![](https://news.europawire.eu/wp-content/uploads/2024/05/Siemens-Approves-Sale-of-Innomotics-to-KPS-Capital-Partners-for-E3.5-Billion-144x144.webp)
(IN BRIEF) Siemens AG has greenlit the sale of Innomotics, a world-leading electric motors and large drives company, to KPS Capital Partners, LP (“KPS”) for €3.5 billion. The decision to divest Innomotics aligns with Siemens’ strategic portfolio optimization efforts, providing … Read the full press release