Siemens to combine five businesses into independent motors and drives company

Siemens announced it will combine five of its businesses—large drives applications, Sykatec, Weiss Spindeltechnologie, low voltage motors, and geared motors—into an independent motors and drives company with revenue of around EUR 3 billion.

“Siemens will combine five of its businesses into an independent motors and drives company with revenue of around 3 billion euros”reuters.com

• 1 source
• reuters.comSiemens to separate out 3 bln euro motors and drives business | ReutersNov 17, 2022

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