- Designed to optimize customers' asset value and performance for coal and steam-based power plants
- Siemens experts will work alongside customers to co-create solutions that help deliver higher efficiency, reliability and flexibility in operations
Siemens experts will work alongside customers to co-create solutions that help deliver higher efficiency, reliability and flexibility in operationsSiemens has officially opened its new MindSphere Application Center in India. The facility is a state-of-the-art digitalized technology center, supported by Siemens’ MindSphere, an open, cloud-based IoT operating system that lets customers connect machines and physical infrastructure to the digital world and their thermodynamic digital twins.
On September 26, 2017 Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens' mobility business, including its rail traction drives business, with Alstom. The transaction brings together two innovative players of the railway market with unique customer value and operational potential. The two businesses are largely complementary in terms of activities and geographies. Siemens will receive newly issued shares in the combined company representing 50 percent of Alstom's share capital on a fully diluted basis.On February 6, 2019 the European Commission has announced its decision to prohibit the proposed combination of the Siemens and Alstom mobility businesses. As a result of this prohibition, the merger will not proceed. Siemens and Alstom regret that the remedies they offered, including recent improvements, have been considered insufficient by the EU Commission.
The Siemens Zug campus features a new office building with 1,000 work spaces and a newly constructed production building. The Siemens Zug campus is one of the first new projects to use Building Information Modeling (BIM) for design and construction. The campus complex is equipped with building automation, security and fire safety technology from Siemens BT and particular emphasis was placed on sustainability and energy efficiency of the buildings.
The Fund for the Future that Siemens and the company’s Central Works Council agreed to establish in May 2018 is now available to finance qualification projects in Germany. Until the end of fiscal 2022, Siemens will provide up to €100 million for such projects, in addition to the company’s regular annual budget of around €500 million for training and continuing education, thereof €290 million in Germany. The Fund for the Future is a key element with which Siemens and the Central Works Council are shaping the structural transformation of today’s economy – a transformation that is changing the working world to an unimaginable degree. Siemens, the company's Central Works Council and the IG Metall labor union agreed on a Future Pact in May 2018. This pact, which includes the Fund for the Future, established the main framework for addressing the structural transformation now taking place in Germany.