ABB introduced it has signed an settlement to accumulate the ability electronics enterprise of Gamesa Electrical in Spain from Siemens Gamesa to strengthen ABB’s place within the rising marketplace for high-powered renewable energy conversion expertise. The acquisition will considerably broaden ABB’s current energy conversion product and repair providing to renewables OEMs and finish customers, with new portfolio and engineering belongings that can help the worthwhile development technique of ABB’s Movement enterprise space. The transaction is topic to regulatory approvals and customary closing circumstances and is predicted to shut within the second half of 2025. Monetary phrases weren’t disclosed.
The providing ABB is buying is concentrated on electrical merchandise for energy conversion, and contains Doubly-fed induction generator (DFIG) wind converters, industrial battery vitality storage system (BESS) and utility-scale solar energy inverters. The transaction will complement ABB’s experience with over 100 extremely specialised engineers and two Spanish converter factories in Madrid and Valencia, for a complete workforce of round 400 staff, together with key assets in India, China, United States and Australia.
“This focused acquisition is in keeping with our commitments to develop our portfolio for prime energy renewable purposes and help productiveness in a low-carbon world. It is going to broaden our engineering depth for energy conversion and grid connection, and can add vital alternative to service a big put in base,” mentioned Chris Poynter, president of ABB’s System Drives division. “With the acquisition of this enterprise we can be significantly better positioned to capitalize on the enlargement of the ability conversion marketplace for renewables whereas constructing on our relationship with Siemens Gamesa as a key buyer.”
Information merchandise from ABB
Trending Merchandise
