Side-by-side comparison of AI visibility scores, market position, and capabilities
Zurich industrial automation (NYSE: ABB) at $2.3B robotics revenue divesting to SoftBank for $5.375B (closing mid-to-late 2026); 140+ year history refocusing on electrification and motion control competing with Siemens for industrial automation.
ABB Ltd is a Zurich, Switzerland-headquartered industrial technology company — publicly traded on the New York Stock Exchange (NYSE: ABB) and SIX Swiss Exchange — providing electrification, motion control, process automation, and (pending divestiture) robotics solutions to utilities, industrial manufacturers, transportation, and infrastructure operators globally with approximately 110,000 employees. Formed in 1988 through the merger of Sweden's ASEA (founded 1883, launched the IRB 6 industrial robot in 1974) and Switzerland's Brown Boveri (founded 1891), ABB is undergoing a major strategic transformation: in 2025, ABB announced the divestiture of its ABB Robotics & Discrete Automation division (2024 revenue $2.3 billion, ~7,000 employees) to SoftBank Group Corp. for $5.375 billion, with the transaction expected to close mid-to-late 2026 — separating the robotics business to focus ABB on core electrification and motion segments.
Allentown PA industrial gases and clean hydrogen (NYSE: APD) $12.1B FY2024 revenue; NEOM green hydrogen $8.5B megaproject, CEO transition Oct 2024, Mantle Ridge activism competing with Linde and Air Liquide.
Air Products and Chemicals, Inc. is an Allentown, Pennsylvania-based industrial gases and energy transition company — publicly traded on the New York Stock Exchange (NYSE: APD) as an S&P 500 Materials component — producing and distributing atmospheric gases (oxygen, nitrogen, argon), process gases (hydrogen, helium, carbon dioxide), and specialty gases for industrial, healthcare, and clean energy applications through approximately 22,000 employees in 50+ countries. In fiscal year 2024 (ending September 2024), Air Products reported revenues of $12.1 billion with adjusted EBITDA of approximately $3.9 billion, as the company continued executing its massive green hydrogen mega-project portfolio despite significant capital deployment raising Net Debt-to-EBITDA above 4x. In October 2024, longtime CEO Seifi Ghasemi retired after a decade leading Air Products' transformation from a traditional industrial gases company to a clean hydrogen investment vehicle — Eduardo Menezes was appointed CEO, with activist investor Mantle Ridge (holding approximately 10% of Air Products shares) advocating for strategic refocus, capital discipline, and potential strategic alternatives to the green hydrogen mega-project strategy. Air Products' industrial gases business (oxygen for steel production, nitrogen for food preservation and semiconductor manufacturing, hydrogen for petroleum refining) generates $8+ billion in recurring revenues from long-term take-or-pay contracts with petrochemical, steel, and healthcare customers — providing the cash flow foundation that supports green hydrogen capital investment.
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