ABB completes acquisition of Siemens low-voltage NEMA motor business

ABB completed its acquisition of the Siemens low-voltage NEMA motor business, a carve-out generating roughly $63 million in 2021 revenue, strengthening ABB's position as an industrial motor manufacturer. Financial terms were not disclosed.

“ZURICH — ABB completed its acquisition of the Siemens low-voltage NEMA motor business. The transaction was originally announced Aug. 11, 2022, and financial terms of the transaction were not disclosed.”

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