ABB Has a Solid Base to Build Its Industry 4.0 Business but Needs to Step Up Its Software Strategy
Wide-moat ABB released preliminary first-quarter results in line with expectations and announced the departure of CEO Ulrich Spiesshofer. A change in guard could be positive for the company, provided the new CEO has greater vision on Industry 4.0 applications. Some activist investors are also pushing for a divestment of the electrification division. While the buildings part of this division is tangential to the core automation portfolio, we see overlap in other customer segments, such as process...
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