ABB Completes BrightLoop Acquisition to Scale Electrification in Mining, Off-Highway and Marine Markets

ABB completes BrightLoop acquisition to scale electrification in marine and other sectors

ABB, a multinational electrical engineering corporation, has announced its acquisition of BrightLoop, a French pioneer in advanced power electronics. The move is a step in ABB’s strategy to accelerate electrification across marine propulsion, mining and industrial mobility. Founded in 2010, BrightLoop has built a strong reputation for its DC-DC converters, originally developed for motorsport and now used in every car on the ABB FIA Formula E gri…

ABB completes BrightLoop acquisition to scale electrification in mining, off-highway and marine markets

ABB has officially completed its acquisition of BrightLoop, a French pioneer in advanced power electronics, marking a key step in ABB’s strategy to accelerate electrification across mining, industrial mobility and marine propulsion. The transaction gives ABB a 93% controlling interest in BrightLoop, with the remaining 7% expected to be acquired by 2028. Financial terms were not disclosed.

ABB completes BrightLoop acquisition to accelerate electrification in heavy industries

ABB has completed its acquisition of BrightLoop, advancing ABB's strategy to accelerate electrification in mining, industrial mobility, and marine propulsionABB has acquired a 93% controlling interest in BrightLoop, with the remaining 7% expected to be acquired by 2028.BrightLoop was founded in 2010 in Paris, France, and has since built a reputation for its high-performance DC/DC converters, initially designed for motorsports and now used in eve…