Asea than $10 billion and revenues have been increased

Asea Brown Boveri(ABB) Group is a global leader in industrial technology with more than four decades of experience which headquartered in Zurich, Switzerland. ABB is operating mainly in power, heavy electrical equipment, and industrial automation as well as robotics (Top 10 industrial robotic companies in the world, 2015). “ABB is a pioneering technology leader that works closely with utility, industry, transportation and infrastructure customers to write the future of industrial digitalization and realize value” (ABB, 2018). ABB has operations over 100 countries with around 132,000 employees in December 2016 and has installed more than 300,000 robots worldwide supported by the broadest service network and offering in the industry. Its facilities for research, development and manufacturing are located in Sweden, Japan, Norway, Mexico, Czech Republic, USA and China. ABB enhances energy efficiency, reliability and productivity while lowering environmental impact in industrial, utility and infrastructure globally (Wikipedia, 2018). The Robotics and Motion division provides products, solutions and services that improve industrial productivity, energy efficiency and consistency in manufacturing processes. It includes electric motors, generators, drives, power electronics and industrial robots (Wikipedia, 2018). ABB has introduced the first paint robot in 1969 and the world’s first microprocessor controlled the electric industrial robot to the market and sold more than 250,000 robots in 1974. ABB supplies robots for industries as diverse as automotive, packaging and palletizing, and consumer electronics. In 2014,  the Discrete Automation and Motion division achieved a record level of orders with more than $10 billion and revenues have been increased 2 percent according to the ABB Group annual report. ABB has redefining robotics with YuMi, the world’s first truly collaborative dual-arm robot. YuMi is designed for a new era of human-robot collaboration. For example, in small parts assembly, where people and robots safely work alongside each other on the same tasks (ABB, 2014).