ABB Ltd (SWX:ABBN) agreed to acquire Powertech Converter Holding Gmbh from RCP Group GmbH on September 19, 2022. Powertech Converter Holding Gmbh generated revenues of approximately €60 million in 2021. Transaction is subject to clearance from relevant regulatory and anti-trust authorities.

Deal is expected to close in the fourth quarter of 2022. Michael Euchner of Ebner Stolz acted as exclusive M&A advisor to RCP. Fischer Mues Dittmer Heilmeier acted as legal advisor to RCP Group GmbH.

Dr. Ralph Dautel and Andreas Jobst of Rdt Dr. Dautel Steuerberatungsgesellschaft Mbh & Co. Kg acted as accountant to RCP Group GmbH