ABB Ltd. is a holding company, which engages in the development and provision of power and automation technologies. It operates through the following segments: Electrification Products; Discrete Automation and Motion; Process Automation; Power Grids; and Corporate and Other. The Electrification Products segment produces and markets low and medium-voltage switchgear, breakers, switches, control products, wiring accessories, and installation materials. The Discrete Automation and Motion segment manufactures and trades motors, generators, speed drives, robots and robotics, solar inverters, wind converters, rectifiers, excitation systems, and protection solutions. The Process Automation segment designs and commercializes control and plant optimization systems for the oil, gas and petrochemicals, metals and minerals, marine, pulp and paper, pharmaceuticals, and power industries. The Power Grids segment offers automation products and systems for power generation, transmission, and distribution. The Corporate and Other segment refers to the firm's administrative operations. The company was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.