2006-02-02 - Based on the ABB Group’s overall strategic direction, ABB Asea Brown Boveri (Switzerland) decided to sell its shares in ABB Electrical Systems Ltd.
The sale is part of the strategy to streamline ABB’s operations in Nigeria, move its headquarters
from Lagos to Abuja, and to primarily be involved in projects with relatively large content of ABB products and/or ABB technology
Moreover, ABB’s Power Technology Division has over the past few years gradually implemented a strategy of having focused factories. In Nigeria, this has affected us as the ABB Electrical Systems’ factory does not fit within this strategy of focused factories. Consequently ABB Asea Brown Boveri (Switzerland) decided to sell its shares in ABB Electrical Systems to Shoreline Energy International.
ABB Electrical Systems Limited was incorporated on 8th July, 1996 and was the local manufacturing unit of ABB. Initially, emphasis was put on the lower range of the Low Voltage Switchgear and Motor Control Centres. Subsequently, by 1997 production of 11 kV Switchgear and the higher range of low voltage switchgear.
The company has to its credit several projects carried for various major companies in Nigeria. Notable among the list are: LV Distribution Board and MV panel for C & C Construction; LV Panel and P.F. Correction for Seven Up Nigeria Limited; rehabilitation of MV panels for Dunlop Nigeria PLC; LV Distribution Boards for Shell Petroleum Development Company (SPDC); LV Distribution Boards for Nigeria Liquified Natural Gas Limited (NLNG) and a frequency converter for Paterson Zochonis Industries PLC.
Shoreline Energy and its Nigerian “sister companies”, Shoreline Power and Fortis Constructions are active in project management for the power industry, providing power solutions in various countries in Africa, and ABB Electrical Systems will thus now belong to a new group of companies. ABB Electrical Systems will change its name in February 2006 to reflect the change in ownership. ABB Electrical Systems will change its name January 2006 to reflect the change in ownership.