HANOVER, Germany, April 1, 2025 /PRNewswire/ -- Innomotics GmbH, a globally leading provider of electric motors and large drive systems and Danfoss Drives A/S, a global leader in low-voltage drives, ...

On May 16, 2024, SIEGY inked a deal with KPS to sell its Innomotics business for €3.5 billion ($3.85 billion). Siemens decided in November 2022 to consolidate its significant drive and electric motor ...

Carve-outs are the theme of the morning, where KPS Capital Partners has signed what it says is the largest industrial acquisition in Europe by a private equity firm in over two years. Then we have ...

Siemens is restructuring its drive technology portfolio: Less than two months after announcing the acquisition of ebm-papst's Industrial Drive Technology (IDT) division, Siemens is selling its ...

Japanese electric motor manufacturer Nidec Corp. and the American private equity firm KPS Capital Partners are competitors in the proposed acquisition of Innomotics, the electric motors division of ...

BERLIN, March 1 (Reuters) - Siemens AG SIEGn.DE said Wednesday that the spin-out of its motors and drives business would result in a wholly owned subsidiary named Innomotics and would be largely ...

Abu Dhabi, United Arab Emirates: Innomotics Contracting LLC and Danfoss FZCO have extended the global contract signed earlier this year between Innomotics GmbH, Germany and Danfoss Drives A/S, Denmark ...

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Industrial operations rely on highly efficient and reliable drivetrain systems to maximize availability while reducingoperational disruptions and costs. However, mismatched or improperly specified ...

Siemens Aktiengesellschaft SIEGY announced that it closed the previously announced sale of Innomotics to KPS Capital Partners. This move marks a step toward optimizing SEIGY’s portfolio. On May 16, ...