ABB completes Gamesa Electric acquisition

ABB has completed its acquisition of Gamesa Electric’s power electronics business in Spain from Siemens Gamesa.
Financial terms were not disclosed, according to ABB.
The business reported annual revenues of about €145m for the fiscal year to 30 September 2025, added the company.
The portfolio includes wind converters for doubly-fed induction generators, industrial battery energy storage systems and utility-scale solar inverters.
The transaction brings in around 400 employees across Spain, India, China, the United States and Australia and includes two converter factories in Madrid and Valencia.
ABB has also entered a supply and services agreement with Siemens Gamesa.
The acquisition increases the total capacity of ABB’s serviceable installed base of wind converters by about 46GW and supports the growth strategy of its Motion business area.
“By combining ABB’s global reach and Gamesa Electric’s portfolio and expertise, the company is well positioned to capture growing demand and accelerate renewable energy adoption worldwide,” said Daniel Gerber, business line manager, renewable power of ABB’s Motion High Power division.
According to the release, International Energy Agency data shows electricity generation from renewables is expected to increase 60% from 2024 to 2030.