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Press Release03 July 2023Siemens AGMunich
Innomotics – The brand for the new leading supplier of motors and large drives
As part of
its new setup as a separately managed legal entity, Innomotics has presented
its new company logo. The new brand emphasizes that the company is geared
toward technology and innovation, and it places the focus on Innomotics’ team
of people. In addition, with its new “Time for a new green” brand image, Innomotics
is well positioned to shape and leverage the key market trends –
decarbonization and digitalization – in the industries it serves.
The Innomotics
portfolio comprises products, systems, complete solutions, and services. The
company uses this portfolio to help its customers improve the efficiency levels
of their plants, employ these assets more effectively and thus abate emissions
and preserve valuable resources. These capabilities are not only available for new
plants, but also for the maintenance, repair and retrofitting of existing
plants. With these offerings, Innomotics enables customers in all industries to
boost energy efficiency, reduce greenhouse gases and minimize the carbon
footprints of plants.
In addition,
Innomotics will work together closely with other Siemens businesses in the future,
too. This collaboration will, for instance, take the form of product
partnerships in the areas of technology, development and sales as well as
within the framework of supply-and-service contracts.
“Our new
brand stands for our aspiration of being a leading innovator in the motor and
large-drive business and expresses the way we view ourselves as a company that
maintains close customer proximity and has more than 150 years of history. With
highly efficient, electric large-drive systems, we can replace conventional
systems that are less sustainable. In this way, we can then help our customers
reduce their greenhouse gas emissions – especially in areas where very high
levels of carbon emissions are still being generated today,” said Michael
Reichle, CEO of Innomotics.
Reichle sees
growth potential in fields of development such as hydrogen production, onshore
power connections for offshore platforms and ships, and the future-oriented
area of water supply and water treatment.
“We’re very
pleased that – under the new name as of July 1, 2023 – the highly motivated
people employed at our company are joining us on our journey into a future with
diverse growth perspectives. With more than €3 billion in revenue, we can point
to impressive volume and have an ideal setup for expanding our leading position
within the field of competitors,” said Christoph Salentin, CFO of Innomotics.
Motors and
electrical large-drive systems are Innomotics’ business and its area of
expertise. The name Innomotics combines the promise of innovative strength and
reliability with the experience and dependability gained from 150 years of
experience in manufacturing electric motors and converters. This aspiration is
also reflected in the company’s slogan, “redefining reliable motion for a
better tomorrow.”
Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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