Mentech, China to acquire 60% stake in ChargeDot, ABB’s charging business
On August 4, ABB E-mobility and Dongguan Mentech Optical & Magnetic Co., Ltd. (Mentech) announced that Mentech has signed a definitive agreement to acquire a 60% majority stake in ChargeDot, ABB E-mobility's AC home-and-workplace charging business. ABB E-mobility will retain a 40% share. The transaction is expected t