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Stock impact report

ABB acquires controlling stake in InCharge Energy [Reuters]

ABB Ltd (ABB) 
Last abb ltd earnings: 7/25 12:46 am Check Earnings Report
US:NYSE Investor Relations: new.abb.com/investorrelations
Company Research Source: Reuters
The maker of industrial automation and factory robots said the acquisition built on an initial investment and took its stake in the company to approximately 60%. Founded in 2018 and based in California, InCharge Energy has around 50 employees and is active in the United States and Canada. "Together with InCharge Energy and its service-centric customer approach, we are ideally positioned to benefit from the significant future growth of the U.S. EV market," Frank Muehlon, president of ABB's E-mobility Division, said in a statement. Writing by Paul Carrel Editing by Miranda Murray Our Standards: The Thomson Reuters Trust Principles. Show less Read more
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