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.
| Company Name | CMP |
|---|---|
| Havells India | 1188.25 |
| Siemens | 3503.15 |
| Apar Industries | 14086.80 |
| ABB India | 6833.55 |
| Waaree Energies | 2922.10 |
| View more.. | |
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