AcBel Polytech acquires ABB's Power Conversion division for $505M

AcLeap Power Inc., a subsidiary of AcBel Polytech, completed the acquisition of ABB's Power Conversion division for $505 million in cash on July 3, 2023.

“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

• 2 sources
• marketscreener.comAcBel Polytech Inc. acquired GE Power Electronics, Inc. from ABB Ltd for $505 million. | MarketScreenerS&P Capital IQJul 2, 2023
• acbel.comAcBel Completes Acquisition of the Power Conversion Division of ABB|ACBEL POLYTECH INC.MINMAXJul 3, 2023

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