CCI approves acquisition of low voltage motor business of Siemens Ltd. by Innomotics India Pvt Ltd.

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....CI approves acquisition of low voltage motor business of Siemens Ltd. by Innomotics India Pvt Ltd.<BR>News and Press Release<BR>Dated:- 13-2-2026<BR><BR>Competition Commission of India has approved th....

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....e proposed combination involving Amundi Asset Management S.A.S. (Acquirer) and ICG Plc (Target). The proposed combination pertains to the slump sale of the low voltage motor business of Siemens Lim....

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....ited (Target Business) by Innomotics India Private Limited (Acquirer). The Acquirer is engaged in the manufacturing and supply of industrial motors (High and Medium voltage) and large drive systems....

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.... (Medium voltage) to sectors such as oil & gas, metals, cement, power & marine&nbsp;etc.&nbsp;The Acquirer is part of KPS Capital Partners, LP. The Target Business is currently owned by the Siemens....

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.... Limited. It sells low voltage motors for industrial applications in India and also exports them by following an outsourced manufacturing model. Detailed order of the Commission will follow. ===....

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....==========<BR> News - Press release - PIB....