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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

ABB to acquire Siemens Gamesa's power electronics business · Endata

◂ Announcements

Jan 6, 2025ACQUISITIONMadrid and Valencia, Spain, Spain

ABB to acquire Siemens Gamesa's power electronics business

ABB is buying Siemens Gamesa's power electronics business (Gamesa Electric) in Spain. The business has about 400 employees, factories in Madrid and Valencia, and revenues of around €170 million. The deal is expected to close in the second half of 2025.

Jobs

400

Status

Announced

Productswind convertersbattery energy storage systemssolar power inverters

CompaniesSiemens Gamesa target ABB acquirer Gamesa Electric target

Sectors#Electrical Equipment #Power Generation Equipment #Automation and Robotics

“ABB is buying Siemens Gamesa's power electronics business in Spain to strengthen its position in the booming market for high-power renewable energy conversion technologies.”drivesncontrols.com

2 sources
drivesncontrols.comABB buys Siemens Gamesa’s power electronics business - Drives&ControlsTony SacksJan 6, 2025
powerinfotoday.comABB to acquire power electronics business of Gamesa ElectricVenkat LJan 7, 2025

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

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Nov 11, 2024CONTRACToff Suffolk coast, United Kingdom$1.30B
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Nov 11, 2024CONTRACTHull, England, United Kingdom$1.30B
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Siemens Gamesa supplier Siemens Energy partner bbc.com

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