Siemens sells business with worm gear units and wheel sets

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,...

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.

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