- Sale for price of €2.025 billion
- Another step in executing Vision
2020+ strategy for becoming a focused technology company
- New ownership structure offers Flender
optimal growth and development opportunities
- Long-term and reliable commitments agreed
upon for Flender’s employees and German locations
The Managing
Board and Supervisory Board of Siemens AG have approved the sale of Flender GmbH
– a world-leading supplier of mechanical and electrical drive systems – to Carlyle.
The contracting parties signed a corresponding agreement today. The price is €2.025 billion (enterprise value). Siemens
recently gave its energy business independence through a public listing. By
selling Flender, the company is now promptly taking another important step in
the rigorous execution of its Vision 2020+ strategy for enabling Siemens
to become a focused technology company. Carlyle’s plans – following Flender’s successful
reorientation – are to further accelerate its growth and fully develop its
strengths through more independence and greater leeway for decisions. The sale also
makes it possible to forgo the originally planned spin-off and public listing
and thus offers a faster track to clarity for a successful future of Flender. The
transaction is expected to close in the first half of 2021 and is subject to
foreign-investment and antitrust approvals.
- Siemens Energy Corporate Center in Berlin
- Joint location and structural concept planned with the State of Berlin
- Company's administrative
headquarters remain in Bavaria
Siemens Energy, as a stand-alone company,
will locate its Corporate Center in Berlin. The energy technology company with
worldwide 91,000 employees, which in 2019 generated revenue of €28.8 billion,
is thus returning to its roots: Werner von Siemens and Johann Georg Halske
founded their company in Berlin in 1847 and with the discovery of the
electrodynamic principle in 1866 laid a foundation for today's Siemens Group
and therefore today's Siemens Energy.
- SF6-free high-voltage switchgear and ester-filled transformer complete demo project, delivering an integrated clean energy solution for China
- First implementation of Siemens Energy’s 66 kV technologies for wind turbine applications in China
Siemens Energy commissioned an eco-friendly power transmission system complementing one of China’s largest offshore eight-megawatt (MW) wind turbines. The system consists of a SF6 (sulfur hexafluoride)-free gas-insulated high-voltage switchgear (GIS) called 8VM1 Blue GIS® and a liquid-immersed distribution transformer with ester fluid. It is part of a demo project by Shanghai Electric, located at Shantou Haojiang onshore Industrial Park on the east coast of Guangdong, South China.
- Dynamic load flow control solution for grid stabilization and resilience
- UPFC PLUS controls load flow in milliseconds
- Facilitating the increasing integration of renewable energy
With its new Unified Power Flow Controller, called UPFC PLUS, Siemens Energy is expanding the options for grid stabilization. The UPFC PLUS will help system operators stabilize the grid by dynamically controlling the load flow in alternating-current grids. Easy to integrate into existing infrastructure, the UPFC PLUS improves the efficiency of today’s power grid while providing the grid stability and resilience required in the ever-changing energy landscape.
- Evonik and Siemens Energy put pilot plant into operations
- Artificial photosynthesis closes carbon dioxide cycle
- The Federal Ministry of Education and Research is funding the various project stages with more than €6 millionund Siemens Energy nehmen Versuchsanlage in Betrieb
Evonik
and Siemens Energy today commissioned a pilot plant sponsored by the German
Federal Ministry of Education and Research (BMBF) that uses carbon dioxide and
water to produce chemicals. The necessary energy is supplied by electricity
from renewable sources. The pilot plant is located in Marl, in the northern
Ruhr area, and its innovative technology of artificial photosynthesis should
contribute to the success of the energy revolution. It is an essential part of
the Rheticus I and II research projects, which are sponsored by the Federal
Ministry of Education and Research (BMBF) with a total of 6.3 million euros.
- 150MW simple cycle power plant
for Saidpur, Rangpur as part of the country’s utility expansion in power
generation
- Siemens Energy is supplying
components that will aid the plant’s optimal fuel usage in full and part load
operation for long-term sustainability towards the direction of clean energy
A new energy future
beckons for the developing northern region of Bangladesh thanks to a new 150MW
simple cycle power plant to be built in Saidpur, Rangpur. Global energy
technology company Siemens Energy is helping with this sustainable transition
after winning the project during the retendering phase, which will see it
supply components that will contribute to the optimal fuel usage in full and
part load operation.
- About one sixth of all electricity generated worldwide is based on Siemens Energy technology
- Leading portfolio from conventional to renewable energy
- Clear commitment to accelerate profitability by rigorously driving operational excellence, portfolio adjustments and gradually shifting innovation focus towards sustainability and service
- Clear target for Adjusted EBITA margin (before Special Items) of 6.5 to 8.5% for fiscal year 2023
At a virtual capital market day, Siemens Energy, a world leader in energy infrastructure, today laid out its post-spin-off strategy. Siemens Energy is aiming for accelerated profitable growth. Management aims to achieve an Adjusted EBITA margin before Special Items of 6.5% to 8.5% for fiscal 2023. The Executive Board is committed to drive operational excellence, portfolio adjustments to meet market demand and gradually shift the focus of innovation and R&D to sustainability and service.
- 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.
- Innovative energy and infrastructure concept for the Rhenish mining area in Germany showcasing a model for Europe
- Emission-neutral coupling of the energy, mobility, logistics and industry sectors in Kerpen by 2032
The Kolping city of Kerpen, located in the German Rhine-Erft district, is planning to become a highly modern innovation center and a technology nucleus in the Rhineland region by 2032 within the framework of the "SpeicherStadtKerpen" project. With the signing of the cooperation agreement by partners innogy Westenergie, Siemens Energy and Stadtwerke Kerpen, the Kolping city with its approximately 70,000 inhabitants has reached another important milestone for this ambitious future project.