Power and automation technology group, ABB, has unveiled plans to acquire the Australian renewable power company Powercorp.
The value of the deal has not been disclosed.
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ABB said the acquisition will strengthen its portfolio of control technologies used to manage the integration of renewable energy sources.
Powercorp provides automation and intelligent control solutions to manage renewable energy generation in isolated grids, ensuring utility grade power quality and grid stability.
Peter Leupp, ABB head of power systems division, said Powercorp provides expertise for the integration of renewable energy generation into conventional micro and remote island grids.
The acquistion is expected to be finalised before the end of the year.
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