Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
ABB buys Siemens Gamesa's power unit
Mint Mumbai
|December 19, 2024
Siemens Gamesa said on Wednesday that it is selling its power electronics arm to ABB, including its Indian assets for an undisclosed sum.
-
The unit designs and manufactures converters, inverters and control cabinets for wind, solar and storage industries, Siemens Energy said in a statement. The generators business of Gamesa Electric will not be included in the agreement and will remain with Siemens Gamesa, it added.
This story is from the December 19, 2024 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Vodafone Idea seeks further relief on AGR dues in SC plea
Vodafone Idea, which owes ₹83,400 crore in AGR dues, had sought a ₹45,000 crore waiver
2 mins
September 30, 2025
Mint Mumbai
ECB in talks to ease extra capital rules
The European Central Bank (ECB) is in talks with major banks about relaxing extra capital rules for lenders working with India’s sovereign bond clearing house, after a regulatory dispute with New Delhi threatened to disrupt billions of rupees in government debt and interest-rate derivatives trading.
1 min
September 30, 2025
Mint Mumbai
Indian auto chases Europe EV dream
Cos acquire struggling European firms for design, expertise
2 mins
September 30, 2025
Mint Mumbai
Focus back on TCS woes as former Al boss quits
Tata Consultancy Services Ltd's struggle to sell AI services and products to clients is back in the spotlight, even as the legacy offshoring business grapples with uncertain demand and barriers in the US, its largest market.
2 mins
September 30, 2025
Mint Mumbai
India plans to slash red tape, roll out red carpet for FDI
The effort is led by DPIIT under the commerce ministry, which oversees FDI policy review
2 mins
September 30, 2025
Mint Mumbai
Personal shoppers lift India’s premium fashion retail sales
Stylists help customers mix and match outfits, boosting confidence and setting brands apart
2 mins
September 30, 2025
Mint Mumbai
Peet’s Coffee latest in foreign F&B brands wooing India
India is fast emerging as a hub for international food and beverage (F&B) brands, driven by rising affluence, a young aspirational consumer base, and delivery platforms like Zomato and Swiggy that lower operating costs.
2 mins
September 30, 2025
Mint Mumbai
Sahara arm seeks nod for Adani sale
The Sahara India Commercial Corp. Ltd (SICCL) has moved the Supreme Court seeking its permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Pvt. Ltd.
1 min
September 30, 2025
Mint Mumbai
Pentagon pushes to double missile production for potential China conflict
Military leaders are urging defense contractors to increase assembly of 12 critical weapons
4 mins
September 30, 2025
Mint Mumbai
Kedaara raises funds for first CV for assets
Kedaara Capital Investment Management Ltd, one of India’s largest local private equity firms, has closed its first continuation vehicle (CV) at $300 million, people familiar with the matter said.
1 min
September 30, 2025
Listen
Translate
Change font size