Motion Control
Siemens takes over IST GmbH
Siemens has reached an agreement to acquire the shares of IST GmbH: As of April 1, 2020, the automation specialist from Chemnitz is to be integrated into the 'Production Machines' business segment of Siemens Operating Company Digital Industries.
Siemens is also taking over the business premises of Gesellschaft für Industrielle Steuerungstechnik (IST GmbH). Both companies have agreed not to disclose the purchase price. IST develops applications and services in the fields of industrial control, regulation and drive technology as well as electronics and mechatronics, which are used to control production machines. IST GmbH's high-tech products address the entire performance range. The company employs around 50 software developers. With the planned takeover, Siemens is expanding its expertise and development potential for the products, solutions and systems of the 'Factory Automation' business unit in the rapidly growing market for production machines. The aim is to expand the Chemnitz development site as a competence center for motion control in the field of production machines.
You might also be interested in
Cautious start to the new financial year
Siemens' first quarter of 2020 was characterized by a record order backlog and a simultaneous decline in sales and incoming orders - according to statements made at the company's Annual General Meeting on February 5. The figures in detail.
read more...Supervisory Board sets personnel course
The Siemens Group has initiated a change in its management: The energy division and Group management are particularly affected. The personnel changes in detail.
read more...Siemens - the 3rd quarter of 2019
'Digital Industries' and 'Gas and Power' cause concern
Despite considerable headwinds in key markets, Siemens grew its order intake and revenue in the third quarter of 2019. EBITA and profit, on the other hand, fell, mainly due to declines in 'Digital Industries' and 'Gas and Power'. The figures in...
read more...Kostal takes over Bitflux
On May 1, 2019, Kostal Industrie Elektrik from Hagen/Westphalia acquired the shares of Bitflux from Munich, a specialist in sensorless control technology.
read more...Heiner Lang new Chief Development Officer
On August 1, Heiner Lang (43) will join the Management Board of Bosch Rexroth AG. Within the Management Board, he will assume responsibility for the technology company's Development division. This was previously the responsibility of CEO Rolf Najork.
read more...Siemens sells eAircraft to Rolls-Royce
At the 2019 Paris Air Show, Siemens and Rolls-Royce signed an agreement for the sale of Siemens' eAircraft unit, which develops electric and hybrid-electric aircraft engines.
read more...Job cuts at Siemens
In mid-June 2019, Siemens announced further planned measures to strengthen the productivity and competitiveness of the Operating Company 'Siemens Gas and Power' (GP). Worldwide, 2,700 jobs are to be cut, including 1,400 in Germany.
read more...The new CNC generation from Siemens
Siemens is presenting a new CNC generation at EMO in mid-September 2019 and wants to take the next step in the digital transformation of machine tools.
read more...Gas and Power is spun off
Realignment at Siemens: The portfolio is to be focused on dynamic growth markets and efficiency improvements. The spin-off of Siemens Gas and Power (GP) is one step in this direction.
read more...