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Announced

Innomotics to acquire the low voltage motors and geared motors businesses of Siemens, for $244m.

Synopsis

Innomotics, a global supplier of electric motors and large-drive systems, agreed to acquire the low-voltage motors and geared motors businesses of Siemens, a German multinational conglomerate company, for $244m.

Principals

Siemens (low Voltage Motors And Geared Motors Businesses)

target

Siemens (low Voltage Motors And Geared Motors Businesses)

INNOMOTICS

bidder

INNOMOTICS

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MergerLinks - Innomotics to acquire the low voltage motors and geared motors businesses of Siemens, for $244m.