# KPS Capital Partners to acquire Innomotics from Siemens for €3.5B

KPS Capital Partners signed a definitive agreement to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion. The transaction is expected to close in Q4 2024 or Q1 2025.

- Type: Acquisition
- Announced: 2024-05-16
- Where: Nuremberg, Germany, Germany
- Value: $3.80B (3.50B EUR)
- Status: announced
- Products: electric motors, large drive systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [kpsfund.com](https://kpsfund.com/news/kps-capital-partners-to-acquire-innomotics-from-siemens-ag/), 2024-05-16: "KPS Capital Partners announced today that it has signed a definitive agreement to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion"
- [prnewswire.com](https://www.prnewswire.com/news-releases/kps-capital-partners-to-acquire-innomotics-from-siemens-ag-302147248.html), 2024-05-16: "KPS Capital Partners, LP announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion."
- [newpowertechnology.com](https://newpowertechnology.com/2024/06/06/siemens-to-sell-innomotics-motor-drive-biz-for-e3-5-billion-to-kps/), 2024-06-06: "Siemens is planning to sell off its Innomotics motor and drive business unit for €3.5 billion to investment portfolio company KPS Capital Partners."

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