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ABB to acquire PowerTech Converter business · Endata

◂ Announcements

Sep 19, 2022ACQUISITIONBerlin, Germany; Holzkirchen, Germany; Mount Olive, USA, Germany

ABB to acquire PowerTech Converter business

ABB announced it will acquire the PowerTech Converter (PTC) business, a supplier of auxiliary power converters for light rail and metros, from RCP. PTC has ~280 employees and generated ~€60 million in 2021 revenue.

Status

Announced

Productsauxiliary power converters for rail vehiclesPowerBriX with SiC technology

CompaniesABB acquirer RCP partner PowerTech Converter target

Sectors#Electrical Equipment

“Through the acquisition, ABB will expand its strong presence in the rail segment and will be better positioned to seize growth opportunities resulting from increasing industry demand for sustainable transport solutions.”new.abb.com

1 source
new.abb.comABB to acquire PowerTech Converter to expand its traction offering | News centerSep 19, 2022

Summarized from public sources; check the original articles before acting on it.

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