Innomotics India, a subsidiary of Germany-based Innomotics GmbH, has signed an settlement to accumulate the Low Voltage (LV) Motors and Geared Motors enterprise from Siemens Restricted in India. The transaction is anticipated to be accomplished within the coming months, topic to customary approvals.
The acquisition will develop Innomotics India’s product portfolio, permitting it to supply LV motors and geared motors along with its present high-voltage motors and huge drive programs. Innomotics GmbH operates in 49 international locations and focuses on motor applied sciences, energy-efficient drive programs, and digital industrial options.
The addition of the LV enterprise is anticipated to strengthen Innomotics India’s presence throughout sectors comparable to metals, mining, water and wastewater, chemical compounds, and oil and gasoline. It additionally aligns the corporate’s India operations with its international construction, the place LV motors kind a core a part of the product vary.
Satish Godbole, Government Director, Innomotics India, mentioned the mixing of LV and geared motors would permit the corporate to consolidate its choices and serve a broader buyer base. He added that the expanded portfolio would help deeper market penetration and enhance the corporate’s capability to ship sector-specific motor and drive options.
The settlement marks an essential step in Innomotics India’s plan to scale its operations within the industrial motors phase following its separation from Siemens as an unbiased motors and drives firm.
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