ABB announced May 4 that it’s completed its acquisition of Siemens’ low-voltage NEMA motor business. The transaction was originally announced last August, though financial terms of the transaction weren’t disclosed.
The affected lines of horizontal and vertical induction severe duty and general-purpose motors will be rebranded as ABB, and reintroduced to the market during 2Q23. The business employs around 600 people and generated revenues of approximately $63 million in 2021.
Buying this business is part of ABB 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 for ABB to better serve its global customers.
ABB reports the global NEMA motor industry, roughly $2.7 billion in size, comprises industrial electric motors primarily used in North America. NEMA motors are essential components used to run equipment in industries such as food and beverage, oil and gas, mining and aggregates, and water and wastewater.
