Divestment of Commercial Vehicles
business to Meritor agreed
Purchase price (Enterprise value) of
around €190 million
Transaction expected to close by end
of this calendar year
Further successful milestone of
value creation for Siemens’ Portfolio Companies
Siemens has
agreed to sell its Commercial Vehicles business to Meritor. The move is another
step in the company’s rigorous implementation of its previously announced plan
to sharpen its portfolio as a focused technology company. Commercial Vehicles is
part of Siemens’ Portfolio Companies. The purchase price totals around €190
million, subject to working capital adjustments. Closing is expected, subject
to regulatory approvals, by the end of this calendar year.
- Transmission of Profinet IO packets via a private 5G network
- VXLAN as transmission technology embeds Profinet protocol
- Use of a central control system for multiple mobile participants reduces energy and maintenance costs
Siemens enables the transmission of Profinet IO
via a private 5G network, which allows data to be transmitted in real time for
industrial applications. This is made possible by the VXLAN (Virtual Extensible
LAN) transmission technology in the Scalance 5G routers and security appliances
from Siemens. VXLAN embeds the Profinet IO protocol, which is transmitted in
Layer 2, into Layer 3 packets, which allows them to be transmitted across
network boundaries. Since Layer 2 communication now takes place via 5G, a
central controller can communicate with decentralized I/O modules on mobile
devices such as automated guided vehicles (AGVs) via Profinet in a private 5G
network and no local controls have to be used on the individual AGVs. This
saves costs and reduces maintenance. At the Hannover Messe, visitors can see
this innovation at the booth of the organization "5G-ACIA" in Hall 9.
We released our second quarter results for fiscal 2022 on May 12, 2022. The conference call for journalists and the analyst call were broadcast live.
We join the
international community in condemning the war in Ukraine and are focused on
supporting our people and providing humanitarian aid.
Siemens will exit the Russian
market as a result of the Ukraine war. The company has started proceedings to
wind down its industrial operations and all industrial business
activities.
Siemens was one of the
first companies to put all new business in and international deliveries to
Russia on hold while it evaluated the situation to ensure the safety of its
3,000 employees in the country.
Siemens will
exit the Russian market as a result of the Ukraine war. The company has started
proceedings to wind down its industrial operations and all industrial business activities.
The financial impact of this decision will be reported as part of the regular
disclosure on the second quarter results today on May 12, 2022.
- Orders rose 22 percent on a comparable basis to €21.0 billion (Q2 2021: €15.9 billion), with high growth rates at all industrial businesses
- At €17.0 billion, revenue increased 7 percent on a comparable basis (Q2 2021: €14.7 billion)
- Profit Industrial Business was €1.8 billion (Q2 2021: €2.0 billion) – due to impacts totaling €0.6 billion, mainly at Mobility, subsequent to sanctions imposed on Russia
- Net income was €1.2 billion (Q2 2021: €2.4 billion)
- Free cash flow for the Siemens Group increased to €1.3 billion and was thus even stronger than in the prior-year quarter (Q2 2021: €1.2 billion)
- Orderly wind down of industrial business activities initiated in order to exit the Russian market
Siemens continued
its growth path as a focused technology company also in Q2 (ended March 31,
2022). In Q2, the company leveraged increased growth opportunities in many key markets
despite a continuing complex macroeconomic environment and confirms its outlook
for the Siemens Group for the current fiscal year 2022. The impact on
profit in Q2 subsequent to sanctions imposed on Russia totaled €0.6 billion due
to impairments and other charges, mainly at Mobility. Siemens also initiated an orderly
wind down of its industrial business activities in order to exit the Russian
market.
- Siemens will deliver energy efficiency improvement measures to immediately cut 10 percent of the University’s carbon emissions
- Subsequent project phases will see on-site, low-carbon energy production, and the installation of renewable generation infrastructure
- Partnership will create an inclusive talent pipeline for the green economy, and a ‘living lab’ for teaching and research
The University of East London (UEL) in the
United Kingdom has established a strategic partnership with Siemens to collaborate
on their aspiration of achieving net-zero carbon by 2030. Siemens will deliver
improvement measures to reduce overall energy use, and engineer solutions to drive
the shift to renewable and on-site low-carbon energy generation at UEL’s
campuses in the London Docklands and Stratford.
- Predictive Service Analyzer provides information about anomalies in the drive system
- Increased plant availability by up to 30 percent through reduced production downtime
- AI-based algorithm for drive systems
As part of Predictive
Services for Drive Systems, Siemens is expanding its offering at the Hannover
Messe with an edge application. The Predictive Service Analyzer indicates
defects in the drive system at an early stage before they affect the entire
production. As a result, unplanned production downtime can be avoided and
maintenance times can be scheduled in good time, increasing plant availability
by up to 30 percent. By scheduling maintenance and servicing activities based
on actual demand, this increases productivity by up to 10 percent. The Predictive
Service Analyzer's AI-based solution detects early signs of anomalies, such as
those indicating mechanical damage in the motor, including bearing damage,
imbalance, and misalignment, as well as critical operating conditions of the
frequency converter. The app assesses the severity of the defect and the
expected remaining runtime and can thus predict potential future failures.
- Siemens to enable attendees at IoT Solutions World Congress to experience benefits of latest IoT technologies in 27 practical reference cases
- Siemens Advanta CEO Aymeric Sarrazin to hold keynote on how disruption paves the way for a lean, green, digital industry
Siemens is bringing its latest IoT breakthroughs
to the IoT Solutions World Congress (IOTSWC) in Barcelona: helping businesses to
simplify and accelerate their digital transformation and transition to greater
sustainability at scale, the focused technology company will show a total 27
practical reference cases. At the same time, the company is empowering its
customers to achieve their desired business outcomes – including sustainable growth,
increased efficiency and faster time-to-market by combining the real and the
digital worlds unlike any other. Visitors to the Siemens booth (D467, Hall 4,
Fira Convetion Center) at IOTSWC will have the opportunity to see how this
transformative process is developing and then experiment with new capabilities.