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- Advances ABB’s leadership position in the wiring accessories market
- Gains access to an expansive distributor network to support growth
ABB announced today 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’…
Read the full article originally published at cleantechnica.com.