Siemens Gamesa on Wednesday announced selling its power electronics business to ABB which includes assets in India for an undisclosed amount. The business 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 is not included in the agreement and remains with Siemens Gamesa, it said. "Siemens Gamesa has reached an agreement to sell its power electronics business to ABB. The agreement includes the transfer of around 400 employees, two manufacturing plants located in Spain, as well as additional assets in the US, China, India and Australia," the company said. As part of the transaction, both companies have entered a long-term collaboration agreement through which ABB will provide power electronics to Siemens Gamesa turbines, both onshore and offshore. The transaction is expected to be closed in the second half of 2025 and is subject to regulatory approv