KPS Capital Partners Acquires Innomotics from Siemens AG
May 16, 2024
KPS Capital Partners has agreed to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion, with completion expected in Q4 2024 or Q1 2025 subject to customary approvals. Innomotics, headquartered in Nuremberg, Germany, is a global supplier of electric motors and large drive systems generating about €3.3 billion in annual revenue and employing roughly 15,000 people across 16 factories and operations in 49 countries.
- Buyers
- KPS Capital Partners, LP
- Targets
- Innomotics GmbH
- Sellers
- Siemens AG
- Industry
- Manufacturing
- Location
- Bavaria, Germany
- Transaction Type
- Buyout
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