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    What we know about 'epic' Wicked: For Good

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  • Reuters

    ABB to buy power electronics business from Siemens Gamesa

    ABB has agreed to acquire the power electronics unit of Gamesa Electric in Spain from Siemens Gamesa to boost its position in the renewable power conversion technology market, the Swiss engineering group said on Wednesday. "It's a different type of technology which allows you to be a bit more cost-efficient," said Brandon Spencer, president of ABB's motion business area, noting that his company saw growth picking up in renewables over the medium to long term. Profitability in Gamesa Electric's power electronics unit is below the margin of ABB's motion business area, but the company sees lots of scope to improve it, Spencer said.