Swiss engineering firm ABB (ASEA Brown Boveri) to invest $90Mn in Montréal, Canada for North American headquarter along with Research and development facility. Thus it will create 700 jobs when the facility opens later in 2017.
ABB currently employs around 4,500 Canadians across 50 locations in the country.
ABB (ASEA Brown Boveri) is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland, operating mainly in robotics and the power and automation technology areas. ABB has operations in around 100 countries, with approximately 135,000 employees (Dec-2015).
ABB was formed from the 1988 merger of the Swedish corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA) and the Swiss company Brown, Boveri & Cie (BBC).