ABB to acquire Siemens low-voltage NEMA motor business
ABB is purchasing Siemens' low-voltage NEMA motor business, which has manufacturing operations in Guadalajara, Mexico, employing about 600 people and generating $63 million in 2021 revenue. The transaction is expected to close in Q2 2023.
Productslow-voltage NEMA motors
“This bolt-on acquisition creates strong value for ABB's NEMA motors division.”electricalmarketing.com
- 4 sources
- electricalmarketing.comABB to Acquire Siemens Low-Voltage NEMA Motor Business | Electrical MarketingAug 11, 2022
- automationmag.comABB Signs Purchase Agreement To Acquire Siemens NEMA Motor Business - Manufacturing AUTOMATIONSukanya Ray GhoshAug 22, 2022
- oemoffhighway.comABB to Acquire Siemens’ Low-Voltage NEMA Moto Business; Kohler Approves HVO Use in US | OEM Off-HighwayLori DitoroAug 24, 2022
- businessempresarial.com.peABB adquirirá el negocio de motores NEMA de baja tensión de Siemens – Business EmpresarialSep 3, 2022
Summarized from public sources; check the original articles before acting on it.
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