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Siemens sells Innomotics to private equity firm

Siemens is restructuring its drive technology portfolio: Less than two months after acquiring the Industrial Drive Technology (IDT) division from ebm-papst, the technology group is selling its Innomotics business for large drives and certain electric motors to KPS Capital Partners. ....

Ralfp Thomas , Weiss Spindeltechnologie , Michael Reichle , Digital Industries , Industrial Drive Technology , Siemens Large Drives Applications , Chief Financial Officer , Chief Executive Officer ,

Europe: Shares snap nine-day winning streak as Siemens weighs

Europe: Shares snap nine-day winning streak as Siemens weighs
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