Siemens to buy ebm-papst industrial drive business
Siemens has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst for an undisclosed sum.
The IDT business of ebm-papst employs around 650 people developing intelligent, integrated mechatronic systems in the protective extra-low voltage range and motion control systems for free-range driverless transport systems.
Siemens sees the acquisition as strategic to complement its Xcelerator portfolio and strengthen its position in flexible production automation.
The business is located in St. Georgen and Lauf an der Pegnitz, Germany, and in Oradea, Romania and the transaction is expected to be completed by mid-2025, subject to the necessary foreign trade and merger control approvals. The value of the deal was not disclosed.
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“Ebm-papst’s innovative portfolio of mechatronic drive systems and its highly qualified people are an excellent fit for Siemens. The acquisition will enable us to tap new business and customer potential in the rapidly growing market for intelligent, battery-powered drive solutions in intralogistics as well as mobile robot solutions,” said Cedrik Neike, member of the Managing Board of Siemens AG and CEO of Digital Industries, said:
Through their use in mobile robots and driverless transport vehicles as well as in the automation of auxiliary processes, such as the retooling of modern production machines, the drives are an important lever for greater flexibility and productivity.
“The acquisition by Siemens is a strategically significant step for us. What our industrial drive technology (IDT) business had lacked until now was a global sales organization for maximum growth. Siemens is a long-standing customer and a company with strong international market penetration and an extensive customer base. The integration that has now been agreed upon will give our IDT business global market access. It will open up new horizons for innovation and further growth,” added Dr. Klaus Geißdörfer, CEO of the ebm-papst Group, which saw turnover of €2.5bn in 203. It has just under 15,000 people at 30 production sites including in Germany, China, and the US.
“We’ll use the proceeds from the sale of the IDT business to further expand our Air Technology and Heating Technology divisions, to further strengthen our three regions – Europe, Asia and the Americas – and to invest in future fields of our product portfolio, such as digitalization and sustainability.”
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