Wallenberg family

Swedish business family

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March 2025 AstraZeneca announced the acquisition of Belgian biotech company EsoBiotec for up to $1 billion to enhance its cancer treatment capabilities through EsoBiotec's in vivo cell therapy platform.
December 2024 The company announced the appointment of Rene Haas and Birgit Conix as non-executive directors, with Haas to start in January 2025 and Conix in February 2025.
July 2024 National Institute for Health and Care Excellence (Nice) blocked NHS from providing Enhertu, an innovative breast cancer treatment, due to pricing disagreements with AstraZeneca and Daiichi Sankyo.
May 2024 ABB agreed to acquire the wiring accessories business of Siemens in China, gaining access to a distribution network across 230 cities.
March 2024 AstraZeneca announced the acquisition of Amolyt Pharma for $1.05 billion, expanding its pharmaceutical portfolio.
March 2024 The company acquired Fusion Pharmaceuticals Inc for $2 billion in cash, further strengthening its market position.
February 2024 AstraZeneca's chief executive faced criticism from corporate governance experts and investors regarding excessive compensation.
January 2024 The United States House Committee on Homeland Security and the House Select Committee on Strategic Competition with China announced an investigation into ABB regarding equipment sold to Chinese state-owned crane manufacturer ZPMC.
January 2024 ABB acquired Real Tech, a Canadian company specializing in optical sensor technology for water monitoring, and also acquired R&D Engineering Firm Meshmind to expand AI and software capabilities.
September 2023 Acquired CrowdAI, a San Francisco-headquartered artificial intelligence and machine learning development company.
September 2023 Electrolux announced the sale of its refrigerator manufacturing facility in Nyíregyháza to Qvantum for €38 million.
September 2023 ABB Motion acquired a minority stake in WindESCo, a Burlington-headquartered wind turbine analytics software company, expanding its digital powertrain solutions portfolio.
September 2023 ABB announced a partnership with the Well Done Foundation to monitor methane and greenhouse gas emissions from orphaned wells in the United States.
August 2023 Acquired Blue Bear Research Systems, a UK-based manufacturer of AI-enabled autonomous swarm systems.
June 2023 ABB agreed to acquire Eve Systems, a smart home automation provider.
December 2022 ABB opened a new 67,000 square metre robotics factory in Shanghai after investing $150 million.
December 2022 ABB was charged by the U.S. Securities and Exchange Commission (SEC) for Foreign Corrupt Practices Act (FCPA) violations in South Africa, ordered to pay $460 million to settle criminal and civil charges.
December 2022 Hitachi confirmed the acquisition of the remaining 19.9% of the Power Grids business from ABB.
July 2022 Electrolux discontinued the Simpson brand's kitchen appliance line, retaining only laundry appliances in Australia and New Zealand.
October 2021 The former ABB Power Grids division, now owned by Hitachi, was rebranded as Hitachi Energy.
August 2021 Electrolux discontinued the Dishlex dishwasher brand in Australia, ending its budget-friendly appliance line.
July 2021 ABB confirmed the sale of its mechanical power transmission business, Dodge, to RBC Bearings Incorporated for $2.9 billion.
June 2021 ABB announced its involvement in constructing the first permanent electric road capable of powering private vehicles, trucks, and buses.
August 2020 SKF opened a new Swedish sales unit office in Gothenburg, highlighting the company's ongoing business development and infrastructure expansion.
July 2020 Hitachi officially acquired 80.1% of ABB's Power Grids business.
March 2020 Björn Rosengren officially became CEO of ABB.
March 2020 ABB announced the sale of its solar inverter business to Italian manufacturer Fimer, including manufacturing and R&D sites in Finland, Italy, and India, involving 800 employees across 26 countries.
March 23 2020 Electrolux completed the spin-off of its professional division, which was incorporated as Electrolux Professional AB.
August 2019 ABB announced Björn Rosengren would take over as CEO starting March 2020, who was previously CEO of Sandvik.
May 2019 Saab announces plans to establish a new U.S. manufacturing facility at Discovery Park District Aerospace near Purdue University for final assembly of the T-X advanced jet trainer, developed in collaboration with Boeing for the United States Air Force.
April 17 2019 Peter Voser was appointed interim CEO after Ulrich Spiesshofer stepped down.
2018 ABB launched the Terra High Power charger for electric vehicles, capable of charging an electric car to enable a 200-kilometer travel range in just eight minutes.
December 17 2018 ABB announced the sale of 80.1% of its Power Grids business to Hitachi, which was subsequently rebranded to Hitachi Energy.
June 30 2018 ABB completed its acquisition of GE Industrial Solutions, General Electric's global electrification business.
January 2018 ABB became the title partner of the ABB FIA Formula E Championship, the world's first fully electric international FIA motorsport series.
2017 SKF became a sponsor of Brad Keselowski in the #2 Ford Fusion and #22 Ford Mustang in the Xfinity Series.
2017 ABB concluded its bribery scheme with Eskom, having paid over $37 million in bribes to secure a $160 million contract for cabling and installation work at the Kusile Power Station.
July 6 2017 ABB completed its acquisition of Bernecker + Rainer Industrie-Elektronik (B&R), the largest independent provider of industrial automation software and products.
February 6 2017 Electrolux announced its agreement to acquire Anova Applied Electronics, Inc., a U.S.-based provider of the Anova Precision Cooker.
2016 ABB was awarded a contract for the TANAP gas pipeline project in Turkey to deliver telecommunications, security, and control infrastructure.
2015 SKF became a sponsor of Ducati Corse in MotoGP.
April 2015 Peter Voser was elected chairman of the board of directors.
2014 ABB formed a joint venture with Hitachi to provide HVDC system solutions in Japan.
2014 ABB began a bribery scheme involving payments to a high-ranking Eskom official to influence power project contracts in South Africa.
2014 ABB unveiled YuMi, a collaborative dual-arm industrial assembly robot designed to enable safe and productive human-machine interaction across various industries.
September 2013 Ulrich Spiesshofer was named ABB's CEO, succeeding Joe Hogan.
July 2013 ABB acquired Power-One in a $1 billion all-cash transaction to become the leading global manufacturer of solar inverters.
May 2013 ABB Sécheron SA participated in a one-year demonstration of the TOSA trolleybus route in Geneva, showcasing an innovative charging system with fixed overhead devices at stops and terminus, highlighting potential improvements in electric transport technology.
2012 SKF became a sponsor of Team Penske in the NASCAR Cup Series.
June 15 2012 ABB completed its acquisition of Tropos, commercial and industrial wireless technology specialists.

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