصل القواطع للتطبيقات التي يجب فصلها عن الشبكة.

وبفضل تلبيتها لمعيار الحماية ضد الماء والغبار "آي بيه 66"، تتوفّر هذه السلسلة الجديدة من قواطع العزل المتينة بأقطاب منفردة وثنائية وثلاثية ورباعية وبسعاتٍ تبلغ 20 و35 و40 و63 و80 أمبير. ويعطي هذا التصميم الحاصل على براءة اختراع مظهراً جمالياً جذّاباً للمنتج الذي يمكن استخدامه بثقة لجميع التطبيقات التي تتطلب تحملاً عالياً مثل مكيفات الهواء والمصانع في الظروف الجوية الصعبة في الإمارات العربية المتحدة.

وإضافةً إلى مزايا السلامة، يوفّر المنتج ميزات تقنية إضافية تمّت إضافتها لهذه السلسلة الجديدة حيث توفر الكثير من المساحة الداخلية لتمديدات الكابلات التي توفر مستويات أداء عالية مع مرور الوقت، حتى في أكثر الظروف صعوبة.

ونظراً لكونها مصنوعة من مادة البولي كاربونات الممتازة، تتمتّع قواطع العزل هذه بكونها صغيرة الحجم وسهلة التركيب حيث يحتوي الغطاء العلوي على مسمارين لولبيين لسهولة الفتح. ويتيح هذا التصميم فتح وإغلاق الواجهة العلوية بسرعة أكبر مقارنةً بالأنظمة الأخرى المتوفرة في السوق.

ويمكن تثبيت نظام القفل، المخفي ضمن القواطع، على وضعية التشغيل أو الإيقاف، وفي نسخة التحكم (في نسخة الطوارئ، يمكن تثبيت القواطع على وضعية الإيقاف فقط).

ويحدّ الغطاء المصنوع من مادة البولي كاربونات المستقرة والمعالجة بالأشعة فوق البنفسجية من إمكانية تغير اللون حتى بعد التعرّض للظروف الجوية المحلية والإقليمية. وتمّت المصادقة على هذه السلسلة من قبل مختبرات "بي إس آي" ما يؤكّد على جودة هذا المنتج.

وتواصل شركة "ريكستون تكنولوجيز" سعيها لطرح منتجات جديدة ومبتكرة في الأسواق. وتتوفّر هذه السلسلة الجديدة من منتجات قواطع العزل المقاومة للظروف الجوية "آي إس 300" لدى جميع صالات العرض الخاصة بـ"ريكستون" ولدى الموزعين والتُّجار.

Contacts

مانيش أرورا

هاتف: +971566800183

البريد الإلكتروني: manish.arora@kingstonholdings.com

الرابط الثابت : https://www.aetoswire.com/ar/news/ريكستون-تكنولوجيز-ميدل-إيست-تطلق-سلسلة-آي-إس-300-المفهوم-المبتكر-لقواطع-العزل-المقاومة-للظروف-الجوية/ar 

Rexton Technologies Middle East launches IS300 Series - a revolutionary concept in Weather Protected Isolator Switches.


Sharjah, United Arab Emirates-Monday 17 December 2018 [ AETOS Wire ]


Leading electrical manufacturer Rexton Technologies Middle East, the industrial arm of Kingston Holdings FZC, has recently launched the new and improved range of Weather Protected Isolator Switches IS300 series from its Sharjah manufacturing facility making UAE the first market in the region to witness the launch of this product.

Complying with IP66 and rating of AC22 & AC23, the new Isolator switches feature competitive advantages such as being dust proof, providing protection against powerful jets of water and harsh weather conditions.

The Rexton IS300 series are surface mounted isolators that are used as Disconnect switches for applications that need to be isolated from the network.

With an IP66 degree of protection, this new range of robust isolators are available in Single, Double, Triple & 4 poles with a capacity of 20A, 35A, 40A, 63A & 80A. The innovative patented design gives an aesthetically appealing look and finish to the product, which can be used for any heavy-duty applications such as air conditioning, factories in rugged UAE conditions.

Coupled with safety, there are additional technical features that has been introduced to this new range that provide plenty of internal space for cable wiring, which offers high levels of performance over time, even in the most challenging conditions.

Made from premium polycarbonate material, the IS300 isolator switches are compact and easy to install with a 2-screw quick release top cover. The innovative design allows you to open and close the top cover more quickly than any other system available in the market.

The padlocking system, concealed within the switches, can be locked in both ON and OFF positions in the command versions (In the emergency version, the switch can only be locked in the OFF position).

The UV Stabilized Polycarbonate casing eliminates the possibility of any colour change even after being exposed to the local & regional weather conditions. The range has been approved by BSI testing laboratories which fully endorses the quality of the product.

Rexton Technologies continues to strive and bring new and innovative products to the market. This new range of Rexton IS300 WP Isolators, which are resistant to weather conditions, are available at all the Rexton Showrooms, distributors, and dealers.

Contacts

Manish Arora, +971566800183

manish.arora@kingstonholdings.com

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ABB: Shaping a leader focused in digital industries



ZURICH-Monday 17 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Fundamental actions to focus, simplify and lead in digital industries for enhanced customer value and shareholder returns


• Focus of portfolio on digital industries through divestment of Power Grids
       • Divestment of Power Grids to Hitachi expands existing partnership and strengthens Power Grids as a global infrastructure leader with enhanced access to markets and financing
       • Enterprise Value of $11 billion for 100% of Power Grids, equivalent to an EV/op. EBITA multiple of 11.2x1
       • Crystallizing value from the transformation of Power Grids including doubling operational EBITA margin since 20142
       • ABB initially to retain 19.9 percent in the equity of carved-out Power Grids to ensure transition; pre-defined exit option on 19.9 percent equity at fair market value with floor price at 90 percent of agreed Enterprise Value, exercisable by ABB three years after closing
       • Closing expected by first half of 20203
        ABB intends to return 100% of the estimated net cash proceeds of $7.6-7.8 billion4 from the 80.1% sale to shareholders in an expeditious and efficient manner through share buyback or similar mechanism

• Simplification of business model and structure
       • Discontinuation of legacy matrix structure
       • Businesses will run all customer-facing activities as well as business functions and territories, fostering ABB’s entrepreneurial business culture
       • Businesses to be strengthened by transfer of experienced country management resources
       • Existing country and regional structures including regional Executive Committee roles to be discontinued after closing of the transaction
       • Corporate activities to be focused on Group strategy, portfolio and performance management, capital allocation, core technologies and ABB Ability™ platform

• Shape four leading businesses aligned with customer patterns
       • All businesses global #1 or #2 in attractive growth markets:
           • Electrification led by Tarak Mehta
           • Industrial Automation led by Peter Terwiesch
           • Robotics & Discrete Automation, a unique combination of B&R and Robotics, led by Sami Atiya
           • Motion, combining ABB’s market-leading offering in motors and drives, led by Morten Wierod, appointed to Executive Committee as of April 1, 2019
       • ABB Ability™ tailored digital solutions will drive customer value in each business whilst capturing synergies through common platform
       • Actions position ABB with a leadership role in digital solutions, and evolving technologies such as artificial intelligence
  
• Financial impact of new ABB
       • $500 million annual run-rate cost reductions across the group
       • Approx. $500 million non-operational restructuring charges
• New financial framework post-closing defined
       • New group target framework
       • Capital allocation priorities unchanged
       • Dividend policy of rising sustainable dividend per share
       • ABB intends to maintain the level of dividend per share post close
       • ABB intends to maintain its long-term “single A” credit rating
       • Business targets and further financials to be disclosed with strategy update

• Strategy update on February 28, 2019, in combination with the Q4 and Full Year 2018 results to provide further details on ABB’s new strategy, businesses and financials

“ABB has been driving industrial change for more than a century as a global pioneering technology leader. As a result of our Next Level strategy, all of our businesses are today number 1 or 2 in their respective markets. To support our customers in a world of unprecedented technological change and digitalization, we must focus, simplify and shape our business for leadership. Today’s actions will create a new ABB, a leader focused in digital industries,” said ABB CEO, Ulrich Spiesshofer.

“Power Grids will strengthen Hitachi as global leader in energy infrastructure and Hitachi will strengthen Power Grids’ position as a global leader in power grids. With this transaction, we are realizing the value we have built through the transformation of Power Grids over the last four years. Our shareholders will directly benefit through the return of the proceeds of the divestment. Building on our existing partnership announced in 2014, the initial joint venture will provide continuity for customers and our global team.”

“To compete in today’s fast-changing world, we fully empower our businesses, through the discontinuation of the legacy matrix structure ensuring zero-distance to customers and increasing our agility in decision-making. Our four newly shaped businesses, each a global leader, will be well aligned to the way our customers operate and focus stronger on emerging technologies such as artificial intelligence. The continued simplification of our business model and structure will be a catalyst for growth and efficiency in our businesses. Our businesses will be further supported through the transfer of experienced resources from today’s country organizations.”

“All of this will only be possible due to the commitment of our global team who has made ABB what it is today. Our innovation power together with our inclusive culture will continue to be a differentiating strength of our company. We will live enhanced customer focus, provide attractive opportunities for our employees and deliver value for shareholders.”

Peter Voser, Chairman of ABB, said, “Today´s announcement marks the beginning of a new chapter in ABB´s history. Building on our technology and global talented employee base we will further strengthen our focus in digital industries, delivering competitive returns for shareholders, including our committed dividend policy. Over the past five years the deliberate execution of ABB’s strategy laid the foundation for our businesses to compete in the fast changing digital industries and deliver profitable growth.”

“We were very clear in the past that the actions required for the turnaround of Power Grids could be best achieved within ABB. Following completion of this step, we undertook a review of the Power Grids business and decided to secure the best home for the future development of the business through the combination with Hitachi. The new ABB will be positioned to write the future as a customer focused technology leader in digital industries.”

Focus of portfolio on digital industries through divestment of Power Grids

ABB announces today that Hitachi will acquire ABB’s Power Grids business, an expansion of its existing partnership with Hitachi. The agreed price represents a transaction Enterprise Value of $11 billion for 100 percent of Power Grids, the equivalent to an EV/op. EBITA multiple of 11.2x1, before share of corporate cost. ABB will initially realize a levered consideration of ~$9.1 billion from the sale of 80.1 percent of Power Grids, including pre-sale net leverage (intercompany loan net of cash transferred), before one-time transaction and separation related costs as well as cash tax impacts.

In the fast-changing world of energy infrastructure, with a shifting customer landscape and the need for financing and increased government influence, ABB believes Hitachi is the best owner for Power Grids. As a stable and long-term committed owner, with whom ABB has developed a strong business partnership since 2014, Hitachi will further strengthen the business, providing it with access to new and growing markets as well as financing. Hitachi will accelerate Power Grids to the next stage of its development, building on the solid foundation achieved under ABB’s previous ownership.

Since 2014, Power Grids has been significantly improved under the ownership of ABB. The latest results (Q3 2018) are at the target margin corridor, having more than doubled margins, with positive third party base order development recorded for the last six consecutive quarters.

ABB will initially retain a 19.9 percent equity stake in the joint venture, allowing a seamless transition. The transaction agreement includes a pre-defined option for ABB to exit the retained 19.9 percent share, exercisable three years after closing, at fair market value with floor price at 90 percent of agreed Enterprise Value. Hitachi holds a call option over the remaining 19.9 percent share at fair market value with floor price at 100 percent of agreed Enterprise Value.

The joint venture will be headquartered in Switzerland, with Hitachi retaining the management team to ensure business continuity.

Starting in Q4 2018 until closing, ABB will report Power Grids in discontinued operations. As a consequence, ABB will record $350-400 million of stranded and other carve-out related costs, which are currently predominately recorded as part of the Power Grids cost base. These will now be recognized in ABB’s corporate & other operational EBITA. ABB expects to eliminate the vast majority of these costs by deal closing by transferring them back to Power Grids. ABB expects approximately $200 million of charges in Q4 2018 related predominantly to the legacy EPC substation business reported in non-core corporate & other operational EBITA.

ABB expects to incur one-time non-operational transaction and separation related costs of $500-600 million. ABB anticipates $800-900 million related cash tax impact. The completion of the transaction is expected by first half of 2020, subject to regulatory approvals and fulfillment of closing conditions. ABB intends to return 100 percent of the estimated net cash proceeds of $7.6-7.8 billion5 from the 80.1 percent sale to shareholders in an expeditious and efficient manner through share buyback or similar mechanism.

Simplification of business model and structure

Effective April 1, 2019, ABB will simplify its organizational structure through discontinuation of the legacy matrix structure, thereby empowering its four leading businesses to serve customers even better, while further sharpening responsibilities and increasing efficiency.

ABB’s new organization will provide each business with full operational ownership of products, functions, R&D and territories. The businesses will be the single interface to customers, maximizing proximity and speed.

The corporate center will be further streamlined. It will set the long-term vision and strategy for the group, guided by ABB’s values. It will drive capital allocation, portfolio and performance management, core technologies ABB Ability™, ABB’s brand and investment in people. As a key building block of the simplification, existing country and regional structures including regional Executive Committee roles will be discontinued after the closing of the transaction. Existing resources from country level will strengthen the new businesses. ABB expects a total of $500 million annual run-rate cost reductions across the group over the medium-term. Approximately $500 million of related non-operational restructuring charges are expected to be taken over the coming two years.

Shape four leading businesses aligned with customer patterns

ABB will shape four customer-focused, entrepreneurial businesses – Electrification, Industrial Automation, Robotics & Discrete Automation and Motion. Each business will be either the global #1 or #2 player in attractive markets with strong secular drivers. ABB’s established domain know-how, world-class engineering and technology expertise, will position the four businesses well to deliver innovative products and solutions for enhanced customer value. ABB’s addressable market is growing by 3.5-4 percent per annum, adding $140 billion in size to reach $550 billion by 2025.

Based on ABB’s common digital platform ABB Ability™, the businesses will provide tailored digital solutions, driving enhanced customer value. Building on emerging technologies including artificial intelligence and its strong software offering, ABB Ability™ will meet the increasing demand from ABB’s customers for digital solutions in the rapidly changing industrial world.

Electrification – writing the future of safe, smart and sustainable electrification

The existing business will provide a complete portfolio of innovative products, digital solutions and services from substation to socket. With a #2 market position globally, its addressable market is presently $160 billion and will grow on average around 3 percent per annum over the long-term. The Electrification business will have strong exposure to rapidly growing customer segments including renewables, e-mobility, data centers and smart buildings. The business will be led by Tarak Mehta, currently president of the Electrification Product division. The Electrification business would have generated approximately $13 billion of revenues in the twelve-month period to end September 2018, including an estimated revenue contribution across the period from GEIS, a business that was acquired June 30, 2018.

Industrial Automation – writing the future of safe and smart operations

The newly shaped business will offer a complete range of innovative solutions enabling customers to operate safe and energy-efficient processes with increasing autonomy. Industrial Automation will include ABB’s industry-specific integrated automation, electrification and digital solutions, control technologies, software and advanced services, as well as measurement & analytics, marine, and turbo-charging offerings. Industrial Automation will be #2 in the market globally. The addressable market of $90 billion is expected to grow on average by 3-4 percent per annum over the long-term. The business will be led by Peter Terwiesch, currently president of the Industrial Automation division. Industrial Automation would have generated approximately $7 billion of revenues in the twelve-month period to end September 2018.

Robotics & Discrete Automation – writing the future of flexible manufacturing and smart machines

The newly shaped business will uniquely combine machine and factory automation solutions, mainly from B&R, with the most comprehensive robotics solutions and applications suite in the market. The business will be #2 globally, with a #1 position in robotics in the important, high-growth Chinese market. The addressable market, already $80 billion in size, is anticipated to grow on average at 6-7 percent per annum over the long-term. The businesses digital solutions and services provide customers with enhanced safety, efficiency, up-time and speed, and cater to the growing customer demand for flexible and integrated manufacturing solutions. Robotics & Discrete Automation will be led by Sami Atiya, currently president of the Robotics and Motion division. Robotics & Discrete Automation would have generated approximately $4 billion of revenues in the twelve-month period to end September 2018.

Motion – writing the future of smart motion.

The business will provide customers with a comprehensive range of innovative electrical motors, generators, drives, and service, as well as integrated digital powertrain solutions. Motion will be the #1 player in the market globally, with the largest installed base in an $80 billion market that grows on average around 3 percent per annum. The business will be led by Morten Wierod, currently Managing Director Business Unit Drives. He will become a member of the Executive Committee effective

April 1, 2019. Motion would have generated approximately $6 billion of revenues in the twelve-month period to end September 2018.

Attractive financial profile

ABB will demonstrate improved commercial quality of business, enhanced exposure to faster growing markets, with a greater emphasis on high value-add solutions, less large order volatility and more recurrent revenues through digital solutions, software and services.

ABB’s investment proposition is reflected in a new medium-term group target framework:

   • 3-6 percent annual comparable revenue growth
   • operational EBITA margin of 13-16 percent
   • Return on Capital Employed (ROCE) of 15-20 percent
   • Cash conversion to net income of approximately 100 percent, and
   • Basic EPS growth above revenue growth

ABB would have generated revenues of approximately $29 billion in the twelve-month period to end September 2018, including an estimated revenue contribution across the period from GEIS, a business that was acquired June 30, 2018, and excluding Power Grids contribution.

Capital allocation

ABB’s sustained capital allocation priorities are unchanged, namely:

   • fund organic growth, R&D and capex to yield attractive returns
   • rising sustainable dividend
   • value-creating acquisitions
   • returning additional cash to shareholders

Following completion of the divestment of Power Grids, ABB intends to return 100 percent of the net cash proceeds6 to shareholders in an expeditious and efficient manner and execute a policy of a rising sustainable dividend. ABB intends to maintain the level of dividend per share post close and aims to maintain its “single A” credit rating long term.

Strategy update

ABB intends to host a strategy update alongside the Q4 2018 results. At the strategy update, ABB’s leaders and management teams of the four business areas will provide detailed overviews of their markets, strategies, businesses and targets.

Revised dates

In light of these fundamental changes, ABB will amend the announced dates for:

   • Q4 and FY 2018 results to February 28, 2019
   • Q1 2019 and the AGM to May 2, 2019

Credit Suisse AG and Dyal Co. LLC acted as financial advisors, and Freshfields Bruckhaus Deringer LLP as legal advisors, to ABB.

More information

For further information on today’s announcement, please see ABB.com/writing-the-future.

ABB will host a press conference today starting at 10:00 a.m. Central European Time (CET) (9:00 a.m. BST, 4:00 a.m. EDT). The event will be accessible by webcast on https://swisscomstream.ch/abb/20181217/en

ABB will host a conference call for analysts and investors, starting at 2:00 p.m. Central European Time (CET) (1:00 p.m. GMT, 8:00 a.m. EST). The call will be available to join via webcast https://swisscomstream.ch/abb/20181217/en

The event will be accessible by conference call. Callers are requested to phone in 10 minutes before the start of the call. The analyst and investor conference call dial-in numbers are:

UK +44 207 107 0613
Sweden +46 8 5051 0031
Rest of Europe, +41 58 310 5000
US and Canada +1 866 291 4166 (toll-free) or +1 631 570 5613 (long-distance charges)
Lines will be open 10-15 minutes before the start of the call.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com

This information is information that ABB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 7:00 A.M CET on December 17, 2018.

Important notice about forward-looking information

This press release includes forward-looking information and statements as well as other statements concerning the outlook for our business. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, the economic conditions of the regions and industries that are major markets for ABB Ltd. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,” “believes,” “estimates,” “anticipates”, “targets,” “plans,” “is likely”, “intends”, “aims”, “framework” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

The planned changes might be subject to any relevant engagement processes with local employee representatives/employees. ABB will fully honor any such legal obligations.

1 EV/LTM operational EBITA multiple, operational EBITA calculated using results from twelve-month period to end Q3 2018, before share of corporate cost

2 2014 operational EBITA margin as calculated under old Power Grids portfolio structure

3 Subject to regulatory approvals and fulfillment of closing conditions

4 Post estimated one-time transaction and separation related costs of $500-600 million and cash tax leakage of $800-900 million. Total enterprise value adjustments of ~$3.0 billion, including ~$2.7 billion of net leverage (intercompany loan net of cash transferred) and ~$0.3 billion after-tax unfunded pensions and other liabilities

5 After estimated one-time transaction and separation related costs of $500-600 million and cash tax leakage of $800-900 million. Total enterprise value adjustments of ~$3.0 billion, including ~$2.7 billion of net leverage (intercompany loan net of cash transferred) and ~$0.3 billion after-tax unfunded pensions and other liabilities

6 Post estimated one-time transaction and separation related costs of $500-600 million and cash tax leakage of $800-900 million. Total enterprise value adjustments of ~$3.0 billion, including ~$2.7 billion of net leverage (intercompany loan net of cash transferred) and ~$0.3 billion after-tax unfunded pensions and other liabilities



Contacts

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Investor Relations
Jessica Mitchell
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com


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