Siemens to acquire industrial drive technology business of ebm-papst

Siemens AG has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst, which employs around 650 people and includes intelligent mechatronic systems and motion control systems. The acquisition will complement Siemens' Xcelerator portfolio.

“Siemens AG has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst.”press.siemens.com

• 5 sources
• press.siemens.comSiemens to acquire industrial drive technology business of ebm-papst | Press | Company | SiemensMar 21, 2024
• cbinsights.comebm-papst - Industrial Drive Technology Business - Products, Competitors, Financials, Employees, Headquarters LocationsMar 21, 2024
• justwellautomation.comSiemens to acquire ebm-papst industrial drive technology business Factory ChinaApr 19, 2024
• controleng.comAutomation mergers, acquisitions, capital markets analysis: April 2024 - Control EngineeringClint Bundy, Bundy GroupApr 25, 2024
• roboticsandautomationnews.comSiemens to acquire industrial drive technology business of ebm-papstDavid Edwards

Summarized from public sources; check the original articles before acting on it.