| | |

AcBel Completes Acquisition of the Power Conversion Division of ABB

AcBel Completes Acquisition of the Power Conversion Division of ABB

July 10, 2023

AcBel Completes Acquisition of the Power Conversion Division of ABB

AcBel Polytech Inc. has announced the successful 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 clearance.

Power Conversion is based in Plano, Texas, USA, with manufacturing facilities located in Mexico, China, and India. Having rich experience in serving the U.S. telecom market, Power Conversion has been essential to powering multiple generations of U.S. telecom infrastructure. The opportunities brought by the rollout of 5G networks present massive growth opportunities for Power Conversion given its leadership in technology, product quality, reliability, and life cycle services. In addition to telecom, the business is well positioned and currently capitalizing on key technology megatrends such as the increased use of cloud computing, manufacturing automation, supercomputing, and EV 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,” said Jerry Hsu, Chairman of AcBel. “We believe that Power Conversion’s growing presence with customers in the data center, supercomputing, and EV infrastructure space will also lead to additional opportunities for AcBel’s product portfolio.”

Jerry Hsu, Chairman of AcBel

The acquisition furthers AcBel’s commitment to creating cutting-edge technology and expands its expertise in system solutions, which are designed to fuel strong 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.


Related Story

Research Reveals Energy Concerns Impacting Business Competitiveness, The Workforce and Decarbonization

Research shows that businesses around the world remain concerned about the impacts of energy security and prices, which could be a catalyst for a range of environmental, social and economic ripple effects. According to ABB Electrification’s Energy Insights survey1 of 2,300 leaders from small and large businesses across a range of sectors, 92 percent of respondents feel that the continuing instability of energy is threatening their profitability and competitiveness. Energy costs and insecurity are having a significant impact on the workforce with decreased investment in employees. Business leaders are also concerned about potential impacts of meeting their sustainability targets.  

Related Articles

Editor’s Pick: Featured Article

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s scalable engineering software, u-control 2000, adapts individually to your requirements. And, the u-control is powerful, compact and fully compatible with Weidmüller’s I/O system u-remote. This article looks at what makes u-control the heart of your automation.

Programmable logic controllers (PLCs) are one of the main components of any automated system. A typical control system has inputs, outputs, controllers (i.e., PLCs), and some type of human interaction with the system, a human machine interface (HMI), for example.

Read More

Latest Articles

  • Noark Electric: Understanding 80% Vs. 100% Rated Circuit Breakers

    November 29, 2023 Noark Electric clears up the misunderstanding of 80% Vs. 100-% rated circuit breakers. When it comes to electrical installations and maintenance, safety is of utmost importance. Even among professionals in the field, there is often a misunderstanding between 80% and 100% rated circuit breakers and their applications in panel design. Electrical original… Read More…

  • ANCA’s FX7 ULTRA: Ultra Impressive and Ultra Precise. Innovation at its Finest

    November 29, 2023 By Krystie Johnston ANCA’s passion for technology and innovation, combined with their manufacturing expertise has made them a world-leader for flexible CNC tool grinders and cutters, and they are gaining attention in Canada. From Melbourne, Australia to a world-leading manufacturer ANCA is a world-leading designer and manufacturer of high-quality innovative products and… Read More…