Siemens Limited approves sale of low voltage motors business to Siemens AG subsidiary

Siemens Limited's board approved the sale of its low voltage motors and geared motors business to Siemens Large Drives India Private Limited, a Siemens AG subsidiary, for Rs. 2,200 crore, effective 1 October 2023.

“The Board of Directors of Siemens Limited has approved the sale and transfer of low voltage motors and geared motors businesses including related customer service business to Siemens Large Drives India Private Limited, an entity wholly owned by Siemens AG, for a consideration of Rs. 2,200 crore with”press.siemens.com

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• press.siemens.comSiemens Limited’s Board of Directors approves sale of low voltage motors and geared motors business to a subsidiary of Siemens AG for Rs. 2,200 crore | Press | Company | SiemensMay 19, 2023

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