https://www.taxtmi.com/news?id=71018 The Competition Commission of India approved a proposed combination for the slump sale of the low voltage motor business of Siemens Limited to Innomotics India Private Limited. The Target Business sells low voltage motors for industrial applications in India and exports under an outsourced manufacturing model. Innomotics, part of KPS Capital Partners, is an industrial motors manufacturer supplying high and medium voltage motors and large drive systems to sectors including oil and gas, metals, cement, power and marine. A detailed order will follow. en-us Fri, 13 Feb 2026 09:22:44 +0530 Fri, 13 Feb 2026 09:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71018 The Competition Commission of India approved a proposed combination for the slump sale of the low voltage motor business of Siemens Limited to Innomotics India Private Limited. The Target Business sells low voltage motors for industrial applications in India and exports under an outsourced manufacturing model. Innomotics, part of KPS Capital Partners, is an industrial motors manufacturer supplying high and medium voltage motors and large drive systems to sectors including oil and gas, metals, cement, power and marine. A detailed order will follow. News - Fri, 13 Feb 2026 09:22:44 +0530 https://www.taxtmi.com/news?id=71018