Independent journal on economy and transport policy
03:51 GMT+1
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ABB expands its presence in the railway sector with the acquisition of the PowerTech Converter
The German company provides auxiliary power converters and after-sales services
September 21, 2022
PTC, which has about 280 employees and in 2021 registered 60 millions of euros in revenues, has its headquarters in Berlin and others offices in Holzkirchen in Germany and Mount Olive in the United States. According to forecasts, the closing of the transaction is expected in the fourth quarter of this year subject to authorization by part of the competent authorities and antitrust.
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PTC, which has about 280 employees and in 2021 registered 60 millions of euros in revenues, has its headquarters in Berlin and others offices in Holzkirchen in Germany and Mount Olive in the United States. According to forecasts, the closing of the transaction is expected in the fourth quarter of this year subject to authorization by part of the competent authorities and antitrust.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
