- Siemens makes strong commitment for shaping the future of Germany as a location for industry
- Investment in the future of work in connection with manufacturing, researching, learning, and residential living in the new "Siemensstadt 2.0"
- Biggest single investment in the history of Siemens in Berlin
A commitment to Berlin and Germany: at the time-honored Siemens industrial estate in Berlin's Spandau district, Siemens AG plans to make its biggest single investment ever in the company's history in Berlin. In the coming years, up to €600 million are to be invested in a new world of working and living: Siemensstadt ("Siemens City") 2.0. This project, which covers an area of 70 hectares, aims to transform this large industrial area into a modern, urban district of the future for a diverse range of purposes. A further goal is to strengthen selected key technologies and innovation fields in collaboration with the scientific and business communities. To make this possible, this section of Berlin is to become home to centers of research and expertise, to start-up incubators and to research and scientific institutes as well as their partner companies.
Today, Siemens has decided to sell its shareholding of 18.155 million ordinary shares in Osram Licht AG representing 17.34 % of Osram Licht AG's issued share capital. The net proceeds from the sale will be used for general corporate purposes. Siemens will retain a small number of Osram Licht AG shares which are required to service the remaining Siemens bond plus warrant issue due 2019.
- Siemens Building Technologies extends its leadership in smart buildings by acquiring Building Robotics Inc., the creator of Comfy®
- Comfy is a leading digital workplace app, creating more personalized and responsive workplaces while providing analytics for efficient building operations
- Sold as software-as-a-service, Comfy will extend the cloud portfolio of Siemens Building Technologies
- Transaction expected to close in the third quarter of 2018
Siemens Building Technologies Division is setting a further milestone in smart building solutions by acquiring Building Robotics Inc., a market leader in the fast growing digital workplace experience app domain. Headquartered in Oakland, California, the start-up achieved its leadership position by developing a simple-to-use app that enables people to take control of their environment. Building Robotics, Inc. is best known by the name of its core product, Comfy.
- Siemens Mobility Division further expands digitalized service and maintenance business
- MRX Technologies provides condition monitoring for rolling stock and rail infrastructure and inspection systems for rail networks
- MRX Technologies will operate in the Mobility Division as a legally independent affiliated company of Siemens AG
Siemens acquires the MRX Technologies Group, headquartered in Perth, Australia, and is further expanding its offering in the field of predictive maintenance based on digitalization. The Group is comprised of JRB Engineering Pty Ltd., MRX Technologies Ltd., MRX Rail Services Pty Ltd. and MRX Rail Service UK Ltd. The parties agreed not to disclose financial details of the acquisition. The acquired company will be managed as a legally independent firm within the Siemens Mobility Division. Closing of the transaction is expected early in July.
- Siemens Bank receives approval to operate as a merchant bank in Singapore
- Siemens becomes first industrial company to support its growth strategy in Asian and Australian markets with a local bank branch in Singapore
- Focus on project and structured finance lending business mainly in the business-to-business and business–to-government segments
The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.
- With Wi-Tronix, Siemens expands its digitalized services for predictive maintenance in the rail sector
- Siemens makes a significant strategic equity investment in Wi-Tronix – transaction has been executed in October 2017
- Wi-Tronix to remain a standalone, founder-led company
Siemens and Wi-Tronix, headquartered in Bolingbrook near Chicago, U.S. are launching a partnership to expand digital predictive maintenance for rail services. Through the integration of their technologies, and joint development of new innovations, the companies seek to move the industry toward the objective of one hundred-percent availability of safe, efficient service. Siemens has made a significant equity investment in Wi-Tronix. Both companies have agreed to maintain confidentiality regarding financial details of the deal.
Siemens has received an order from distribution network operator, UK Power Networks, to equip parts of its overhead-line system with 600 Fusesaver vacuum circuit-breakers and 200 remote control units (RCU). The vacuum circuit-breakers will be installed directly on overhead cables to minimise the number of customers affected in the event of a fault. This will minimize installation and maintenance costs while significantly improving supply reliability and grid stability. "This order is an important milestone in the development of the European market for the Fusesaver," said Stephan May, CEO of Medium Voltage Systems at Siemens. "UK Power Networks is an important partner for us." It is the largest order to date for Fusesavers in Europe and the first one from the U.K. The order volume is €1.5 million.
- Cedrik Neike and Michael Sen appointed to Managing Board of Siemens AG
- Roland Busch to head research and development as CTO and Corporate Development (CD)
- Lisa Davis to head the U.S. business in addition to her current Managing Board duties
Siemens AG has appointed Cedrik Neike and Michael Sen to its Managing Board. The company is also reorganizing responsibilities within the board. These steps will rejuvenate the Siemens Managing Board and lay the basis for accelerating the implementation of Vision 2020.
- Siemens outlines innovative ways and approaches to boost large-scale capital in infrastructure financing
- Convergence of disruptive technology and public-private partnerships identified as key drivers of narrowing Asia's infrastructure gap
- The way forward lies in analyzing completed projects, establishing stable risk-sharing and making procurement more transparent
Increasing the bankability of developments is a key factor to narrowing Asia's infrastructure gap, according to speakers at the "Drivers of Infrastructure Investment in the Asian Market" symposium organized by Siemens Financial Services (SFS) yesterday.
As part of its realignment, Siemens AG has named its future management team. The Supervisory Board of Siemens AG has appointed Lisa Davis – who is currently Executive Vice President Strategy, Portfolio and Alternative Energies at Royal Dutch Shell – to the Managing Board, effective August 1, 2014. Lisa Davis will be responsible on the Managing Board for the Power and Gas Division, the Wind Power and Renewables Division, the Power Generation Services Division, the Region North America and the Region South America. She will be based in the United States. Michael Süß is resigning from the Managing Board with immediate effect, for personal reasons and by mutual consent. He will continue to be available to Siemens' President and CEO in a consultative capacity. Until Lisa Davis assumes her position, the Energy Sector will be headed by Randy Zwirn on an acting basis and represented on the Managing Board by Klaus Helmrich.