https://www.reuters.com/technology/exclusive-eu-mulls-new-unit-with-antitrust-veterans-enforce-tech-rules-sources-2022-07-28/
ABB to Acquire PowerTech Converter; Financial Terms Not Disclosed
ABB today announced it will acquire the PowerTech Converter (PTC) business, a leading supplier of auxiliary power converter solutions for light rail vehicles and metros. The acquisition is an important part of ABB Motion's external growth strategy.