Ebner Stolz advises RCP on the sale of PowerTech Converter to ABB

• Power­Tech Con­ver­ter is a lea­ding supplier of au­xi­li­ary power con­ver­ters and af­ter­mar­ket ser­vices for the rail­way in­dus­try
• ABB to ac­quire Power­Tech Con­ver­ter to ex­pand its trac­tion of­fe­ring
• RCP suc­cess­fully exits its in­vest­ment in Power­Tech Con­ver­ter sup­por­ted by Eb­ner Stolz

Eb­ner Stolz has sup­por­ted in­vest­ment firm RCP on the sale of Power­Tech Con­ver­ter (PTC), a lea­ding supplier of au­xi­li­ary power con­ver­ter so­lu­ti­ons for light rail ve­hi­cles and me­tros. ABB an­noun­ced it will ac­quire the Power­Tech Con­ver­ter (PTC) busi­ness as an im­port­ant part of ABB Mo­tion’s ex­ter­nal growth stra­tegy.

RCP is an in­de­pen­dent and in­ter­na­tio­nally ope­ra­ting in­vest­ment firm ba­sed in Mu­nich that in­vests in cor­po­rate carve-outs and spin-offs across all in­dus­try sec­tors. The firm sup­ports its port­fo­lio com­pa­nies over the long term, pro­vi­ding ope­ra­tio­nal re­sour­ces in ad­di­tion to ca­pi­tal.

Eb­ner Stolz ac­ted as ex­clu­sive M&A ad­vi­sor to RCP th­roug­hout the ent­ire tran­sac­tion pro­cess of sel­ling the PTC busi­ness. FMDH ser­ved as le­gal ad­vi­sor to RCP.

PTC is head­quar­te­red in Ber­lin, Ger­many and has other fa­ci­li­ties in Holz­kir­chen, Ger­many and Mount Olive, USA. With around 280 em­ployees, the busi­ness ge­ne­ra­ted re­ve­nues of ap­pro­xi­mately €60 mil­lion in 2021. The com­pany was ac­qui­red by RCP in 2019 from Knorr-Bremse. Since then, it has been suc­cess­fully de­ve­lo­ped into a lea­ding supplier of au­xi­li­ary con­ver­ters which are es­sen­tial in the supp­le­ment of power nee­ded for vi­tal sys­tems that im­prove pas­sen­ger com­fort such as the HVAC sys­tem (hea­ting, ven­ti­la­tion and air con­di­tion), lighting, safety equip­ment, doors, as well as char­ging of the ve­hi­cle's bat­te­ries.

“We have ac­com­pa­nied Power­Tech Con­ver­ter over the past years and sup­por­ted ma­nage­ment in streng­the­ning the com­pany’s mar­ket po­si­tion, fos­te­ring in­no­va­tion in en­ergy ef­fi­ci­ent pro­ducts and tech­no­lo­gies. As a re­sult, PTC of­fers an ad­van­ced port­fo­lio in­clu­ding Power­BriX ba­sed on si­li­con car­bide (SiC) tech­no­logy. We are de­ligh­ted that ABB gave cre­dit to this de­ve­lop­ment and will sup­port the busi­ness in its fur­ther in­no­va­tion and growth jour­ney” said Ul­rich Radl­mayr, Ma­na­ging Part­ner of RCP.

Fi­nan­cial terms of the tran­sac­tion were not dis­clo­sed, and the deal is ex­pec­ted to close in the fourth quar­ter of 2022, sub­ject to cle­arance from re­le­vant re­gu­latory and anti-trust aut­ho­ri­ties.

Team Eb­ner Stolz: Mi­chael Eu­ch­ner (Pro­ject-lea­ding Part­ner), André La­ner (Pro­ject and Cu­st­omer Ma­na­ger), Sven Pur­sche, Ma­xi­mi­lian Thiel, To­bias Knip­ping

Press contact

Hen­ning Mar­bur­ger
Eb­ner Stolz
Holz­markt 1
50676 Co­lo­gne
Phone +49 221 20643-628
hen­ning.mar­bur­ger@eb­ner­stolz.de

Firm contact

Mi­chael Eu­ch­ner
Eb­ner Stolz
Kro­nen­straße 30
70174 Stutt­gart
Phone +49 711 2049 1268
mi­chael.eu­ch­ner@eb­ner­stolz.de

André La­ner
Eb­ner Stolz
Holz­markt 1
50676 Co­lo­gne
Phone +49 221 20643 863
An­dre.La­ner@eb­ner­stolz.de

About Ebner Stolz

Eb­ner Stolz is one of the lar­gest in­de­pen­dent mid­mar­ket au­diting and con­sul­ting firms in Ger­many and ranks among the top ten in the in­dus­try. The firm has de­ca­des of in-depth ex­pe­ri­ence in au­diting, tax con­sul­ting, le­gal con­sul­ting and ma­nage­ment con­sul­ting. This broad spec­trum is of­fe­red by 1,900 em­ployees in the ty­pi­cal mul­ti­di­sci­pli­nary ap­proach in all ma­jor Ger­man ci­ties and busi­ness cen­ters. As a mar­ket lea­der in the SME sec­tor, the firm pri­ma­rily ser­ves mid-si­zed in­dus­trial, com­mer­cial and ser­vice en­ter­pri­ses of all si­zes and in every sec­tor.

Eb­ner Stolz con­ducts cross-bor­der au­dit and con­sul­ting en­ga­ge­ments to­ge­ther with part­ners from Ne­xia In­ter­na­tio­nal, one of the world's ten lar­gest net­works of con­sul­ting and au­diting firms. Th­rough Ne­xia, Eb­ner Stolz is re­pre­sen­ted in over 125 coun­tries with 790 of­fices.