Switzerland-based industrial conglomerate ABB announced it has completed the acquisition of Gamesa Electric's power electronics business in Spain from Siemens Gamesa.
“The acquired portfolio includes power conversion products such as wind converters for doubly-fed induction generator (DFIG), industrial battery energy storage systems (BESS), and utility-scale solar inverters,” ABB said in a statement. “The transaction brings in around 400 employees, including key resources in Spain, India, China, the United States and Australia, and two converter factories in Madrid and Valencia. ABB has also entered into a supply and services agreement with Siemens Gamesa.”
ABB also revealed that Gamesa Electric generated revenues of approximately €145 million ($168.4 million) for the fiscal year ended September 30, 2025.
ABB previously sold its power electronics business to Italian manufacturer Fimer in 2020, which took over ABB's plants in Finland, India, and Italy, as well as its 800 employees in 26 countries. Fimer, which shipped over 7 GW of inverters that year, was acquired by the McLaren Applied Group in late November 2024, following restructuring efforts.
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