- Alliance combines ABB’s leading market position in power technologies with Fluor’s expertise in delivering large EPC projects
- Alliance to capture new growth opportunities for both companies
Fluor
Corporation
(NYSE: FLR) and ABB have formed a global
strategic alliance for the execution of large turnkey engineering,
procurement, construction (EPC) electrical substation projects. By
combining ABB’s world leading technology and its market leadership
position in power transmission and distribution with Fluor’s expertise
and experience in delivering large EPC projects, the alliance will help
to meet the evolving needs of power grids across the world for safe,
reliable and state-of-the-art electrical substations.
“Fluor’s new global strategic alliance with ABB targeting the substation
market will bring unique synergies to our Power clients,” said David
Seaton, chairman and CEO of Fluor. “This approach exemplifies our focus
on addressing client needs with our unique integrated solutions
offering.”
“We are proud to partner with Fluor to tap the vast opportunities of the
ongoing energy revolution and the related power infrastructure
investments. Together, we will grow our businesses by complementing each
other’s strengths for unique customer services for large substation
projects,” said ABB CEO Ulrich Spiesshofer. “Strategic alliances like
this are a core pillar of our Next Level strategy and help us to drive
growth while mitigating risk.”
Substations are key elements in power grid infrastructure that
facilitate the efficient transmission and distribution of electricity.
They control and protect power flows, connect power stations to the grid
and link transmission and distribution networks as well as end consumers.
ABB is a world leader in air-insulated, gas-insulated and hybrid
substations with voltage levels up to 1,200 kV. These substations
facilitate the efficient and reliable transmission and distribution of
electricity with minimum environmental impact, serving utility, industry
and commercial customers as well as sectors like railways, urban
transportation and renewables.
“This global alliance with Fluor reinforces our strategic focus on
developing new business models as part of the ongoing transformation of
our business for enhanced customer value,” said Claudio Facchin, ABB
president, Power Grids division.
Both parties will work together to formalize the partnership before year
end.
About Fluor
Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that designs, builds
and maintains capital-efficient facilities for its clients on six
continents. For more than a century, Fluor has served our clients by
delivering innovative and integrated solutions across the globe. With
headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list
with revenue of $18.1 billion in 2015 and has more than 60,000 employees
worldwide. For more information, please visit www.fluor.com
or follow us on Twitter
@FluorCorp
.
About ABB
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in
electrification products, robotics and motion, industrial automation and
power grids serving customers in utilities, industry and transport &
infrastructure globally. For more than four decades, ABB is writing the
future of industrial digitalization. With more than 70 million devices
connected through its installed base of more than 70,000 control systems
across all customer segments, ABB is ideally positioned to benefit from
the Energy and Fourth Industrial Revolution. With a heritage of more
than 130 years, ABB operates in more than 100 countries with about
135,000 employees. www.abb.com
Fluor Corporation Contacts Media RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222or ABB Contacts Media RelationsSaswato Das, +41 43 317 65 68orAntonio Ligi, +41 43 317 65 68orDomenico Truncellito, +41 43 317 65 68orSandra Wiesner, +41 43 317 65 68 media.relations@ch.abb.com orInvestor Relations, +41 43 317 71 11 investor.relations@ch.abb.com