Siemens Gamesa has agreed to divest its power electronics division to ABB

Siemens Gamesa has agreed to sell its power electronics business, part of Gamesa Electric, to ABB. The business designs and manufactures power electronics for wind, solar, and storage industries and includes 400 employees, two manufacturing plants in Spain, and additional assets in the US, China, India, and Australia. The transaction does not include the generators business, which will remain with Siemens Gamesa. ABB will provide power electronics to Siemens Gamesa turbines as part of the deal. The transaction is expected to close in the second half of 2025. The sale is a step towards Siemens Gamesa focusing on its core business and partnering with a global leader in the sector. The transaction will help the power electronics business grow and thrive under ABB’s umbrella.