ABB completes acquisition of Siemens low-voltage NEMA motor business
The global NEMA motor industry, roughly $2.7 billion in size, comprises industrial electric motors primarily used within North America, according to ABB Motion. NEMA motors are essential components used to run equipment in industries such as food and beverage, oil and gas, mining and aggregate, and water and wastewater and in applications like those which move air, liquids and units.
ABB completed its acquisition of the Siemens low-voltage NEMA motor business. The transaction was announced August 11, and financial terms of the transaction were not disclosed. The business employs around 600 people and generated revenues of approximately $63 million in 2021.
The acquisition of this business is part of the ABB Motion business area’s profitable growth strategy. It is designed to strengthen ABB’s position as an industrial NEMA motor manufacturer and strengthen the platform from which ABB serves its global customers.
The line of horizontal and vertical induction severe-duty and general-purpose motors will be re-branded as ABB and reintroduced to the market.
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