on Innomotics GmbH
Sale of Innomotics to KPS Completed
The sale of Innomotics GmbH, a leading provider of electric motors and large drive systems based in Nuremberg, Germany, was completed on October 1, 2024. Previously an independent subsidiary of Siemens AG since July 2023, Innomotics now joins the portfolio of KPS Capital Partners, LP.
This acquisition marks a significant milestone for Innomotics, which aims to solidify its position as a global market leader. Innomotics focuses on enhancing reliability, efficiency, and sustainability in electric drive technology. Demand for these solutions has been growing in traditional industrial sectors and new energy markets like green hydrogen and carbon capture.
The partnership with KPS is expected to support Innomotics' business development. Michael Reichle, CEO of Innomotics, expressed confidence in KPS' proven success in the manufacturing sector. Collaboration with Siemens will also continue in selected areas, ensuring ongoing innovation and reliability.
R. P.
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