ABB to Acquire Siemens Low Voltage NEMA Motor Business

#ABB #Siemens #MotorBusiness #NEMA

Source: ABB

“We look forward to adding the Siemens low voltage NEMA motor portfolio to our existing offering of ABB and Baldor-Reliance industrial electric motors.” - Jesse Henson, President, ABB NEMA, Motors division

August 2022 : ABB has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and experienced operations, sales, and management team. The business employs around 600 people and generated revenues of approximately $63 million in 2021. The financial terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2023.

This transaction is part of the Motion business area’s profitable growth strategy, and it will allow the NEMA motors division to enhance its product offering, expand its supply chain relationships, and improve support to its North American customer base.

It also offers the opportunity to better support the customers in Mexico with local manufacturing and sales. ABB expects to benefit from identified synergies and to use the R&D expertise, supply chain relationships, and market access to bring the combined portfolio to its full potential.

Jesse Henson, President, ABB NEMA, Motors division, said, “We have long appreciated the quality and design of these motors. Now that we have met the leadership team behind them, I am even more confident that together we can grow our combined businesses faster than either of us could alone. We look forward to adding the Siemens low voltage NEMA motor portfolio to our existing offering of ABB and Baldor-Reliance industrial electric motors.”