Engineers inspecting industrial motors in a busy factory.
Innomotics is poised to acquire the low-voltage (LV) motor business of Siemens in a deal valued at approximately ₹2,200 crore. This strategic carve-out, which has been in development for the past four to five years, is backed by KPS Capital Partners. The transaction is anticipated to conclude by the first quarter of fiscal year 2027.
The acquisition signifies a major move for Innomotics, aiming to consolidate its position in the industrial machinery sector. The involvement of KPS Capital Partners, a private equity firm known for its focus on manufacturing and industrial companies, underscores the strategic importance of this transaction.
In a separate corporate announcement, Creightons has officially rebranded itself as Potter & Moore. While details surrounding the rationale for this rebranding are limited, it represents a distinct corporate development independent of the Innomotics-Siemens deal.
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