Siemens’s €3 Billion Motor Unit Said to Draw Nidec, KPS Bids
- Suitors have been selected to make second-round bids
- It’s not immediately clear if other bidders remain in process
This article is for subscribers only.
Japan’s Nidec Corp. and private equity firm KPS Capital Partners are competing to acquire Siemens AG’s Innomotics large motors business, which could fetch about €3 billion ($3.3 billion) in a sale, according to people familiar with the matter.
The suitors have been invited to make second-round bids for Innomotics, the people said, declining to be identified because the information is private.