ABB Ltd (NYSE: ABB) agreed to sell its non-core Power Conversion division to AcBel Polytech Inc for $505 million in cash. The transaction will likely close in the second half of 2023. Upon closing ...

ABB has sold its U.S.-based power conversion business to AcBel Polytech Inc for $505 million, the Swiss engineering and technology company said on Friday. Skip to main content.

Swiss engineering firm ABB has said that it will buy Californian solar energy firm Power-One for $1bn (£656m) The firm makes "inverters", which convert the direct current generated by solar cells ...