Items Tagged with 'ABB'

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ABB Acquires Siemens low voltage NEMA motor business.jpg

ABB acquires Siemens' NEMA motor business

This transaction is part of the Motion business area’s profitable growth strategy.
August 12, 2022

The business employs around 600 people and generated revenues of approximately $63 million in 2021. Financial terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2023.


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