ABB acquires Siemens’ NEMA motor business to better serve oil, gas industry
(WO) – ABB has completed its acquisition of the Siemens low-voltage NEMA motor business. The transaction was originally announced Aug. 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.
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 oil and gas and in applications like those which move air, liquids, and units.
ABB is a global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels.