ABB to acquire Italian transformer manufacturer Specialtrasfo
ABB has signed an agreement to acquire Specialtrasfo S.p.A., an Italian manufacturer of specialised medium-voltage transformers with installations across more than 70 countries. Financial details of the transaction were not disclosed. Founded in 1946 and headquartered in Agrate Brianza near Milan, Specialtrasfo operates three manufacturing facilities in northern Italy and employs around 130 people. The…