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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Tue, 05.11.2024       ABB Ltd
CH0012221716

Aurora Motors is a global provider of Vertical Pump MotorsTheir products are distributed in 30 countries spanning the agriculture, municipality, industrial and fire protection industriesThe acquisition represents a significant enhancement to NEMA's product portfolio, bolstering the most comprehensive range of industrial electric motors in the global market

FORT SMITH, Ark., Nov. 5, 2024 /PRNewswire/ -- ABB announced today it has signed an agreement to purchase Aurora Motors. This acquisition provides a well-regarded product portfolio, a longstanding customer base in 30 countries and an experienced customer-centered sales structure, as well as solid partnerships with strategic suppliers. Aurora Motors is a $4 million U.S. Vertical Pump Motors provider, with engineering and operations in Shanghai, China and a corporate office and distribution center in Hayward, California. Financial terms were not disclosed, and the transaction is expected to be closed before the end of the 2024 financial year.

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