BERLIN (Reuters) - Siemens AG said Wednesday that the spin-out of its motors and drives business would result in a wholly owned subsidiary named Innomotics and would be largely complete by October 1.

ZURICH (Reuters) - Siemens will combine five of its businesses into an independent motors and drives company with revenue of around 3 billion euros ($3 billion), Chief Executive Roland Busch said on ...

The drives allow easy configuration of complex common DC bus lineups for multi-motor coordinated drive systems, as well as high horsepower stand-alone drives for a wide variety of industrial ...

Siemens is bundling its range of motors and large drive systems under the name Innomotics. The new company has been a separately managed Siemens subsidiary in Germany since 1 July 2023; the global ...

A Variable Frequency Drive (VFD) regulates the speed of a 3-phase AC electric motor by controlling the frequency and voltage of the power it delivers to the motor. These devices, also known as ...

Technology firm Siemens' board on Friday approved the sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary, Siemens Large Drives India for Rs 2,200 crore. The valuation ...

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.

ZURICH, Nov 17 (Reuters) - Siemens SIEGn.DE will combine five of its businesses into an independent motors and drives company with revenue of around 3 billion euros ($3 billion), Chief Executive ...