NEW YORK, May 16, 2024 PRNewswire -- KPS Capital Partners, LP announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion. Completion of the transaction is expected in calendar Q4 2024 or Q1 2025 and is subject to customary closing conditions and approvals.
With 16 factories and a comprehensive sales-and-service setup in 49 countries, Innomotics has a well-balanced global footprint across regions and industries in a resilient and growing market. Further information is available at www.innomotics.com.About KPS Capital Partners, LPKPS, through its affiliated management entities, is the manager of the KPS Funds, a family of investment funds with approximately $21.4 billion of assets under management .