ABB Strengthens Cable Business Capabilities
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Press release date: March 25, 2010
Agreement with Aker Solutions for subsea power cable installation
Zurich, Switzerland, - ABB, the leading power and automation technology group, has agreed to charter a new vessel from Aker Solutions for use in subsea cable installation.
The state-of-the-art ship will be equipped to install heavy power cables across long distances. The vessel, to be named Aker Connector, is currently under construction and expected to be operational from 2012.
Under the terms of the agreement, ABB will charter the vessel for 2012 and 2013, with an option to extend the contract for a further three years. In addition to the cable-laying vessel, Aker Solutions will also provide a range of related engineering, project management and installation services for the execution of marine and offshore projects.
"This collaboration will enhance the range of projects we can undertake in the specialized and growing market of subsea power cables," said Per Haugland, head of ABB's Grid Systems business.
ABB is one of the world's leading cable manufacturers with extensive knowledge and experience in installations and applications like connecting offshore wind farms, oil-and-gas platforms and subsea interconnections.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people.
For help with any technical terms in this release, please go to: www.abb.com/glossary
For more information, please contact:
Bill Rose Media Relations Manager ABB Inc. Power Products & Power Systems North America +1.919.807.5743 - office +1.919.244.4879 - mobile firstname.lastname@example.org