ABB completed the acquisition of low voltage NEMA motor business from Siemens.

ABB, a global technology company, completed the acquisition of low voltage NEMA motor business from Siemens, a German multinational conglomerate corporation and industrial manufacturing company. Financial terms were not disclosed. “This bolt-on acquisition creates strong value for ABB’s NEMA motors division. Investing in the business and opening up sales opportunities in North America and especially Mexico will allow this business to be margin accretive to the ABB Motion business within 24 months,” Tarak Mehta, ABB Motion President.