# 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%.

- Type: Acquisition
- Announced: 2023-11-15
- Where: India
- Value: $2.29B (2.10B EUR)
- Status: announced
- Products: energy business
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Siemens Energy](https://endata.com/companies/6803.md) (partner)
- [Siemens Ltd. India](https://endata.com/companies/29231.md) (target)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-and-siemens-energy-shape-solution-provide-stability-and-accelerate-separation), 2023-11-15: "Siemens intends to acquire 18% in Siemens Ltd. India for a purchase price of 2.1 billion euro"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.