Siemens Selling Innomotics Unit To PE Firm KPS In $3.8B Deal

By Al Barbarino (May 16, 2024, 8:33 AM EDT) -- German tech conglomerate Siemens AG said Thursday it has agreed to sell its Innomotics large motors and drives unit to New York City-based private equity firm KPS Capital Partners at an enterprise value of €3.5 billion, or roughly $3.8 billion. ...

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