-+ 0.00%
-+ 0.00%
-+ 0.00%

ABB to Buy French Power Conversion Company Advantics

MT Newswires·07/15/2026 05:01:57
Listen to the news
05:01 AM EDT, 07/15/2026 (MT Newswires) -- ABB (ABBN.SW, ABB.ST) will buy Advantics, a France-based silicon carbide power electronics and advanced control systems company, for an undisclosed sum. Deal closing is expected in the fourth quarter, according to a Wednesday release. The acquisition is anticipated to boost the electrification and automation company's direct current portfolio.