ABB to acquire a 93% stake in Brightloop.

ABB, a technology in electrification and automation, agreed to acquire a 93% stake in Brightloop, a designer and manufacturer of power electronics systems. Financial terms were not disclosed. “This acquisition is a strategic leap forward in our mission to help transport industries operate leaner and cleaner. BrightLoop’s software-defined power platform and expertise in high-performance applications will allow us to deliver even more value to our customers as they transition to cleaner, smarter energy systems,” Edgar Keller, ABB’s Traction division President.