With manufacturing operations in Guadalajara, Mexico, the business employs around 600 people and generated revenues of approximately US$63 million in 2021. The acquisition extends ABB’s low voltage NEMA motor portfolio, brings a longstanding North American customer base, and adds an experienced operations, sales and management team.
This transaction will enhance the product offering of ABB’s NEMA motors division, expand its supply chain relationships, and improve support to its North American customer base. It also offers the opportunity to better support customers in Mexico with local manufacturing and sales. ABB expects to benefit from identified synergies, and to use the R&D expertise, supply chain relationships, and market access to bring the combined portfolio to its full potential.
The deal is expected to close in the second quarter of 2023.