26 Jul 2023

ABB Completes Acquisition Of Siemens Low Voltage Nema Motor Business

ABB HAS COMPLETED ITS ACQUISITION OF THE Siemens low voltage NEMA motor business. The transaction was originally announced on August 11, 2022, and the 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 ABB’s Motion business area’s profitable growth strategy. It strengthens ABB’s position as a leading industrial NEMA motor manufacturer, and provides an even stronger platform from which ABB can better serve 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 during the second quarter of 2023.

global NEMA motor industry, roughly $2.7 billion in size, comprises industrial electric motors primarily used within North America. NEMA motors are essential components used to run equipment in industries such as food and beverage, oil and gas, mining & aggregate, and water & wastewater and in applications like those which move air, liquids, and units.

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