• Aurora Motors is a global supplier of vertical pump motors.
• Its products are marketed in 30 countries, covering agriculture, municipal, industrial, and firefighting industries.
• This acquisition is a significant enhancement for NEMA's product portfolio, strengthening the most comprehensive industrial electric motor series in the global market.

Smithtown, Arkansas, November 5, 2024 / USA News Agency / -- ABB announced today that it has signed an agreement to acquire Aurora Motors. This acquisition provides a well-received product portfolio, a long-term customer base spanning 30 countries, and a sales structure that is customer-centric and experienced, in addition to solid partnerships with strategic suppliers. Aurora Motors is a US vertical pump motor supplier valued at 4 million US dollars, with engineering and operations departments in Shanghai and a company office and distribution center in Hixville, California, USA. Financial terms were not disclosed, and the transaction is expected to be completed before the end of the 2024 fiscal year.

This trade is part of the profit growth strategy of the dynamic business area, enabling the NEMA motor division to enhance product supply, expand the supply chain, and improve support for its global customer base.

ABB NEMA division president Jesse Henson said: "This strengthening acquisition is a strategic move that not only expands our global footprint, but also fills critical market gaps. This acquisition aligns with our vision of strengthening innovation and providing unmatched value for global customers. By integrating Aurora Motors' expertise, we are ready to accelerate growth and redefine industry standards, ensuring long-term success for our stakeholders. "

Aurora Motors President Conroy Shum said: "Combining Aurora's rich experience and expertise in the vertical pump motor field with ABB's top-tier operation and commitment to industry excellence is truly exciting!"

The global NEMA motor industry is approximately $3.4 billion, including industrial electric motors mainly used in North America. NEMA motors are vital components used in industries such as food and beverage, oil & gas, mining and aggregate, water and wastewater treatment, as well as applications for moving air, liquids, and units.

* 2023 Low Pressure Motor Report

ABB is a global technology leader in the electrification and automation field, achieving a more sustainable and resource-efficient future. ABB assists various industries in efficient operations, while enhancing efficiency, productivity, and sustainability, enabling them to outperform. At ABB, we refer to this as 'Engineered to Outrun.' With over 140 years of history, the company has more than 105,000 employees worldwide. ABB's stocks are listed on the Swiss Stock Exchange (ABBN) and Nasdaq Stockholm (ABB).

ABB Motion is a global leader in the field of motors and drives, core to accelerating a future of higher productivity and sustainability. We continually innovate and push the boundaries of technology, providing energy-efficient, decarbonizing, and circular solutions for customers, industries, and society. With our digital drives, motors, and services, we offer better performance, safety, and reliability to customers and partners. To help global industries operate in a more efficient and cleaner manner, we provide motor drive solutions widely applicable in all industrial sectors. Building on over 140 years of expertise in the field of electric power transmission systems, our over 22,000 employees in 100+ countries/regions strive to learn and improve every day. Visit go.abb/motion.