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ABB Ltd Completes Acquisition of Power-One Inc

Thursday, 25 Jul 2013 04:30pm EDT 

ABB Ltd announced that it has completed its previously announced acquisition of Power-One Inc. The transaction positions ABB as a global supplier of solar inverters, which play a critical role in converting the sun's energy into electric current and controlling its flow into the power system. Power-One has one of the market's comprehensive offerings of solar inverters, ranging from residential to utility applications, and a broad global manufacturing footprint. It also has a power solutions portfolio that is adjacent to ABB's business. Terms of the transaction were not disclosed. 

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