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

  • Labour Force Survey, March 2024 – Employment Shows Little Change

    Labour Force Survey, March 2024 – Employment Shows Little Change

    Employment was little changed in March (-2,200; -0.0%) and the employment rate fell 0.1 percentage points to 61.4%. The unemployment rate rose 0.3 percentage points to 6.1% in March. On a year-over-year basis, the unemployment rate was up by 1.0 percentage points. In March, employment declined among youth aged 15 to 24 (-28,000; -1.0%), while it rose among core-aged men (aged 25 to 54) (+20,000; +0.3%). Employment was little changed among core-aged… Read More…

  • Building Permits, February 2024

    Building Permits, February 2024

    Month over month, the total value of building permits in Canada increased 9.3% to $11.8 billion in February. The non-residential sector grew 12.3% to $4.7 billion due to the issuance of several major construction permits, while the residential sector increased 7.4% to $7.1 billion. Ontario (+21.7% to $5.0 billion) led the growth, with gains occurring across all components. On a constant dollar… Read More…


Peers & Profiles

  • Taken from Graybar Canada Linkedin Post Enjoy a glimpse of the wonderful moments from Graybar Canada’s recent customer appreciation BBQs! The company was grateful for the smiles and connections made with our amazing customers and vendors. They are looking forward to the next gathering! Source Read More…

  • Article taken from Linkedin Post Electrozad is thrilled to spotlight their Chatham Branch and recognize their exceptional efforts in cleaning up their community. The team took time to coordinate a community clean-up around their branch. This is a commendable initiative that not only helps maintain the cleanliness and hygiene around the branch but also contributes… Read More…