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ABB completes sale of Power Conversion division to AcBel

Press Release.

The Power Conversion division is based in Plano, Texas, USA, and employs roughly 1,500 employees worldwide. It generated revenues of approximately $440 million and Income from operations of approximately $50 million in 2022.

It is a global provider of end-to-end power conversion solutions for mission-critical applications in the telecommunications, data center, and industrial sectors. The business is well positioned and currently capitalizing on key technology megatrends such as the rollout of 5G networks, the increased use of cloud computing, and manufacturing automation.

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. In recent years, AcBel also accelerated its investment in clean and efficient energy solutions for electric vehicles and solar farms, which has enabled AcBel to become a comprehensive power technology expert from power generation and energy storage to high-efficiency power supplies. The company’s mission is to support customers by delivering a competitive edge and revealing new opportunities in today’s smart, always power-available, and data-intensive world while promoting sustainable collaboration with the supply chain, strategic partners, and customers.

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