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ABB to acquire Gamesa Electric’s Spanish power electronics division
The strategic move aims to strengthen ABB's position in the high-powered renewable power conversion technology market. It is expected to enhance ABB’s power conversion product range and service ...
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ABB sells its power conversion division for $505 million
ZURICH (Reuters) -ABB has sold its U.S.-based power conversion business to AcBel Polytech Inc for $505 million, the Swiss engineering and technology company said on Friday. Taiwan-based AcBel said ...
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Siemens Gamesa sells power electronics business to ABB
The acquisition is expected to expand ABB's existing power conversion product and service, as well as increase its serviceable power conversion installed base with the addition of around 40 gigawatts.