# 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.

- Type: Acquisition
- Announced: 2023-07-03
- Where: Plano, Texas, United States
- Value: $505.0M
- Status: completed
- Products: power conversion equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (partner)
- [ABB](https://endata.com/companies/1547.md) (target)
- [AcBel Polytech](https://endata.com/companies/67991.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ABB-LTD-9365000/news/AcBel-Polytech-Inc-acquired-GE-Power-Electronics-Inc-from-ABB-Ltd-for-505-million-44262597/), 2023-07-02: "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."
- [acbel.com](https://www.acbel.com/en/new/ec5Zx9BiWaPj8nYB/775Yn28xRENsfYI5?page=1), 2023-07-03: "AcBel Polytech Inc. announced the successful completion of its acquisition of ABB Ltd’s Power Conversion division."

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