ABB completes acquisition of Power-One More>>

Zurich, Switzerland, July 25, 2013 - ABB (NYSE: ABB), the leading power and automation technology group, and Power-One, Inc., a leading provider of renewable energy and of energy-efficient power conversion and power management solutions, confirmed that ABB has completed its previously announced acquisition of Power-One.

The transaction positions ABB as a leading global supplier of solar inverters, which play a critical role in converting the sun′s energy into electric current and controlling its flow into the power system. Power-One has one of the market′s most comprehensive offerings of solar inverters, ranging from residential to utility applications, and a broad global manufacturing footprint. It also has a power solutions portfolio that is adjacent to ABB′s business. Power-One employs almost 3,500 people, mainly in China, Italy, the United States and Slovakia..

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