M&A Deal Summary

ABB Acquires Aurora Motors

On November 5, 2024, ABB acquired machinery company Aurora Motors

Acquisition Highlights
  • This is ABB’s 5th transaction in the Machinery sector.
  • This is ABB’s 13th transaction in the United States.
  • This is ABB’s 6th transaction in California.

M&A Deal Summary
Date 2024-11-05
Target Aurora Motors
Sector Machinery
Buyer(s) ABB
Deal Type Add-on Acquisition

Target

Aurora Motors

Hayward, California, United States
Aurora Motors is a vertical pump motors provider for a wide range of industrial and agricultural applications, with engineering and operations in Shanghai, China. Aurora Motors was founded in 1987 and is based in Hayward, California.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland
Category Company
Founded 1883
Sector Engineering
Employees108,700
Revenue 32.2B USD (2023)
DESCRIPTION
Entrance to ABB's headquarters in Zurich, Switzerland.
Entrance to ABB's headquarters in Zurich, Switzerland.

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 38 of 38
Sector (Machinery) 5 of 5
Type (Add-on Acquisition) 35 of 35
State (California) 6 of 6
Country (United States) 13 of 13
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 SEAM Group

Beachwood, Ohio, United States

SEAM Group provides an unparalleled approach to strategic enterprise asset management, ensuring a safe environment while achieving improved utilization, enhanced performance and reliability all while reducing costs. SEAM specializes in electrical safety, predictive maintenance programs, reliability consulting and repair services; each supported by patented software systems ensuring program metrics. SEAM Group was formed in 1993 and is based in Beachwood, Ohio.

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