# 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.

- Type: Acquisition
- Announced: 2024-03-15
- Where: Germany
- Value: $3.27B (3.00B EUR)
- Status: rumored
- Products: low- to high-voltage motors, geared motors, medium-voltage converters, motor spindles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [KPS Capital Partners](https://endata.com/companies/1184.md) (acquirer)
- [Nidec](https://endata.com/companies/1321.md) (acquirer)
- [Innomotics](https://endata.com/companies/76255.md) (target)

## Sources

- [drivesncontrols.com](https://drivesncontrols.com/nidec-and-kps-in-bidding-battle-for-siemens-business/), 2024-03-15: "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"

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