ABB has announced the completion of its acquisition of the Spanish power electronics business from Siemens Gamesa, initially announced on December 18, 2024. The financial terms have not been disclosed.

The acquired asset portfolio includes wind conversion products for doubly fed induction generators (DFIGs), industrial battery energy storage systems (BESS), and large-scale solar inverters. This transaction brings about 400 employees, including key resources in Spain, India, China, the United States, and Australia, as well as two converter factories located in Madrid and Valencia. ABB has also signed a supply and service agreement with Siemens Gamesa. This acquisition increases ABB's total capacity of serviced wind converters by approximately 46 gigawatts and supports its profit growth strategy in the sports business sector. Gamesa Electric, with over 45 years of experience in power electronics, brings profound technical expertise and strong customer relationships in solar and renewable energy applications.

By combining ABB's global influence with Gamesa Electric's product portfolio and expertise, the company is in a favorable position to capture the growing demand and accelerate the adoption of renewable energy worldwide, "said Daniel Gerber, Manager of ABB's Motion Control High Performance Business Unit Renewable Energy Business Line.