Siemens set to purchase drive technology division from ebm-papst
Siemens announces acquisition of ebm-papst's industrial drive technology division, aiming to bolster its factory automation business, as the latter shifts focus to air and heating technology
Siemens plans to acquire machine manufacturer ebm-papst's industrial drive technology division as part of its strategy to enhance its factory automation business, both companies announced Thursday.
Germany-based ebm-papst, known for its electric motors and advanced fans, has decided to divest this division, which employs 650 people, to focus on air and heating technology.
"This acquisition perfectly complements Siemens' product portfolio," stated Klaus Geissdoerfer, CEO of ebm-papst.
"We're entering a niche where Siemens currently lacks presence," he added.
Geissdoerfer highlighted ebm-papst's deficiency in global sales structure, stating, "Siemens excels in areas where we have weaknesses."
The purchase price remains undisclosed, with the transaction anticipated to conclude by mid-2025.
According to Geissdoerfer, industrial drive technology constitutes less than 10% of ebm-papst's consolidated turnover of 2.54 billion euros ($2.77 billion) but remains profitable.
Cedrik Neike, Siemens' executive board member overseeing digital industries, expressing his enthusiasm, stated: "This acquisition opens doors to new business opportunities in the expanding market for intelligent, battery-powered drive solutions in intralogistics and mobile robotics."
Source: Newsroom
