- Siemens intends to acquire 18% in
Siemens Ltd. India for a purchase price of 2.1 billion euro
- Siemens and Siemens Energy will
jointly propose to the Board of Directors of Siemens Ltd. India to separate the
energy business by way of a demerger
- Simplification of corporate setup in
one of the fastest growing and strategically important markets
- Siemens has agreed with Siemens
Energy indirect financial measures totaling one billion euro to allow third
parties to arrange guarantees for Siemens Energy
Siemens AG has taken measures to support the stability
of Siemens Energy AG and accelerate separation in India – in the best possible
interests of all parties. Specifically, Siemens intends to enter into a share
purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd.
India from Siemens Energy for a purchase price of 2.1 billion euro in cash.
This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from
51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With
the intended acquisition, Siemens and Siemens Energy accelerate unbundling the
business activities of the Indian subsidiary of Siemens. The
purchase price reflects a customary discount of 15% on the 5-trading-days volume-weighted
average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy.
- Industry
analyst firm recognizes Siemens for clear strategy, broad portfolio and
successful commitment to industrial metaverse
- Siemens
manager Virginie Maillard elected to the Metaverse Standards Forum’s board of
directors
Siemens is
the leading international provider in the growing industrial metaverse market,
according to the latest PAC RADAR from PAC, the renowned market research
company specializing in business software, IT services and digital
transformation. This rating is based on three aspects: a clear strategy, an
existing portfolio and the progress Siemens is making in this area.
- Heliox expands Siemens eMobility’s offering for the growing eBus and eTruck charging market, and for depot and fleet solutions
- Accelerates value creation in Siemens’ fast-growing eMobility business
- Adds attractive digitalization and software potential
Siemens AG
has signed an agreement to acquire Heliox, a Netherlands-based technology
leader in fast charging solutions, serving e-Bus and e-Truck fleets and
passenger vehicles. The acquisition will complement Siemens’ existing eMobility
charging portfolio, adding products and solutions for DC fastcharging focused
on eBus and eTruck fleets. Heliox’s portfolio will also extend Siemens’ market reach,
primarily in Europe and North America, while improving capabilities in power electronics.
The transaction is subject to customary regulatory approval.
- Orders rose 15 percent on a comparable basis to €24.2 billion and again reached a very high level (Q3 2022: €22.0 billion)
- Revenue grew 10 percent on a comparable basis to €18.9 billion (Q3 2022: €17.9 billion)
- Profit Industrial Business totaled €2.8 billion (Q3 2022: €2.9 billion) with a strong increase at Smart Infrastructure and Digital Industries
- Net income was €1.4 billion (Q3 2022: a net loss of €1.5 billion)
- Free cash flow all-in at group level was an outstanding €3.0 billion, a 29 percent increase (Q3 2022: €2.3 billion)
- Outlook on group level confirmed for fiscal 2023 for revenue growth and EPS pre PPA, excluding the Siemens Energy Investment
Siemens continued
its profitable growth trajectory in Q3 2023 (ended June 30, 2023),
with all industrial businesses achieving strong revenue growth. Order momentum
in the company’s major projects and systems business was also strong. The
book-to-bill ratio was an excellent 1.28, while the order backlog of €110 billion
was again at a record high level. Siemens confirms its outlook on group level
for fiscal 2023 and continues to expect revenue growth of 9 percent to 11 percent
and basic earnings per share before purchase price allocation accounting (EPS
pre PPA) of €9.60 to €9.90, excluding the Siemens Energy Investment.
- Siemens to donate EUR 500,000 to foundation for mountain rescue services
- Funds to further develop globally unique Bavarian Mountain Rescue Service's center for Safety and Training in Bad Tölz
- Half of donations from Siemens employees
Siemens and
the charitable association Siemens Caring Hands e.V. are supporting the Stiftung
Bergwacht, a non-profit foundation for mountain rescue services, with a
donation of €500,000. The foundation will use the donation to further develop
the Bavarian Mountain Rescue Service’s Center for Safety and Training in Bad
Tölz, Germany, and thus improve disaster prevention in Germany and Europe. Half
the donation is from Siemens employees and half from Siemens AG. The funds are part
of a donation pool that Siemens set up in 2021 in response to the flood
disaster on the Ahr River in the German states of Rhineland-Palatinate, North
Rhine-Westphalia and Bavaria. Over the past two years, €2.8 million from the
pool has been used to support 25 emergency, reconstruction and prevention
projects.
- Innomotics, a leading supplier of
motor and large-drive systems, has launched with a new brand identity
- As of July 1, 2023, Innomotics has
become a separately managed Siemens subsidiary in Germany
- Global carveout is on track and is to
be largely completed by October 1, 2023
- Operating headquarters are in
Nuremberg, Germany, for the new company, which employs about 15,000 people
globally and generates more than €3 billion in revenue
Innomotics has
launched in Germany as a separately managed legal entity as of July 1,
2023. Under a single roof, the supplier of motors and large drives brings together
business activities with low- to high-voltage motors, geared motors,
medium-voltage converters and motor spindles as well as project and service
offerings for this product portfolio. The company’s operating headquarters are
located in Nuremberg, Germany. The carveout in Germany has now been completed. The
global carveout is also to be largely completed by the beginning of the new
fiscal year on October 1, 2023. In the future, Innomotics will comprise the previous
corresponding businesses from the units Large Drives Applications and Digital
Industries, as well as the separately managed Siemens companies Sykatec and
Weiss Spindeltechnologie. Worldwide, around 15,000 people are working at
Innomotics to realize growth potential and thus secure the company’s future market
success as a trailblazing specialist for motors and large drives.
- Several records in Q2 2023, including impressive margin increases and all-time highs in profit for Digital Industries and Smart Infrastructure, as well as another record order backlog
- At €23.6 billion, orders reached a very high level (Q2 2022: €21.0 billion)
- Revenue rose 15 percent on a comparable basis to €19.4 billion(Q2 2022: €17.0 billion)
- Profit Industrial Business surged 47 percent to €2.6 billion (Q2 2022: €1.8 billion)
- Net income nearly tripled to €3.6 billion (Q2 2022: €1.2 billion)
- Excellent free cash flow all-in at Group level totaled €2.3 billion (Q2 2022: €1.3 billion)
- Outlook for revenue growth and earnings per share pre PPA effects raised again
Siemens continued
its strong growth momentum also in Q2 2023 (ended March 31, 2023). The
quarter was characterized by very strong order intake, outstanding revenue
growth driven by substantial increases at Digital Industries, Smart
Infrastructure and Mobility, and higher Profit Industrial Business, including
sharp increases at Smart Infrastructure and Digital Industries, which both
achieved their highest-ever quarterly profit. Following the strong first half of fiscal 2023, Siemens
is again raising its outlook for the fiscal year.
- Together for Sustainability – an initiative of 47 chemical companies – chooses Siemens’ “Sigreen” solution for digital exchange of Product Carbon Footprint (PCF) data
- Pilot project aims to demonstrate the scalability of PCF data exchange across an entire industry
- Chemical industry is a pioneer in product-related environmental data
Together for Sustainability (TfS) and Siemens are announcing a partnership on decarbonization to advance the overall sustainability of the chemical industry. TfS is a global initiative to promote sustainability in the chemical industry’s supply chain, consisting of 47 international companies, including some of the largest chemical groups. Siemens, a leading technology company and supplier of automation and industrial software, will leverage the power of its Sigreen solution, a tool to track and manage product carbon footprint (PCF) and part of the Siemens Xcelerator portfolio.