ABB Completes Sale of Power Conversion Division to AcBel

July 31, 2023

ABB has completed the divestment of its Power Conversion division to AcBel Polytech Inc. with an enterprise value of $505 million.

ABB expects to record a small non-operational book gain in Income from operations on the sale in the third quarter of 2023. With this transaction, ABB has completed all divisional portfolio divestments announced at the end of 2020.

The Power Conversion division is based in Plano, Texas, USA, and employs roughly 1,500 employees worldwide. It generated revenues of approximately $440 million and Income from operations of approximately $50 million in 2022.

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 megatrends such as the rollout of 5G networks, the increased use of cloud computing, and manufacturing automation.

Source

Related Articles


Changing Scene

  • ABB Designs Time-Saving ENT Fittings for Construction Projects

    ABB Designs Time-Saving ENT Fittings for Construction Projects

    As Canada’s construction industry prepares for long-term growth, durable, locally produced materials and efficient installation methods are propelling the industry forward. An essential component of building electrical systems, ABB Installation Products engineered new Carlon Flex-Plus Blue electrical non-metallic tubing (ENT) two-piece fittings to help speed and simplify conduit installations and meet demanding project timelines. Read More…

  • ABB Simplifies Electrical Installations With New Snap-in Fittings

    ABB Simplifies Electrical Installations With New Snap-in Fittings

    The integration of smart technology, energy management systems and enhanced security features is reshaping the Canadian electrical industry. These installations often require electricians to work with new systems and products under tight project timelines, especially in high-demand sectors such as healthcare and commercial construction. To streamline installations, ABB Installation Products engineered new Iberville snap-in fittings… Read More…


Peers & Profiles