ABB Sells Power Conversion Division to AcBel Polytech Inc.

March 9, 2023

ABB has reached an agreement to sell its Power Conversion division to AcBel Polytech Inc. for $505 million in cash. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2023. 

The Power Conversion division, formerly Lineage Power, was acquired by ABB as part of the GE Industrial Solutions acquisition in 2018 and is not core to ABB. The division is based in Plano, Texas, USA, and employs roughly 1,500 employees worldwide, predominantly at three major sites and the US headquarters. 

It is a global provider of end-to-end power conversion solutions for mission-critical applications in the telecommunications, data center and industrial sectors. The business is well positioned and currently capitalizing on key technology mega trends such as the rollout of 5G networks, the increased use of cloud computing and manufacturing automation.

“We are very happy to have found an excellent new home for this specialized business that can go from strength to strength under the leadership of AcBel in the future,” said Björn Rosengren, ABB CEO. “We are also delighted to complete all divisional portfolio divestments announced at the end of 2020, including the sale of Dodge and the spin-off of Accelleron.”

Jerry Hsu, Chairman of AcBel commented: “We sincerely welcome Power Conversion to join the AcBel family. We believe this transaction is beneficial to both parties as we are highly complementary to each other in product portfolio, customer base and expertise. By combining AcBel’s core capabilities in smart manufacturing and original design manufacturing with Power Conversion’s cutting-edge technologies in premium and high-quality products along with its advanced system solutions, we will be able to establish a more comprehensive product portfolio and expand our solution offerings to continue to create value for our customers and investors.”

Citi is acting as exclusive financial adviser and Milbank LLP is serving as legal counsel to ABB on the transaction.

A Brief Look: AcBel Polytech Inc.

AcBel is a global manufacturer and designer of switching power supplies. Besides offering power solutions for a wide range of applications including PCs, smart home appliances, smartphones, servers, and networking equipment, AcBel also emphasizes opportunities in sustainable energy and electric vehicles. AcBel is headquartered in Taiwan with over 8,800 employees worldwide, the company aims to power the world with sustainable energy and high efficiency power supplies.

Source

Related Articles


Changing Scene

  • E.B. Horsman & Son Announces Maxim Laberge as New Process Instrumentation Manager

    E.B. Horsman & Son Announces Maxim Laberge as New Process Instrumentation Manager

    EB Horsman is excited to welcome Maxim Laberge as its new Process Instrumentation Manager. Maxim brings over 25 years of experience in electrical, instrumentation, and control systems, with a proven record in business development, client engagement, and strategic project leadership. He is known for his consultative approach, combining technical insight with a strong focus on… Read More…

  • E.B. Horsman & Son Announces Stephen Murray as New Calgary Branch Manager

    E.B. Horsman & Son Announces Stephen Murray as New Calgary Branch Manager

    EB Horsman & Son is pleased to announce the appointment of Stephen Murray as Branch Manager of its Calgary location, effective Tuesday, September 3, 2025. Stephen brings over two decades of experience in the industrial automation sector, where he has built a strong reputation for driving growth, expanding market presence, and developing high-performing teams. His… Read More…


Peers & Profiles