ABB acquires Aurora Motors
Select your language
Generated with artificial intelligence.
Listening:
ABB acquires Aurora Motors
Electrical engineering and automation specialist ABB announced on Tuesday that it had signed an agreement to purchase the American company Aurora Motors. The transaction will enhance ABB's product offering and expand its global presence.
The acquisition is in line with the Motion business sector’s strategy of profitable growth, and will enable the NEMA Motors division to enhance its product offering, expand its supply chain and improve support for its global customer base, the Swiss-Swedish group said in a statement on Tuesday. The transaction is expected to be finalised before the end of fiscal year 2024.
+ Get the most important news from Switzerland in your inbox
Aurora Motors is a U.S.-based supplier of vertical pump motors, with engineering and operations in Shanghai, China, and headquarters and distribution center in Hayward, California.
Adapted from French by DeepL/ac
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
More
Why Switzerland is among the ten fastest-warming countries in the world
More
In Switzerland four out of ten people have a migrant background – who are they?
More
Suicides in Switzerland quadruple among older people
More
French gangs target luxury cars in Switzerland
More
Renewed controversy in Switzerland over US fighter jets – explained
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.