Siemens to acquire drive technology division from ebm-papst
The Star Online - Tech·2024-03-21 19:07
MUNICH, Germany (Reuters) - Siemens plans to acquire ebm-papst's industrial drive technology division as the German conglomerate seeks to expand it factory automation business, both firms said on Thursday.
Germany-based ebm-papst, which makes electric motors and high-tech fans, wants to concentrate on air and heating tech and had therefore put the division with 650 employees up for sale.
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