Dentons has advised KPS Capital Partners, LP, the global private equity firm focused on investing across a range of manufacturing industries, on its acquisition of Innomotics GmbH, a world-leading electric motors and large drives company, from Siemens AG for €3.5 billion. The sale is expected to close in Q4 2024 or Q1 2025 and is subject to customary closing conditions and approvals.
Innomotics is a leading global supplier of mission-critical electric motor and large drive systems that optimize customers’ processes, uptime, efficiency and profitability. Innomotics’ products and services are capable of addressing its customers’ most demanding requirements while enabling significant energy savings, decarbonization and sustainability. The Company generates approximately €3.3 billion in revenue and employs approximately 15,000 people worldwide, with 16 factories and a comprehensive sales-and-service setup in 49 countries.
Stephen Levy, partner in Dentons' UK Corporate team, said, "We're delighted to advise long-standing client KPS on this significant and global acquisition, across many of our jurisdictions worldwide."
The Dentons team, which was led by Corporate partners Stephen Levy and James Davison and Corporate associate Ben Havard, provided global (excluding US, Germany, and China) diligence and input into the transaction documents and regulatory matters. In addition, a team of Paul, Weiss, Rifkind, Wharton & Garrison LLP, Gleiss Lutz, and Fangda Partners advised KPS on the acquisition.