ABB To Acquire France's Brightloop
ReutersMay 21, 2025 9:58 AM
May 21 (Reuters) - ABB LTD ABBN.S :
TO ACQUIRE BRIGHTLOOP EXPANDING ITS OFF-HIGHWAY VEHICLE AND MARINE ELECTRIFICATION BUSINESS
ABB WILL ACQUIRE AN INITIAL 93% CONTROLLING INTEREST IN BRIGHTLOOP, AND EXPECTS TO ACQUIRE REMAINING 7% MINORITY INTERESTS IN 2028
FINANCIAL TERMS WERE NOT DISCLOSED
TRANSACTION IS EXPECTED TO CLOSE IN Q3 2025
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Further company coverage: ABBVG.UL
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