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Siemens to acquire 18% stake in Siemens Ltd. India for €2.1B · Endata

◂ Announcements

Nov 15, 2023ACQUISITIONIndia

Siemens to acquire 18% stake in Siemens Ltd. India for €2.1B

Siemens intends to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for €2.1 billion, increasing its stake from 51% to 69%.

Value

$2.29B (2.10B EUR)

Status

Announced

Productsenergy business

CompaniesSiemens acquirer Siemens Energy partner Siemens Ltd. India target

Sectors#Industrial Machinery #Electrical Equipment

“Siemens intends to acquire 18% in Siemens Ltd. India for a purchase price of 2.1 billion euro”press.siemens.com

1 source
press.siemens.comSiemens and Siemens Energy shape solution to provide stability and accelerate separation in India | Press | Company | SiemensNov 15, 2023

Summarized from public sources; check the original articles before acting on it.

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