◂ Announcements

Dec 1, 2022ACQUISITIONGermany

ABB completes acquisition of Powertech Converter Holding from RCP Group

ABB Ltd completed the acquisition of Powertech Converter Holding GmbH from RCP Group GmbH on December 1, 2022. Powertech had revenues of approximately €60 million in 2021.

Status

Completed

Productspower converters

CompaniesABB acquirer RCP partner PowerTech Converter target

Sectors#Electrical Equipment

“ABB Ltd (SWX:ABBN) completed the acquisition of Powertech Converter Holding Gmbh from RCP Group GmbH on December 1, 2022.”marketscreener.com

1 source
marketscreener.comABB Ltd completed the acquisition of Powertech Converter Holding Gmbh from RCP Group GmbH.MarketScreenerNov 30, 2022

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

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ABB completes acquisition of Powertech Converter Holding from RCP Group · Endata