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ABB Ltd (0NX2.L)

LSE - LSE Delayed price. Currency in SEK
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174.59+0.99 (+0.57%)
As of 4:16PM BST. Market open.
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  • m
    metoo
    $ABB has bought Spanish robot maker ASTI Mobile Robotics Group in the Swiss engineering company's latest move to diversify its robotics business beyond its traditional automotive base.
    ABB's robotics business has been targeting other industrial sectors amid a downturn in the auto sector, its biggest customer.
    It announced on Tuesday the acquisition of ASTI, which makes autonomous mobile robots (AMRs), which can freely move around factory floors at up to 2 metres per second without following pre-installed tracks.
    It gave no financial terms.
    ASTI's robots can tow and move boxes, and deliver components with payloads up to 2,000 kg.
    "AMRs are the ultimate, flexible robots," said Sami Atiya, president of ABB's Robotics & Discrete Automation business. "They are enabling the factory of the future."
    "With the rise of e-commerce and 24-hour delivery from logistics centres there are many businesses which simply would not be able to operate without these machines," ASTI CEO Veronica Pascual Boe told Reuters.
    Customers include Nestle , L'Oreal and Procter & Gamble .
    The global AMR market is growing at around 20% per year, according to ABB, and is expected to reach $14 billion by 2025.
    "Our goal is to exceed the market growth," Atiya said, adding further ABB acquisitions in robotics were possible.
    ABB, which competes with Japan's FANUC and Germany's Kuka in the robots market, said it used ASTI's robots at its own factories before it decided to buy the privately held company.
    ASTI employs 300 and has seen sales grow 30% per year since 2015. The company targets sales of around $50 million this year.
  • N
    Nick
    Have 3k to invest in stocks between 25-40$ and this made my top 10. Seems like a great play should I have any concerns? I’m long term 10+ yrs investor only
  • m
    metoo
    $ABB to acquire ASTI Mobile Robotics Group to drive next generation of flexible automation with Autonomous Mobile Robots.

    Founded in 1982, ASTI is headquartered in Burgos, Spain and employs over 300 people in Spain, France and Germany. It is majority owned by Veronica Pascual Boé, who is also CEO. Other shareholders include European Growth Buyout investor Keensight Capital. Today it supports one of Europe’s largest installed fleets of AMRs and has a broad customer base in automotive, logistics, food & beverage and pharmaceuticals in 20 countries. Since 2015, the company has enjoyed close to 30 percent growth on an annual basis and is targeting approximately $50 million in revenue in 2021.
  • B
    Brent
    Solid news. New orders ballooning. Looks like $40 soon to me. Buy.
  • m
    metoo
    $ABB - 23.7.21

    Barclays new PT CHF 31/ USD 34
    BOA BUY CHF 37 /USD 40.5
    UBS BUY CHF 36 /USD 39.5
  • J
    Jesse
    Finally broke the 36 barrier, love this stock
  • m
    metoo
    $ABB PT Raised to CHF44 at Goldman Sachs.. that’s ~$49.
  • m
    metoo
    Earnings
  • L
    LadaNiva
    Spinoff of the EV Charging division will throw off another $1-$1.5 billion in cash if they sell 49% interest. ABB is now in the "sweet spot" for growth in the move to EV's and robotics. Rock solid investment to hold for income and growth.
  • B
    Brent
    Steamy action. Thinking $40 now on the table. Seems highlighting electric vehicle charging capability was a good thing.
  • m
    metoo
    This will get a higher PE rating !!
  • M
    Michael
    Selling the Dodge business and focusing on highly profitable and less competititve robotics and technologies for the future is such a good move
  • m
    metoo
    ABB Ltd : Citigroup raises price target to CHF 36 from CHF 34
  • m
    metoo
    * ABB Ltd : Deutsche Bank raises to hold from sell; raises PT to CHF 29 from CHF 26
  • H
    Hugo
    in the uptrend lets go !
    Goldman Sachs, Buy unchanched target 37.50 CHF (actual 33.6)
    Profit from automatisation,:
    Notably, the automotive industry has been making use of robotics for quite some time now to automate the production process and the trend looks set to accelerate even further.

    While traditional robots took care of tasks like welding, which requires immense precision to avoid disrupting the process flow, or repetitive tasks like assembling of parts, technological advancements are leading to the introduction of collaborative robots. These robots can be safely operated alongside humans and assist them in a wide number of tasks owing to their flexibility in comparison to traditional robots. Automation is also making its way into the agricultural space and farmers are making use of innovations like autonomous tractors to enhance harvesting activities and increase production yields.

    Meanwhile, robotics is also becoming an integral part of healthcare, especially when it comes to surgeries. Markedly, robots
  • R
    Rafi
    God so boring
  • m
    metoo
    HSBC analyst Sean McLoughlin upgraded $ABB to Buy from Hold with a price target of CHF 35, up from CHF 27 as part of a broader research note on European Capital Goods sector.
  • m
    metoo
    ABB Raised to Buy From Hold by Kepler Cheuvreux PT - CHF36
  • m
    metoo
    Is anyone buying at these levels?
  • H
    Hugo
    The Capital Group Companies up to 5,64%* 01.07.2021 from 5,05%
    * dont 5,19% en nominatives on ABB
    motif: modification de la composition du groupe