ABB Expands Electrification Portfolio with Acquisition of Siemens’ Wiring Accessories Business in China

May 27, 2024

ABB announced it has signed an agreement to acquire Siemens’ Wiring Accessories business in China. The acquisition will broaden ABB’s market reach and complement its regional customer offering within smart buildings.

The offering ABB is acquiring includes 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.

The acquisition will also give access to a wide distribution network across 230 cities in China and provide additional expertise from regional sales, manufacturing operations and management teams. Siemens’ Wiring Accessories business in China generated more than $150 million in revenues in 2023 and includes more than 350 employees. The business will be margin accretive to ABB and the transaction is expected to close within the next twelve months. Financial terms were not disclosed.

“This acquisition reflects our strategic focus and commitment to growth in China,” said Mike Mustapha, President of ABB Electrification’s Smart Buildings Division. “With the new channel to market and expanded offering, we can deliver a full range of ABB building automation and energy distribution solutions, enriching customers’ options for safe and reliable smart buildings technology.”

Source

Related Articles


Latest Articles


Changing Scene

  • Hammond Power Solutions Appoints Linda Nadeau Sanford as Western Regional Sales Manager

    Hammond Power Solutions Appoints Linda Nadeau Sanford as Western Regional Sales Manager

    May 12, 2025 Hammond Power Solutions (HPS), a leader in dry-type transformers and power quality solutions, is pleased to announce the appointment of Linda Nadeau Sanford as the new Western Regional Sales Manager. Linda will play a key part in driving sales and revenue across the Western Canada region. She will oversee territory management, advance… Read More…

  • Susanna Zagar, Ontario Energy Board CEO, Named EHRC’s 2025 Agent of Change

    Susanna Zagar, Ontario Energy Board CEO, Named EHRC’s 2025 Agent of Change

    May 12, 2025 Electricity Human Resources Canada (EHRC) is proud to announce Susanna Zagar (she/her), Chief Executive Officer of the Ontario Energy Board (OEB), as the recipient of the 2025 Agent of Change Award. This recognition celebrates Ms. Zagar’s remarkable leadership and commitment to diversity, equity and inclusion (DEI) in the electricity sector. Since stepping… Read More…

  • AD Reports Huge Jump in Member Sales Through Three Months of 2025

    AD Reports Huge Jump in Member Sales Through Three Months of 2025

    May 12, 2025 AD reports that member sales in the first three months of 2025 increased 23% to a record $24 billion across the group’s 14 divisions and three countries. AD welcomed over 550 new members in the first quarter through both organic growth and the IMARK Electrical merger. AD members also acquired another 10… Read More…

  • Legrand Introduces Wattstopper i3 Building Management Platform

    Legrand Introduces Wattstopper i3 Building Management Platform

    May 12, 2025 Legrand® has announced the launch of the Wattstopper i3 Platform, a next-generation lighting and building intelligence solution powered by KODE Labs, a global leader of advanced smart building technology.  The partnership positions Legrand to lead the lighting controls industry into a new era of unified experiences, seamless integrations, and data-driven control, making it easier… Read More…