ABB Expands North American Presence with Acquisition of Bel Products
Deal News | Jun 02, 2025 | Globenewswire
ABB Electrification Canada Inc. has announced the completion of its acquisition of Bel Products Inc. The acquisition of the Canadian manufacturer of commercial, industrial, and custom enclosures aims to bolster ABB's enclosures portfolio across North America. As the demand for advanced enclosure solutions grows, fueled by trends such as the expansion of digital infrastructure and electrification, this acquisition aligns with ABB's strategic goal to enhance its manufacturing capabilities and local production in Canada. Bel Products, known for its high-quality products, will continue to operate from its existing facilities in Montreal and Terrebonne, Quebec. The acquisition also aims to harness Bel Products' extensive industry expertise and ABB's technological leadership to deliver superior value to customers. Financial terms of the acquisition were not disclosed.
Sectors
- Electrification
- Manufacturing
Geography
- Canada – Both ABB Electrification Canada Inc. and Bel Products Inc. are based in Canada, with a significant focus on expanding local production and operations here.
- United States – The acquisition strengthens ABB's product portfolio and market presence in both Canada and the U.S., serving customers across North America.
Industry
- Electrification – The acquisition involves companies that are key players in providing electrical infrastructure solutions, such as enclosures, essential in electrification processes.
- Manufacturing – Bel Products is a manufacturer of enclosures, and the acquisition enhances ABB's manufacturing capabilities and local production footprint in Canada.
Financials
- Undisclosed – The financial terms of the acquisition between ABB Electrification Canada Inc. and Bel Products Inc. were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ABB Electrification Canada Inc. | Acquirer | Company | A division of ABB focusing on electrification solutions, aiming to expand its product portfolio and market presence. |
| Bel Products Inc. | Acquired Company | Company | Canadian manufacturer known for high-quality enclosures serving commercial, industrial, data center, and utility sectors. |
| Khalid Mandri | President, ABB Installation Products Division | Person | Oversees ABB's strategic growth within the Installation Products Division. |
| Mike Shenouda | Canada Region Leader and General Manager, ABB Installation Products Division | Person | Plays a key role in managing ABB's operations and strategic initiatives in Canada. |
| Ral Blanger | President at Bel Products Inc. | Person | Leads Bel Products, with a focus on continuing operations post-acquisition. |