M&A Deal Summary

ABB Acquires Power-One

On April 22, 2013, ABB acquired electrical equipment company Power-One for 1.0B USD

Acquisition Highlights
  • This is ABB’s 9th transaction in the Electrical Equipment sector.
  • This is ABB’s 3rd largest (disclosed) transaction.
  • This is ABB’s 9th transaction in the United States.
  • This is ABB’s 4th transaction in California.

M&A Deal Summary
Date 2013-04-22
Target Power-One
Sector Electrical Equipment
Buyer(s) ABB
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Goldman Sachs (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Power-One

Camarillo, California, United States
website
Power-One designs and manufactures energy-efficient power conversion and power management solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, medical diagnostics, military, railway controls, semiconductor test equipment, and custom applications. Power-One, with headquarters in Camarillo, CA, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland

website

Category Company
Founded 1883
Sector Engineering
Employees104,000
Revenue 29.4B USD (2022)
DESCRIPTION
Entrance to ABB's headquarters in Zurich, Switzerland.
Entrance to ABB's headquarters in Zurich, Switzerland.

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 20 of 37
Sector (Electrical Equipment) 9 of 13
Type (Add-on Acquisition) 19 of 34
State (California) 4 of 5
Country (United States) 9 of 12
Year (2013) 2 of 6
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 APS Technology Group

San Diego, California, United States

APS Technology Group, Inc. is a provider of OCR and automation technology solutions for marine and intermodal terminals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 DynaMotive

Coalville, United Kingdom

DynaMotive Ltd. is a designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications and automotive test rigs.

Buy -
Mergr

Product

Company

Legal