ABB calls Siemens NEMA motor deal a bolt-on for its Motion business

ABB's Motion business-area president characterized the purchase as a bolt-on acquisition expected to be margin accretive within 24 months, framing it as part of the division's growth strategy.

““This bolt-on acquisition creates strong value for ABB’s NEMA motors division,” said Tarak Mehta, president, ABB Motion.”

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