ABB Acquires Siemens NEMA Motors
ABB completes acquisition of Siemens
low voltage NEMA motor business
ABB announced today it has completed its acquisition of the Siemens low voltage NEMA motor business.The transaction was originally announced August 11, 2022, and financial terms of the transaction were not disclosed. The business employs around 600 people and generated revenues of approximately $63 million in 2021.
The acquisition of this business is part of the Motion business area’s profitable growth strategy. It strengthens ABB’s position as a leading industrial NEMA motor manufacturer, and 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 and reintroduced to the market during second quarter of 2023.
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The global NEMA motor industry, roughly $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 inapplications like those which move air, liquids, and units.
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November
2013
Baldwin Supplier - November 2014
[11/24/14 09:03 AM]
Why Choose and Independent Distributor?
[11/19/14 09:05 AM]
Sustaining Manufacturing All Stars of North Iowa
[11/17/14 09:08 AM]
October
September
August
Baldwin Supplier - August 2014
[08/25/14 09:56 AM]
Morning Affirmation by Dave LaRue
[08/20/14 10:03 AM]
July
Baldwin Supplier - July 2014
[07/29/14 10:08 AM]
Playtime in South Dakota by Dave LaRue
[07/25/14 10:11 AM]
June
May
April
Baldwin Supplier - April 2014
[04/23/14 10:22 AM]
New B2B Website
[04/22/14 10:24 AM]
A History of Independence and Service
[04/21/14 10:33 AM]
March
February
Baldwin Supplier - February 2014
[02/20/14 10:53 AM]
The Man on the Airplane by Dave LaRue
[02/18/14 10:56 AM]
January
