AcBel Polytech to buy ABB power conversion unitBy Chen Cheng-hui / Staff reporterPower management solutions provider AcBel Polytech Inc (康舒科技) announced on Friday that it would acquire a 100 percent stake in ABB Ltd’s power conversion division for US$505 million in cash. The Taiwanese firm said the Swiss engineering group’s power conversion division is a leading provider of power products, systems and services. Kinpo Group chairman Rock Hsu, left, and AcBel Polytech Inc chairman Jerry Hsu pose for a photograph in Taipei in an undated photograph. “By integrating ABB power conversion’s cutting-edge technologies and development expertise in system solutions, AcBel will accelerate its progress of expanding into an integrated solutions provider,” the filing said. The Tamsui District (淡水), New Taipei City-based AcBel offers power solutions for a wide range of applications including PCs, smart home appliances, smartphones, servers, networking equipment, sustainable energy devices and electric vehicle-related products.

Source: Taipei Times January 21, 2023 17:07 UTC