New Delhi, April 14 -- Germany-based electric motor and large-drive systems maker Innomotics GmbH looks to deepen its India presence as it enters the final leg of the proposed acquisition of Siemens Ltd's domestic low-voltage motor business, according to a top executive at the company.

"This more or less completes our portfolio and the carve-out from Siemens in a long-planned exercise. It makes us much stronger in India," chief executive Michael Reichle told Mint.

In December, Innomotics announced that it would acquire Siemens' low-voltage and geared-motor business in India for Rs.2,200 crore. The deal is expected to close in June this year.

The acquisition is a part of the manufacturer's long-term plan to bring its core business lines...