To date, on-site drive reconditioning has preserved capital and material value, avoided ~16 metric tons of CO₂ emissions, and maintained continuity, delivering environmental, economic, and operational value in one decision.Asset health assessment by ABB helped the major Indian cement producer choose a tailored, multi-year ABB Motion OneCare agreement, for enhanced reliability, uptime, and cost predictability.ACC Limited is set to benefit from energy appraisals, scheduled drive reconditioning, and digital monitoring to shift maintenance from reactive to predictive.

BENGALURU, India, Oct. 27, 2026 /PRNewswire/ — ABB has signed a multi-year ABB Motion OneCare service agreement with ACC Limited, a major cement producer in the Adani Group, to improve the operational reliability of ACC’s Jamul cement plant in Chhattisgarh, India. The comprehensive maintenance framework, shaped around ACC’s needs, encompasses scheduled reconditioning, digital monitoring, and energy appraisals, with the latter extending the program’s scope from restoration into ongoing performance enhancement.

Phase one, completed in April 2026, reconditioned 25 ABB ACS800 variable speed drives on site without a major shutdown. By retaining the existing cabinets and reconditioning equipment rather than replacing complete panels, the project avoided approximately 16 tonnes of CO₂ emissions.

A second phase covering the reconditioning of an additional 25 ACS800 drive modules is planned for Q4 2026. As part of the agreement, ACC also began using ABB Ability™ Digital Powertrain Insights, setting the foundation to shift from reactive to predictive maintenance. 

A fleet that delivered — and a clear signal to act

The ABB ACS800 drives at Jamul — installed in 2010 — had maintained a strong reliability record across well over a decade of near-continuous operation in one of the most demanding industrial environments. Over time, however, the cumulative effects of electrical aging reached a point where trip event patterns were no longer in line with the plant’s operational requirements — a natural inflection point for a fleet that had been running full steam since installation, and a clear signal that the time had come to act.

Rather than defaulting to full replacement, ACC engaged ABB’s certified engineers for a structured asset health assessment. The finding was clear: the drives’ cabinets and enclosures remained structurally sound. Targeted reconditioning was both the technically right and most cost-effective route to extended lifetime and sustained reliability.

Expertise brought to the plant

Two decades of working knowledge of ACC’s equipment and operational calendar shaped the approach. ABB developed a service plan tailored to ACC’s shutdown windows and budget cycle. The multi-year ABB Motion OneCare agreement includes scheduled drive reconditioning, ABB Ability™ Digital Powertrain Insights, and energy appraisals. To start, ABB brought its reconditioning expertise directly to Jamul. Earlier this year, 25 ACS800 drives were restored to factory specification without interrupting production, with the original enclosures retained. Phase two is in planning: an additional 25 ACS800 modules are scheduled for on-site reconditioning in the last quarter of 2026.

In addition, with ABB Ability™ Digital Powertrain Insights now active across the fleet, ACC’s teams gain continuous visibility into temperature, current, vibration, and fault patterns — the intelligence to act on emerging issues before they become failures. Energy appraisals, built into the later phase of the program, will extend its scope from restoration into systematic performance improvement. “We know what unchecked wear costs over time: a small inefficiency that eats away at ROI for years. At Jamul, the evidence pointed clearly to assets with productive life still in them,” said Amit Gupta, Local Division Manager, Motion Services, ABB India. “Our job was to restore them properly and give the team the tools to stay ahead of the next problem. At ABB, we don’t just fix what fails. We want to protect what works.”

Circularity as the operating logic

The program reflects the competitive logic of industrial circularity. Restoring what was installed rather than replacing it kept material and economic value in productive use, and protected continuity — all in one decision. ABB data indicates reconditioning reduces drive lifecycle emissions by 50 to 80% versus full replacement. Digital monitoring gives ACC’s teams real-time intelligence: now they know exactly what to fix, and exactly when to fix it, for maximum uptime.

“Moving from reactive firefighting to a structured maintenance plan was exactly what this operation needed. That kind of peace of mind doesn’t come easily. It comes from a partner that understands how your business runs,” added Vinod Bahety, CEO – Cement Business, Adani Group. “We didn’t need a full system overhaul; we needed expert support, actionable insights, and a plan we could execute around our schedule. That’s what we got.”

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB Motion, a global leader in motors and drives, is at the core of accelerating a more productive and sustainable future. We innovate and push the boundaries of technology to contribute to energy efficient, decarbonizing and circular solutions for customers, industries and societies. With our digitally enabled drives, motors and services we support our customers and partners to achieve better performance, safety and reliability. To help the world’s industries outrun – leaner and cleaner, we deliver motor-driven solutions for a wide range of applications in all industrial segments. Building on over 140 years of domain expertise in electric powertrains, our more than 23,000 employees across 100 countries learn and improve every day. go.abb/motion

ACC Limited, a subsidiary of Ambuja Cements and part of the diversified Adani Group, is one of India’s most trusted building materials and concrete solutions company. With a legacy of nearly nine decades, ACC operates 20 cement manufacturing sites, 119 ready-mix concrete plants, and a nationwide network of channel partners, serving its customers. ACC is actively advancing its sustainability roadmap with a strong focus on green energy, circular economy, and digital transformation. The Company alongside Ambuja Cements is among the fourth large-scale building materials company in the world committed to net-zero by 2050, with its near-term and science-based net-zero targets validated by the Science Based Targets initiative (SBTi). ACC continues to drive operational excellence through synergies with the Adani Group in logistics, power, project execution, and digital infrastructure. ACC has been recognised India’s Most Sustainable Company 2026 in the Cement Sector by Business Today. Its blended cement products are GreenPro certified, and its innovative products are listed in the GRIHA product catalogue. ACC has been recognised as one of ‘India’s Most Trusted Cement Brands’ by TRA Research and among the ‘Iconic Brands of India 2025’ by The Economic Times for the third consecutive year. https://www.acclimited.com/

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STOCKHOLM, Oct. 27, 2026 /PRNewswire/ —

Record sales, operating profit and margin

Third quarter

Net sales totaled SEK 40,771 M (38,146), with organic growth of 4% (3) and acquired net growth of 2% (5). Exchange rates affected sales by 1% (–6).Organic sales growth was strong in Americas and EMEIA, good in Global Technologies and Entrance Systems, but declined in Asia Pacific.Three acquisitions with combined annual sales of about SEK 350 M and one divestment were completed during the quarter.Operating income1 (EBITA) increased by 12% to SEK 7,612 M (6,815) with an operating margin of 18.7% (17.9).Operating income1 (EBIT) increased by 11% to SEK 7,102 M (6,416) with an operating margin of 17.4% (16.8).Net income1 amounted to SEK 4,718 M (4,144).Earnings per share1 amounted to SEK 4.24 (3.73).Operating cash flow amounted to SEK 7,405 M (6,969).

1 Excluding items affecting comparability for the same period of the previous year. Please see the tabulated figures section in this report, page 12, for further details about the financial effects in 2025.

Comments by the President and CEO

“I am happy to report another record strong quarter for ASSA ABLOY in which our sales grew by 7%, driven by 4% organic sales growth, 2% net acquired growth and 1% from currency movements. This is the seventh consecutive quarter with organic sales growth despite the geopolitical and macroeconomic uncertainties we have seen in the last couple of years. The good organic sales growth contributed to a record-high operating margin and for the first time our operating profit exceeds SEK 7bn in a quarter!

Organic sales growth was strong in the Americas and EMEIA divisions – 6% and 5% respectively. Americas growth was driven by continued strong growth in the non-residential segment and Latin America. The North America Residential segment improved and had good sales growth. In EMEIA, the growth was driven by very strong sales growth in Central Europe, while the other regions had good or stable sales growth developments. Global Technologies grew by 4%, with strong sales growth in HID, while Global Solutions’ growth was low single-digit due to temporarily lower deliveries in the retail business unit. Entrance Systems reported good organic growth of 3%, driven by Pedestrian and Perimeter Security. Organic sales in Asia Pacific declined 1% due to weak sales in Greater China.

The operating profit (EBIT) totaled SEK 7,102 M, up 11% vs. last year. The operating margin improved by 60 bps year-on-year to 17.4% (16.8) driven by excellent operating leverage of 47% due to price realization and cost efficiencies. The operating cash flow improved by 6% year-on-year to SEK 7,405 M, resulting in an excellent cash conversion of 117%.

Our people make the difference

Our decentralized organization and commitment to innovation remain two of our key competitive advantages. However, the foundation of everything we do is our 65,000 people. Their dedication, expertise and curiosity drive our success. As more of our products and solutions become electromechanical, our technology platforms create new opportunities to realize synergies. To continue to lead this transition, we continue to invest in our people. Over the last eight years, the number of internal applications for each open position has almost tripled, demonstrating the strength of our culture and the career opportunities available within ASSA ABLOY. Developing talent remains a strategic priority. Through leadership development programs, continuous learning opportunities and increased cross-divisional collaboration, we are building the capabilities to support future growth. Our ‘Together We’ culture is founded on empowerment, innovation and integrity. This supports our ambition to be a world-leading organization, knowing that when our people succeed, our business succeeds too.

Our acquisition strategy also brings talented people into the Group, adding fresh perspectives, new ideas and entrepreneurship. We are proud that many founders of the companies we acquire choose to remain with ASSA ABLOY. During the quarter, we acquired three businesses. We also announced the signing of Gunnebo Entrance Control, which will strengthen and complement our existing offering in pedestrian access solutions.

We are proud of what we have accomplished in the first nine months and are confident in our ability to deliver another strong year. At the same time, we remain focused on the opportunities ahead. To ensure that ASSA ABLOY remains long-term competitive, we will also launch our 11th manufacturing footprint program during the fourth quarter.

Thank you for your continued trust in ASSA ABLOY.”

Nico Delvaux
President and CEO

Further information can be obtained from:
Nico Delvaux, President and CEO
phone: +46 8 506 485 82

Erik Pieder, Executive Vice President and CFO,
phone: +46 8 506 485 72

Björn Tibell, Head of Investor Relations,
phone: +46 70 275 67 68
e-mail: bjorn.tibell@assaabloy.com

ASSA ABLOY is holding a telephone and web conference at 09.00 CET on 27 October, 2026, which can be followed online at assaabloy.com/investors.

It is possible to submit questions by telephone on:
08–505 100 31, +44 203 059 5863 or +1 631 570 5613

This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 27 October, 2026.

This information was brought to you by Cision http://news.cision.com.

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SHANGHAI, Oct. 27, 2026 /PRNewswire/ —  A news report from Yicai Global:

A press conference for the 2026 World Laureates Forum (WLF) was held in Lingang, Shanghai, on October 22. WU Xiaohua, Chairman of the World Laureates Foundation, presented an overview of this year’s forum and its key highlights. Six other speakers then took turns outlining the agendas and highlights of the six parallel forums and answering questions from reporters. The speakers were HU Dawei, Vice President of Shanghai University; XU Xu, Deputy Secretary of the Party Committee of Lingang Laboratory; MENG Guang, Deputy Chair of the University Council at Shanghai Jiao Tong University; YANG Yanqin, Secretary of the Party Committee of Software Engineering Institute at East China Normal University; GENG Zhaohua, Vice Dean of the Xuemin Institute of Advanced Studies at Fudan University; and ZHAO Hongduo, Assistant President of Tongji University. The press conference was chaired by FAN Jianrong, Secretary-General of the World Laureates Foundation.

According to information released at the press conference, the 2026 WLF will take place from October 30 to November 1 at its permanent venue, the Lingang Center in Shanghai, under the theme “New Science Paradigm: Break Through for the Next Decade.” The opening ceremony and main forum will be held on the morning of October 31. WAN Gang, former President of the China Association for Science and Technology, will serve as the forum’s Chinese chair, and Randy W. SCHEKMAN, a recipient of the 2013 Nobel Prize in Physiology or Medicine, will serve as its international chair. The forum is hosted by the China Association for Science and Technology and co-hosted by the Parkland Foundation and the HongShan Charity Foundation. As many as 25 international and domestic scientific organizations, leading universities, and top laboratories will organize or support the event.

This year’s forum will bring together 33 recipients of leading international awards, including the Nobel Prize, Turing Award, Wolf Prize, and Fields Medal, alongside numerous members of the Chinese Academy of Sciences (CAS), the Chinese Academy of Engineering (CAE), and overseas academies, distinguished experts and scholars, outstanding young scientists, and representatives of leading sci-tech enterprises. Focusing on the frontiers of global science and technology, the participants will discuss major issues concerning future sciences, including research paradigms, value chains, international cooperation, talent development, and science and technology governance.

The forum follows a “1+6+4+1” structure: one combined event comprising the opening ceremony, award ceremony, and main forum; six parallel forums; four themed events; and one closing ceremony. These will be complemented by a series of special activities, including science and technology tours and related exchange events. Together, the activities will engage leading scientists, senior researchers, young scientists, young people involved in science and technology innovation, and industrial incubation platforms. The opening ceremony will also feature the presentation of the 2026 WLF Prize in Computer Science or Mathematics and the 2026 WLF Prize in Life Science or Medicine, alongside the 2026 WLF Prize for Young Scientists, newly introduced this year.

Seven Key Highlights

Compared with previous editions, this year’s forum will feature an enhanced program with seven key highlights.

A more distinguished lineup of participants

33 leading scientists have confirmed their attendance, including seven Nobel laureates and three Turing Award laureates. Of these 33 scientists, seven will be attending the forum for the first time. They will be joined by 139 senior scientists and 81 young scientists, forming a distinctly tiered talent structure. Notably, participation by high-level Chinese scholars and members of the Chinese Academy of Sciences and the Chinese Academy of Engineering will increase significantly this year, further strengthening the lineup.

2026 WLF Prize laureates to be officially introduced at the opening ceremony

The 2026 WLF Prize Laureates were officially announced at the Lingang Center on September 10. The laureates, including SHAO Feng, the first Chinese national to win the prize, will receive their awards at the opening ceremony. Leading scientists from China and abroad, including Andrew Chi-Chih YAO, Liqun LUO, Efim ZELMANOV, and Randy W. SCHEKMAN, will attend to announce the awards and present them to the laureates. In addition, this year’s WLF Prize laureates will take part in a series of WLF Prize campus visits, meeting and exchanging ideas with young scholars at leading universities in Shanghai and Hong Kong.

A more prestigious opening ceremony and main forum

As the forum’s flagship event, the opening ceremony and main forum will retain their three customary components: opening addresses, the awards ceremony, and keynote speeches. This year’s opening ceremony will take place at the Summit Grand Ballroom in the Lingang Center and with roughly double the seating of last year’s ceremony.The main forum will be a particular highlight. Omar M. YAGHI, a recipient of the 2025 Nobel Prize in Chemistry; HU Hailan, a female member of Chinese Academy of Sciences; Laurent LAFFORGUE, a 2002 Fields Medalist; and ZENG Yuqun, founder and chairman of CATL, will deliver keynote speeches in that order. This will mark the first time that a leading scientist from industry joins recipients of top scientific awards on stage to discuss the forum’s central themes.

Six parallel forums focusing on the frontiers of science and technology

The six parallel forums will focus on six emerging or frontier fields: future semiconductors, biomedicine, aerospace information, artificial intelligence, future energy, and quantum science. The forums will be organized by Shanghai University, Lingang Laboratory, Shanghai Jiao Tong University, East China Normal University, Fudan University, and Tongji University, respectively, in collaboration with national academic societies and leading companies.

Four engaging themed events

The Young Scientists Forum, themed “The Next Decade: Young Scientists Define Questions, Science Reshapes the Future,” will bring together laureates of the WLF Prize for Young Scientists and young scholars from around the world, giving them the opportunity to engage in dialogue with leading scientists.

The SHE Forum, themed “The Next Decade: Women’s Leadership in Science and a Resilient Future in the Age of AI,” will highlight the contributions and influence of women in science and technology worldwide.

The Future Scientists Forum, designed for children and teenagers and themed “The Next Decade: My Pact with Science,” will offer young participants opportunities to meet leading scientists from China and abroad face to face and inspire them to pursue their scientific dreams.

The World Top-Performing Incubator Conference, themed “The Next Decade: Deep Tech Transfer, The Critical Leap from Lab to Market,” will bring together incubator leaders from around the world to promote the incubation and commercialization of deep-tech research outcomes.

A series of distinctive side events

Science and technology tours along four routes will take participants to major research facilities and leading technology companies in Shanghai, including Tongji University’s intelligent connected vehicle testing and evaluation base, the National Facility for Protein Science in Shanghai, the Shanghai Astronomy Museum, and JCET’s automotive electronics facility. The tours will provide a comprehensive view of the latest achievements in Shanghai’s development as an international center for science and technology innovation.

The WLF HUB will be open to young researchers free of charge. A research poster exhibition featuring work by young scientists will also be held during the forum to showcase their latest findings at the frontiers of science and foster collaboration among industry, universities, and research institutes.

During the forum, a temporary exhibition titled “Liu Hui: The Great Mathematician of Ancient China,” will also be held in Shanghai. Through rare editions of historical texts, art installations, digital films, and interactive experiences, the exhibition will showcase the remarkable achievements of ancient Chinese mathematics and promote exchanges and mutual learning among civilizations.

Major outcomes to be unveiled at the closing ceremony

Next year will mark the 10th anniversary of the WLF. Under the theme “WLF’s 10th Anniversary: A New Beginning,” this year’s closing ceremony will highlight the key outcomes of this year’s forum, launch the global call for nominations for the 2027 WLF Prize, and formally put forward a proposal to establish an international organization. Together, these announcements will set out a blueprint for the forum’s transition from an annual gathering to a permanent platform for international cooperation in science and technology.

Six Parallel Forums

2026 marks the first year of China’s 15th Five-Year Plan period (2026–2030), with proactive planning for future industries becoming a key priority. In collaboration with leading universities in Shanghai, research institutions, and national academic societies, the 2026 WLF will organize six parallel forums covering future semiconductors, biomedicine, aerospace information, artificial intelligence, future energy, and quantum science. Aligned with national strategic deployments and Shanghai’s industrial development priorities, the forums will look ahead to the next decade and address key questions concerning scientific breakthroughs and industrial transformation across these six fields.

The Future Semiconductor Forum is jointly hosted by the Chinese Institute of Electronics and Shanghai University, with support from Fudan University, the Shanghai Institute of Microelectronics Industry at Shanghai University, and the journals Acta Electronica Sinica, Journal of Mechanical Engineering, and Moore and More. Academicians LIU Ming (female), WU Hanming, and Benoît DUBUIS will serve as co-chairs. ZHANG Jianhua (female), Vice President of Shanghai University, will serve as chair of the Organizing Committee. Academicians LIU Sheng and Adrian Mihai IONESCU, along with other experts, will participate in the discussions at the forum. Under the theme “The Next Decade: The Future of Semiconductors and Chips,” the forum will explore how AI can drive innovation and development in the semiconductor industry, assess technological development trajectories over the next decade, and examine models for training innovative talent.

The Lingang Symposium on Brain Diseases, initiated by Lingang Laboratory, is jointly hosted by the laboratory, the Chinese Society for Biomaterials, and the Chinese Society for Cell Biology. Nobel laureate Randy W. SCHEKMAN, WLF Prize laureate YUAN Junying (female), CAS Academician HU Hailan (female), and other distinguished scientists will share their latest findings. Focusing on major cerebral diseases, including Alzheimer’s disease, Parkinson’s disease, and depression, the forum will adopt a “3+1” structure, comprising three disease-focused sessions and one session dedicated to translational medicine, under the theme “The Next Decade: From Neuroscience Discoveries to Translational Medicine Breakthroughs.”

The Aerospace Forum is jointly hosted by the Chinese Society of Astronautics, the International Astronautical Federation (IAF), and Shanghai Jiao Tong University, with support from the Shanghai Institute of Technical Physics and the Innovation Academy for Microsatellites, both under the Chinese Academy of Sciences. Christian FEICHTINGER, Executive Director of the IAF, and CAS Academician HAN Jiecai, President of Harbin Institute of Technology, will serve as co-chairs. Sir Martin SWEETING, Academicians WANG Jianyu and LI Dong, and other experts will participate in the discussions. Under the theme “The Next Decade: Explore Universe, Benefit Humanity,” the forum aims to build an interdisciplinary hub for an increasingly interconnected space sector, linking overarching strategy, frontier technologies, engineering applications, and international cooperation.

The Artificial Intelligence Forum is jointly hosted by East China Normal University, the Chinese Association of Automation, and the China Institute of Communications, with support from Cambricon Technologies and Journal on Communications. CAS Academician HE Jifeng and Turing Award laureate Joseph SIFAKIS will serve as co-chairs. Turing Award laureates Martin HELLMAN and Jack DONGARRA, alongside industry representatives including CHEN Yunji and GAO Quanzhong, will participate in the discussions. Under the theme “The Next Decade: The Evolution and Governance of Artificial Intelligence,” the forum will place equal emphasis on technological innovation and ethical governance. Discussions will focus on cutting-edge technologies such as trustworthy AI, high-performance computing, AI chips, and humanoid robotics, as well as common challenges in global AI governance, aiming to help build a fair and equitable governance framework.

The Future Energy Forum and Watt Annual Meeting are jointly hosted by Fudan University, Watt, the Chinese Society for Electrical Engineering, CATL’s 21C Lab, and other organizations. Under the theme “The Next Decade: Future Energy, Energy Storage, and Computing Power Centers,” the forum will bring together the academic publishing community and industry to help translate research breakthroughs into practical applications. It will focus on new energy technologies, large-scale energy storage, energy use in computing centers, and space-based photovoltaics. Nobel laureate in Physics Konstantin NOVOSELOV, Eni Award laureate Jürgen CARO, and other distinguished experts will present the latest advances in the field.

The Quantum Science Forum is jointly hosted by the Chinese Physical Society, Tongji University, and the University of Science and Technology of China. Academicians YANG Jinlong and PAN Jianwei, together with Sir Andre GEIM, will serve as co-chairs. Under the theme “The Next Decade: Toward Practical Quantum Computing,” the forum will bring together Nobel laureates, academy members from China and abroad, leading young researchers, and founders of quantum technology companies. Through exchanges across disciplines and from diverse perspectives, the forum will explore the key challenges, pathways, and development trends in translating quantum technologies from the laboratory into industrial applications.

Themed Events and Special Activities

This year’s WLF will feature four major themed events: the Young Scientists Forum, the SHE Forum, the Future Scientists Forum, and the World Top-Performing Incubator Conference. They will focus, respectively, on exchanges among young scholars, showcasing the contributions of women in science and technology, inspiring scientific curiosity among children and teenagers, and promoting the incubation and commercialization of scientific and technological research outcomes. Together, these events will foster dialogue across the full spectrum of scientific enlightenment, talent development, and industrial application, helping to drive future innovation.

The forum will further strengthen collaboration between universities and local partners in science, technology, and innovation, providing a strong impetus to Shanghai’s development. Closely aligned with Shanghai’s efforts to build an international center for science and technology innovation, it will arrange four science and technology tour routes to comprehensively showcase the city’s major research infrastructure and its latest achievements in collaboration among industry, universities, and research institutes.

A series of engaging side events will bring the appeal of science beyond the conference venue. The World Laureates HUB will provide an informal space for scientists to exchange ideas freely, allowing researchers from different fields to spark new ideas and explore collaborations across disciplines. A series of campus visits by WLF Prize laureates will bring leading scientists to campuses and the front lines of research. For the first time, the scientists will leave Shanghai and travel to the Guangdong-Hong Kong-Macao Greater Bay Area, where, at The Hong Kong Polytechnic University, they will meet students face to face, sharing their scientific ideas and the spirit of science with the younger generation.

CHEN Xin, vice chair of the Shanghai Association for Science and Technology, attended the press conference, along with senior representatives from the Lingang Special Area Administrative Committee, Fudan University, Shanghai Jiao Tong University, Tongji University, East China Normal University, Shanghai University, Lingang Laboratory, the Shanghai Lingang Science and Technology Innovation and Development Foundation, and the World Laureates Foundation, as well as more than 20 media representatives.

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SOURCE Yicai Global