ABB Completes Acquisition of Siemens Low Voltage NEMA Motor Business

May 8, 2023

ABB Completes Acquisition of Siemens Low Voltage NEMA Motor Business

ABB recently announced it has completed its acquisition of the Siemens low voltage NEMA motor business. The transaction was originally announced August 11, 2022, and financial terms of the transaction were not disclosed. The business employs around 600 people and generated revenues of approximately $63 million in 2021.

About the Acquisition

The acquisition of this business is part of the Motion business area’s profitable growth strategy. It strengthens ABB’s position as a leading industrial NEMA motor manufacturer, and it 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 second quarter of 2023.

The 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.

Source

Related Story

ABB Q1 2023 Results

“ABB had a strong start to the year, with a positive development in most measures, including cash flow. This gives us the confidence to raise our 2023 guidance.” Björn Rosengren, CEO

Related Articles


Changing Scene

  • Nedco Introduces Jay Frezell as New General Manager at Nedco West

    Nedco Introduces Jay Frezell as New General Manager at Nedco West

    Nedco has announced Jay Frezell as the new General Manager of Nedco West, effective August 1st, 2024. “Jay brings over 25 years of experience in the datacom, power quality, and wire & cable industries. His impressive track record of success in distribution, sales, and manufacturing equips him with a deep understanding of our industry’s challenges and opportunities,”… Read More…

  • OmniCable Hires Jeremy Crosby as National Account Manager

    OmniCable Hires Jeremy Crosby as National Account Manager

    Omni Cable LLC is proud to announce the appointment of Jeremy Crosby as National Account Manager. In this role, Crosby will oversee one of OmniCable’s national accounts. “As someone who prioritizes continuous improvement, I am excited to be a part of a culture that pushes boundaries while maintaining a standard of service and accountability that… Read More…


Peers & Profiles