BRUSSELS À JOUR – Rockin‘ Around the Christmas Tree
19 December 2024
The Managing Board and Supervisory Board of Siemens AG have approved the sale of Innomotics, a world-leading electric motors and large drives company, to KPS Capital Partners. The contracting parties signed a corresponding agreement following the approval by the Managing Board and Supervisory Board. The purchase price (enterprise value) is €3.5 billion.
The sale to KPS is expected to close in the first half of fiscal 2025 and is subject to foreign-investment and antitrust approvals.
Hengeler Mueller advised Siemens comprehensively on the transaction.
Hengeler Mueller team for Siemens
M&A: Hans-Jörg Ziegenhain, Daniel Möritz (both partners, both lead), Christoph Roth, Sophie Zeidler, Johannes Schmidt, David Negenborn, Lisa Schwarz, Alexander Bömer, Daniel Omasreiter (all associates, all Munich),
Tax: Matthias Scheifele, Gunther Wagner (both partners), Tim Würstlin, Carina Kämpf (associates, all Munich),
Capital Markets: Alexander G. Rang (partner), Dennis Stottmann (associate, both Frankfurt),
Public Law/Investment Screening/FSR: Jan D. Bonhage (partner), Erasmus Hoffmann (counsel), Tassilo Keiber, Matthias Schindlbeck, Daniel Drescher (all associates, all Berlin),
Antitrust: Markus Röhrig (partner, Brussels), Anja Balitzki (counsel, Dusseldorf), Christoph M. Sielmann (associate, Brussels),
Finance: Henning Hilke (partner, Frankfurt),
Employment: Christian Hoefs (partner, Frankfurt),
IP: Matthias Rothkopf (counsel).
