Innomotics India Private Limited agreed to acquire Low Voltage Motors and Geared Motors business from Siemens Limited (NSEI:SIEMENS) for enterprise value of INR 2.2 billion on December 8, 2025. The consideration of INR 2.2 billion is based on a cash-free, debt-free basis, subject to mutually agreed adjustments.

For the period ending September 30, 2025, Low Voltage Motors and Geared Motors business of Siemens Limited reported total revenue of INR 9.67 billion and profit from operations as INR 350 million.

The transaction is contingent upon fulfillment of customary conditions precedent, including requisite regulatory and statutory approvals such as clearance from the Competition Commission of India and is expected to close in June 2026. The deal is subject to and has been approved by Siemens Limited board. The transaction received approval from the competition commission of India on February 12, 2026. The Proposed Transaction is yet to be consummated based on the steps agreed between the parties.

Niren Patel, Arindam Ghosh, Shashank Patil, Anshul Prakash, Anshuman Sakle, Anisha Chand, Rahul Jain, Harsh Khemka of Khaitan & Co. acted as legal advisors to Siemens Limited. AZB & Partners acted as a legal advisor to Innomotics India Private Limited. The transaction team consisted of Divya Mundra and Kritika Agarwal with support from Nishanth Ravindran, Ajay Singh Solanki, Nandan Pendsey, and Ruchit Parikh on due diligence aspects; Nikunj Maheshwari on financing aspects; Aditya Singh Chandel on tax aspects and Bharat V Budholia on anti-trust aspects.