Nidec and KPS Vying for Siemens' Innomotics Business

Tuesday, 12 March 2024, 13:18
Nidec and KPS Capital Partners are actively bidding to acquire Siemens' Innomotics business for approximately $3.28B. This move comes as Siemens shifts its focus towards higher-margin, software-oriented products, signaling a strategic shift in the company's direction. The competition between Nidec and KPS highlights the lucrative nature of Siemens' motor unit division, drawing significant interest from key players in the industry. In conclusion, the Siemens motor unit acquisition is witnessing intense competition amidst a broader strategic realignment within the company.

Siemens Motor Unit Acquisition: Nidec and KPS Compete for €3B Business - Bloomberg

Nidec and KPS Capital Partners are actively bidding to acquire Siemens' Innomotics business for approximately $3.28B. This move comes as Siemens shifts its focus towards higher-margin, software-oriented products, signaling a strategic shift in the company's direction.

Key Highlights:

  • Nidec and KPS: Competing for Siemens' Innomotics business
  • Acquisition Price: Around $3.28B
  • Siemens Strategy: Emphasizing higher-margin, software-driven products

The intense competition for Siemens' motor unit division reveals the attractiveness of the business segment and the strategic importance for the involved parties.

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