Innomotics sale to KPS finalised

The sale of Innomotics, a global leader in electric motors and large drives based in Nuremberg, was completed on 1 October 2024. Innomotics had previously operated as a separate subsidiary of Siemens AG (‘Siemens’) since 1 July 2024. KPS Capital Partners LP (‘KPS’) is the new owner of Innomotics.

The closing of the sale marks an important milestone for Innomotics. The company aims to consistently expand its position as one of the world market leaders for electric motors and large drive systems To this end, Innomotics continues to pursue its clear purpose of ‘Redefining reliable motion for a better tomorrow’ and is redefining electric drive technology: the focus is on higher reliability and efficiency as well as sustainability. The demand for such products and solutions has been increasing significantly for years, particularly in traditional industrial sectors and in new energy markets such as ‘green hydrogen’ and the capture, use and storage of CO₂.

Coinciding with the sale, Innomotics is celebrating its first anniversary since the carve-out from Siemens AG and the conclusion of a successful financial year. Over the past few months, Innomotics has developed into an internationally recognised, independent and successful brand. With over 150 years of experience in the development of efficient and reliable electrical drive systems, now combined with the ability to make decisions even faster and thus respond to a rapidly changing market Innomotics is convinced that this will particularly benefit customers and employees worldwide.

Expansion of global technology leadership in electric drive technology

The partnership with KPS will allow Innomotics to continue its successful business development in the coming years: Innomotics is a technology leader in the development of electric drive systems KPS has a long track record of improving manufacturing companies by structurally enhancing the strategic position, competitiveness and profitability of its portfolio companies. In addition, Innomotics and Siemens will continue to work closely together on a trusting basis through product and development partnerships in selected areas.

Innomotics CEO Michael Reichle: ‘We are delighted to have KPS as an owner that is already deeply rooted in the manufacturing sector and has an excellent track record. We are confident about our sustainable success and the further development of our business, and we are equally impressed by the commitment and motivation of the global Innomotics team We see great potential for further profitable and sustainable growth, particularly in our key growth areas such as replacing steam and gas turbines with compressors driven by large electric motors, producing so-called ‘green hydrogen’, and in solutions for carbon capture, utilisation and storage (CCUS).