Siemens completes acquisition of ebm-papst's industrial drive technology business

Siemens completes acquisition of ebm-papst's industrial drive technology business
Banking & Financial Services
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Anthony Casciano President and CEO | Siemens Financial Services

Siemens has finalized the acquisition of ebm-papst's industrial drive technology business. Achim Peltz, CEO of the Motion Control Business Unit at Siemens Digital Industries, stated, "The new portfolio elements significantly expand and enhance our offerings to customers who want to automate and digitalize their production processes in smart factories." He added that their integrated mechatronic drive systems will offer increased flexibility, productivity, and efficiency in the global market for conveyor and autonomous transport systems.

These systems are aligned with Siemens' sustainability goals by providing energy-efficient solutions and aiding in the creation of flexible, scalable, and secure digital factories. This move is part of Siemens' strategy to integrate real-world operations with digital solutions through software-based automation.

The ebm-papst Group initially announced its plan to sell its Industrial Drive Technology division to Siemens in March 2024. An agreement was signed between both parties, which has now been completed. The acquisition allows IDT access to international markets via Siemens' global sales network, paving the way for innovation and business growth. All employees from the division have transitioned to Siemens. The financial terms of the deal remain undisclosed.