Corporate Update

Siemens Low Voltage NEMA Motor Business Acquired By ABB

Published: May 6, 2023
Author: DIGITAL MEDIA EXECUTIVE

Today, ABB declared that the purchase of Siemens’ low voltage NEMA motor division had been finalised. The deal’s financial details were kept a secret when it was first revealed on August 11, 2022. About 600 people work for the company, which in 2021 brought in about $63 million in revenue.

The purchase of this company is a successful expansion plan for the Motion business area. It improves ABB’s standing as a top industrial NEMA motor manufacturer and gives the company an even more solid foundation from which to better serve its clients across the world.

During the second quarter of 2023, the line of horizontal and vertical induction heavy-duty and general-purpose motors will be rebranded as ABB and reintroduced to the market.

The global NEMA motor industry is worth about $2.7 billion. industrial electric motors, which are mainly utilised in North America, are about $1 billion in size. other sectors including food and beverage, oil and gas, mining & aggregate, and water & wastewater, as well as other applications like those that move air, liquids, and units, NEMA motors are crucial components used to power equipment.ABB is a multinational technology firm that drives social and industrial change for a more prosperous and sustainable future. ABB pushes technological limits to raise performance to new heights by integrating software with its portfolio of electrification, robotics, automation, and motion solutions. ABB has a more than 130-year tradition of quality, and its 105,000 outstanding employees across more than 100 countries are the key to its success.ABB Motion keeps the globe moving while daily reducing energy use. We To enable the low-carbon future for customers, industries, and society, innovate and push the limits of technology. Our clients’ and partners’ customers and partners enjoy higher performance, safety, and dependability with our digitally enabled drives, motors, and services. We combine subject-matter knowledge and technology to provide the best drive and motor solution for a variety of applications across all industrial sectors. Because of our widespread presence, we can always be close to our customers. We continuously learn new things and get better, building on our more than 130 years of combined experience in electric powertrains.

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