Siemens Gamesa: to sell power electronics to ABB
(CercleFinance.com) - Siemens Gamesa announces the sale of its power electronics business to ABB, including 400 employees and two plants in Spain, with assets in the US, China, India and Australia.
The agreement excludes Gamesa Electric's generator division.
A long-term partnership will see ABB supply power electronics for Siemens Gamesa turbines.
The transaction, which is set to close in 2025, subject to regulatory approvals, is in line with Siemens Gamesa's strategy of focusing on its core business.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The agreement excludes Gamesa Electric's generator division.
A long-term partnership will see ABB supply power electronics for Siemens Gamesa turbines.
The transaction, which is set to close in 2025, subject to regulatory approvals, is in line with Siemens Gamesa's strategy of focusing on its core business.
Copyright (c) 2024 CercleFinance.com. All rights reserved.