Nidec and KPS in Bidding War for Siemens' €3 Billion Motors Unit

The acquisition of Innomotics is a key move in Siemens' strategic shift towards software-driven products.

Japan's Nidec and U.S. private equity firm KPS Capital Partners are in a bidding war to acquire Siemens AG's Innomotics large motors business, valued at approximately €3 billion.
The sale of Innomotics, which specializes in heavy-duty electric motors, marks a significant step in Siemens' strategic overhaul towards more profitable, software-driven products.
Innomotics employs around 15,000 people worldwide, generates annual revenue of about €3 billion, and has an EBITDA of €300 million to €400 million.
The acquisition could be the largest deal for Nidec, significantly impacting its market position in the electric motors sector.
Deliberations are ongoing, with no certainty that the bids will lead to a transaction; representatives for Siemens, KPS, and Nidec have not commented on the matter.