German engineering Siemens has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst.
The business, which employs around 650 people, includes intelligent, integrated mechatronic systems in the protective extra-low voltage range and innovative motion control systems. These systems are used in free-range driverless transport systems.
The planned acquisition will complement the Siemens Xcelerator portfolio and strengthen Siemens’ position as a leading solutions provider for flexible production automation. [Read more…] about Siemens to acquire industrial drive technology business of ebm-papst