AcBel completes acquisition of the Power Conversion division of ABB
AcBel Polytech Inc., has announced the completion of its acquisition of ABB Ltd’s Power Conversion division. The closing of the transaction follows the satisfaction of all conditions precedent, including CFIUS (Committee on Foreign Investment in the United States) clearance.
Power Conversion is based in Plano, Texas, USA, with manufacturing facilities located in Mexico, China, and India. Having an experience in serving the U.S. telecom market, Power Conversion has been essential to strengthening multiple generations of U.S. telecom infrastructure. In addition to telecom, the business is currently capitalising on key technology megatrends such as the increased use of cloud computing, manufacturing automation, supercomputing, and EV (electric vehicle) charging infrastructure, providing further drivers for its business growth.
“We’re thrilled to take this step in strengthening our power solution technology together with Power Conversion and to further cultivate a shared culture of innovation, driving even greater value for our customers,” says Jerry Hsu, chairman of AcBel. “We believe that Power Conversion’s growing presence with customers in the data centre, supercomputing, and EV infrastructure space will also lead to additional opportunities for AcBel’s product portfolio.”
The acquisition furthers AcBel’s commitment to creating technology and expands its skill in system solutions, which are designed to fuel growth opportunities for customers in many of its core business sectors. Collaborating with Power Conversion will also allow AcBel to grow its customer base in the U.S., strengthen its local service capabilities, and extend its network of global manufacturing facilities.
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