Announced
Completed
Financials
Sources
Tags
Acquisition
Majority
Renewable Energy Equipment
Private
power converter
Cross Border
Friendly
Germany
Single Bidder
Completed
energy solutions
Synopsis
ABB, a global technology company, completed the acquisition of PowerTech Converter, a auxiliary power converter solutions provider. Financial terms were not disclosed. “Through the acquisition, ABB will expand its strong presence in the rail segment and will be better positioned to seize growth opportunities resulting from increasing industry demand for sustainable transport solutions,” Tarak Mehta, ABB President.
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