Siemens sells business with worm gear units and wheel sets

Nuremberg, Germany, Siemens Geared Motors GmbH (Tuebingen/Germany), a subsidiary of Siemens AG, has sold the patents and commercial relationships of its “Cavex” worm gear units and wheel sets to long-standing business partners. The “Cavex” technology is no longer a core portfolio element of the Siemens unit, which is part of the Drive Technologies Division. Buyer is the newly formed Cavex GmbH & Co. KG based in Bodelshausen. There will be no transfer of Siemens employees. Both parties have agreed not to disclose the purchase price.

With their unique geometry, Cavex gears offer high transmission ratios in the most constricted of spaces and impress with particularly high torque and efficiency levels. Cavex GmbH & Co. KG, based in Bodelshausen, has been established by long-standing business partners of Siemens Geared Motors GmbH and the new company has taken over the relevant patents and commercial relationships of the Cavex business. Dr. Peter Leoni, Managing Director of Cavex GmbH & Co. KG, said: “We see excellent development potential for Cavex in the area of small and medium enterprises. We will continue to offer our customers in echanical and plant engineering our highquality, tailor-made Cavex range that has proven itself over decades, backed up by our team of experienced gearing and drive technology specialists.”

Jens Klein, Managing Director of Siemens Geared Motors GmbH, said: “We are delighted to be able to take this portfolio-enhancing step with our long-standing business partners in the form of the new Cavex Gmbh & Co. KG. This way we can also ensure a smooth transition for our existing customers.” The actual worm gear technology itself has in fact a future, but no longer plays a central role in the integrated drive train concept of Drive Technologies. Thus complete worm gear solutions in the area of escalator and elevator applications are not affected by the sale and remain in the hands of Siemens.

The Siemens Industry Sector (Erlangen, Germany) is the worldwide leading supplier of environmentally friendly production, transportation and building technologies. With integrated automation technologies and comprehensive industry-specific solutions, Siemens increases the productivity, efficiency and flexibility of its customers in the fields of industry and infrastructure. In fiscal 2010, which ended on September 30, 2010, revenue from continuing operations of the Industry Sector (excluding Osram) totaled around €30.2 billion. At the end of September 2010, Siemens Industry Sector had around 164,000 employees worldwide without consideration of Osram. Further information is available on the Internet at: http://www.siemens.com/industry

The Siemens Drive Technologies Division (Nuremberg, Germany) is the world’s leading supplier of products, systems, applications and services for the entire drive train with electrical and mechanical components and motion control systems for production machinery as well as machine tools. Drive Technologies serves all segments in manufacturing industry,process industry and energy/infrastructure. The Division provides answers to the customers’ key requirements for productivity, energy efficiency and reliability. In fiscal year 2010, around 36,000 employees of the Division (September 30), achieved total sales of €7.0 billion. http://www.siemens.com/drivetechnologies

CAVEX GmbH & Co. KG (Bodelshausen, Germany) will, in future, be the sole supplier of original Cavex products and is a joint venture of drives specialists WELTER zahnrad GmbH (Lahr) and Zahnradfertigung OTT GmbH & Co. KG(Bodelshausen). From its offices in Ofterdingen near Stuttgart, CAVEX will supply all sectors of the mechanical and plant engineering industry with Cavex wheelsets and Cavex gear units. Revenues in the two-figure million euro range are being aimed for.http://www.cavex-gmbh.com

Reference Number: IDT2011063042e