Swiss engineering group ABB has signed two strategic deals with global impact in the energy sector with Aibel and Flour.
In the case of the partnership with Aibel, the company will work to deliver offshore wind integration solutions. Meanwhile, the deal with Flour focuses on large turnkey engineering, procurement and construction (EPC) projects for electrical substations.
“Fluor’s new global strategic partnership with ABB targeting the substation market is expected to bring unique synergies to our Power clients,” said David Seaton, chairman and CEO of Fluor, according to a statement. “This approach exemplifies our focus on addressing client needs with our unique integrated solutions offering.”
“Offshore wind power transmission projects are inherently complex in nature, deploying cutting-edge technologies, and ABB has gained significant experience in this area. This partnership with Aibel will help us to leverage the specialized competencies of both companies and enhance our overall value proposition for customers,” said Claudio Facchin, President of Power Grids. “It reinforces our Next Level strategy to focus on our core technology strengths like HVDC and build new business models, as we pursue profitable growth opportunities.”
ABB operates in more than 100 countries with about 135,000 employees.
Aibel AS employs around 5,000 people and is engaged in the oil, gas and renewable energy sectors, providing engineering, construction, upgrading and maintenance solutions.
Fluor reported revenues of USD 18.1 billion in 2015 and has more than 60,000 employees worldwide.