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”). The contracting parties have signed a corresponding agreement. The purchase price (enterprise value) is €3.5 billion. The sale to KPS is expected to close in the first half of fiscal 2025 and is subject to customary foreign-investment and merger control approvals.

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