Siemens AG agreed on Mar. 21 to acquire the industrial drive technology (IDT) business of ebm-papst. The transaction is expected to close by mid-2025. The IDT business of ebm-papst is in St. Georgen and Lauf an der Pegnitz, Germany, and in Oradea, Romania. Terms of the deal were not disclosed.
“Ebm-papst’s innovative portfolio of mechatronic drive systems and its highly qualified people are an excellent fit for Siemens,” says Cedrik Neike, member of the managing board member at Siemens AG and CEO of its Digital Industries division. “This acquisition will enable us to tap new business and customer potential in the rapidly growing market for intelligent, battery-powered drive solutions in intralogistics, as well as mobile robot solutions.”
The IDT division employs about 650 people. They produce fans and intelligent, integrated mechatronic systems in the protective, extra-low voltage range, as well as motion-control systems used in free-range, driverless transportation. The planned acquisition will complement Siemens’ Xcelerator portfolio and strengthen its position in flexible production automation.
“Thise acquisition by Siemens is a strategically significant step for us. What our IDT business had lacked until now was a global sales organization for maximum growth. Siemens is a longstanding customer, and a company with strong international market penetration and an extensive customer base,” says Dr. Klaus Geißdörfer, CEO of ebm-papst Group. “The integration we’ve agreed to will give our IDT business global market access. It will open new horizons for innovation and further growth. We’ll use the proceeds from the sale of the IDT business to further expand our Air Technology and Heating Technology divisions, to further strengthen our three regions in Europe, Asia and the Americas, and invest in future fields of our product portfolio such as digitalization and sustainability.”
