S&P
Global Ratings announced today that it has upgraded its long-term issuer rating
on Siemens AG to AA- from A+, the outlook remaining stable. According to
S&P Global Ratings, “Siemens AG continues to
successfully transform its industrial portfolio by focusing on high margin
businesses that have leading market positions and benefit from secular trends
like digitalization and decarbonization, while also divesting its lower margin
or more volatile businesses.”For the past
15 years, the rating agency has maintained an A+ rating for Siemens AG.“The upgrade
in our rating underlines once again Siemens AG’s financial strength. We
are pleased that S&P Global Ratings has given fitting recognition
to our outstanding cash performance and strong operating results. Our AA- rating
puts us well ahead of our peers and is a pleasant privilege”, said Ralf P. Thomas,
Chief Financial Officer of Siemens AG.
- $450 million equity investment supports Electrify America’s expansion plans in U.S. and Canada
- Siemens is first external investor in Electrify America LLC and becomes new shareholder; in line with company’s commitment to accelerate the shift to sustainable mobility
- $2.45 billion post-money valuation for Electrify America confirms Volkswagen's successful e-mobility strategy in North America
- NEW AUTO: Charging & Energy is strategic pillar and core business of the Volkswagen Group
Wolfsburg, June 28, 2022 – The Volkswagen Group and Siemens support the ambitious growth plans of Electrify America, LLC - the largest public ultra-fast charging network for electric vehicles from all vendors in North America. Volkswagen together with Siemens, the leading global technology company, is investing $450 million, valuing Electrify America at $2.45 billion. Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.
- Companies intend to jointly deliver managed services, leveraging the breadth of Siemens’ and partner solutions to manage e-Truck fleets, energy, charging infrastructure and facilities
- Data-driven, turnkey management of critical assets to enable scaling to robust fleet operations for Volta Trucks customers
Siemens Smart Infrastructure
and Volta Trucks, the leading full-electric commercial vehicle manufacturer
and services provider, today
announced a strategic partnership to deliver and scale eMobility charging
infrastructure to simplify the transition to fleet electrification.
- Hydrogen generation plant with electrical capacity of 8.75 megawatts opened in Wunsiedel
- Facility to generate 1,350 tons of hydrogen a year and cut CO2 emissions by about 13,500 tons
- Opening attended by Bavarian Minister-President Markus Söder and Siemens Managing Board member Matthias Rebellius
- Siemens is technology and financing partner
In Wunsiedel, Upper Franconia,
one of Germany’s largest green hydrogen generation plants has been planned
digitally and commissioned by Siemens, demonstrating the key role hydrogen can
play in Germany’s energy future.
Around
one year after the official groundbreaking ceremony, Bavaria’s Minister-President
Markus Söder, Siemens Managing Board member Matthias Rebellius and Siemens Financial
Services CEO Veronika Bienert handed over the plant to the operating company
WUN H2, represented by Managing Directors Thilo Rießner and Philipp Matthes.
- Siemens is expanding its ecosystem and is for the first time offering its partners’ solutions specifically designed for additive manufacturing on the Siemens Xcelerator Marketplace
- Castor, EOS, and AMbitious are the first partner offerings that complement the Siemens solutions; they’re appropriate for users entering the field of additive manufacturing
- Accelerate the industrialization of AM with Siemens Xcelerator and easy-to-use, interoperable, and end-to-end ecosystem solutions
Over the last few years, Siemens has successfully built an ecosystem that encompasses numerous partnerships along the entire value chain for the industrialization of additive manufacturing. This includes more than 110 machine manufacturing companies that produce the highest-quality components based on Siemens automation as well as leading producers offering integrated software solutions.
- New seven-year energy performance contract extension signed between Siemens and Australia’s Melbourne Cricket Club (MCC)
- Technology and services from Siemens Xcelerator enabled the iconic Melbourne Cricket Ground to achieve north of A$5m savings in energy costs over seven years
- Greenhouse gas emissions reduced by 50,089 tons over same period (equivalent to taking around 10,000 cars off the road)
Australia’s
home of sport, the iconic Melbourne Cricket Ground (MCG) has, over a seven-year
period, achieved higher than expected energy, cost and emissions savings under an
energy performance contract (EPC) between Siemens and the Melbourne Cricket
Club (MCC).
- Turnkey
contract to integrate the delivery and commissioning of fully automated,
driverless metro trains, digital
rail infrastructure including signalling, electrification, telecoms, platform
screen doors and depot
- Providing
latest digital products and platforms, optimizing
operations throughout the network for the trains, rail infrastructure and
subsystems
- 15-year
maintenance contract, first time usage of digital asset management applications
by Railigent X in Australia
Siemens Mobility is the system integrator and
reliable partner for on time delivery of the city-shaping project Sydney Metro
– Western Sydney Airport, the new metro railway line that will service between
St Marys, the new Western Sydney International Airport and the
Western Sydney Aerotropolis. The company has been awarded
a contract to deliver 12 automated, driverless 3-car metro trains, a purpose built
depot, the digital rail infrastructure including signalling, electrification, telecoms
and platform screen doors as well as system integration, testing and
commissioning. The company will also complete a 15-year maintenance contract.
Siemens Mobility is delivering the turnkey project as a member of the Parklife
Metro consortium with its partners Webuild, RATP Dev, Siemens Financial
Services and Plenary Group, all with strong international experience in
delivering infrastructure projects. The Siemens Mobility portion of the contract is 900 million Euro.
- Siemens to integrate Amazon Bedrock into its Mendix low-code development platform to allow customers to create new and upgrade existing applications with the power of generative AI
- Access to Amazon Bedrock’s advanced generative AI technologies will help customers accelerate digitalization and tackle skilled labor shortages
- Mendix is an industry leader in low-code development with 50M end-users and more than 200,000 applications running on AWS across industrial, finance and other sectors
Siemens and Amazon Web
Services (AWS) are strengthening their partnership and making it easier for
businesses of all sizes and industries to build and scale generative artificial
intelligence (AI) applications. Domain experts in fields such as engineering
and manufacturing, as well as logistics, insurance or banking will be able to
create new and upgrade existing applications with the most advanced generative
AI technology. To make this possible, Siemens is integrating Amazon Bedrock - a
service that offers a choice of high-performing foundation models from leading
AI companies via a single API, along with security, privacy, and responsible AI
capabilities - with Mendix, the leading low-code platform that is part of the
Siemens Xcelerator portfolio.
- Expansion of existing partnership with transit
operator Metrolinx
- Increasing system availability and reliability for
Toronto’s passenger railway system
Siemens
Mobility has been chosen by Metrolinx, the regional public transit operator
for the Greater Toronto and Hamilton Area, to handle their track, signal, and right-of-way maintenance for the
Central Region of Toronto's passenger railway infrastructure system. This
partnership builds upon Siemens Mobility's existing maintenance services in the
West Region and signal and communications services at the Metrolinx Network
Operations Center.
- With key leadership decisions, Supervisory
Board demonstrates confidence in the strategy and trajectory of Siemens AG as a
leading technology company
- Announcement of five-year contract
extension for Roland Busch (59) as President and CEO, from April 1, 2025
- Intention confirmed to extend appointment
of Cedrik Neike (51), member of the Managing Board and CEO of Digital
Industries, for a further five years from June 1, 2025
The Supervisory Board of Siemens AG confirmed a five-year contract extension for President and Chief Executive
Officer Roland Busch from April 1, 2025. The move is a mark of support for the
strategy of Siemens as a leading technology company, with the current Managing
Board driving three years of record financial performance and the further
strategic development of the company.