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ABB India signs agreement to acquire power electronics business of Gamesa Electric in Spain

19 Dec 2024 Evaluate

ABB India has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa to strengthen ABB’s position in the growing market for high-powered renewable power conversion technology. The acquisition will significantly expand ABB’s existing power conversion product and service offering to renewables OEMs and end users, with new portfolio and engineering assets that will support the profitable growth strategy of ABB’s Motion business area. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the second half of 2025. 

The offering ABB is acquiring is focused on electrical products for power conversion, and includes Doubly-fed induction generator (DFIG) wind converters, industrial battery energy storage system (BESS) and utility-scale solar power inverters. The transaction will complement ABB’s expertise with over 100 highly specialized engineers and two Spanish converter factories in Madrid and Valencia, for a total workforce of around 400 employees, including key resources in India, China, United States and Australia. 

ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.


ABB India Share Price

7155.70 125.75 (1.79%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1300.30
Siemens 3709.60
Apar Inds 11977.10
ABB India 7155.70
Waaree Energies 3487.20
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