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- Siemens AG to spin off 55 percent of Siemens Energy to Siemens shareholders
- Plans call for further reducing Siemens’ stake significantly within 12 to 18 months after spin-off’s effective date
- Siemens AG contractually obligated to ensure Siemens Energy’s autonomy and independence
- Siemens Energy to have strong capital and liquidity base; solid investment-grade rating targeted
- Initial listing of new shares planned for September 28, 2020
Siemens AG has today published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting on July 9, 2020. Issuance of the spin-off report marks another key milestone in the creation of an independent, world-leading energy pure play. Siemens shareholders are to automatically receive one share of Siemens Energy AG for every two shares of Siemens AG. Fifty-five percent of Siemens Energy will be spun off to Siemens shareholders. Depending on the strategic and operational development of the two companies, Siemens AG intends to further reduce its stake in Siemens Energy significantly within 12 to 18 months. In addition, Siemens has placed itself under a contractual obligation to refrain from exercising a controlling influence over the new company in the future. Subject to approval by the Extraordinary Shareholders’ Meeting, plans call for the spin-off to take place, as announced, by the end of September 2020. The initial listing is to take place on September 28th, 2020.
- Delivery of 28 three-car Mireo regional trains, with the latest DSD specifications, for the “Digital Node Stuttgart” pilot project of “Digital Rail Germany” (DSD)
- Trains capable of climbing steep grades and approved for Austria
- Ten-year maintenance contract
- Accelerated production with delivery beginning at the end of 2025
- Order volume worth approximately €300 million
Siemens Mobility has won the order for the delivery of 28 three-car
electric Mireo regional trains for the “Digital Node Stuttgart” (DKS) pilot
project of “Digital Rail Germany” (DSD). The trains will have complete DSD
equipment, including the latest automatic ETCS (European Train Control System) and Level 2 (GoA 2) Automatic Train Operation (ATO). The Mireo will be capable
of operating on steep grades and be approved for operation in Austria. The
framework agreement, signed with the State Institute for Rail Vehicles Baden-Württemberg
(SFBW), includes a ten-year maintenance contract with an option for extending
it by a further 20 years. The trains will be delivered in record time between
November 2025 and April 2026. The order is worth approximately €300 million.
- Siemens Mobility and SWEG open depot for
battery-powered trains in Offenburg
- New home for sustainable mobility and
predictive maintenance to ensure 100% availability of the fleet
- 27 zero-emission Siemens trains expected to
enter service in Network 8 “Ortenau” in mid-December 2023 – a first in Germany
- SWEG and the State of Baden-Württemberg sign
transport contract for Network 8
- First public test run of Mireo Plus B battery
train completed
After only
one-and-a-half years of construction, Siemens Mobility is opening a new railway
workshop in Offenburg together with Südwestdeutsche Landesverkehrs-GmbH (SWEG).
The new, modern depot will be used to maintain the Siemens Mireo Plus B
battery-powered trains that are expected to enter service in the Network 8
“Ortenau” as of mid-December 2023 – a first in Germany. SWEG will lease the
depot to Siemens Mobility for 30 years from June 2023. As part of the opening
ceremony today, the Mireo Plus B also took its first public test run on the
route between Offenburg and Gengenbach. In addition, Baden-Württemberg’s
Transport Minister Winfried Hermann and SWEG CEOs Tobias Harms and Dr. Thilo
Grabo signed the transport contract for Network 8 transferring operation of the
network from the state to SWEG for 15 years as of December 10, 2023.
- Siemens Mobility awarded €270 million contract to install digitalized CBTC technology across entire 94 km of track, including a new 6 km track
- Automated signalling will provide greater availability, enhanced operations, and passenger experience
- Digital maintenance and support services for the CBTC System for 25 years
Siemens Mobility has been awarded a €270 million contract by Sporveien AS in Oslo, Norway to install and maintain a Communications-Based Train Control system (CBTC) on the Oslo Metro. Siemens Mobility will completely replace the current legacy signalling with its digitalized CBTC technology which will provide greater automation and connectivity, allowing for a more efficient and centralized control of operations. Specifically, the optimization and renewal of the complete 94 km network will increase the availability, safety, and capacity of the Oslo Metro, while also equipping it to meet the future demands for mobility and the need for any potential expansions or upgrades. As part of this contract, Siemens Mobility will design, integrate, test, and commission the system, while also providing digital maintenance and support services for the CBTC system for 25 years.
- New combined cycle power plant Yerevan 2
- Plant operation and maintenance for 20 years
- Siemens to hold equity in special-purpose project company
Siemens will supply a complete power island for the new Yerevan 2 combined cycle power plant at the existing plant site in the Armenian capital. The company will also operate and maintain the plant for a period of 20 years. Siemens Financial Services (SFS) – Siemens' financing arm – holds a 40 percent share in the special-purpose project company ArmPower founded specifically for this project. Yerevan 2 is the largest single order that Siemens has ever received from Armenia.
- Turnkey construction and operation and maintenance for 20 years
- Order worth about €450 million
- 40 percent equity participation during project development phase
Siemens will build a new combined cycle power plant as a turnkey project in Landivisiau in western France. The company will also operate and maintain the plant for a period of 20 years. With an installed capacity of 446 megawatts, the power plant will help to reliably cover Brittany's growing demand for electricity. The order volume is approximately €450 million. Siemens Financial Services (SFS), the financing arm of Siemens, held an equity stake in the project, ensuring stability during the entire development phase.
- Siemens Mobility and Continental cooperate in manufacturing pantographs
for trucks
- Initiative of the Ministry of
Transport recommends eHighway on 4,000 kilometers of autobahn
Siemens Mobility and
Continental Engineering Services (CES) will cooperate in the future on the
development and manufacture of pantographs for trucks. The eHighway technology
from Siemens Mobility supplies trucks with electricity via an overhead line. The
cooperation aims to electrify key stretches of highway-networks in Germany’s autobahn network with
overhead contact lines and thus significantly reduce CO2emissions from
trucks. The new partnership combines expertise from two technology worlds:
Siemens Mobility is a specialist in rail electrification, Continental
Engineering Services is a development and production service provider for
automotive technologies. The two companies will now pool their know-how to
quickly achieve series production of truck pantographs.
- VGF and Siemens Mobility to build the train control system of the future
for Frankfurt
- Major public transport infrastructure project and milestone in the
mobility transition
VGF,
Frankfurt’s public transport provider, will replace the conventional train control
system currently used in its metro and tram network with a new,
state-of-the-art digital system. The “Digital Train Control System Frankfurt” is
one of the company’s most important projects for the future. Following a public
procurement procedure initiated in early 2021, the VGF is now awarding the important
contract to Siemens Mobility.
- 90 new trains in size XXL
- For the first time, all cars are completely integrated and set new standards
with a train length of over 200 meters
- Financing guaranteed by
the State of Bavaria
Passengers on Munich’s S-Bahn can soon look
forward to traveling on the most modern S-Bahn trains in Germany. Siemens
Mobility will deliver 90 superlative new S-Bahn trains worth more than two
billion euros after winning an EU-wide tender. The contract includes an option
for additional trains. Financing for the trains is guaranteed by the State of
Bavaria through a leasing model.
- Platinum
certificate awarded with 81 of 100 points
- Rating
for progress achieved in all strategic sustainability areas
- Siemens
Mobility ranked in the top 1 percent of companies
Siemens Mobility received 81
of 100 points in the latest EcoVadis Sustainability Rating and was awarded the
platinum certificate for sustainability. With this score, the company ranked in
the top 1 percent of the assessed companies and was the leading company in the
rail industry. Siemens Mobility achieved progress in all strategic
sustainability categories evaluated by EcoVadis in environment, labor and human
rights, ethics, and sustainable value chains.