Statement re European Commiss

RNS Number : 6587S

ABB Ltd

14 September 2010

 



ABB confirms that European Commission closed investigation into ABB's FACTS business

Zurich, Switzerland, September 14, 2010

In January 2010, the European Commission conducted raids at the premises of the Company's flexible alternating current transmission systems (FACTS) business in Sweden as part of its investigation into alleged anti-competitive practices of certain FACTS manufacturers.  We have now been informed that the European Commission has closed its investigation into this matter.  No fine has been imposed on ABB.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 120,000 people.

 

END

 

 

STREAFNLFSEEEFF