# 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.

- Type: Acquisition
- Announced: 2022-10-03
- Where: Guadalajara, Mexico, Mexico
- Jobs: 600
- Status: announced
- Products: low-voltage NEMA motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [ABB](https://endata.com/companies/1547.md) (acquirer)

## Sources

- [magneticsmag.com](https://magneticsmag.com/abb-to-acquire-siemens-low-voltage-motor-business-in-mexico/), 2022-10-03: "This bolt-on acquisition creates strong value for ABB’s NEMA motors division."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.