ABB has officially acquired Siemens’ Wiring Accessories business in China, marking a significant step in expanding its presence in the smart building sector. This deal, expected to generate over $150 million in revenue by 2024, includes a broad range of products, an extensive distribution network covering 230 cities, and a skilled team of 350 employees.
The acquisition is expected to boost ABB’s margins and enhance its product offerings, which now include wiring accessories, smart home systems, smart door locks, and other home automation solutions. These products will continue to be sold under the Siemens brand through a licensing agreement. With this expanded product portfolio and distribution reach, ABB is in a strong position to deliver integrated, innovative solutions for modernizing buildings, improving energy efficiency, and addressing global challenges such as reducing carbon emissions.
Mike Mustapha, President of ABB Electrification’s Smart Building Division, said, “This acquisition strengthens ABB’s position in the Chinese market for wiring accessories and supports our smart building technologies. It allows us to better meet customer needs by offering safer, smarter, and more sustainable building solutions. We are now equipped to provide a full range of wiring accessories, home automation, energy distribution, and management solutions, addressing challenges like rapid urbanization, energy transition, building electrification, decarbonization, and the growing trends in AI and digitalization.”
ABB is a global leader in electrification and automation, committed to creating a sustainable, resource-efficient future. By combining engineering expertise with digital technology, the company helps industries achieve optimal performance, driving both efficiency and sustainability. With over 140 years of experience, ABB employs around 110,000 people worldwide and is listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).
