ABB has announced the completion of its acquisition of Gamesa Electric’s power electronics business in Spain from Siemens Gamesa, originally announced on December 18, 2024. Financial terms were not disclosed.
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. The transaction brings in around 400 employees, including key resources in Spain, India, China, 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. The acquisition increases the total capacity of ABB’s serviceable installed base of wind converters by approximately 46 gigawatts and supports the profitable growth strategy of the Motion business area. With over 45 years of experience in power electronics, Gamesa Electric brings deep technical expertise in solar and renewable applications and strong customer relationships.
“By combining ABB’s global reach and Gamesa Electric’s portfolio and expertise, the company is well-positioned to capture growing demand and accelerate renewable energy adoption worldwide,” said Daniel Gerber, business line manager for renewable power at ABB’s Motion High Power division.
News item from ABB
