Advances ABB’s leadership in wiring accessories and smart building technologies in China.
ABB announced it has completed the acquisition of Siemens’ Wiring Accessories business in China, to broaden ABB’s market reach and complement its regional customer offering within smart buildings. With over $150 million in revenue in 2024, the business brings a broad product portfolio, an extensive distribution network across 230 cities, and 350 employees. The transaction was announced on May 17, 2024, and financial terms of the transaction were not disclosed.
The business will be margin accretive to ABB and expand ABB’s portfolio with wiring accessories, smart home systems, smart door locks and further peripheral home automation products, which will continue with the Siemens brand under terms of a licensing agreement. With a strengthened product range and distribution network, ABB is well positioned to deliver integrated, innovative solutions that modernize buildings, improve energy efficiency, and tackle the global challenge of reducing carbon emissions.
For more information, visit abb.com.
