Siemens is restructuring its drive technology portfolio: Less than two months after announcing the acquisition of ebm-papst's Industrial Drive Technology (IDT) division, Siemens is selling its ...

Siemens Aktiengesellschaft SIEGY announced that it closed the previously announced sale of Innomotics to KPS Capital Partners. This move marks a step toward optimizing SEIGY’s portfolio. On May 16, ...

BERLIN/ZURICH (Reuters) -Germany's Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), two sources ...

NEW YORK, May 16, 2024 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire Innomotics GmbH ...

Siemens announced late last year that it was planning a public listing of Innomotics. However, it has dropped those plans by selling it to KPS. German industrial giant Siemens announced on Thursday ...

Deal expands Innomotics India’s portfolio to include low-voltage and geared motors alongside existing high-voltage offerings Innomotics India, a subsidiary of Germany-based Innomotics GmbH, has signed ...

On May 16, 2024, SIEGY inked a deal with KPS to sell its Innomotics business for €3.5 billion ($3.85 billion). Siemens decided in November 2022 to consolidate its significant drive and electric motor ...