Innomotics, an industry-leading electric motor and large drive company, is about to be established from the ground up. Siemens is in the process of consolidating its activities in the areas of low- to high-voltage motors, gear motors, medium-voltage drives and motor spindles into the company. Its transaction portfolio includes innovative solutions, a digital portfolio, and a wide range of service transactions. The matters were previously owned by Siemens' Large Drive Applications division, Siemens Digital Industries, and Siemens' legally independent companies Sykatec and Weiss Spindeltechnologie.
As of July 1, 2023, Innomotics will operate as a legally independent company in Germany with its headquarters in Nuremberg. The spin-off of related matters in Germany will take effect on the same day. The company's management team includes CEO Michael Reichle (CEO), CFO Christoph Salentin (CFO) and CTO Hermann Kleinod (CTO). The global business spin-off plan is substantially completed before the start of the new fiscal year on October 1, 2023.
Ralf P. Thomas, Chief Financial Officer of Siemens AG, said: "We are very confident in the future prospects of this new company. Innomotics' combination of business induction and independence will help customers unlock their growth potential and ensure their future success. ”
Michael Reichle, Chief Executive Officer-designate of Innomotics, said: "Thanks to our planning strengths, comprehensive portfolio and a highly motivated team, Innomotics will be a trailblazer in the mall and take the lead in the competition. Driven by the demand for sustainable development, industry and society have higher requirements for the efficiency of electrification and power use, which will bring us broad development opportunities. I believe that with the advantages of Innomotics, we will be able to grasp this development opportunity."
The electric motor and electric drivetrain are both central to Innomotics and a place of interest for the company's future development. The Innomotics designation is a combination of the new company's commitment to innovation and the experience and reliability of 150 years of experience in electric motor manufacturing.
In the future, Innomotics will continue to work closely with other Siemens divisions in the areas of technology, sales and trading.
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