The Muscles — Servo Motors & Actuators · The Embodied Stack — Robotics
ABBNY
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Swiss industrial — robotics + electrification (also a Choke 03 grid name)
What they do
Owns the third-largest industrial robot business in the world plus a top-3 grid electrification business. Spun off the e-mobility/EV charging segment in 2024. The robotics+grid combo gives it tailwinds on two of the biggest secular themes simultaneously. Less explosive upside than pure-plays, but lower drawdown risk.