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ABB strengthens its business strategy in renewable energy with the acquisition of Gamesa Electric

The Swiss-Swedish group ABB acquires strategic activities from Gamesa Electric, consolidating its business strategy in renewable energy through equipment for wind, solar, and storage.

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ABB, the Swiss-Swedish conglomerate specializing in industrial technologies, has announced the acquisition of key activities from Gamesa Electric, a subsidiary of the German-Spanish group Siemens Gamesa. This operation, whose financial terms remain confidential, marks an important step in ABB’s expansion strategy in the renewable energy sector.

The acquisition includes two factories located in Madrid and Valencia, as well as cutting-edge equipment dedicated to wind energy, solar energy, and energy storage. These facilities employ 400 people, including 100 specialized engineers. Through this acquisition, ABB plans to significantly increase its production and service capacities in the field of power converters for renewable energy.

A targeted strategic growth

This transaction, which is still subject to regulatory approval, is expected to be finalized during the second half of 2025. ABB specifies that the activities of Gamesa Electric involved in this acquisition generated a turnover of €170 million during the 2024 fiscal year, which ended on September 30.

The integration of these new capacities aligns with ABB’s global strategy to meet the growing demand for equipment supporting the energy transition. In 2023, ABB recorded global revenues of $32.2 billion, thanks in part to its innovative solutions in the industrial robotics and electric vehicle charging sectors.

Impact on ABB’s strategy

By acquiring these activities, ABB positions itself more strategically as a key player in renewable energy, a critical sector for the coming decades. This acquisition also strengthens its competitiveness against other market leaders in a context where the energy transition is becoming a global priority.

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