Acquisition of Flender by Siemens Approved

07.07.2005 -

Following antitrust investigations, the EU Commission has approved unconditionally the acquisition of Flender Holding GmbH by Siemens. The manufacturer of mechanical and electrical drives, located in Bocholt, Germany, will be integrated into the Siemens Automation and Drives (A&D) Group.

Siemens to Secure Long-Term Competitiveness of Mechanical Drives Unit

13.03.2017 -

Siemens is giving its mechanical drives unit (Mechanical Drives, MD) a new setup that will enable the business to operate more efficiently and flexibly in implementing its growth plans in a competitive environment. MD s market, which is dominated by medium-sized companies, is currently characterized by weak growth, increasing competition from the Asian region and overcapacities, with correspondingly high price pressure.