• Offers an end-to-end business portfolio covering low to high voltage motors, gear motors, medium voltage inverters and motorized spindles
• With operational headquarters in Nuremberg, Germany, it employs approximately 14,000 people worldwide and generates revenues of approximately €3 billion
From July 1, 2023, Innomotics will operate in Germany as a legally independent wholly owned subsidiary of Siemens AG. The global spin-off is proceeding in an orderly manner and will be substantially completed by October 1, 2023
Innomotics’ management team will consist of Chief CI502-PNIO Executive Officer Michael Reichle, Chief Financial Officer Christoph Salentin and Chief Technology Officer Hermann Kleinod

Innomotics, the industry’s leading electric motor and large transmission company, is about to launch. Siemens is integrating its related businesses in low to high voltage motors, gear motors, medium voltage converters and motorized spindles into the company. Its business portfolio includes innovative solutions, a digital product portfolio, and a broad services business. The business was previously part of Siemens Large Drive Applications, Siemens Digital Industries, and Siemens’ legally independent Sykatec and Weiss Spindeltechnologie companies.

CI502-PNIO

From July 1, 2023, Innomotics will operate as a legally independent company in Germany, with its headquarters in Nuremberg. The spin-off of the related business in Germany will take effect on the same date. The management team includes Michael Reichle (CEO), Chief Financial Officer Christoph Salentin (CFO) and Chief Technology Officer Hermann Kleinod (CTO). The global spin-off is scheduled to be substantially completed by the start of the new fiscal year on October 1, 2023.

Ralf P. Thomas, Chief Financial CI502-PNIO Officer of Siemens AG, said: “We are confident about the future prospects of this new company. Innomotics’ combined strength across all businesses and ability to operate independently will help customers unlock value while fully unlocking its growth potential to ensure future success.”

Michael Reichle, CEO designate of Innomotics, said: “Thanks to our scale, comprehensive business portfolio and a motivated team, Innomotics will be a trailblazer in the market and ahead of the competition. Driven by the need for sustainable development, industrial and social development has higher requirements CI502-PNIO for electrification and energy efficiency, which will bring us broad development opportunities. I am confident that with Innomotics’ strong positioning, we will be able to take advantage of this growth opportunity.”

Motors and electric drive systems are both Innomotics’ core business and the company’s ambition for the future. The name Innomotics combines the new company’s commitment to innovation with the experience and reliability of 150 years of motor manufacturing.