ABB hopes to advance electrification in mining, industrial mobility, and marine propulsion
ABB has completed its acquisition of BrightLoop, advancing ABB's strategy to accelerate electrification in mining, industrial mobility, and marine propulsion
ABB has acquired a 93% controlling interest in BrightLoop, with the remaining 7% expected to be acquired by 2028.
BrightLoop was founded in 2010 in Paris, France, and has since built a reputation for its high-performance DC/DC converters, initially designed for motorsports and now used in every car on the ABB FIA Formula E grid.
These systems are now deployed in sectors where reliability, space, and weight are crucial to performance, including construction, mining, marine, aerospace, hydrogen, mobility, and defence.
Edgar Keller, president of ABB’s Traction division, said, “We’re very pleased to have successfully completed the acquisition of BrightLoop. It’s a significant milestone that strengthens our position in the electrification space and brings valuable expertise into ABB as we continue to support the transition to cleaner, more efficient transport systems.”
Florent Liffran, CEO of BrightLoop, said, “This is an exciting new chapter for BrightLoop and our 90 employees. With ABB’s global scale and shared commitment to innovation, we’re looking forward to accelerating our growth and continuing to deliver cutting-edge power electronics to the industries that need them most.”
