ABB buys Siemens's wiring business in China

Aussie Broadband

17/05/2024 06:04

ZURICH, May 17 (Reuters) - ABB  ABBN.S  has agreed to
buy the wiring accessories business of German rival Siemens
 SIEGn.DE  in China, the Swiss engineering group said on Friday.
    The acquisition will broaden ABB's market reach and
complement its regional customer offering within smart
buildings, the company said. No price was given for the
acquisition.


 (Reporting by John Revill)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))