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Press Release01 March 2023Siemens AGMunich
Innomotics – Launch of a new leading motors and large drives company
Effective
July 1, 2023, Innomotics will operate in Germany as a legally separate
company, with operational headquarters in Nuremberg. The carve-out in Germany
will be completed effective the same date. The designated management team
comprises Michael Reichle (CEO), Christoph Salentin (CFO) and Hermann Kleinod
(CTO). The global carve-out is to be largely completed by the start of the new
fiscal year on October 1, 2023.
“We’re
convinced of the new company’s future success. The combined strengths of its
individual businesses and the power to act independently will enable Innomotics
to unlock significant value for its customers, leverage its growth potential
and thus ensure its success going forward,” said Ralf P. Thomas, CFO of Siemens AG.
“With its
size, its broad portfolio and our highly motivated people, Innomotics will be a
trailblazer in the market and capture a leading competitive position. We’ll
profit from the strong growth potential driven also, in particular, by the
sustainability-oriented demand for more efficient electrification and energy
consumption in industry and society. I’m convinced that Innomotics will provide
us with the optimal setup to leverage this potential,” said Michael Reichle,
designated CEO of Innomotics.
Motors and
electrical drive systems are Innomotics’ business and passion. The name Innomotics
combines the promise of innovative power with the experience and reliability of
150 years in motor manufacturing.
In the
future, Innomotics will continue to collaborate closely with other Siemens
businesses through partnerships in the areas of technology and sales and in
trade relationships.
Innomotics – Launch of a new leading motors and large drives company
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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.
Contact
Wolfram Trost
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany
80333 Munich
Germany
+49 174 1551859