On March 21, Siemens AG announced the acquisition of ebm-papst’s industrial drive technology (IDT) business. The transaction is expected to be completed by mid-2025, and the financial terms of the deal have not been disclosed. The IDT business of ebm-papst is located in St. Georgen and Lauf an der Pegnitz, Germany, and in Oradea, Romania.
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 aligns with Siemens’ portfolio of innovative mechatronic drive systems and its commitment to expanding its reach in the rapidly growing market for intelligent, battery-powered drive solutions in intralogistics and mobile robot applications.
Cedrik Neike, a member of Siemens AG’s managing board and CEO of its Digital Industries division, expressed that this acquisition will allow Siemens to explore new business opportunities and enhance its position in flexible production automation. Dr. Klaus Geißdörfer, CEO of ebm-papst Group, stated that this acquisition is a significant strategic move for their IDT business as it provides them with global market access through Siemens integration. This will open up new opportunities for innovation and growth. 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 while also investing in future product portfolio areas like digitalization and sustainability.