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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.

ABB India Share Price

7586.95 332.15 (4.58%)
22-Apr-2026 15:58 View Price Chart
Peers
Company Name CMP
Havells India 1350.50
Siemens 3845.10
Apar Inds 11819.50
ABB India 7586.95
Waaree Energies 3427.65
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