Siemens Limited announced the successful sale and transfer of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited. The transaction, valued at INR 22 billion on a cash-free, debt-free basis, was finalized on June 1, 2026. This strategic move aligns with Siemens’ focus on its core businesses, allowing for greater agility and dedicated resources for future growth initiatives in its other operational segments.
Key Transaction Announcement
Siemens Limited has officially completed the sale and transfer of its Low Voltage Motors and Geared Motors business. This significant transaction, which includes the associated customer service operations, was executed on a ‘slump sale’ basis. The buyer in this deal is Innomotics India Private Limited.
Financial Terms of the Sale
The total consideration for this business divestment amounts to INR 22 billion (Indian Rupees Twenty Two Billion). The agreement specifies a cash-free, debt-free basis, with potential adjustments as mutually agreed upon by the parties involved. The slump sale agreement was initially dated December 8, 2025.
Strategic Rationale and Future Outlook
This divestment marks a strategic step for Siemens Limited, allowing the company to streamline its portfolio and concentrate on other core areas of its operations. The company has provided a press release detailing this development, which is also available on its official website. The trading window for the company’s stock was closed from May 30, 2026, to June 3, 2026, inclusive, in connection with this transaction.
Source: BSE
