# 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.

- Type: Acquisition
- Announced: 2025-03-03
- Where: China
- Status: completed
- Products: wiring accessories, smart home systems, smart door locks, home automation products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [ABB](https://endata.com/companies/1547.md) (acquirer)

## Sources

- [engineering.com](https://www.engineering.com/abb-acquires-siemens-wiring-accessories-business-in-china/), 2025-03-03: "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."

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