Effective January 1, 2023, Michael Reichle has been appointed CEO of Siemens Portfolio Company Large Drives Applications (LDA). He succeeds Hermann Kleinod, who will remain an integral part of the global LDA management team. As CEO, Reichle assumes all areas of responsibility of his predecessor.
Cummins (CMI) recently announced that through its subsidiary Meritor, it has completed the acquisition of Siemens Commercial Vehicles business, a top supplier of high-performance electric drive systems for commercial vehicles. The acquired business will report through Cummins New Power business unit.
ABB recently announced it has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team. The business employs around 600 people and generated revenues of approximately $63 million in 2021. Financial terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2023.
With Sinumerik One, the first digital native CNC for machine tools, Siemens works with software to create the machine controller and the associated Digital Twin from one engineering system seamlessly. The latest iteration of the CNC system was on display recently at Automate 2022 in Detroit where machine tool builders and CNC users were able to witness the product, production, and performance benefits on the show floor.
The automotive industry is reshaping faster than ever before. Technology advancements are redeﬁning transportation from traditional mechanics to complex sustainable, entertaining, and connected mobility enabled by electronics and software. To stay relevant in this fast-changing market, automakers must revisit how they approach all aspects of product design, development, and manufacturing.