May 21 (Reuters) - ABB LTD :

* TO ACQUIRE BRIGHTLOOP EXPANDING ITS OFF-HIGHWAY VEHICLE

AND

MARINE ELECTRIFICATION BUSINESS

* ABB WILL ACQUIRE AN INITIAL 93% CONTROLLING INTEREST IN

BRIGHTLOOP, AND EXPECTS TO ACQUIRE REMAINING 7% MINORITY

INTERESTS IN 2028

* FINANCIAL TERMS WERE NOT DISCLOSED

* TRANSACTION IS EXPECTED TO CLOSE IN Q3 2025

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(Gdansk Newsroom)