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Announced

Completed

AcBel Polytech completed the acquisition of the power conversion division of ABB for $505m.

Financials

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Transaction Value£397m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Conventional Electricity

Acquisition

power conversion

Majority

Cross Border

Friendly

United States

Private

Single Bidder

Completed

Synopsis

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AcBel Polytech, a manufacturer of standard and custom switching power supplies, completed the acquisition of the power conversion division of ABB, a business conglomerate, for $505m. "We're thrilled to take this step in strengthening our power solution technology together with Power Conversion and to further cultivate a shared culture of innovation, driving even greater value for our customers. We believe that Power Conversion's growing presence with customers in the data center, supercomputing, and EV infrastructure space will also lead to additional opportunities for AcBel's product portfolio," Jerry Hsu, AcBel Chairman.

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