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

ABB closed its acquisition (announced Aug 2022) of Siemens' low-voltage NEMA motor business, a ~600-employee unit with ~$63M in 2021 revenue, to strengthen ABB's industrial NEMA motor position.

“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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