Zurich, Switzerland, July 12, 2011 — ABB agreed to acquire the Trasfor Group to expand its offering of specialty transformers and address fast growing markets and applications.
Trasfor is a manufacturer of dry-type transformers and inductors for low-voltage and medium-voltage applications. It provides specialty products for drives, railway rolling stock, offshore wind power and other types of power generation based on renewable energy, and in addition supplies a range of industries such as marine, oil and gas.
The Trasfor Group generated revenues of about $130 million in 2010 with about 380 employees. The company has a manufacturing unit close to Lugano, Switzerland, where it is based, and two additional plants in Italy. The parties agreed not to disclose the purchase price or any further financial details of the transaction.
Dry-type transformers are a growing part of the transformer business, and use materials such as resin for insulation instead of oil, making them less flammable and reducing impact on the environment.
The transaction is subject to customary regulatory approvals. ABB expects the closing to be completed during the second half of this year.