ABB Acquires Siemens Wiring Accessories Business in China

ABB, a global leader in technology, has recently announced a significant agreement to acquire the Wiring Accessories business of Siemens in China. This strategic move is aimed at enhancing ABB's presence in the smart buildings sector, further solidifying its position as a key player in the industry.

The acquisition encompasses a wide range of products, including wiring accessories, smart home systems, smart door locks, and other home automation solutions. These products will continue to be offered under the Siemens brand through a licensing agreement, ensuring continuity and consistency for customers.

One of the key benefits of this acquisition is the access it provides to a vast distribution network spanning 230 cities across China. This expanded reach will enable ABB to better serve customers and meet the growing demand for innovative building automation solutions in the region.

The Siemens Wiring Accessories business in China has been a significant player in the market, generating over $150 million in revenues in 2023. With a team of more than 350 employees, the business has established a strong reputation for quality and reliability in the industry.

Mike Mustapha, President of ABB Electrification’s Smart Buildings Division, expressed enthusiasm about the acquisition, stating, “This strategic move underscores our commitment to driving growth in China. By leveraging the new distribution channels and product offerings, we are well-positioned to provide customers with a comprehensive range of building automation and energy distribution solutions, enhancing the safety and efficiency of smart buildings.”