Siemens Successfully Closes Sale of Low Voltage Motors Business to Innomotics India

Siemens has closed the 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), to Innomotics India. 

In December 2025 Siemens had announced that its Board of Directors has approved the sale of its Low Voltage Motors and Geared Motors businesses to Innomotics India. The Board determined the consideration (enterprise value) for sale and transfer of the Low Voltage Motors business after negotiation with the Buyer, taking into account two separate independent valuation reports of the Low Voltage Motors business as on September 30, 2025 pursuant to independent valuation exercises conducted by each of Grant Thornton Bharat LLP and KPMG Valuation Services LLP.  The transaction was closed in June 2026, after the requisite regulatory and statutory approvals were met.

On October 1, 2024, Siemens AG completed a transaction for sale of Innomotics GmbH (together with its affiliates, Innomotics) – a world-leading electric motors and large drives company – to KPS Capital Partners, LP (KPS), by way of share sale, along with transfer of all intellectual property rights of the business. The Company itself does not have the requisite intellectual property or other capabilities to service the Low Voltage Motors business without support from Innomotics.

Given the Low Voltage Motors business functions largely as a sales organization with outsourced manufacturing and dependence on Innomotics (now owned by KPS) for intellectual property and other capabilities, the Board concluded that selling the Low Voltage Motors business to Innomotics India was the best available option.

Siemens is pleased to have found the right home for the business with Innomotics, ensuring continuity for its customers and employees and believes that this decision is in the best interests of all stakeholders.