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Press Release23 September 2024Smart InfrastructureZug
Siemens to carve out electric vehicle charging business to enable next level of growth
The carve out of Siemens eMobility, which today has a strong
technological core and portfolio, will give the business entrepreneurial
freedom to transform into a more agile, focused and efficient market player. It
will enable Siemens eMobility to better leverage opportunities in the
fast-growing and dynamic electric vehicle (EV) charging infrastructure market.
Siemens has made targeted organic investments to build the eMobility
business’ technology leadership and strengthen the product portfolio. The
business has also executed multiple acquisitions including most recently
Heliox, a specialist in DC fast charging solutions, focused on eBus and eTruck
fleets. The Heliox acquisition extended Siemens’ market reach, primarily in
Europe and North America, while improving capabilities in power electronics.
The upcoming carve-out will combine Siemens eMobility and Heliox into a
dedicated legal structure, well-positioned to build on the experience and
innovation of Siemens and the pioneering culture of Heliox. This future setup
will create optimal conditions to drive progress and expand leadership in the
market, further accelerating the sustainable transformation of mobility.
“The new setup of eMobility will enable the business to accelerate
profitability by focusing on high potential business segments and strategically
relevant geographies. It will have more freedom to define its focus areas based
on business strengths. This business will be well positioned to foster new
partnerships to increase customer access through new sales channels and enrich
capabilities in new end markets,” said Matthias Rebellius, Member of the
Managing Board of Siemens AG and CEO of Smart Infrastructure. “Building up
charging infrastructure for electric vehicles is crucial to achieving the
electrification of transport, a central piece in the aspiration to reach net
zero by 2050.”
Siemens
eMobility offers IoT-enabled hardware, software and services for AC and DC
charging from 11 kW to 1 megawatt for a broad range of applications. Today, the business has production and R&D
sites in Germany, Portugal, the United States, India and the Netherlands.
Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings, and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions, and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland. As of September 30, 2023, the business had around 75,000 employees worldwide.
Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company, Siemens Healthineers, a leading global medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 305,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.
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