ABB to Acquire Siemens Low-Voltage NEMA Motor Business

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 an experienced operations, sales and management team.  The business employs around 600 people and generated revenues of approximately $63 million in 2021. Financial terms of the transaction…

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