Siemens sells Low Voltage Motors business to Innomotics India for ₹2,200 cr

Siemens Ltd sells Low Voltage and Geared motors business to Innomotics India for Rs 2,200 cr

Siemens Ltd completed the divestiture of its Low Voltage and Geared Motors business to Innomotics India for Rs 2,200 crore (Rs 22 billion), structured as a slump sale on a cash-free, debt-free basis. The deal signals Siemens' continued portfolio pruning toward higher-margin industrial software and automation, reducing exposure to commoditized hardware manufacturing in emerging markets.