ABB relocates North American headquarters to Cary, NC
The move is effective immediately, though the transition will be a gradual one as ABB transfers various executive and administrative functions to its new home over the next several years.
Cary was selected over four other U.S. cities considered for the North American headquarters. The Cary office will oversee more than 15,000 employees in operations across the United States, Canada, Mexico, Central America and the Caribbean.
ABB already has a significant and growing presence in the Raleigh-Cary metropolitan area in terms of proximity to some of our key customers, our employee base, and various divisional headquarters, said Enrique Santacana, president and CEO of ABB in North America. After a thorough analysis of economic trends, commercial property rates and other cities, it became clear that there were many advantages in moving our headquarters to Cary.
ABB is the worlds leading provider of transmission and distribution equipment for the power grid and renewable energy sources, including grid modernization (the smart grid). It is also a leader in automation products and process automation systems, providing both its power and automation customers with greater energy efficiency, grid reliability and industrial productivity.
Among the primary factors behind this move are significant cost savings and a favorable business climate in the Triangle, as well as closer proximity to growing customer and employee bases. Commercial office property rates in Cary are close to 50 percent lower than in Norwalk, CT.
The Raleigh-Cary area was rated by the United States Census as the fastest-growing metropolitan region in the country in 2008, and has attracted numerous high-tech corporate headquarters and startups in recent years.
ABBs existing Triangle presence
ABB already has a significant and growing presence in the Raleigh market and across the state. ABB employs about 500 people in the Triangle, nearly 900 in N.C., and an additional 1,200 in adjacent states. This includes ABBs Power Products and Power Systems North America divisional headquarters, and its Corporate Research Center, based in Raleigh on the progressive Centennial Campus of North Carolina State University. The ABB Cary office last year was selected to house the ABB Human Resources Service Center and the ABB Shared Accounting Services (SAS), the new headquarters for all human resources and accounting services functions for all employees in the United States.
We look forward to becoming a greater part of the Triangle business community and contributing to the tremendous growth and success of the region, said Santacana.
- Posted in:
- Related Portals:
- Automatic Identification, Manufacturing Execution Systems (MES) Software, Building Automation, Machine Safety, Motion Control, Motors & Drives, Process Instruments, Field Devices & IO, Electrical & Control Panels, Valves & Pumps, HMI & Operator Interfaces, Industrial Computers, Programmable Controllers, Robots & Robot Controllers, Design & Simulation Software, Machine Tools, CNC & DNC, Material Handling, Packaging, Embedded Automation, Power & Energy, Systems Integration, SCADA & RTU, Process Safety, Sensors & Industrial I/O, Industrial Networks, Process Automation, Manufacturing Operations Management, Factory Automation
MORE INDUSTRY NEWS
Siemens receives TÜV SÜD certification at 7 German sites
The TÜV SÜD certificate is based on the standard IEC 62443-4-1. This standard includes security-relevant requirements such as capabilities and...
Valin announces acquisition of Thermal Solutions of Texas
The acquisition expands Valin’s process heating portfolio and was made effective on August 15, 2016. Thermal Solutions of Texas provides service...
Industrial Wireless Sensor Network Market
Industrial Wireless Sensor Network Market to Grow at a CAGR of 14.95% during 2016-2020
VDMA: Germany sees record machine vision sales in 2015
In 2015, the German machine vision industry achieved record sales of 2 billion euros – a rise of 9 percent compared to the previous year. Sales...
Global Mobile Robotics Market To Expand At 12.21% CAGR Between 2016 And 2020 Owing To Burgeoning...
MarketResearchReports.biz has announced the addition of a report, title “Global Mobile Robotics Market 2016-2020” report to its database.
SKF automates factory with Egemin automated storage system
With the new system, SKF can organize the logistics of its bearings, lubricants and seal products more efficiently and economically. The completed...
FieldComm Group's End User Seminar focuses on integration and the IIoT
Technology presentations on FOUNDATION Fieldbus, FDI, HART and WirelessHART will focus on recent enhancements and their role in the digital...
Sensor Concepts chooses Acromag's XCOM-6400 for InfiniSCAN measurement systems
Although the original intent was to use the power management system to reduce processor throughput and keep the board operating under 20 watts per...
Rotork actuators support environmental improvement at Aberthaw Power Station
Through the use of automation that includes Rotork valve actuation, Aberthaw can efficiently generate around 1555 MW of electricity for the...
MAVERICK uses DCSNext solution to move DCS migration project to final phase
DCSNext capabilities allow INEOS Styrolution to avoid any additional downtime during migration and leverage the complete benefits of the latest...