# 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.

- Type: Acquisition
- Announced: 2024-12-19
- Where: Madrid and Valencia, Spain
- Jobs: 400
- Status: announced
- Products: DFIG wind converters, battery energy storage systems, solar power inverters
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens Gamesa](https://endata.com/companies/1539.md) (partner)
- [Siemens Gamesa](https://endata.com/companies/1539.md) (target)
- [Gamesa Electric](https://endata.com/companies/7690.md) (target)
- [ABB India](https://endata.com/companies/16591.md) (acquirer)

## Sources

- [capitalmarket.com](https://www.capitalmarket.com/markets/news/mid-session-news/abb-india-inks-pact-to-acquire-power-electronics-business-from-siemens-gamesa/1568109), 2024-12-19: "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."
- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/abb-india-inks-pact-to-acquire-power-electronics-business-from-siemens-gamesa-124121900451_1.html), 2024-12-19: "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."

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