Siemens Order Secured for Townsville Upgrade

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.

Russelectric, A Siemens Business, a manufacturer of power control systems and automatic transfer switches, offers its robust and reliable Emergency Power System which provides backup power during a utility power loss. The paralleling switchgear systems offer redundant programmable logic controller (PLC) controls and manual backup capability.

In this latest insight, Vanessa Lopez, Research Analyst at Interact Analysis reviews the situation and investigates the key suitors for the potential acquisition of Innomotics. This insight has been generated as part of Interact Analysis’ annual report on the low voltage AC motor market.

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.

Thordon Bearings has further strengthened its presence in the Taiwanese market, delivering water-lubricated elastomeric polymer bearings for installation to cooling water pumps commissioned for a major power plant expansion project.

Over the years, Hannover Messe has evolved to include an ever-broadening range of products and companies. Despite the wide range of technologies on display, an emphasis on energy efficiency and flexibility emerged as the central theme of the 2023 show.