• OPEN AN ACCOUNT
Indian Indices
Nifty
25,758.00 -81.65
(-0.32%)
Sensex
84,391.27 -275.01
( -0.32%)
Bank Nifty
58,960.40 -261.95
( -0.44%)
Nifty IT
37,789.90 -340.70
( -0.89%)
Global Indices
Nasdaq
47,580.49 -179.84
(-0.38%)
Dow Jones
6,861.32 -6.19
(-0.09%)
Hang Seng
50,565.27 -89.83
(-0.18%)
Nikkei 225
9,661.39 19.38
(0.20%)
Forex
USD-INR
90.09 0.19
(0.21%)
EUR-INR
104.90 0.24
(0.23%)
GBP-INR
120.04 0.25
(0.21%)
JPY-INR
0.58 0.00
(0.12%)

EQUITY - MARKET SCREENER

Siemens board OKs to sale Low Voltage Motors biz for Rs 2,200 cr
09-Dec-25   12:18 Hrs IST
The Low Voltage Motors segment handles the design, development, testing, maintenance, and sale of low-voltage AC motors for direct-on-line applications, including IEC-compliant models with surface cooling fins across ranges such as 1LE7, 1SE0, 1LA2, 1PQ0, 1LA8, 1PQ8, 1MB7, and customized variants like 1PT0 and 1PC7. It also produces geared low-voltage motors and provides related customer services, spare parts, and ancillary products.

For the twelve months ended September 30, 2025, the Low Voltage Motors business recorded revenue from operations of Rs 967 crore and profit from operations of Rs 35 crore. This represents 6% of the company's revenue from operations and 2% of the company's profit from operations (each excluding Energy business which got demerged from the company effective March 1, 2025) for the 12 months ended September 30, 2025.

The rationale for transferring the business is that, on October 1, 2024, Siemens AG completed the sale of Innomotics GmbH (along with its affiliates) to KPS Capital Partners, including all related intellectual property (IP). As a result, the company no longer has the necessary IP or technical capabilities to support the Low Voltage Motors business independently. Since this business primarily operates as a sales organization with outsourced manufacturing and relies heavily on Innomotics (now owned by KPS) for technology and other essential support, the board determined that selling the Low Voltage Motors business to Innomotics India was the most suitable option.

The transaction is expected to close in June 2026, contingent upon fulfillment of customary conditions precedent, including requisite regulatory and statutory approvals such as clearance from the Competition Commission of India, as may be applicable.

Sunil Mathur, managing director and chief executive officer, Siemens, 'We are pleased to have found the right home for the business with Innomotics, ensuring continuity for our customers and employees. Given Siemens having limited synergies with the Low Voltage Motors business, this decision is in the best interests of all stakeholders.'

Siemens is a technology company focused on industry, infrastructure and mobility. It mpowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable.

Siemens reported a 16% year-on-year rise in revenue to Rs 5,171 crore in Q4 FY25, supported by strong traction in the Mobility and Smart Infrastructure segments. Profit after tax came in at Rs 485 crore, 7.1% lower than the Rs 523 crore reported in Q4 FY24 as the base quarter had benefited from a one-time Rs 69 crore gain from a property sale.

The counter declined 2.31% to Rs 3130.65 on the BSE.

Powered by Capital Market - Live News