Acquiring Company
AcBel
Acquired Company
ABB
ZurichManufacturingEnergyRenewable EnergySolarEnergy StorageManufacturingInformation TechnologyRoboticsIndustrial AutomationDescription
AcBel Polytech Inc. ("AcBel") (TWSE: 6282) announced the successful completion of its acquisition of ABB Ltd's ("ABB") (SWX:ABBN) Power Conversion division ("Power Conversion"). The closing of the transaction follows the satisfaction of all conditions precedent, including CFIUS clearance.
Quick answer
AcBel is acquiring ABB, announced July 5, 2023.
- How much did AcBel pay for ABB?
- The deal value was not disclosed.
- What does AcBel do?
- AcBel is a leading provider of switching power supply solutions for a wide range of applications including PCs, smart home appliances, smartphones, servers, and networking equipment.
- Where are AcBel and ABB based?
- ABB is based in Zurich, Zurich, Switzerland.
Source: Fundz verified event record.
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Who to call at AcBel, and when
When AcBel changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day AcBel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at AcBel, from your own LinkedIn network
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Fundz sees it the moment AcBel makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired ABB?
ABB was acquired by AcBel. The deal was reported on July 5, 2023. AcBel is a leading provider of switching power supply solutions for a wide range of applications including PCs, smart home appliances, smartphones, servers, and networking equipment. AcBel is privately held and operates in Manufacturing.
When did AcBel acquire ABB?
AcBel's acquisition of ABB was reported on July 5, 2023. AcBel Polytech Inc. ("AcBel") (TWSE: 6282) announced the successful completion of its acquisition of ABB Ltd's ("ABB") (SWX:ABBN) Power Conversion division ("Power Conversion"). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ABB do?
ABB Ltd is an electrification and automation technology company headquartered in Zurich, Switzerland. It is publicly traded (ABBNY), operating in Manufacturing, and is based in Zurich.
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