ABB Acquires Controlling Interest in InCharge Energy, Strengthening its EV Charging Solutions in the U.S.
ABB Ltd (ABB)
Last abb ltd earnings: 7/25 12:46 am
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Source: Business Wire
As a leading provider of EV charging infrastructure, service and software solutions to commercial fleets, InCharge Energy will expand ABB’s smart and connected EV charging offeringTransaction expected to position ABB more strongly to benefit from significant investments in U.S. EV market with focus on sustainable fleet electrificationTransaction builds on ABB’s initial investment as part of series A venture capital funding and increases stake to approx. 60% ZURICH--(BUSINESS WIRE)--ABB today announced the acquisition of a controlling stake in electric vehicle (EV) commercial charging infrastructure solutions company InCharge Energy. The addition of InCharge Energy will strengthen ABB’s E-mobility Division in the North American market by broadening its customer base and expanding its fleet electrification software and digital services offering.The transaction is part of ABB E-mobility’s growth strategy and is intended to accelerate the expansion of its portfolio to include turnkey E
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