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- Spin-off approved by 99.36 percent of capital stock represented
- Capital Market Day for Siemens
Energy planned for September 1, 2020
As expected,
a large majority of Siemens shareholders at today’s Extraordinary Shareholders’
Meeting voted to approve the spin-off of the company’s energy business to Siemens
Energy AG. This step paves the way for the establishment of an independent
company rigorously focused on the energy sector. In the future, Siemens AG will
concentrate on Digital Industries, Smart Infrastructure and Siemens Mobility. In total, 61.94 percent of the capital stock of Siemens AG entitled to vote was represented at
the shareholders’ meeting, which was held as a virtual event due to the coronavirus
crisis. Approval of the Spin-off and Transfer Agreement between Siemens AG and Siemens
Energy AG was the only item on the meeting agenda. The agreement was approved by a
majority of 99.36 percent of
the capital stock represented. The highest number of participants following the
Extraordinary Shareholders’ Meeting online was 3,870.
- Two SGT-400 gas turbine compression packages sold for U.S. pipeline service
Siemens Gas and Power was awarded a contract to supply two SGT-400 gas turbine compression packages for Midcoast Energy, LLC’s CJ Express pipeline expansion project in east Texas. WHC Energy Services, supported by Universal Pegasus International, will be the engineering, procurement and contracting (EPC) provider for the pipeline expansion project.
- Smart Infrastructure (SI) to acquire Brightly, a leader in
cloud-based asset and maintenance management software
- Perfectly complements Siemens’ digital offerings for buildings, with
strength in asset and energy management
- Acquisition puts Siemens in pole position to address fast-growing
software market for buildings and built infrastructure
- Purchase price of USD 1.575 billion plus earn-out
Siemens Smart Infrastructure (SI), the frontrunner in digital buildings, has
signed an agreement to acquire Brightly Software, a leading U.S.-based software-as-a-service
(SaaS) provider of asset and maintenance management solutions. The acquisition elevates
SI to a leading position in the software market for buildings and built
infrastructure. The purchase price is USD 1.575 billion, plus an earn-out. The
acquisition will add Brightly’s well-established cloud-based capabilities across
key sectors – education, public infrastructure, healthcare, and manufacturing –
to Siemens’ digital and software know-how in buildings. It also accelerates the
build-up of Siemens’ SaaS business and enables Siemens and Brightly together to
deliver superior performance and sustainability for built infrastructure. Brightly
is expected to benefit from Siemens’ global presence, while Siemens leverages the
software provider’s footprint in the U.S. market. Siemens will realize significant
synergies between Brightly’s capabilities and its own portfolio with an
expected mid-triple-digit million net present value. The transaction is subject
to regulatory approvals, with closing expected in calendar year 2022. The
acquisition will be EPS
accretive pre-PPA in the second year after closing.
- 60,000 customers now
benefit daily from more space, greater comfort and more security cameras – new
483/484 series ensures reliable service
With immediate
effect, DB is completely converting the S8 line to its newest generation of
trains. The modern trains with their distinctive flat front are already
reliably operating on three of Berlin’s S-Bahn lines. As of today, around
60,000 passengers using the S8 will also benefit from better information, more
security cameras, and additional space for wheelchair users, strollers and
bicycles. Rather than operating with four cars, the new trains have six. In
addition, the S8 line has been extended from Birkenwerder to Wildau via Zeuthen
during peak traffic periods. Together with the S46, the two lines now ensure
environmentally friendly connections to the nearby Studentenstadt.
- Assesses the utility industry’s risk, readiness, and solutions to secure operational technology on the grid and recommends action to help utilities combat cyber threats
- Results show risk is worsening, with potential for severe financial, environmental and infrastructure damage
- 54 percent of those surveyed in the utilities industry expect an attack on critical infrastructure in the next 12 months
Siemens and the Ponemon Institute today released a new report
that assesses the global energy industry’s ability to meet the growing threat
of cyber attacks to utilities and critical infrastructure connected to the
electrical grid. The report –Caught in the Crosshairs: Are Utilities
Keeping Up with the Industrial Cyber Threat?– details the utility
industry’s vulnerability to cyber risk, readiness to address future attacks,
and provides solutions to help industry executives and managers better secure
critical infrastructure. The results of the report were released at a forum
hosted by the Atlantic Council in Washington, D.C. focused on the growing
national, economic, and energy security threat that cyber attacks pose to the
utility industry.
- Siemens Mobility is a major
player in the French railway market
- The group employs 750 people in
France
Siemens
Mobility, the world leader in rail transportation, announces today the
appointment of Laurent Bouyer as CEO of Siemens Mobility France. He was
previously President of Bombardier Transportation France and Benelux.
- New 900-megawatt (MW) combined cycle power plant to provide over eight percent of Alberta’s energy supply
- Siemens Energy to provide its state-of-the-art natural gas turbine technology and service
- Project designed to significantly reduce the province’s carbon footprint from energy
Futhering its commitment to decarbonizing the energy sector worldwide, Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the planned 900 MW Cascade Power Plant in Alberta, Canada. The project supports the decarbonization of Alberta's power supply by switching from coal to natural gas. Once operational, the power plant is expected to reduce Alberta’s carbon emissions from energy production by up to five percent.
- Morocco’s
National Office of Electricity and Drinking Water (ONEE) launches an ambitious
transformation project in collaboration with Atos and Siemens
Atos, Siemens and Morocco’s National
Office of Electricity and Drinking Water (Office National de l'Électricité et
de l'Eau potable, ONEE) are pleased to announce their collaboration on a large
project for the smart management of the local power grid (“smart grid”). Atos
and Siemens are working on deploying a smart energy metering platform that will
allow ONEE to efficiently process the data collected by more than 100,000 smart
meters that will be installed across the country, thus optimizing energy
consumption and management of the national grid while meeting Morocco's growing
energy needs.
- Sqills is a leading Software as a Service (SaaS) provider for
inventory management, reservation, and ticketing software
- The acquisition highlights Siemens Mobility’s dedication to developing
its software portfolio for digital intermodal and connected mobility solutions
Siemens Mobility has completed the acquisition of the Netherlands based company Sqills. Sqills is a leading provider in the provision of cloud-based inventory management, reservation, and ticketing software to public transport operators around the world. Sqills will be managed as separate legal entity and wholly owned subsidiary of Siemens Mobility, a structure that will allow Sqills to strengthen its leading position in offering innovative, smart, and comprehensive mobility solutions.