Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

ABB launches strategic review of its integrated DC power business

ABB launches strategic review of its integrated DC power business
FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen during the company's annual news conference in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann -
Euronews logo
Text size Aa Aa

ZURICH (Reuters) – ABB <ABBN.S> has launched a strategic review of its Integrated Direct Current Power business, the latest stage of the Swiss engineering company’s overhaul of its operations that has seen it ditch its solar inverter business.

The DC power business, which makes power converters for the telecoms industry, was acquired when ABB bought General Electric Industrial Solutions’ business in 2017.

“This, however, is not an indication that this process will definitely end in a transaction, nor a reflection on the timing and terms of any deal,” ABB said in a statement on Wednesday.

ABB is due to report its second quarter earnings on Thursday.

(Reporting by John Revill; Editing by Susan Fenton)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.