AcBel Polytech to acquire ABB's Power Conversion division for $505M
AcBel Polytech Inc. (via AcLeap Power Inc.) entered into an agreement to acquire the Power Conversion division of ABB Ltd for $505 million in cash. The transaction is expected to close in the second half of 2023, subject to regulatory approvals.
Productspower conversion equipment
“The transaction will enable AcBel to strengthen its product portfolio, grow its customer base and enhance its local research development, manufacturing, commercial, and service capabilities in the United states.”marketscreener.com
- 5 sources
- marketscreener.comAcBel Polytech Inc. entered into an agreement to acquire GE Power Electronics, Inc. from ABB Ltd for $505 million. | MarketScreenerS&P Capital IQJan 19, 2023
- acbel.com.twAcBel Announces to Acquire the Power Conversion Division of ABB|ACBEL POLYTECH INC.MINMAXJan 20, 2023
- business-news-today.comABB to divest power conversion division to AcBel Polytech for $505mRaghuram KadariJan 23, 2023
- sullcrom.comS&C Advises AcBel Polytech in Deal To Acquire Power Conversion Division of ABB | Sullivan & Cromwell LLPFeb 1, 2023
- fmindustry.com
Summarized from public sources; check the original articles before acting on it.
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