KPS Capital to Buy Siemens’ Motors & Drives Supplier in $3.8B Deal - Modern Distribution Management

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KPS Capital to Buy Siemens’ Motors & Drives Supplier in $3.8B Deal

KPS acquired Innomotics, which it says is well-positioned to capitalize on the global megatrends of electrification and energy efficiency.
Innomotics
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Frankfurt, Germany-based KPS Capital Partners will acquire global electric motor and large drive system supplier Innomotics from Siemens AG for $3.8 billion.

The transaction is expected to close in the fourth quarter, or the first quarter of 2025. 

Nuremberg, Germany-based Innomotics manufactures a portfolio of low- and high-voltage motors, medium-voltage drives and other components, and provides value-added services and solutions to highly technical end markets. Innomotics launched in Germany as a separately managed legal entity of Siemens in July 2023. 

The 150-year-old company generates approximately $3.6 billion in annual revenue, employs around 15,000 people and operates 16 factories across the EMEA, Americas and Asia-Pacific regions.

“In many ways, KPS is investing in the future of the 21st century through Innomotics,” KPS Co-Founder and Co-Managing Partner Michael Psaros said in a May 16 news release. “The company is well-positioned to capitalize on the global megatrends of electrification, energy efficiency, digitalization, urbanization and the commercialization of new energy resources such as hydrogen.” 

Since 2020, KPS has acquired or committed to acquire 17 businesses for an aggregate value exceeding $11.5 billion from corporate sellers in Germany, Belgium, Italy, Ireland, Norway, Switzerland and the United Kingdom, Psaros said.

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