ABB Acquires Trasfor Group
ABB, the leading power and automation technology group, announced that it has completed its acquisition of the Trasfor Group.
Trasfor is a leading producer of dry-type transformers and inductors for low-voltage and medium-voltage applications. The company makes specialty products for drives, railway rolling stock, offshore wind power and other renewable energy based power generation as well as a range of industries such as marine, oil and gas.
The acquisition strengthens ABB’s transformer business, broadens the customer offering and extends the company’s market presence. Trasfor’s product range complements ABB’s transformer portfolio and offers scope for synergies and growth.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 130,000 people.
Source: abb , October 4, 2011