Siemens – Siemens to sell Innomoticsto KPS Capital Partners

May 16, 2024
SIEMENS

  • Innomotics to be sold to KPS Capital Partners for €3.5 billion 
  • Innomotics is a global leader in electrical motor and large-drive business with €3.3 billion in revenue and employs approximately 15,000 people 
  • Future setup offers the Innomotics business the best framework conditions for sustainable and growth-oriented development 
  • Transaction expected to close in first half of fiscal 2025 
  • Another step for Siemens in focusing its portfolio 

 

The Managing Board and Supervisory Board of Siemens AG have approved the sale of Innomotics – a world-leading electric motors and large drives company – to KPS Capital Partners, LP (“KPS”). 

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