Competing Bids for Siemens' Innomotics Business Reach €3B Mark

Tuesday, 12 March 2024, 13:18
Nidec and KPS Capital Partners are vying for the acquisition of Siemens' Innomotics business, which is valued at around €3 billion. The sale reflects Siemens' strategic shift towards higher-margin software products.
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Competing Bids for Siemens' Innomotics Business Reach €3B Mark

Siemens Motor Unit Sale

Nidec and KPS Capital Partners are competing to acquire Siemens' Innomotics business for around $3.28B, as the company focuses on higher-margin, software-driven products.

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