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.
- East Rail Line Cross-Harbour Extension equipped with new signaling system officially opens for revenue service
- 46 km East Rail Line now connects Chinese Mainland border, New Territories, Kowloon to Central Business Districts on Hong Kong Island
- Automatic train control system on the whole East Rail Line enhances operational efficiency
The East Rail Line Cross-Harbour Extension in Hong Kong successfully commenced passenger service on May 15, 2022, with Siemens Mobility’s Communications-Based Train Control system (CBTC). This completes the automation of the 46 km long East Rail Line connecting the Chinese Mainland border to the central business areas on Hong Kong Island and becomes the fourth railway line crossing Victoria Harbour. The Siemens Mobility digitalized signaling system helps provide passengers with the ability to reach the commercial, convention and financial hubs in the Wan Chai North and Admiralty areas in a faster, safer, and more seamless way.
- 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.
- New data center in Tallinn, Estonia, targets Power Usage Effectiveness (PUE) value of 1.2, against industry average of around 1.6
- Siemens’ AI-powered software optimizes cooling for energy efficiency and reliable operation of critical infrastructure
- Customized power distribution systems from Siemens ensure reliable, safe power supply to the data center
- Data center is powered by renewable energy, with ability to sell waste heat
Siemens has deployed integrated data center
management software at the largest and most energy efficient data center in the
Baltic region. The building management software (BMS), the energy and power
management software (EPMS) and the White Space Cooling Optimization (WSCO) help
Greenergy Data Centers to lower energy usage, ensure thermal protection and
manage reliable operation of the critical infrastructure.