Tag Archives: AcBel Polytech Inc.

ABB Completes Divestment of Power Conversion Division to AcBel Polytech Inc. for $505 Million

Posted on 4, July 2023 by

(IN BRIEF) ABB has successfully completed the divestment of its Power Conversion division to AcBel Polytech Inc. for an enterprise value of $505 million. This transaction marks the completion of all divisional portfolio divestments announced by ABB in late 2020. … Read the full press release →

Posted in Business, Investment, Management, News, Switzerland, Technology

Tagged , ,