The acquisition of Aurora Motors, a leading global supplier of vertical pump motors with a strong customer base across 30 countries, enhances ABB's NEMA Division with expanded product offerings, strategic partnerships, and expertise in industrial electric motors. The deal aligns with ABB's mission to drive innovation and deliver superior value in key industries worldwide.
- Aurora Motors is a global supplier of vertical pump motors.
- Its products are distributed in 30 countries and cover the agricultural, municipal, industrial and fire protection sectors.
- The acquisition represents a significant enhancement to NEMA's product portfolio, strengthening the most comprehensive line of industrial electric motors in the global market
ABB announced it has signed an agreement to purchase Aurora Motors. The acquisition brings a well-regarded product portfolio, a long-standing customer base in 30 countries, and an experienced, customer-centric sales organization, as well as strong partnerships with strategic suppliers. Aurora Motors is a $4 million U.S. supplier of vertical pump motors with engineering and operations in Shanghai , China, and headquarters and distribution center in Hayward, California. Financial terms were not disclosed and the transaction is expected to close before the end of fiscal 2024.
This transaction is consistent with the Motion business segment's profitable growth strategy and will enable the NEMA Motors division to enhance its product offering, expand its supply chain and improve support for its global customer base.
“This acquisition is a strategic decision that not only expands our global footprint, but also fills important gaps in the market. This acquisition aligns with our vision to enhance innovation and deliver unmatched value to our customers worldwide,” said Jesse Henson , President of ABB’s NEMA Division. “By integrating Aurora Motors’ expertise, we are poised to accelerate growth and redefine industry standards, ensuring the long-term success of our stakeholders.”
“The combination of Aurora’s extensive experience and expertise in the vertical pump motor industry with ABB’s industry-leading operations and commitment to industry excellence is truly exciting!” said Conroy Shum , President of Aurora Motors.
The global NEMA motor industry, which is approximately $3.4 billion* in size, includes industrial electric motors primarily used in North America. NEMA motors are essential components used to operate equipment in industries such as food and beverage, oil and gas, mining and aggregates, water and wastewater, and in applications such as those that move air, liquids, and units.