Siemens announces intent to acquire ebm-papst’s industrial drive technology (IDT) business to enhance Xcelerator portfolio
Siemens announces intent to acquire ebm-papst’s industrial drive technology (IDT) business to enhance Xcelerator portfolio
03/27/24, 10:26 PM
Location
munichgermanyIndustry
information technology
manufacturing
Siemens has announced its intent to acquire ebm-papst’s industrial drive technology (IDT) business, including intelligent, integrated, network-connected mechatronic systems and motion control systems. The acquisition is described as a strategic addition to Siemens' Xcelerator portfolio, providing IoT-enabled hardware and software, and expanding capabilities in areas like artificial intelligence and digital twins.
Company Info
Location
Munich, Bavaria, Germany
Company info
Siemens AG is a leading technology company focused on industry, infrastructure, transport, and healthcare. The company creates technology with a purpose, adding real value for customers by combining the real and the digital worlds. Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare.