The deal to acquire LiteOn Technology-backed Epyon Power follows ABB's purchase last year of US-based Ecotality to help it enter North America's electric vehicle charging market.
ABB, a Switzerland-based industrial equipment maker, has acquired Epyon Power, a Netherlands-based provider of power supplies for electric vehicles, for an undisclosed sum from its corporate venturing backers.
The deal follows ABB’s purchase last year of US-based Ecotality to help it enter North America’s electric vehicle charging market.
In November, Epyon had raised €7m ($10m) from Taiwan-based LiteOn Technology, local investors BOM and Breesaap, the investment fund of former Dutch Prime Minister Ruud Lubbers, and venture capital firms Chrysalix…
