ABB (ABBN.VX), the leading power and automation technology group today announced that is has completed the public tender offer for Newave Energy Holding SA (NWEN.S), a Switzerland based leader in uninterruptible power supply (UPS). The transaction, which was announced on December 12, 2011, was valued at CHF 170 million.
The acquisition of Newave advances ABB's strategy to strengthen its position in the power control and quality market and it facilitates the sale of Newave products and services beyond their traditional markets in Europe through ABB's worldwide distribution network.
Newave is well known in Europe as an innovative and successful manufacturer
The acquisition of Newave advances ABB's strategy to strengthen its position in the power control and quality market and it facilitates the sale of Newave products and services beyond their traditional markets in Europe through ABB's worldwide distribution network.
Newave is well known in Europe as an innovative and successful manufacturer
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