# 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.

- Type: Acquisition
- Announced: 2024-03-21
- Where: Lauf an der Pegnitz, Germany, Germany
- Jobs: 650
- Status: announced
- Products: intelligent mechatronic drive systems, motion control systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [ebm-papst](https://endata.com/companies/5045.md) (target)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-acquire-industrial-drive-technology-business-ebm-papst), 2024-03-21: "Siemens AG has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst."
- [cbinsights.com](https://www.cbinsights.com/company/ebm-papst-industrial-drive-technology-business), 2024-03-21: "In March 2024, ebm-papst - Industrial Drive Technology Business was acquired by Siemens."
- [justwellautomation.com](https://www.justwellautomation.com/news/siemens-to-acquire-ebm-papst-industrial-drive-technology-business.html), 2024-04-19: "Siemens has signed an agreement to acquire the Industrial Drive Technologies (IDT) business of ebm-papst."
- [controleng.com](https://www.controleng.com/automation-mergers-acquisitions-capital-markets-analysis-april-2024/), 2024-04-25: "Siemens AG has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2024/05/01/siemens-to-acquire-industrial-drive-technology-business-of-ebm-papst/82671/), 2024-05-01: "Ebm-papst’s innovative portfolio of mechatronic drive systems and its highly qualified people are an excellent fit for Siemens."

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