ABB Completes Acquisition of Siemens Low Voltage NEMA Motor Business Q2
May 3, 3034 ABB has announced 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…