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ABB completes acquisition of Siemens' Wiring Accessories business in China · Endata

◂ Announcements

Mar 3, 2025ACQUISITIONChina

ABB completes acquisition of Siemens' Wiring Accessories business in China

ABB announced it has completed the acquisition of Siemens' Wiring Accessories business in China, which had over $150 million in revenue in 2024 and 350 employees. The transaction was announced on May 17, 2024, and financial terms were not disclosed.

Status

Completed

Productswiring accessoriessmart home systemssmart door lockshome automation products

CompaniesSiemens target ABB acquirer

Sectors#Electrical Equipment

“The business will be margin accretive to ABB and expand ABB’s portfolio with wiring accessories, smart home systems, smart door locks and further peripheral home automation products.”engineering.com

1 source
engineering.comABB acquires Siemens’ Wiring Accessories business in China - Engineering.comPuja MitraMar 3, 2025

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

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