ABB (Asea Brown Boveri) is a Swedish-Swiss multinational corporation with its registered office in Zurich, providing technology for power engineering and automation. In 2010 it placed 124th in the Forbes magazine ranking list. ABB is one of the largest technology companies and conglomerates in the world. It has over 124,000 employees in 100 countries and its turnover was 31.6 billion dollars in 2010. The company has been operating in the Czech Republic since 1992 and employs here almost 3,000 people.