- Siemens makes strong commitment for shaping the future of Germany as a location for industry
- Investment in the future of work in connection with manufacturing, researching, learning, and residential living in the new "Siemensstadt 2.0"
- Biggest single investment in the history of Siemens in Berlin
A commitment to Berlin and Germany: at the time-honored Siemens industrial estate in Berlin's Spandau district, Siemens AG plans to make its biggest single investment ever in the company's history in Berlin. In the coming years, up to €600 million are to be invested in a new world of working and living: Siemensstadt ("Siemens City") 2.0. This project, which covers an area of 70 hectares, aims to transform this large industrial area into a modern, urban district of the future for a diverse range of purposes. A further goal is to strengthen selected key technologies and innovation fields in collaboration with the scientific and business communities. To make this possible, this section of Berlin is to become home to centers of research and expertise, to start-up incubators and to research and scientific institutes as well as their partner companies.
- Cedrik Neike and Michael Sen appointed to Managing Board of Siemens AG
- Roland Busch to head research and development as CTO and Corporate Development (CD)
- Lisa Davis to head the U.S. business in addition to her current Managing Board duties
Siemens AG has appointed Cedrik Neike and Michael Sen to its Managing Board. The company is also reorganizing responsibilities within the board. These steps will rejuvenate the Siemens Managing Board and lay the basis for accelerating the implementation of Vision 2020.
Singapore and Siemens aim to join forces in a drive to make the Southeast Asian city-state a "smart nation." As a result, Singapore will be the first country in the world to pilote MindSphere – Siemens' open, cloud-based operating system for the Internet of Things – to digitalize its infrastructure as much as possible. Siemens is supporting this master plan by setting up a digitalization hub. The hub was inaugurated on July 11, 2017 in parallel events in Singapore and at Siemens' headquarters in Munich: Armin Bruck, CEO of Siemens Singapore, opened the hub in Singapore while Singapore's Prime Minister Lee Hsien Loong and Joe Kaeser, President and CEO of Siemens AG, signed a symbolic plaque in Munich. At the Digitalization Hub, Siemens will develop and offer new digital applications.
As part of its realignment, Siemens AG has named its future management team. The Supervisory Board of Siemens AG has appointed Lisa Davis – who is currently Executive Vice President Strategy, Portfolio and Alternative Energies at Royal Dutch Shell – to the Managing Board, effective August 1, 2014. Lisa Davis will be responsible on the Managing Board for the Power and Gas Division, the Wind Power and Renewables Division, the Power Generation Services Division, the Region North America and the Region South America. She will be based in the United States. Michael Süß is resigning from the Managing Board with immediate effect, for personal reasons and by mutual consent. He will continue to be available to Siemens' President and CEO in a consultative capacity. Until Lisa Davis assumes her position, the Energy Sector will be headed by Randy Zwirn on an acting basis and represented on the Managing Board by Klaus Helmrich.
- Cluster setup to be eliminated
- Countries to have more market competences and report directly to the Managing Board
- Corporate units to be bundled
The regional cluster setup which is currently in effect at Siemens is to be eliminated. By implementing this move, which will give the individual countries more competences in the future, Siemens intends to intensify its customer access and expand its regional business. "Eliminating the clusters will make Siemens more streamlined and closer to the markets. We're substantially strengthening our regions, whose heads are our customers' most important contacts," stated Joe Kaeser, President and CEO of Siemens AG.
Siemens has entered into an agreement to acquire Invensys Rail, the rail automation business of Invensys for approximately €2.2 billion (£1.742 billion). At the same time, the company plans to divest its baggage handling, postal and parcel sorting activities. Both planned transactions are part of the recently launched "Siemens 2014" company program, which amongst others, is aimed at strengthening the company's core activities. With revenues of approximately £800 million, Invensys Rail is a leading software based rail signaling and control company. The acquisition will expand Siemens' presence in the growing global rail automation market. "Today's moves are important measures to focus our core activities. We are exiting a non-core business with limited synergy potential while strengthening a resilient and high return business by combining two organizations with similar cultures and attractive synergy potential. The combined business will ensure profitable growth opportunities worldwide for the Siemens Infrastructure & Cities Sector," said Roland Busch, CEO of Siemens Infrastructure & Cities. The transaction is subject to Invensys shareholder approval and regulatory clearances.
In fiscal 2010, Siemens generated the largest operating profit in its history. Total Sectors profit rose four percent to €7.8 billion. Net income climbed 63 percent to €4.1 billion. Growth picked up speed once again during the year. While declining in the first two quarters, new orders and revenue rebounded sharply in the second half-year. For the full fiscal year, new orders increased by three percent to €81.2 billion, while revenue stabilized at €76 billion. “We completed fiscal 2010 very successfully. We’re coming out of the economic downturn with full momentum. Our growth is gaining speed. Operationally, we achieved record profit twice in a row. We expect to take this positive momentum into the next fiscal year. We have to keep winning, order by order,” said Siemens President and CEO Peter Löscher.
Siemens demonstrated operational strength in a difficult economic environment in fiscal 2009. Growth and profit targets were met and, in part, substantially exceeded. The company continued to push its focus on its core businesses, and further expanded its Environmental Portfolio, one of the important growth drivers at Siemens. The procurement initiative and the program to reduce selling, general and administrative (SG&A) expenses further strengthened Siemens’ competitiveness. “In a very difficult environment, Siemens has performed very well in 2009 compared to its key competitors. Supported by our Energy and Healthcare Sectors, we can look back with pride on our stable revenue development and our robust profit on an operational basis,” said Peter Löscher, President and Chief Executive Officer of Siemens AG. “With new energy we started in fiscal 2010 and have strengthened our portfolio by the addition of Solel. We see substantial further potential worldwide in the area of environmental technology. To ensure the sustainable viability of businesses that have been particularly affected by the crisis, we are continuing to rigorously implement all necessary measures. The overall market environment will remain challenging in 2010.”