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ABB Asea Brown Boveri Ltd Affolternstrasse 44 8050 Zurich, Switzerland http://www.abb.com
Contact Mr Antonio Ligi +41 43 317 65 68
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ABB Asea Brown Boveri Ltd

ABB completes public tender offer for Newave Energy Holding SA

(PresseBox) (Zurich, )
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.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.