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ABB to acquire US-based solar energy company Power-One

23 Apr 2013 Evaluate

ABB, power and automation technology firm is likely to acquire US-based solar energy company Power-One for over $1 billion. With this initiative, it aims to become a global leader in solar photo-voltaic inverters.

Both the firms have received their respective boards approval for the transaction in which ABB will acquire Power-One for $6.35 per share in cash or $1,028 million equity value, which includes Power-One’s net cash of $266 million.

ABB is a global leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.

Peers
Company Name CMP
Waaree Energies 2503.95
Apar Industries 17070.25
Havells India 1091.95
Suzlon Energy 42.13
Siemens 3748.10
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