Vanessa Lopez, Research Analyst, at Interact Analysis examines Siemen’s acquisition announcement in detail. Siemens has been making big waves in its divestitures and acquisitions over the last few years. Most recently, it divested several business units worth nearly €3 billion into the newly formed Innomotics, which is currently up for sale.
Siemens has announced the acquisition of BuntPlanet, a technology company based in San Sebastian, Spain. BuntPlanet’s award winning software has been deployed around the world to support customers with smart metering solutions, water quality, asset management, and integration of hydraulic models and artificial intelligence for detecting leaks and other anomalies in water networks.
ABB announced it has completed its acquisition of the Siemens low voltage NEMA motor business. The transaction was originally announced August 11, 2022, and financial terms of the transaction were not disclosed. The business employs around 600 people and generated revenues of approximately $63 million in 2021.
Sulzer and Siemens Large Drives Applications (LDA) are using their collective expertise to provide operators of large centrifugal pumps with an enhanced digital value proposition: Bringing together their respective IoT-platforms and services, BLUE BOX and SIDRIVE IQ, the two companies are collaborating to deliver an integrated solution that improves equipment reliability and cuts operations costs.
Siemens Smart Infrastructure has integrated electrical signature analysis from Samotics into NXpower Monitor, its industry digital caretaker for electrical networks. Using ESA and machine learning, Samotics provides real-time actionable insights to help global industrial companies eliminate industrial energy waste and unplanned downtime.
With Sinamics G220, Siemens is launching a new high-performance frequency converter to join the Sinamics family. The innovative frequency converters are equipped with so-called clean power technology.
Change at the top of Siemens Process Automation: as of October 1, 2022, Axel Lorenz (54 years old) has taken over as the new CEO of Process Automation at Siemens. Previously, the engineering graduate acted as Vice President Control in the Factory Automation business unit at Siemens.
ABB announced it has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team.
As part of Predictive Services for Drive Systems, Siemens is expanding its offering with an edge application. The Predictive Service Analyzer indicates defects in the drive system at an early stage before they affect the entire production.
