KPS Capital Partners to Acquire Innomotics from Siemens AG

KPS Capital Partners, LP announced 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. Completion of the transaction is expected in calendar Q4 2024 or Q1 2025 and is subject to customary closing conditions and approvals. 
 

Innomotics is a global supplier of mission-critical electric motor and large drive systems that optimize customers' processes, uptime, efficiency and profitability. The Company manufactures a complete portfolio of low voltage motors, high voltage motors, medium voltage drives and other components, in addition to providing value-added customer services and solutions. The Company serves large, highly technical end-markets with its engineering expertise and industry-leading track record of successful projects. Innomotics' products and services are capable of addressing its customers' most demanding requirements while enabling significant energy savings, decarbonization and sustainability.
 

Headquartered in Nuremberg, Germany, Innomotics generates approximately €3.3 billion in annual revenue, employs approximately 15,000 people and operates 16 factories across the EMEA, Americas and Asia-Pacific regions.

KPS, through its affiliated management entities, is the manager of the KPS Funds, a family of investment funds with approximately $21.4 billion of assets under management (as of December 31, 2023). For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage.