PowerTech Converter

Activity by year

20222023202420252026

Acquisition

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.
ABB acquirer RCP partner PowerTech Converter target #Electrical Equipment marketscreener.com
Sep 19, 2022ACQUISITIONBerlin, Germany; Holzkirchen, Germany; Mount Olive, USA, Germany
ABB to acquire PowerTech Converter business
ABB announced it will acquire the PowerTech Converter (PTC) business, a supplier of auxiliary power converters for light rail and metros, from RCP. PTC has ~280 employees and generated ~€60 million in 2021 revenue.
ABB acquirer RCP partner PowerTech Converter target #Electrical Equipment new.abb.com

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PowerTech Converter: plants, expansions, contracts and acquisitions · Endata