ABB completes acquisition of Siemens low-voltage NEMA motor business

ABB has completed its acquisition of the Siemens low-voltage NEMA motor business. Financial terms were not disclosed. The business employs about 600 people and generated revenues of about $63 million in 2021.

“ABB completed its acquisition of the Siemens low-voltage NEMA motor business.”pitandquarry.com

• 2 sources
• pitandquarry.comABB, Siemens complete transaction | Pit & QuarryKevin YanikMay 5, 2023
• powermotiontech.comABB Completes Acquisition of Siemens NEMA Motors | Power & Motion TechSara JensenMay 16, 2023

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