We released our second quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were broadcast live.
- Innomotics to be sold to KPS Capital Partners
for €3.5 billion
- Innomotics is a global leader in electrical motor and large-drive
business with €3.3 billion in revenue and employs approximately
15,000 people
- Future setup offers the Innomotics business the
best framework conditions for sustainable and growth-oriented development
- Transaction expected to close in first half of
fiscal 2025
- Another step for Siemens in focusing its
portfolio
The Managing Board and
Supervisory Board of Siemens AG have approved the sale of Innomotics – a
world-leading electric motors and large drives company – to KPS Capital
Partners, LP (“KPS”). The contracting parties have signed a corresponding
agreement. The purchase price (enterprise value) is €3.5 billion. The sale to
KPS is expected to close in the first half of fiscal 2025 and is subject to customary
foreign-investment and merger control approvals.
- Siemens and Foxconn sign memorandum of understanding (MoU) highlighting joint commitment to sustainability
- Cooperation to define standards for the factory of the future and manufacturing processes
- Innovations to positively impact information and communications technology and electric vehicle production ecosystems
- Siemens Xcelerator portfolio to optimize Foxconn's operations for efficiency and agility
Siemens AG, a leading
technology company, and Hon Hai Technology Group (Foxconn), the
world's largest electronics manufacturer, have signed a memorandum of
understanding (MoU) to drive digital transformation and sustainability in smart
manufacturing platforms.
- Depot to be expanded to 87,550 m²
- New capacity for meeting growing demand
- 100% system availability thanks to digitalized depot operation
- Creation of attractive jobs in the region
- Up to 250 employees at the location in 2026
Siemens Mobility is investing approximately €150 million to expand its service depot in
Dortmund-Eving to 87,550 m² to meet the growing demand for rail services.
Plans call for constructing an additional 12,300 m² service hall
with storage facility, offices, and workshops to handle the maintenance of
trains up to 400 meters long. Construction
of the new building is scheduled to begin in 2024 and be completed by 2026. The
Siemens Mobility depot in Dortmund previously had a total area of
70,000 m² and will cover 157,550 m² when the project is
completed.
- Solar farm is part of a £1.5 million research project funded through UK Research Partnership Investment Fund
- Project in partnership with Siemens aimed at enhancing the University’s research capabilities in developing and testing robots and other autonomous systems for the inspection and maintenance of solar arrays
- Enables the University’s new Institute for Safe Autonomy to become net zero by 2025
Siemens has completed work on a 200kWp solar
farm for the University of York located at the University’s new Institute for
Safe Autonomy, as part of £1.5 million research project.
Today,
Brightline announced that Siemens Mobility (Siemens) has been designated the
“preferred bidder” to build train sets for the Brightline West high-speed rail
project that will connect Las Vegas and Southern California. The contract will
include a fleet of ten “American Pioneer 220” (AP 220) train sets to be
manufactured, delivered to Nevada and tested to support Brightline West’s
timeline of initiating service in 2028.
- ÖBB’s Desiro ML fleet grows to 294 trains
- 21 new Desiro ML trains
will enter service during
Siemens Mobility GmbH has
received an order from Austrian Federal Railways (ÖBB) for an additional 21
Siemens Desiro ML electric trainsets. The order will increase the size of ÖBB’s
Desiro ML fleet to 294 trains, of which 236 are already in service throughout the
country. This order underscores the reliability of the Siemens Mobility Desiro
ML fleet. Beginning in 2026, the trains will serve local routes in the eastern
part of the country, in particular the main line between Vienna Meidling and
Floridsdorf and outer branch lines in Lower Austria.
-
‘Digirail’ project to modernize Finland’s train
control system
- Siemens Mobility selected to equip first phase
with European Train Control System Level 2 and Hybrid Train Detection
- Finland's first
implementation of the European Train Control System drives
rail digitalization
Siemens Mobility will upgrade the
first section of Finland's rail network under the Finnish government's
"Digirail project", which involves renewing the country's train control system. The contract was
recently awarded and includes the installation of the European Train Control
System Levels 2 [ETCS L2] and the Hybrid Train Detection [HTD] for the first
time in Finland on the 191-kilometer stretch between Lielahti and Rauma-Pori. This marks another milestone in the
implementation of Siemens
Mobility's latest interlocking and radio block center technology on the new DS3
platform, which is entirely based on commercial-off-the-shelf [COTS] hardware. The
new train control system aims to increase the network's capacity, improve
punctuality, minimize disruptions, and enhance the safety of operation. It will
pave the way for a more sustainable, efficient, and safe railway network and is
expected to be in commercial service by 2027.