# 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.

- Type: Investment
- Announced: 2022-11-17
- Where: Germany
- Status: announced
- Products: motors, drives, spindles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)

## Sources

- [reuters.com](https://www.reuters.com/business/siemens-separate-out-3-bln-euro-motors-drives-business-2022-11-17/), 2022-11-17: "Siemens will combine five of its businesses into an independent motors and drives company with revenue of around 3 billion euros"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.