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Press Release01 June 2026Siemens AGMumbai
Siemens Limited successfully closes sale of Low Voltage Motors business to Innomotics India Pvt. Ltd.
Siemens Limited has closed the sale of its Low Voltage Motors and Geared Motors businesses, including the related customer service operations (collectively referred to as the Low Voltage Motors business), to Innomotics India Pvt. Ltd.
Siemens Limited has closed the sale of its Low Voltage Motors and Geared Motors businesses, including the related customer service operations (collectively referred to as the Low Voltage Motors business), to Innomotics India Pvt. Ltd.
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- Siemens Limited Board approves sale of Low Voltage Motors and Geared Motors business to Innomotics India Private Limited for INR 2,200 crore
Siemens Limited is a leading technology company focused on industry, infrastructure, and mobility. The company's purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI - including generative AI - to real-world applications, making AI accessible and impactful for customers across diverse industries. For everyone. Everywhere. Sustainably. Further information is available on the Internet at www.siemens.com.
Forward-looking statements: "This document contains forward-looking statements based on beliefs of Siemens' management. The words 'anticipate', 'believe', 'estimate', 'forecast', 'expect', 'intend', 'plan', 'should', and 'project' are used to identify forward looking statements. Such statements reflect the company's current views with respect to the future events and are subject to risks and uncertainties. Many factors could cause the actual result to be materially different, including, amongst others, changes in the general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services, and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend to assume any obligation to update these forward-looking statements."
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Siemens Limited, Media Relations Bijesh Kamath,
+91 22 6251 7000
bijesh.kamath@siemens.com
