ABB completes acquisition of Siemens' low-voltage NEMA motor business

ABB completed its acquisition of Siemens' low-voltage NEMA motor business (a carve-out of a ~$63M revenue unit) to strengthen its industrial motor platform. Equipment manufacturer M&A, not a trades roll-up.

“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. The business employs around 600 people and generated revenues of approximately $63 million in 2021.”

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