ABB is a pioneering technology leader with a comprehensive offering for digital industries. With a history of innovation spanning more than 130 years, ABB is today a leader in digital industries with four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by its common ABB Ability™ digital platform. ABB's market-leading Power Grids business will be divested to Hitachi in 2020.
In the United States and around the world, we help our customers work safer and more successfully by bringing electricity from any power plant to any plug, and we automate industries from raw materials to finished products. ABB's North American operations are headquartered in Cary, North Carolina, and employ about 24,000 people from Silicon Valley to Detroit to facilities in 100 communities in 25 states, Washington, D.C. and Puerto Rico.
ABB's success has been driven particularly by a strong focus on research and development. One of our seven global research and development centers is located on the campus of North Carolina State University in Raleigh along with its Smart Grid Center of Excellence and the regional headquarters for ABB's power-related businesses.
This focus on technology development has produced numerous breakthroughs and industry firsts, many in the United States, from the first major HVDC link in U.S. transmission history, to the world's largest battery energy storage system in Fairbanks, Alaska. ABB has even supplied robots featured in the Terminator and Iron Man films, as well as the Star Trek: Discovery series. As part of Electrify America, ABB was selected to supply our high power Terra HP charging stations as part of the biggest electric vehicle infrastructure project to date in the United States.
As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future.
Based in Zurich, Switzerland, ABB operates in more than 100 countries with about 147,000 employees. The firm's shares are traded on the stock exchanges of New York, Zurich, Switzerland and Stockholm, Sweden.
ABB's operations are organized into five global businesses, which in turn are made up of specific business lines focused on particular industries and product categories.
ABB's Electrification business offers a wide-ranging portfolio of products, digital solutions and services, from substation to socket, enabling safe, smart and sustainable electrification. Offerings encompass digital and connected innovations for low- and medium-voltage, including EV infrastructure, solar inverters, modular substations, distribution automation, power protection, wiring accessories, switchgear, enclosures, cabling, sensing and control.
ABB's Industrial Automation business offers a broad range of solutions for process and hybrid industries, including industry-specific integrated automation, electrification and digital solutions, control technologies, software and advanced services, as well as measurement & analytics, and marine and turbocharging offerings. Industrial Automation is #2 in the market globally. Working closely with customers, ABB's Industrial Automation business is writing the future of safe and smart operations.
ABB's Motion business is largest supplier of drives and motors, globally. We provide customers with the complete range of electrical motors, generators, drives and services, as well as mechanical power transmission products and integrated digital powertrain solutions. We serve a wide range of automation applications in transportation, infrastructure and the discrete and process industries.
ABB's Robotics & Discrete Automation business provides value-added solutions in robotics, machine and factory automation. Our integrated automation solutions, our application expertise across a wide scope of industries and our global presence deliver tangible customer value. Our focus on innovation includes extensive work in artificial intelligence, an ecosystem of digital partnerships and the expansion of our production and research capabilities through our $150-million investment in a new world-class robotics factory in Shanghai.
The Power Grids business offers power and automation products, systems, service and software solutions across the generation, transmission and distribution value chain. The industry leading portfolio includes grid integration, transmission, distribution and automation solutions and a complete range of high-voltage products and transformers. ABB pioneered HVDC technology more than 60 years ago and is responsible for around half the world's HVDC installed base. ABB is the world's largest maker of transformers and a technology and market leader in highvoltage products and substation solutions, pushing voltages to record levels.