- Smart Infrastructure (SI) to acquire Brightly, a leader in
cloud-based asset and maintenance management software
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Perfectly complements Siemens’ digital offerings for buildings, with
strength in asset and energy management
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Acquisition puts Siemens in pole position to address fast-growing
software market for buildings and built infrastructure
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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.
- Approximately
2,000 kilometers of modern, safe and integrated rail system to link 60 cities for people and goods across the country
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Siemens
Mobility to provide 41 Velaro
eight car high-speed trains, 94 Desiro high-capacity four car regional train
sets and 41 Vectron freight locomotives
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Turnkey
contract includes latest rail infrastructure technology, eight depots &
yards and 15-year maintenance agreement
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Will
create sixth largest high-speed rail system in the world
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To
complete all aspects of the project the consortium will create up to 40,000
local jobs
Siemens Mobility and its consortium partners Orascom
Construction and The Arab Contractors have signed a contract with the Egyptian
National Authority for Tunnels (NAT), a governmental authority under the
jurisdiction of the Ministry of Transport of Egypt, to create the sixth largest
high-speed rail system in the world. The Siemens Mobility share of the combined
contract is 8.1 billion EUR and includes the initial contract of 2.7 billion
EUR for the first line signed September 1, 2021.
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.
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.