Numocity News
ABB Announces That The Company Has Acquired A Controlling Stake In India-Based Digital Platform Company, Numocity
ABB has announced that its E-mobility division has agreed to acquire a controlling stake in Numocity, a globally renowned digital platform for electric vehicle charging in India. ABB will increase its shareholding to a controlling majority of 72 percent and has the right to become sole owner by 2026. Financial terms of the transaction were not disclosed. The transaction is part of ABB E-mobility’s overall growth strategy and will significantly improve its position across India, as well as...