Search Results for innomotics

e-Power Technology

Research on Transforming Production Technology Enters Second Phase  

September 2, 2025 Editorial Staff Comments Off on Research on Transforming Production Technology Enters Second Phase  

Research project EA 2.0 in Germany aims to further develop the electric drive to create sustainable and high-performance solutions for industry and the environment through more efficient manufacturing, reduced material and energy consumption as well as increased power density. Innovation in magnets and manufacturing process play key roles. Applications in hydrogen production and compression could be a beneficiary. […]

e-Power Technology

Siemens Acquires Altair for $10 Billion, Building Huge Portfolio in Electromagnetic Simulation Software & AI 

April 2, 2025 Editorial Staff Comments Off on Siemens Acquires Altair for $10 Billion, Building Huge Portfolio in Electromagnetic Simulation Software & AI 

March 26, 2025 – Siemens announced today that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately […]

e-Power Technology

Siemens to Sell Innomotics Motor & Drive Biz for €3.5 Billion to KPS 

June 6, 2024 Editorial Staff Comments Off on Siemens to Sell Innomotics Motor & Drive Biz for €3.5 Billion to KPS 

Siemens is planning to sell off its Innomotics motor and drive business unit for €3.5 billion to investment portfolio company KPS Capital Partners. The move follows creation of Innomotics, carved out as a discrete business unit in 2022, and preparations by Siemens in late 2023 to roll it out as a public company, but in a change of plans now has agreed to the sale to KPS. The transaction is expected to close in 2025. […]