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 How we work This news story has been written and carefully fact-checked by an external editorial team. At ...
