NORD Drivesystems, which develops and manufactures drive systems consisting of gear units, motors, and drive electronics for more than 100 industries, is expecting its latest results to show the company has achieved annual sales of 1 billion euros.
Gernot Zarp, managing director (sales), said: “This performance shows how well our drive solutions meet the requirements of the various industries and how much NORD is valued by its customers as a reliable and competent partner. Providing customised solutions for a wide range of requirements is just as important to us as increasing the energy efficiency of our systems and reducing the total cost of ownership for our customers.
“An example of the latter is the IE5+ permanent magnet synchronous motor. This new NORD motor currently exceeds the highest defined efficiency class for motors and is in high demand due to the currently very high energy costs. We also see the sales development as a recognition of the well-known NORD product quality, which we achieve by making most of the components we require by using in our own production facilities worldwide and our own highly qualified employees.”
NORD Drivesystems, which has been developing, producing and selling drive technology since 1965, has about 4,700 employees, 48 of its own subsidiaries in 36 countries, and additional sales partners in more than 50 countries. In addition to standard drives, NORD also supplies application-specific concepts and solutions for special requirements, such as energy-saving drives or explosion-proof systems. Annual sales in fiscal year 2021 amounted to 870 million euros.