Acquisitions13 Feb 2026, 09:41 pm
Siemens Ltd Receives CCI Approval for Low Voltage Motors Sale to Innomotics
AI Summary
Siemens Ltd has announced that it has received approval from the Competition Commission of India (CCI) for the sale of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited. The proposal was initially announced in December 2025. The detailed order from the CCI is still awaited. The transaction is yet to be completed, pending agreed steps between the parties.
Key Highlights
- Siemens Ltd receives CCI approval for the sale of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited
- The Proposed Transaction is yet to be consummated based on the steps agreed between the parties