Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

This notification concerns the following undertakings:

-- KPS Capital Partners, LP, US (“KPS”);

-- Innomotics GmbH, Germany; and

-- Innomotics LLC, US (jointly “Innomotics”).

KPS proposes to acquire, within the meaning of Art. 3(1), point (b) EUMR, via affiliated funds, sole control over Innomotics from Siemens Aktiengesellschaft. The proposed concentration will be accomplished by means of purchase of 100% of the shares in Innomotics.

The business activities of the undertakings concerned are:

-- For KPS: management of investment funds on a global scale through its affiliated management entities, focusing inter alia on investments in manufacturing and industrial companies across a diverse array of industries;

-- For Innomotics: development, production and global sale of low and high voltage electric motors and medium voltage drives, as well as accompanying solutions and services predominantly for the following industries: minerals (includes mining and cement), oil and gas, metals, water and wastewater, power/energy, chemicals, HVAC, and food and beverage.

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