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Siemens announces intent to acquire ebm-papst’s industrial drive technology (IDT) business to enhance Xcelerator portfolio

Mar 27, 2024•over 1 year ago

Acquiring Company

Siemens

Acquired Company

ebm-papst Group

MunichGermanyInformation TechnologyManufacturing

Description

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 Information

Company

Siemens

Location

Munich, Bavaria, Germany

About

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company's purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI – including generative AI – to real-world applications, making AI accessible and impactful for customers across diverse industries. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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