27 Jul '13, 9pm

ABB Completes Acquisition Of Power-One via @SolarIndustry

of Power-One. ABB says the transaction, valued at over $1.02 billion, brings it into the global solar inverters marketplace. ABB's main businesses are in the power and automation industries. Power-One employs almost 3,500 people, mainly in China, Italy, the U.S. and Slovakia. "The acquisition of Power-One expands our renewables businesses," says ABB CEO Joe Hogan. "The combination of Power-One and ABB is fully in line with our 2015 strategy and creates a global player with the scale to compete successfully."

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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