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 | 1350.50 |
| Siemens | 3845.10 |
| Apar Inds | 11819.50 |
| ABB India | 7586.95 |
| Waaree Energies | 3427.65 |
| View more.. | |
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