Siemens AG is setting up a new business to contain its current motors and drives business, covering low-voltage to high-voltage motors, geared motors, medium-voltage converters and motorized spindles.

Siemens (OTCPK:SIEGY) said Wednesday it will set up a new company called Innomotics for its motors and large-drives businesses, as it seeks to meet growing demand for more efficient electrification ...

Siemens’ new drive system, Sinamics S220 offers a seamless and innovative drive system with comprehensive simulation and ...

Nearly a year ago, Siemens sold its low-voltage motor business to ABB, which included Siemens’ line of severe-duty and general-purpose motors. Despite this divestment, Siemens continues to focus on ...

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global variable frequency drives market since 2016 and the market is poised to grow by USD 5.11 billion during 2019-2023, progressing at a ...