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