Siemens Gamesa has reached an agreement to sell its power electronics business to ABB. The business – part of Gamesa Electric – designs and manufactures converters, inverters and control cabinets for wind, solar and storage industries. The generators business of Gamesa Electric is not included in the agreement and remains with Siemens Gamesa.
The agreement includes the transfer of 400 employees, two manufacturing plants located in Spain, as well as additional assets in the US, China, India and Australia. ABB will provide power electronics to Siemens Gamesa turbines, both onshore and offshore, as part of the transaction.
The transaction is expected to be closed in the second half of 2025.
Siemens Gamesa continues to progress in its strategy of focusing on its core business, while partnering with a global technological leader in the sector. The transaction will foster the growth of the Gamesa Electric power electronics business, reinforcing the future of its manufacturing plants and employees.
Vinod Philip, Executive Vice President for Wind Power in Siemens Energy, said: “Our primary goal for Siemens Gamesa is to achieve profitability, which requires a dedicated focus on our core business. The make-or-buy decision is a constant consideration for us and in this case Gamesa Electric will be better positioned to thrive under ABB’s umbrella.”