MergerLinks - Siemens Gas and Power to acquire a 24% stake in Siemens' Indian unit for $1.13bn.

New Deal

Announced

23 Jun 2020

Siemens Gas and Power to acquire a 24% stake in Siemens' Indian unit for $1.13bn.

Financials

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Transaction Value£858m

Consideration TypeCash

Capital Owned-

Capital Bid For24%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Siemens India

bidder

Siemens Gas And Power Holding

vendor

Siemens

Sources

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Tags

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Diversified Industrials

Pending

Friendly

Private

Single Bidder

Acquisition

transportation services

India

Cross Border

Minority

Synopsis

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Siemens Gas and Power to acquire a 24% stake in Indian unit of Siemens, an industrial manufacturing company, for $1.13bn.

Service Providers

Dealmakers (1)

Joe Kaeser

President and CEO at SIEMENS AG

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15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.