Download PDF version

Siemens AG has successfully closed the sale of Innomotics to KPS Capital Partners, LP for €3.5 billion (enterprise value). On May 16, 2024, Siemens had announced plans to sell this supplier of electric motors and large-drive systems to KPS.

I am delighted that the sale of Innomotics to KPS has been successfully completed. This is another important step toward optimizing our portfolio, and it underlines our consistent focus on combining the real and digital worlds,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG.

Download PDF version Download PDF version

In case you missed it

NR Powers Guangdong With Reliable Converter Valves
NR Powers Guangdong With Reliable Converter Valves

On January 20, 2022, the first converter valve of the China Great Bay Area DC back-to-back project was successfully put into operation for the first time, marking an important step...

NR Luxi Island Microgrid Success In Black Start
NR Luxi Island Microgrid Success In Black Start

Luxi Island microgrid system, which was designed, supplied, commissioned and delivered by NR, has been successfully put into operation. The system effectively solved the black sta...

Tolomatic Servo Linear Actuators At Automate 2025
Tolomatic Servo Linear Actuators At Automate 2025

Tolomatic Inc., an industry pioneer in innovative linear motion systems, will be showcasing its latest servo linear actuators at Automate 2025. Featuring an integrated servo motor...

vfd