# ABB completes acquisition of Gamesa Electric's power electronics business

ABB completed its acquisition of Gamesa Electric's power electronics business in Spain from Siemens Gamesa. The business reported annual revenues of approximately €145 million. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2024-11-14
- Where: Spain, Spain
- Jobs: 400
- Status: completed
- Capacity: 40 GW of power conversion capacity
- Products: power electronics
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Siemens Gamesa](https://endata.com/companies/1539.md) (partner)
- [Siemens Gamesa](https://endata.com/companies/1539.md) (target)
- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [Gamesa Electric](https://endata.com/companies/7690.md) (target)

## Sources

- [gamesaelectric.com](https://www.gamesaelectric.com/news-and-media/), 2024-11-14: "ABB announced today the completion of its acquisition of Gamesa Electric’s power electronics business in Spain from Siemens Gamesa, originally announced on December 18, 2024."
- [new.abb.com](https://new.abb.com/news/detail/122309/abb-to-acquire-power-electronics-business-of-gamesa-electric), 2024-12-18: "ABB announced today it has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa to strengthen ABB’s position in the growing market for high-powered renewable power conversion technology."
- [pv-magazine.com](https://www.pv-magazine.com/2024/12/18/abb-to-acquire-gamesas-power-electronics-storage-business/), 2024-12-18: "The acquisition will significantly expand ABB's existing power conversion product and service offering to renewables OEMs and end users."
- [gamesaelectric.com](https://www.gamesaelectric.com/abb-acquires-gamesa-electrics-power-electronics-business/), 2024-12-18: "Our integration into ABB will foster the growth of the power electronics business, enhancing our capacity for innovation and competitiveness in the renewable energy market."

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