Fluor and ABB Form Alliance to Deliver Large EPC Substation Projects Globally
- 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 Relations
Brian Mershon, 469-398-7621
or
Brett Turner, 864-281-6976
or
Investor Relations
Geoff Telfer, 469-398-7070
or
Jason Landkamer, 469-398-7222
or
ABB Contacts
Media Relations
Saswato Das, +41 43 317 65 68
or
Antonio Ligi, +41 43 317 65 68
or
Domenico Truncellito, +41 43 317 65 68
or
Sandra Wiesner, +41 43 317 65 68
media.relations@ch.abb.com
or
Investor Relations, +41 43 317 71 11
investor.relations@ch.abb.com
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