The Swiss group ABB has entered into an agreement to buy the French BrightLoop, a company committed to the development of of power electronics. The acquisition - explained today The Swiss company - aims to accelerate the strategy of electrification in the fields of industrial mobility and of naval propulsion. The agreement provides for ABB to acquire initially 93% of BrightLoop's share capital, to obtain the remaining 7% in 2028. The transaction is expected to be completed during the third quarter of this year.

Founded in 2010 and headquartered in Paris, BrightLoop employs to about 90 people and in 2024 recorded a turnover of about 16 million euros. Among the products developed by the French company is A broad portfolio of high and low voltage DC/DC converters designed to handle bidirectional power flows with high efficiency, compactness and scalability. The solutions of the BrightLoop have been adopted in a wide range of industries including off-road transport, the naval sector, aerospace, hydrogen mobility and defense.