Siemens is restructuring its drive technology portfolio: Less than two months after announcing the acquisition of ebm-papst's Industrial Drive Technology (IDT) division, Siemens is selling its ...

Siemens Aktiengesellschaft SIEGY announced that it closed the previously announced sale of Innomotics to KPS Capital Partners. This move marks a step toward optimizing SEIGY’s portfolio. On May 16, ...

HANOVER, Germany, April 1, 2025 /PRNewswire/ -- Innomotics GmbH, a globally leading provider of electric motors and large drive systems and Danfoss Drives A/S, a global leader in low-voltage drives, ...

Innomotics GmbH is a Germany-based company. The Company offers portfolio of motors, drives, solutions, classical and digital services. Its business divisions includes Low voltage motors, High Voltage ...

Abu Dhabi, United Arab Emirates: Innomotics Contracting LLC and Danfoss FZCO have extended the global contract signed earlier this year between Innomotics GmbH, Germany and Danfoss Drives A/S, Denmark ...

On May 16, 2024, SIEGY inked a deal with KPS to sell its Innomotics business for €3.5 billion ($3.85 billion). Siemens decided in November 2022 to consolidate its significant drive and electric motor ...