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ABB announced the acquisition of Advantics, a French provider of Silicon Carbide-based power conversion solutions, to expand its Direct Current portfolio for data centers, industrial microgrids, power generation and EV infrastructure. Financial terms were not disclosed; the transaction is expected to close by Q4 2026.
“ABB offers industry-leading Direct Current solutions, and Advantics' power converter technology and world-class engineering talent are a perfect match.”in.marketscreener.com
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