ebm-papst, a leading provider of air and heating technology solutions, has announced that Siemens plans to acquire its industrial drive technology division. This move is part of Siemens’ strategy to expand its factory automation business. The acquisition will help both companies tap into new business opportunities, especially in the growing market for intelligent, battery-powered drive solutions in intralogistics and mobile robot solutions.
According to ebm-papst CEO Klaus Geissdoerfer, the acquisition is a perfect fit for Siemens as it fills a gap in their product portfolio. Furthermore, Geissdoerfer stated that ebm-papst lacked a global sales structure, an area where Siemens excels. The purchase price of the transaction has not been disclosed, and the deal is expected to close by mid-2025.
Industrial drive technology currently represents less than 10% of ebm-papst’s total revenue of 2.54 billion euros. However, Geissdoerfer confirmed that the division is profitable. Cedrik Neike, the Siemens executive board member responsible for digital industries, expressed optimism about the acquisition and the potential it holds for both companies in terms of expanding their market reach and customer base.
The acquisition of ebm-papst’s industrial drive technology division by Siemens will enable them to expand their factory automation business while also tapping into new opportunities in the growing market for intelligent, battery-powered drive solutions in intralogistics and mobile robot solutions. With this acquisition, both companies hope to strengthen their positions in their respective markets while also providing greater value to their customers through innovative products and services.
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