Germany-based electric motor and large-drive systems maker Innomotics GmbH looks to deepen its India presence as it enters the final leg of the proposed acquisition of Siemens Ltd's domestic ...

Siemens is restructuring its drive technology portfolio: Less than two months after announcing the acquisition of ebm-papst's Industrial Drive Technology (IDT) division, Siemens is selling its ...

Abu Dhabi, United Arab Emirates: Innomotics Contracting LLC and Danfoss FZCO have extended the global contract signed earlier this year between Innomotics GmbH, Germany and Danfoss Drives A/S, Denmark ...

Siemens SIE 1.16% agreed to sell its Innomotics large motors business to private-equity firm KPS Capital Partners for 3.5 billion euros ($3.81 billion), including debt, the latest move by the German ...