Japan's Nidec, KPS Capital Partners Competing Over Siemens's Innomotics Unit, Bloomberg Reports
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Dow Jones
-- Japan's Nidec and private-equity firm KPS Capital Partners are competing to acquire Siemens's Innomotics large motors business in a deal that could fetch around 3 billion euros ($3.28 billion), Bloomberg reports, citing unnamed sources.
-- Electric-motor manufacturer Nidec and KPS Capital Partners have been invited to make second-round bids, Bloomberg reports.
-- Siemens declined to comment when approached by Dow Jones Newswires. Nidec and KPS Capital Partners didn't immediately respond requests for comment.
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Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
March 12, 2024 04:21 ET (08:21 GMT)
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