August 1987, Sweden v? ; ster？ ; AB of S Company and Lu Wei, executive vice president of BBC Brown BoveriABB in Baden, Switzerland, announced that they will jointly establish ABB Asea Brown Co., Ltd., with its headquarters in Zurich, Switzerland. It turns out that the two companies each hold 50% of the shares. 1988 65438+1On October 5th, the new company started business. The company * * * acquired 15 companies in its first year of operation, including the Swedish environmental monitoring company Fl? Kt AB Company, Italian cooperative company Sadelmi/Cogepi Company, Danish railway product manufacturing company Scandia-Randers A/S Company. 1989 65438+In February, ABB finally acquired Westinghouse Power Company, which is responsible for global energy transmission. Also in 65438+February, ABB announced an agreement to acquire Stanford Group, which is responsible for the thermal energy industry in Connecticut. 1989, ABB acquired about 40 other companies. 1990, ABB company began to expand its business scope to central and eastern Europe ambitiously, and prepared to expand its business scope to Asia, while the acquisition activities in the United States and western Europe gradually slowed down and turned to mergers and acquisitions. 199 1 year, we continued to invest in Central and Eastern Europe. By the end of this year, Yukar ABB, executive vice president of ABB Group, had about 10000 employees in these fields. More and more extensive restructuring activities are to meet the needs of economic recession in North America and parts of Europe. This year, ABB's investment in research and development has increased by 20%. 1992 The company's layoffs continued to accelerate, and the number of employees decreased14,000, and the number of employees in Central and Eastern Europe increased to 20,000, distributed in more than 30 branches. In Asia, more than 20 branches and service departments have been established through joint venture capital, acquisition and greenfield investment. From 65438 to 0993, ABB Company continued to implement the strategy of developing business in Europe (including the former Soviet Union), America and Asia-Pacific region. The GT24/GT26 gas turbine technology developed by ABB Company has opened up a new turbine technology market with high energy consumption and low consumption in the world. 1994, ABB company began a two-year consolidation phase to obtain greater output and profits. In western Europe and North America, it is necessary to develop a wider range of institutions to encourage companies to continuously open subordinate departments. The company's main energy is to quickly develop service content and develop new products. In Asia, ABB has 30,000 employees and more than 65,438+000 production, engineering, service and production development centers. From 65438 to 0995, ABB Company continued to expand its business activities in Asia, ABB North Asia and China President Qin Fang, and Central and Eastern Europe through domestic business expansion, acquisition of other companies and venture capital. ABB also announced the establishment of a joint venture with Daimler-Benz of Germany, with each party holding 50%. 1 996 65438+1October1,ABB was elected as the most advanced company in technology and management in Europe. 1997, ABB announced that it would accelerate its business development in Asia to improve its business activities in western Europe. ABB reduced 10000 jobs in western Europe and the United States, and spent $85 million on restructuring in the last quarter. ABB signed an agreement with Industri Kapital to operate telephone poles and wires in Sweden and Germany. 1On February 25th, 998, ABB Company opened the world's first high-voltage power plant. On June 1998, ABB acquired Alfa Laval Automation Company. 1998 12 in August, ABB reorganized its business department in order to adapt to the trend of market development. 19981June14th, ABB company acquired all the shares of Elsag Bailey company in order to promote the development of automation industry. 199965438+1October 2 1, ABB acquired some financial services companies related to the energy industry in the United States. 1On February 4th, 999, ABB Company and Alstom Company jointly became the global leader in energy power generation. 199965438+On February 29th, ABB Company sold the nuclear industry authorities to BNFL Company. On March 6th, 2000, ABB held its first annual meeting. On March 27th, 2000, ABB launched B-B e-commerce activities with investors and partners to promote business development in Europe. On May 2, 2000, ABB stopped selling the Ministry of Nuclear Industry to BNFL. On May 1 1, 2000, ABB's sale of shares to Alstom Energy Company ended. On June 8, 2000, ABB Company realized that it could gain more than 10 billion dollars in profits from the development of renewable energy business activities. 12 In September, ABB invested 1 100 million USD in China Petrochemical Group. On June 5th, 2000, 10, ABB started a joint venture with American partners and started to engage in the information technology industry. From June 5, 2000 to October 25, 2000/kloc-0, ABB company made great achievements in the compound environment business. 10 On June 30th, ABB signed a $200 million agreement with Russian Hyundai Oil Refining Company. On October 30th, 2000/KLOC-0, ABB Company opened the Information Technology and Automation Research Center in Singapore. On June 65438+February 1 day, 2000, ABB Company signed a cooperation agreement with North Korea. On June 5, 2000+February 6+April 5, 2000, ABB's clean fuel business in the United States made a profit of/kloc-0.6 billion US dollars.