# Siemens to acquire ebm-papst's industrial drive technology division

Siemens announced plans to acquire ebm-papst's industrial drive technology division, which employs 650 people. The purchase price is undisclosed, and the transaction is expected to close by mid-2025.

- Type: Acquisition
- Announced: 2024-05-28
- Where: Germany
- Jobs: 650
- Status: announced
- Products: industrial drive technology, battery-powered drive solutions
- 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) (acquirer)
- [ebm-papst](https://endata.com/companies/5045.md) (target)

## Sources

- [turkiyetoday.com](https://www.turkiyetoday.com/business/siemens-set-to-purchase-drive-technology-division-from-ebm-papst-6708), 2024-05-28: "This acquisition perfectly complements Siemens' product portfolio."

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