RCP successfully completes the sale of PowerTech Converter to ABB

RCP has completed the sale of PowerTech Converter to ABB following signing of a definitive agreement in September 2022.

Munich (Germany), December 1st, 2022 – RCP signed a definitive agreement in September 2022 to sell its PowerTech Converter (PTC) business to ABB. PTC is an innovative leading supplier of auxiliary power converters and aftermarket services for the railway industry. The acquisition expands ABB Traction division’s market access and complements its technology and product portfolio.

The completion of the transaction was subject to customary regulatory approvals and other closing conditions. Closing of the transaction occurred on December 1, 2022. The PowerTech Converter business now operates as part of ABB Motion’s Traction division.


About RCP

Based in Munich, Germany, RCP is an independent and internationally operating private equity firm for alternative investments across industries in Europe. RCP’s investment focus is on special situations such as carve-outs, unresolved successions, and turnaround situations. For further information: www.rcp-invest.com

About PowerTech Converter

PowerTech Converter is headquartered in Berlin, Germany, and has further locations in Holzkirchen, Germany, and Mount Olive, USA. With around 280 employees, the company develops and manufactures auxiliary power converters and aftermarket services for the railway industry worldwide, generating revenues of approximately €60 million in 2021. For further information: www.powertech-converter.com

About ABB

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. For further information: www.abb.com


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