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Press Event, updated29 November 2012Siemens AG / Smart Infrastructure / Siemens Mobility GmbHMunich

Telephone Conference: Siemens strengthens core activities

Munich, 29 November 2012

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Siemens has entered into an agreement to acquire Invensys Rail, the rail automation business of Invensys for approximately €2.2 billion (£1.742 billion). At the same time, the company plans to divest its baggage handling, postal and parcel sorting activities. Both planned transactions are part of the recently launched "Siemens 2014" company program, which amongst others, is aimed at strengthening the company's core activities.

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Siemens held a telephone conference on those latest developments in the Siemens Infrastructure and Cities Sector on November 29, 2012. The telephone conference was broadcast live on the internet.

Press Release28 November 2012