# ABB to acquire Siemens' Wiring Accessories business in China

ABB has signed an agreement to acquire Siemens' Wiring Accessories business in China, which generated over $150 million in revenues in 2023 and includes more than 350 employees. The acquisition will broaden ABB's market reach in smart buildings.

- Type: Acquisition
- Announced: 2024-05-17
- Where: China, China
- Jobs: 350
- Status: announced
- Products: wiring accessories, smart home systems, smart door locks, home automation products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [new.abb.com](https://new.abb.com/news/detail/115729/abb-expands-electrification-portfolio-with-acquisition-of-siemens-wiring-accessories-business-in-china), 2024-05-17: "ABB announced today it has signed an agreement to acquire Siemens' Wiring Accessories business in China."

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