ebm‑papst signs agreement to sell its Industrial Drive Technology (IDT) division to Siemens

ebm‑papst Group announced that it will sell its Industrial Drive Technology (IDT) division to Siemens AG. Both parties have signed an agreement to this effect. With the intended sale to Siemens AG, IDT will gain international market access through a larger global sales organization. This will open up new horizons for innovation and further successful business growth. All employees of the division will be taken over by Siemens. The parties have agreed not to disclose the exact price. The transaction will be completed by mid-2025 and is subject to foreign trade and merger control approvals.

"The sale of IDT is part of the consistent implementation of the corporate strategy of Making the Future Together', which has been in place since 2022. With this strategy, ebm‑papst intends to focus on its core business of air and heating technology and accelerate the transformation of the company in terms of sustainability and digitization as well as international expansion," says Dr. Klaus Geißdörfer, CEO of ebm‑papst Group.

"We will use the proceeds from the sale of the IDT business to further expand the Air Technology and Heating Technology divisions, to further strengthen our three regions of Europe, APAC/MEA, and the Americas and to invest in future areas such as digitization and the sustainability of our product portfolio. This will enable us to meet the long-term market demand for energy-efficient solutions, particularly in the future markets of data centers, cleanrooms, and heat pumps. At the same time, we are creating excellent future prospects for our company and our employees, including those working at the locations where the IDT business was previously based."

IDT was carved out as an independent division in mid-2022 in order to be able to focus on specific market requirements independently of the requirements in air and heating technology.

"Our Industrial Drive Technology division is extremely attractive and offers high development potential, especially internationally. We also have technologically leading product solutions and highly qualified employees," emphasizes Geißdörfer. "However, what we have lacked in this division so far is a global sales organization that offers us full growth and development opportunities."

The approximately 650 employees of the IDT division in St. Georgen, Lauf an der Pegnitz and Oradea in Romania will be taken over by Siemens once the transaction has been completed. The works council was involved in all planning at an early stage and supports the project. The drives, which are currently still manufactured at the Hagenmoos plant in St. Georgen, will be relocated to Oradea so that the plant in St. Georgen will only produce fan components in future.

The IDT division develops, produces, and sells technologically leading product solutions such as compact and intelligent drive system solutions, also for automated guided vehicles.