ABB to acquire Siemens' low-voltage NEMA motor business

ABB signed an agreement to buy Siemens' low-voltage NEMA motor business (about 600 employees, ~$63M 2021 revenue), described as a bolt-on for ABB's NEMA motors division, with closing expected Q2 2023.

“ABB signed an agreement to purchase Siemens’ low voltage NEMA motor business.”

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