ABB Completes Acquisition of Siemens Low Voltage NEMA Motor Business
(Image source: ABB Group)
The acquisition of this business is part of the Motion business area’s profitable growth strategy. It strengthens ABB’s position as a 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.
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 in applications like those which move air, liquids, and units.
Source: ABB Group