Siemens said the deal will strengthen its mobile robots, driverless transport and intralogistics offerings

Scarlett Evans, Assistant Editor, IoT World Today

March 25, 2024

1 Min Read
Exterior view of the ebm-pabst facility in Lauf an der Pegnitz, Germany
Exterior view of the ebm-pabst facility in Lauf an der Pegnitz, GermanySiemens

Siemens plans to acquire the industrial drive technology (IDT) business of EBM-Papst as it expands industrial automation offerings such as mobile robots and driverless vehicles. 

Germany-based EBM-Papst develops electric motors and motion control systems that support the automation and digitalization of production processes and control smart devices such as autonomous vehicles. 

Siemens said the acquisition will complement its Xcelerator portfolio and strengthen its position as a “solutions provider for flexible production automation.”

“EBM-Papst’s innovative portfolio of mechatronic drive systems…[is] an excellent fit for Siemens,” said Cedrik Neike, Siemens’ CEO of digital industries. “The 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 companies also said the deal will “open up new market access” in the area of flexible and autonomous factory automation.

“The acquisition by Siemens is a strategically significant step for us,” said Klaus Geißdörfer, EBM-Papst’s CEO. “What our IDT business had lacked until now was a global sales organization for maximum growth,

“The integration that has now been agreed upon will give our IDT business global market access. It will open up new horizons for innovation and further growth.” 

Related:Siemens Expands Smart City Project in Dubai

Financial details of the deal were not disclosed, though the partners said it is expected to be completed by mid-2025.

About the Author(s)

Scarlett Evans

Assistant Editor, IoT World Today

Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.

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