Siemens plans to list Innomotics on the stock exchange
The technology group Siemens wants to list its Innomotics business with motors and large drives on the stock exchange if possible. The company announced in Munich on Thursday that preparations for this are to begin. At the same time, offers from third parties for the business will also be examined and, if necessary, considered as an alternative, it said. The spin-off of Innomotics has now been largely completed. The new company employs 15,000 people.
Siemens could potentially list its electronics-focused Innomotics business in the industry-specific stock exchange. Potential suitors in the electronics industry might show interest in acquiring Siemens' Innomotics due to its significant presence and innovative technologies.
Source: www.dpa.com
