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Siemens' motors biz divestment upsets street, management says it is 'fair deal' - Vimarsana News

Siemens' motors biz divestment upsets street, management says it is 'fair deal'

Published: May 24, 2023

At least three brokerages have downgraded the price target and lowered the rating after the company announced a deal to sell its low voltage motors and geared motors businesses to an arm of its German parent.

Source: moneycontrol.com
Related Topics:
Umesh RautPrabhudas LilladherSunil MathurPriyankar BiswasSiemen Digital IndustriesDigital IndustriesSiemens Large Drives India PrivateResearch AnalystShareholders Of Siemens LtdSiemens LtdChief Executive Officer Sunil MathurSiemens Large Drives India Private LimitedNomura Financial AdvisoryKotak Institutional EquitiesMass Tech ControlInstitutional Equities
Siemens to acquire Mass-Tech Controls' EV division, expanding eMobility offering in India - Vimarsana News

Siemens to acquire Mass-Tech Controls' EV division, expanding eMobility offering in India

Published: May 20, 2023

Siemens Limited, signed an agreement today to acquire the EV division of Mumbai-based Mass-Tech Controls Private Limited.

Source: equitybulls.com
Related Topics:
Subhash PatilSunil MathurMarkus MildnerTech Controls PrivateMass Tech ControlSiemens LimitedMumbai Based Mass Tech Controls PrivateMass Tech ControlsMobility Business UnitSmart Infrastructure BusinessSiemens IndiaManaging DirectorChief Executive OfficerMass Tech Controls Private LimitedSiemens Smart