Innomotics India Acquires the Low Voltage Motors Business from Siemens Limited
Innomotics India Pvt. Ltd., a subsidiary of the Nuremberg-based Innomotics GmbH, has solidified its strategic trajectory by signing a landmark agreement with Siemens Limited to acquire the Low Voltage (LV) Motors and Geared Motors business in India. This acquisition is poised to be executed in the coming months, enabling Innomotics