M&A Deal Summary

ABB Acquires Powercorp

On November 15, 2011, ABB acquired renewable energy company Powercorp

Acquisition Highlights
  • This is ABB’s 1st transaction in the Renewable Energy sector.
  • This is ABB’s 2nd transaction in Australia.

M&A Deal Summary

Date 2011-11-15
Target Powercorp
Sector Renewable Energy
Buyer(s) ABB
Deal Type Add-on Acquisition

Target

Powercorp

Darwin, Australia
Powercorp is a renewable power automation company. Powercorp offers automation and intelligent control solutions to manage renewable energy generation in isolated grids, ensuring utility grade power quality and grid stability.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland

Category Company
Founded 1883
Sector Engineering
Employees109,930
Revenue 32.9B USD (2024)
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 14 of 39
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 36
Country: Australia M&A 2 of 2
Year: 2011 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-11 Trasfor SA

Lugano, Switzerland

Trasfor SA is a manufacturer of dry type transformers and inductors for low-voltage and medium-voltage applications. It provides specialty products for drives, railway rolling stock, offshore wind power and other types of power generation based on renewable energy, and in addition supplies a range of industries such as marine, oil and gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 Envitech Energies

Pointe-Claire, Quebec, Canada

Envitech Energies, Inc. is a supplier of rail electrical equipment and solutions for urban transportation applications, including traction rectifiers, traction power components, trackside braking energy absorption devices, automatic grounding and energy storage solutions.

Buy -