Siemens has received approval for sale of its Low Voltage Motors and Geared Motors businesses, including the related customer service operations (collectively referred to as the Low Voltage Motors business) as a going concern on a slump sale basis, to Innomotics India, for a consideration (enterprise value) of Rs 2,200 crore, on a cash-free, debt-free basis. The Innomotics India is a subsidiary of Innomotics GmbH (Innomotics), an entity controlled by KPS Capital Partners, LP. The transaction is expected to close in June 2026.
Given the Low Voltage Motors business functions largely as a sales organization with outsourced manufacturing and dependence on Innomotics for intellectual property and other capabilities, the board concluded that selling the Low Voltage Motors business to Innomotics India was the best available option.
The Board of Directors of the company, based on the recommendations of the Committee of Directors and the Audit Committee, at its meeting held on December 08, 2025, approved the same.
Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.
| Company Name | CMP |
|---|---|
| Havells India | 1300.30 |
| Siemens | 3709.60 |
| Apar Inds | 11977.10 |
| ABB India | 7155.70 |
| Waaree Energies | 3487.20 |
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