ABB Ltd. is a holding company, which engages in the development and provision of power and automation technologies. It operates through the following business segments: Electrification Products; Robotics and Motion; Industrial Automation; and Corporate and Other. The Electrification Products segment manufactures and sells products and solutions which are designed to provide smarter and safer electrical flow from the substation to the socket. The Robotics and Motion segment manufactures and sells robotics, motors, generators, drives, wind converters, components and systems for railways and related services and digital solutions. The Industrial Automation segment develops and sells integrated automation and electrification systems and solutions. The Corporate and Other segment refers to the firm's central research and development, and real estate activities. The company was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.