# 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.

- Type: Acquisition
- Announced: 2022-12-01
- Where: Germany
- Status: completed
- Products: power converters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [RCP](https://endata.com/companies/52236.md) (partner)
- [PowerTech Converter](https://endata.com/companies/65371.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ABB-LTD-9365000/news/ABB-Ltd-completed-the-acquisition-of-Powertech-Converter-Holding-Gmbh-from-RCP-Group-GmbH-43710334/), 2022-11-30: "ABB Ltd (SWX:ABBN) completed the acquisition of Powertech Converter Holding Gmbh from RCP Group GmbH on December 1, 2022."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.