ABB has completed its acquisition of the Siemens low voltage NEMA motor business. The company originally announced the transaction on August 11, 2022. However, it did not disclose the financial terms.

Accordingly, Siemens’ low voltage NEMA motor business employs around 600 people and generated revenues of approximately US$63 million in 2021.

Complements Growing Market

The acquisition of this business is part of the Motion business area’s profitable growth strategy. Particularly, it strengthens ABB’s position as a leading industrial NEMA motor manufacturer. Furthermore, it provides an even stronger platform from which ABB can better serve its global customers.

The line of horizontal and vertical induction severe duty and general purpose motors will be re-branded as ABB. Hence, they will be reintroduced to the market during second quarter of 2023.

The global NEMA motor industry, roughly US$2.7 billion in size, comprises industrial electric motors primarily used within North America. NEMA motors are essential components used to run equipment in industries such as food and beverage, oil and gas, mining & aggregate, and water & wastewater and in applications like those which move air, liquids, and units.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. Moreover, the company’s solutions connect engineering know-how and software. Hence, optimizing the manufacturing operations.