Acbel Completes Acquisition Of The Power Conversion Division Of Abb
07/05/23, 2:01 PM
Industry
energy storage
solar
renewable energy
energy
manufacturing
AcBel Polytech Inc. ("AcBel") (TWSE: 6282) announced the successful completion of its acquisition of ABB Ltd's ("ABB") (SWX:ABBN) Power Conversion division ("Power Conversion"). The closing of the transaction follows the satisfaction of all conditions precedent, including CFIUS clearance.
Company Info
Company info
AcBel is a leading provider of switching power supply solutions for a wide range of applications including PCs, smart home appliances, smartphones, servers, and networking equipment. In recent years, AcBel also accelerated its investment in clean and efficient energy solutions for electric vehicles and solar farms, which has enabled AcBel to become a comprehensive power technology expert from power generation and energy storage to high-efficiency power supplies. The company's mission is to support customers by delivering a competitive edge and revealing new opportunities in today's smart, always power-available, and data-intensive world while promoting sustainable collaboration with the supply chain, strategic partners, and customers. www.acbel.com