Siemens Gamesa Agrees to Offload its Power Electronics Business to ABB

Siemens Gamesa has agreed to sell its power electronics business to ABB. The business, which designs and manufactures converters, inverters, and control cabinets for the wind, solar, and storage industries, is part of Gamesa Electric. Sierra Gamesa will retain its generator business. The deal includes the sale of two manufacturing plants in Spain, plus additional assets in the US, China, India, and Australia, and will transfer around 400 employees. As part of the agreement, ABB will provide power electronics to Siemens Gamesa turbines, both onshore and offshore. The deal supports Siemens Gamesa’s strategy of focusing on its core business and partnering with a global leader in the sector, and will help Gamesa Electric grow and thrive under ABB’s umbrella. The transaction is expected to be completed in the second half of 2025, subject to regulatory approvals.