ABB's new CEO regulatory acquisitions Power-One program

Engineering group ABB has been appointed as the new Chief Executive Officer Ulrich Spiesshofer to succession outgoing JoeHogan. As ABB Group of Discrete Automation and Motion Control department is currently in charge, Spiesshofer has been responsible for overseeing the acquisition of California inverter manufacturer Power-One's plan.

Currently, Spiesshofer as ABB Discrete Automation and Motion Control department heads, in September, he will continue to outgoing CEO JoeHogan. Due to personal reasons, May Hogan announced his resignation, he will continue as a senior advisor to the Board of Directors in ABB work for a few months.

Under the supervision of the Hogan, ABB Group has expanded the scope of the photovoltaic business, just a few days ago, the company acquired California dc to ac power inverter manufacturer Power-One. The acquisition will enable Power-One to become ABB Discrete Automation and Motion division part. ABB Group, said the original plan for the acquisition will enable ABB to become the world's leading supplier of photovoltaic inverters.

2005, Spiesshofer joined ABB Group Executive Committee in 2009, he took over the Discrete Automation and Motion division, he led the department to double revenue and integrates Arkansas BaldorElectric company - which was the biggest one closing ABB Group

In comes naturally on the basis of development and acquisition, Spiesshofer in Discrete Automation and Motion Control departments of the other business expansion, helping the market to catch up the pace of development of the sector, and to enter new business areas http://www.gridtiepowerinverteronline.com/, such as electric vehicles and uninterruptible power supplies in order to better balance the region.