Siemens to Expand with EBM-Papst Industrial Drive Business Acquisition

Siemens, a global leader in technology and innovation, has recently announced a significant agreement to acquire the industrial drive business of EBM-Papst. The deal, which involves an undisclosed sum, marks a strategic move for Siemens to expand its presence in the market for intelligent, battery-powered drive solutions.

"EBM-Papst's portfolio of mechatronic drive systems and its talented workforce align perfectly with Siemens' vision for the future," stated Cedrik Neike, CEO of Siemens digital industries. "This acquisition opens up exciting opportunities for us to explore new avenues in intra-logistics and mobile robotics."

On the other side of the deal, Klaus Geißdörfer, CEO of EBM-Papst, expressed enthusiasm about the acquisition by Siemens. "Our industrial drive business lacked a global sales organization, which Siemens brings to the table as a renowned customer with a strong international presence," said Geißdörfer. "This strategic move will allow us to focus on expanding our air and heating technology divisions while investing in digitalization and sustainability."

The industrial drives market is poised for significant growth, according to Siemens, driven by the increasing demand for mobile robots and driverless transport vehicles. These drives are also crucial for automating auxiliary processes in modern production facilities, enhancing efficiency and productivity.

The completion of the transaction is expected by mid-2025, pending approvals from foreign trade and merger control authorities. This acquisition will consolidate Siemens' position as a key player in the industrial drives sector, leveraging EBM-Papst's expertise and resources to drive innovation and growth.

EBM-Papst's industrial drives business, currently based in St Georgen and Lauf an der Pegnitz in Germany, as well as Oradea in Romania, will soon become part of Siemens' extensive global network. This strategic integration is set to create synergies that will benefit both companies and propel them towards a more sustainable and digitally-driven future.