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ABB India to acquire power electronics business from Siemens Gamesa · Endata

◂ Announcements

Dec 19, 2024ACQUISITIONMadrid and Valencia, Spain

ABB India to acquire power electronics business from Siemens Gamesa

ABB India signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa, including two converter factories in Madrid and Valencia and around 400 employees.

Jobs

400

Status

Announced

ProductsDFIG wind convertersbattery energy storage systemssolar power inverters

CompaniesSiemens Gamesa partner Siemens Gamesa target Gamesa Electric target ABB India acquirer

Sectors#Power Generation Equipment #Electrical Equipment

“This targeted acquisition is in line with our commitments to grow our portfolio for high-power renewable applications and support productivity in a low-carbon world.”capitalmarket.com

2 sources
capitalmarket.comABB India inks pact to acquire power electronics business from Siemens Gamesa| Capital Market NewsDec 19, 2024
business-standard.comABB India inks pact to acquire power electronics business from Siemens Gamesa | Capital Market News - Business StandardCapital MarketDec 19, 2024

Summarized from public sources; check the original articles before acting on it.

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