ABB completes purchase of Power-One

ABB completes acquisition of Power-One solar inverters

ABB (NYSE: ABB) completed its $1 billion acquisition of solar inverter producer Power-One.

The deal was first announced on April 22 and will help position ABB to manufacture and supply solar inverters in the U.S., Canada and Central and South America. Power-One will gain access to ABB’s worldwide footprint for manufacturing and research and development capabilities.

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