- Acquisition to strengthen Siemens’ capability to address fast-growing
demand for electric vehicle charging infrastructure in India, expand local
market presence, enable creation of export hub
- To scale up Siemens’ range of e-mobility solutions in India,
complementing its global portfolio
- Closing
subject to fulfilment of condition precedents as agreed between the parties and
receipt of requisite regulatory, statutory and other approvals
In a step to address the fast-growing demand for
electric vehicle (EV) charging infrastructure in India, Siemens Limited, signed
an agreement today to acquire the EV division of Mumbai-based Mass-Tech
Controls Private Limited. The division is engaged in design, engineering and
manufacturing of a wide range of AC chargers, and 30 to 300kW capacity DC
chargers for various end applications for EVs. The cost of the acquisition is
approximately Rs. 380 million (EUR 4.3 million) on a cash free and debt free
basis and subject to other adjustments that are mutually agreed between the
parties to the transaction.
We have released our second quarter results for fiscal year 2023 on May 17, 2023. The Press Conference Call and the Analyst Call have been broadcast live.
- 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.
- Bustanica, the Dubai-based vertical farming company, requires 95% less water than a conventional plot, and yields more than 1 million kg of produce free of pesticides, herbicides and chemicals
- Siemens provided building systems and automation hardware and software from its Digital Industries and Smart Infrastructure portfolios
- Building systems, automation software and hardware are part of Siemens Xcelerator
Siemens provided automation and building technology
to the recently opened Bustanica vertical farm in Dubai, the world’s largest of
its kind. The $40 million facility is owned by Emirates Crop One, a joint venture
between Emirates Flight Catering, one of the world’s largest catering
operations serving more than 100 airlines, and Crop One Holdings Inc., an
industry leader in technology-driven indoor vertical farming.
- New seven-year energy performance contract extension signed between Siemens and Australia’s Melbourne Cricket Club (MCC)
- Technology and services from Siemens Xcelerator enabled the iconic Melbourne Cricket Ground to achieve north of A$5m savings in energy costs over seven years
- Greenhouse gas emissions reduced by 50,089 tons over same period (equivalent to taking around 10,000 cars off the road)
Australia’s
home of sport, the iconic Melbourne Cricket Ground (MCG) has, over a seven-year
period, achieved higher than expected energy, cost and emissions savings under an
energy performance contract (EPC) between Siemens and the Melbourne Cricket
Club (MCC).
- ETH Zurich runs unique research project on automation and energy supply for buildings in different climate zones
- Project includes one-of-a-kind artificial sun
- Siemens supplies digital building technologies, part of Siemens Xcelerator, for lab
ETH Zurich,
one of the world’s most renowned universities, has just opened a unique
research facility: the Zero Carbon Building Systems (ZCBS) Lab. It allows research
into the behavior of building components and systems in different climate
zones. The new building, located on the university campus in Zurich, comprises
two floors with different test cells, climate chambers, and experimentation
rooms. As part of its existing industrial partnership with ETH Zurich, Siemens
has equipped the new research facility with state-of-the-art digital building technologies,
including for building operations and management. The technologies are part of
the Siemens Xcelerator portfolio.
- Siemens Arts Program engaging for first time in Alexandria, Egypt, with a production of Mozart’s opera “Don Giovanni”
- German-Egyptian education project set to provide fresh momentum for opera tradition in Alexandria
- Don Giovanni premiering at Bibliotheca Alexandrina on May 18, 2023
Siemens
intends to further expand its cultural commitment in Egypt and is supporting an
exceptional opera production in Alexandria for the first time. Together with
the German cultural institution Goethe-Institut, the Egyptian conductor Nayer Nagui
and the Bibliotheca Alexandrina library, the Siemens Arts Program is making the
Egyptian premiere of Mozart’s “Don Giovanni” possible. The performance will
take place at the Bibliotheca Alexandrina at 7 p.m.
on Thursday, May 18, 2023.
- Samotics joins Siemens Xcelerator partner ecosystem with its leading monitoring system for AC motors and rotating equipment based on electrical signature analysis (ESA) technology
- ESA technology has been integrated into NXpower Monitor, delivering asset health and energy efficiency insights for electric-driven equipment
- ESA will extend NXpower Monitor’s capabilities to deliver an end-to-end asset monitoring offering for the entire energy distribution system
Siemens Smart
Infrastructure has integrated electrical signature analysis (ESA) from Samotics
into NXpower Monitor, its industry-leading digital caretaker for electrical
networks. Using ESA and machine learning, Samotics provides real-time
actionable insights to help global industrial companies eliminate industrial
energy waste and unplanned downtime. This new capability leverages the
ecosystem of Siemens Xcelerator, an open digital business platform that enables
customers to accelerate their digital transformation easier, faster, and at
scale.