Low-voltage NEMA motor acquisition completed
ABB has completed its acquisition of the Siemens low voltage National Electrical Manufacturers Association (NEMA) motor business.
ABB announced it has completed its acquisition of the Siemens low voltage National Electrical Manufacturers Association (NEMA) motor business. The transaction was originally announced August 11, 2022. Financial terms of the transaction were not disclosed. The business employs around 600 people and generated revenues of $63 million in 2021. The acquisition of this business is part of the Motion business area’s profitable growth strategy. The acquisition is intended to strengthen ABB’s position as an industrial NEMA motor manufacturer.
The line of horizontal and vertical induction severe duty and general purpose motors will be re-branded as ABB and reintroduced to the market during second quarter of 2023.
The global NEMA motor industry, roughly $2.7 billion in size, comprises industrial electric motors primarily used within North America. NEMA motors are used to run equipment in industries such as food and beverage, oil and gas, mining & aggregate and water & wastewater. They are used in applications such as those that move air, liquids and units.
– Edited from an ABB press release by CFE Media and Technology.
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