Nidec and KPS in bidding battle for Siemens' Innomotics business

Nidec and KPS Capital Partners are reported to be competing to acquire Innomotics, the motors and large drives business spun off by Siemens, which has sales of €3bn and could fetch a similar sum.

“The Japanese motor-maker Nidec and the US private equity firm KPS Capital Partners are reported to be in a bidding battle to acquire Innomotics”drivesncontrols.com

• 1 source
• drivesncontrols.comNidec and KPS ‘in bidding battle’ for Siemens business - Drives&ControlsMar 15, 2024

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