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 parties have agreed not to disclose the purchase price. The agreement includes the transfer of around 400 employees, two manufacturing plants located in Spain, and additional assets in the US, China, India, and Australia. As part of the transaction, both companies have entered a long-term collaboration agreement through which ABB will provide power electronics to Siemens Gamesa turbines, both onshore and offshore. The transaction is expected to be closed in the second half of 2025 and is subject to regulatory approvals from the respective authorities.
