ABB acquires Siemens motor business
10 May 2023 10:55
ABB has announced that it has completed its acquisition of the Siemens low-voltage NEMA motor business. The transaction was originally announced on August 11, 2022, but financial details were not disclosed. The business employs 600 members of staff, and generated sales of roughly $63 million in 2021. According to its own website, Siemens offers “the most comprehensive range of low-voltage motors worldwide” and has “a global network of production facilities and workshops” where they are used. Its production facility is based in Guadalajara, the capital of the Mexican state of Jalisco.
According to electrification and automation company ABB, this acquisition is “part of the Motion business area’s profitable growth strategy”. It will strengthen ABB’s position as a leading industrial NEMA motor manufacturer and provide an even stronger platform from which the company can serve its global customers.
The global NEMA motor industry, which has a volume of around $2.7 billion according to ABB, comprises industrial electric motors that are primarily used in North America. NEMA motors are key components of equipment used in industries such as food and beverage, oil and gas, mining and aggregate, and water and wastewater, and in applications that move air, liquids and units. NEMA stands for National Electrical Manufacturers Association, an American standards organization similar to the German Institute for Standardization (DIN) and International Organization for Standardization (ISO). ce/mm