Japan's Nidec, KPS compete for Siemens's Innomotics unit, Bloomberg News reports-March 2024-www.financetom.com

Japan's Nidec, KPS compete for Siemens's Innomotics unit, Bloomberg News reports

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Japan's Nidec, KPS compete for Siemens's Innomotics unit, Bloomberg News reports

Mar 11, 2024 7:04 PM

March 11 (Reuters) - Japan's Nidec Corp ( NNDNF ) and

U.S.-based private equity firm KPS Capital Partners are

competing to acquire Siemens AG's Innomotics large

motors business, which could fetch about 3 billion euros ($3.28

billion) in a sale, Bloomberg News reported on Monday, citing

people familiar with the matter.

($1 = 0.9149 euros)

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