Siemens Gamesa Completes Sale of Power Electronics Division to ABB

Deal News | Jan 07, 2025 | Finance Community ES 2 - Corporate M&A

Siemens Gamesa has sold its power electronics business to ABB, a strategic move to refocus on its core business operations. The transaction includes the transfer of two converter manufacturing plants located in Madrid and Valencia, alongside a workforce of 400 employees with key resources in India, China, the United States, and Australia. The deal was facilitated by PwC, with a multidisciplinary team involved from various departments such as M&A, Strategy&, SPA Financial Advice, Transaction Services, and PwC Tax & Legal. This collaboration ensured the successful completion of the deal, enhancing Siemens Gamesa's positioning within its sector while forming an alliance with the global technology leader ABB.

Sectors

Renewable Energy
Technology & Electronics

Geography

Spain – The manufacturing plants involved in the transaction are located in Madrid and Valencia, Spain.
Global – The workforce and resources involved in this transaction span multiple countries, including India, China, the United States, and Australia.

Industry

Renewable Energy – Siemens Gamesa is a key player in the wind energy sector, and the divestment aligns with focusing on their core business in renewable energy.
Technology & Electronics – The transaction involves the sale of a power electronics segment and associated technology to ABB, a leader in technology solutions.

Financials

Participants

Name	Role	Type	Description
Siemens Gamesa	Target Company	Company	A leader in the wind energy industry that sold its power electronics division.
ABB	Bidding Company	Company	A global leader in technology that acquired Siemens Gamesa's power electronics business.
PwC	Advisor	Company	Provided advisory services across M&A, Strategy&, SPA Financial Advice, Transaction Services, and Tax & Legal, facilitating the successful transaction.