CCI Approves Siemens Motor Business Acquisition by Innomotics India
The Competition Commission of India (CCI) has approved the acquisition of the low voltage motor business of Siemens Limited by Innomotics India Private Limited. The acquisition, described as a slump sale, involves Innomotics obtaining the business which produces low voltage motors for industrial applications in India, and which also engages in exports. This move sees Innomotics, part of KPS Capital Partners, extending its reach in the motor supply sector.
Source: Original Link