Siemens – Innomotics – Launch of a newleading motors and large drives company
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End-to-end portfolio of low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles
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Operational headquarters in Nuremberg, Germany, with around 14,000 employees worldwide and revenue of approximately €3 billion
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Effective July 1, 2023, Innomotics will operate in Germany as a legally separate, wholly owned subsidiary of Siemens AG. The global carve-out is on track; to be largely completed by October 1, 2023
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Innomotics’ management team will comprise Michael Reichle (CEO), Christoph Salentin (CFO) and Hermann Kleinod (CTO)
A new, leading motors and large drives company will be called Innomotics. Under this name, Siemens is combining its business activities in the areas of low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles. The portfolio includes an innovative solutions and digitalization portfolio and a broad range of service offerings. The related businesses were previously assigned to the units Large Drives Applications and Digital Industries and to the legally separate Siemens companies Sykatec and Weiss Spindeltechnologie.
Effective July 1, 2023, Innomotics will operate in Germany as a legally separate company, with operational headquarters in Nuremberg. The carve-out in Germany will be completed effective the same date. The designated management team comprises Michael Reichle (CEO), Christoph Salentin (CFO) and Hermann Kleinod (CTO). The global carve-out is to be largely completed by the start of the new fiscal year on October 1, 2023.
“We’re convinced of the new company’s future success. The combined strengths of its individual businesses and the power to act independently will enable Innomotics to unlock significant value for its customers, leverage its growth potential and thus ensure its success going forward,” said Ralf P. Thomas, CFO of Siemens AG.
“With its size, its broad portfolio and our highly motivated people, Innomotics will be a trailblazer in the market and capture a leading competitive position. We’ll profit from the strong growth potential driven also, in particular, by the sustainability-oriented demand for more efficient electrification and energy consumption in industry and society. I’m convinced that Innomotics will provide us with the optimal setup to leverage this potential,” said Michael Reichle, designated CEO of Innomotics.
Motors and electrical drive systems are Innomotics’ business and passion. The name Innomotics combines the promise of innovative power with the experience and reliability of 150 years in motor manufacturing.
In the future, Innomotics will continue to collaborate closely with other Siemens businesses through partnerships in the areas of technology and sales and in trade relationships.
Source
SIEMENS
EMR Analysis
More information on Siemens: See the full profile on EMR Executive Services
More information on Dr. Roland Busch (President and CEO, Siemens AG): See the full profile on EMR Executive Services
More information on Ralf P. Thomas (CFO, Siemens AG): See the full profile on EMR Executive Services
More information on Michael Reichle (CEO, Siemens Large Drives Applications, Siemens – CEO, Innomotics from 01.07.2023): See the full profile on EMR Executive Services
More information on Christoph Salentin (CFO, Siemens Large Drives Applications, Siemens – CFO, Innomotics from 01.07.2023): See the full profile on EMR Executive Services
More information on Hermann Kleinod (Part of LDA Management Team, Siemens Large Drives Applications, Siemens – CTO, Innomotics from 01.07.2023): See the full profile on EMR Executive Services
More information on Sykatec: https://www.sykatec.de/en/ + Sykatec GmbH is a portfolio company of the Siemens AG and your system partner for innovative metal working and cabling. Sykatec sets the standards in engineering, prototyping, production, and logistics. We turn precisely manufactured sheet metal bending parts into sophisticated components. We also manufacture complex wiring looms to ensure the electromechanical parts of modules can be swiftly completed. Our locations in Erlangen (Germany) and Sibiu (Romania) ensure the highest professionalism and the necessary productivity.”
More information on Sunil Pandiri (CEO, Sykatec): https://www.linkedin.com/in/sunil-pandiri/
More information on Weiss Spindeltechnologie: https://www.weissgmbh.com/en/company/about-weiss/ + Weiss Spindeltechnologie GmbH, which is based in Maroldsweisach, Germany, is a specialist in the development and manufacturing of high-precision motor spindle units. The company supplies a full range of standardized and individual solutions and realizes their integration in complete mechatronic systems. Since 2003, Weiss GmbH has been a one-hundred-percent subsidiary of Siemens AG. With approximately 270 employees, thanks to its technical innovations, Weiss GmbH is a leading player in the motor spindles segment.
Weiss offers a comprehensive range of spindles from one single source. This includes both standardized catalog spindles as well as individually customized designs for use in the areas of turning, milling, grinding, specialist motors and smart spindles.
More information on Rolf Eberhardt (CEO, Weiss Spindeltechnologie): https://de.linkedin.com/in/rolf-eberhardt-1992bb4b
EMR Additional Notes:
- Low Voltage (LV):
- The International Electrotechnical Commission (IEC) defines supply system low voltage as voltage in the range 50–1000 V AC or 120–1500 V DC.
- Medium Voltage (MV):
- Medium-voltage circuit breakers rated between 1 and 35/72 kV.
- High Voltage (HV):
- The International Electrotechnical Commission define high voltage as above 1000 V for alternating current, and at least 1500 V for direct current.
- Super High-Voltage:
- Is >300kV.
- Ultra High-Voltage:
- Is >1.000kV.