ABB to acquire Siemens low-voltage motor business in Mexico

ABB plans to purchase Siemens' low-voltage NEMA motor business in Guadalajara, Mexico, which employs around 600 people and has revenues of about $63 million. The deal is expected to close in Q2 2023.

“This bolt-on acquisition creates strong value for ABB’s NEMA motors division.”magneticsmag.com

• 1 source
• magneticsmag.comABB to Acquire Siemens Low-Voltage Motor Business in Mexico - Magnetics MagazineEditorial StaffOct 3, 2022

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