EVENTS June 2024 www.drivesncontrols.com 8 Automation UK 2024 18-19 June, 2024, CBS Arena, Coventry The two-day robotics and automation show will return for its second appearance with the organiser, Bara (the British Automation & Robot Association) planning to double the size of the first event, held in 2023. Some exhibitors – Beckhoff, for example – are planning to double the area of their stands. Other exhibitors include ABB, Fanuc, Pilz, Yaskawa, Kuka, CKF, Festo and RARUK Automation. www.automation-uk.co.uk Machine Vision Conference 2024 18-19 June, 2024, CBS Arena, Coventry Now in its eighth year, the Machine Vision Conference and exhibition aims to promote the use of image-processing technologies, educating visitors about new processes, and helping them to find technologies that can improve their processes and cut costs. The event is organised by UKIVA (the UK Industrial Vision Association). www.machinevisionconference.co.uk Hillhead 2024 25-27 June, 2024, Hillhead Quarry, Buxton The three-day event located in a quarry includes more than 60 live demonstrations of plant and equipment, as well as more than 600 exhibitors and thousands of products for the quarrying, construction and recycling industries. Around 20,000 visitors are expected to attend. www.hillhead.com EEMODS 2024 3–5 September, 2024 Lucerne, Switzerland The 13th international conference on Energy Efficiency in Motor Driven Systems will take place over three days in Lucerne, Switzerland. It will provide a forum to discuss the latest developments in electric motor systems and their energy consumption, energy efficiency policies and programmes, standards, as well as technological and market progress. https://eemods24.org PPMA Show 24–26 September, 2024 NEC, Birmingham The UK's largest event for processing equipment, packaging machinery, industrial robots and machine vision systems is expected to attract more than 300 exhibitors. The show, organised by Automate UK, will include demonstrations of labelling, filling, packaging, processing, robotics, automation and industrial vision systems. www.ppmashow.co.uk Advanced Engineering 2024 30–31 October, 2024 NEC, Birmingham Advanced Engineering UK returns to the NEC, showcasing innovation from the UK’s manufacturing and engineering sector. More than 85% of the available floor space has already taken. In 2023, more than 400 companies exhibited at the show, with a further 202 at the co-located Lab Innovations event. www.advancedengineeringuk.com n NEWS SIEMENS IS SELLING its Innomotics electric motors and large drives business to the venture capital firm, KPS Capital Partners, for €3.5bn. The sale is expected to close in the first half of fiscal 2025, subject to the foreigninvestment and merger approvals. Innomotics was formed in November 2022, when Siemens combined its large drives and electric motors businesses and set them up as an independent entity. It says that the sale to KPS, “which is beneficial for all parties involved”, offers a fast track to a successful future. Innomotics manufactures low-, medium- and high-voltage motors, medium-voltage drives and other components, as well as offering support services. Headquartered in Nuremberg, Germany, it generates around €3.3bn in annual revenues, employs about 15,000 people. It operates 16 factories across the EMEA, Americas and Asia-Pacific regions. “By selling Innomotics to KPS, I am pleased that we have made further significant progress in optimising our portfolio,” says Siemens’CFO, Ralf P. Thomas. “The search for the best new owner has been successful. “This decision gives customers and the people who work at Innomotics clarity and paves Innomotics’way to extensive opportunities for further successful business development,” he adds. “In the future, Siemens and its shareholders will benefit even more from combining the real and the digital worlds.” KPS operates in the US and Germany. Companies in its portfolio currently generate €2bn in revenues. In Germany alone, it operates nine manufacturing sites with more than 5,200 employees. Since 2020, KPS has acquired 17 European businesses for more than $11.5bn. Its recent acquisitions include Chassis Brakes International from Robert Bosch, Waupaca Foundry from thyssenkrupp, and Sport Group from Equistone Partners. KPS has formed a new affiliate to buy Innomotics. “We are excited to acquire Innomotics and create a thriving independent enterprise, built on the foundation of the company’s 150-year history of unparalleled technological innovation,”says KPS’co-founder and comanaging partner, Michael Psaros. “Innomotics is a global industry leader in electric motors and large drives. In many ways, KPS is investing in the future of the 21st Century through Innomotics. “The company is well-positioned to capitalise on the global megatrends of electrification, energy efficiency, digitalisation, urbanisation and the commercialisation of new energy resources such as hydrogen,”he adds. “We look forward to working with Innomotics’senior management and stakeholders to aggressively accelerate the company’s growth trajectory.” Innomotics’ CEO Michael Reichle, says that “KPS, with its demonstrated track record of manufacturing excellence and its global platform, is the ideal owner for the new Innomotics. The partnership with KPS will support Innomotics in further expanding our track record of successful technological innovation and providing our customers with world-class products, solutions and services.” Siemens sells its Innomotics motors biz to KPS for €3.5bn Siemens is selling its Innomotics business to KPS Capital
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