# 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.

- Type: Acquisition
- Announced: 2025-01-06
- Where: Madrid and Valencia, Spain, Spain
- Jobs: 400
- Status: announced
- Products: wind converters, battery energy storage systems, solar power inverters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [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

- [drivesncontrols.com](https://drivesncontrols.com/abb-buys-siemens-gamesas-power-electronics-business/), 2025-01-06: "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."
- [powerinfotoday.com](https://www.powerinfotoday.com/news-press-releases/abb-to-acquire-power-electronics-business-of-gamesa-electric/), 2025-01-07: "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.