Siemens AG has announced that it will be acquiring the industrial drive technology (IDT) business of ebm-papst. The deal is expected to be completed by mid-2025 and will include the IDT businesses located in St. Georgen and Lauf an der Pegnitz, Germany, and Oradea, Romania. The financial terms of the deal have not been disclosed.
According to Cedrik Neike, a member of Siemens’ managing board and CEO of its Digital Industries division, the acquisition of ebm-papst’s IDT business aligns well with Siemens due to its innovative portfolio of mechatronic drive systems and skilled employees. This acquisition will allow Siemens to explore new business opportunities and expand its reach in the rapidly growing market for intelligent, battery-powered drive solutions in intralogistics and mobile robot applications.
The IDT division of ebm-papst currently employs around 650 people and specializes in producing fans and integrated mechatronic systems in the protective, extra-low voltage range, as well as motion-control systems for free-range, driverless transportation. This acquisition will complement Siemens’ Xcelerator portfolio and enhance its position in flexible production automation.
Dr. Klaus Geißdörfer, CEO of ebm-papst Group, expressed that this acquisition by Siemens is a significant strategic move for their IDT business. The lack of a global sales organization for maximum growth has been a challenge for their IDT business, which Siemens can now address through this integration with its own global market access. The proceeds from the sale of the IDT business will be reinvested in ebm-papst’s Air Technology and Heating Technology divisions, as well as used to strengthen their regional presence in Europe, Asia, and the Americas, and invest in future product portfolio areas like digitalization and sustainability.