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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
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Wolfram Trost

Siemens AG

Werner-von-Siemens-Straße 1
80333 Munich

+49 174 1551859