ABB E-mobility raises USD209 million in pre-IPO private placement to fund growth plans
ABB E-mobility plans to use the proceeds to continue the execution of its growth strategy, driven by both organic and M&A investments in hardware and software
ABB E-mobility, ABB’s EV charging solutions business, has raised approximately CHF200 million (USD209 million) via a pre-IPO private placement for newly issued shares, led by new minority investors, the company announced on 21 November 2022.
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