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New Deal


Announced

BeyondNetZero, GIC, Just Climate and Porsche to make a $325m investment in ABB E-mobility.

Financials

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Transaction Value£285m
Consideration TypeCash
Capital Owned-
Capital Bid For12%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

electronic components

Electronic Components and Equipment

Switzerland

Private

Acquisition

Cross Border

Friendly

Minority

Synopsis

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BeyondNetZero, a climate solutions fund of General Atlantic, GIC, a global institutional investor and Singapore’s sovereign wealth fund, Just Climate, a climate-led investment firm, and Porsche, a holding company with investments in the areas of mobility and industrial technology, agreed to make a $325m investment in ABB E-mobility, a global company in electric vehicle charging solutions. “We are delighted to see investors sharing our strong confidence and trust in the E-mobility business growth story. Furthermore, ABB remains committed to our strategy to separately list the business subject to constructive market conditions,” Björn Rosengren, ABB CEO.

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