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Siemens to acquire drive technology division from ebm-papst

Siemens to acquire drive technology division from ebm-papst

by Mose Hickle

Siemens to acquire drive technology division from ebm-papst

MUNICH, Germany : Siemens plans to compose ebm-papst’s industrial pressure technology division because the German conglomerate seeks to broaden it factory automation trade, both corporations acknowledged on Thursday.

Germany-primarily based completely mostly ebm-papst, which makes electrical motors and high-tech fans, needs to consider of air and heating tech and had therefore achieve the division with 650 workers up for sale.

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“It suits completely into the product portfolio at Siemens,” ebm-papst Chief Govt Klaus Geissdoerfer instructed Reuters. “We’re occupying a pickle where Siemens has a pickle,” he added.

What ebm-papst lacked is a world sales construction, he acknowledged. “Siemens has strengths precisely where we have weaknesses,” he acknowledged.

The 2 companions have agreed no longer to present the aquire trace. The transaction is anticipated to within sight mid-2025.

Industrial pressure technology accounts for no longer as a lot as 10 per cent of ebm-papst’s consolidated turnover of two.54 billion euros ($2.77 billion) and is winning, in accordance to Geissdoerfer.

“The acquisition will enable us to faucet new trade and customer doable within the like a flash increasing marketplace for shimmering, battery-powered pressure choices in intralogistics as neatly as cell robot choices,” acknowledged Siemens’ Cedrik Neike, the govt. board member to blame for digital industries.

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($1 = 0.9181 euros)

Source: Reuters

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