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    'ABB India will be a key building block of the new ABB'

    In December 2018, ABB announced a $11 billion deal to sell its power grid business to Hitachi. In his first interview after the announcement, Ulrich Spiesshofer, President and former CEO of ABB Group, talks to Business Today's Rukmini Rao
    by BusinessToday.In Apr 15, 2019 5 minutes

    Q. You recently announced the sale of ABB's power grid business to Hitachi. What will be the focus of the new ABB entity?

    A: The new ABB will be a leader in technology, focussed entirely on digital industries. At present, we provide a range of offerings for digital needs of industries. One is our industrial automation solutions for process industries which drive competitiveness of our customers. We also provide technology solutions through our robot and discrete manufacturing business. We also have a big presence in the motion business, focussing on motors, drives, mechanical power transmission, etc. So, the new ABB is poised to be the partner of choice, helping customers in different industrial segments tap the opportunities of industrial digitalisation.

    Q. So, what has changed in terms of focus? How will the realignment of the businesses help?

    In power grids, we

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