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• PRODEA Investments becomes the first real estate company in Greece to install Building X, Siemens’ AI-enabled digital building platform
• Building X, part of Siemens Xcelerator, will enable PRODEA Investments to digitalize, manage, optimize building operations, supporting its energy efficiency goals
• Building X implementation at PRODEA Investments’ assets brings Greece and the two leading companies to the forefront of technological development

• 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.

• 6.8 percent stake transferred to Siemens Pension-Trust e.V.
• Transfer strengthens Siemens’ pension assets in Germany
• Move reduces Siemens’ consolidated investment in Siemens Energy AG from 31.9 percent to 25.1 percent

Siemens AG has transferred a 6.8 percent stake in Siemens Energy AG to Siemens Pension-Trust e.V. on June 28, 2023. As a result, Siemens AG’s stake in Siemens Energy AG declines to 25.1 percent. With this move, Siemens is executing its previously announced plans to reduce its investment in Siemens Energy. By transferring the shares to Siemens Pension‑Trust e.V., Siemens is strengthening its pension assets in Germany.

• Ramp up of global investment in new high-tech factories, innovation labs and education centers to expand leadership in digitalization, automation and sustainability
• Total investments of €2 billion mainly in manufacturing capacity expansion to be disclosed this year
• Following investments in Germany and in the U.S., Siemens expands its production network and R&D capacities in Asia
• New high-tech factory in Singapore announced today to serve growing markets in Southeast Asia
• Expansion of digital factory in Chengdu to boost further growth in China
• Additional investments in Europe and U.S. to be announced  

To boost future growth, drive innovation and increase resilience, Siemens today presented its investment strategy which includes €2 billion mainly for new manufacturing capacity as well as innovation labs, education centers and other own sites. Siemens today announced a new high-tech factory in Singapore, to serve the booming Southeast Asia markets.

• LV Insights X software key to accelerating energy transition and path to net zero
• Future-proof software to increase grid capacity in existing power networks
• Distribution grid operators can set up digital twin of low-voltage grids
• Reduced outage times by up to 30 percent, increased insights on critical segments, capacity and limit violations of power grid
• LV Insights X is part of the Siemens Xcelerator portfolio

Siemens is taking another important step to accelerate the energy transition: As an industry first, the company today presented its newly developed software for low-voltage grids. LV Insights X software, part of the Siemens Xcelerator portfolio, enables distribution grid operators (DSO) to tackle their most pressing challenge: the need to significantly increase grid capacity while grids are already pushed to their limits by the fast increase of decentralized renewable energy infeed and additional consumers such as EV chargers or heat pumps. To avoid power grids from becoming the bottleneck of the energy transition, utilities urgently need to increase their grid capacity and actively manage the low-voltage grid. 

• Pfizer’s new high containment production plant is one of the world’s most modern and sustainable; uses 40% less energy for environmental control than traditional facilities
• Special containment concept, monitored and controlled by Building Services from the Siemens Xcelerator portfolio, boosts safety for employees handling high-potency ingredients
• Siemens technology integrates building and production data via Desigo CC

Pharmaceutical company Pfizer has opened a new high-containment manufacturing facility in Freiburg, Germany, using technology and services from Siemens to make it one of the most modern and sustainable of its kind. Potentially producing up to seven billion tablets a year for more than 180 countries, the plant uses an innovative containment concept - monitored and controlled by Building Services from Siemens Xcelerator portfolio - which ensures employee safety and results in a 40 percent reduction in energy use in its environmental control system, compared to a traditional facility.  

• SICAM 8 delivers a universal automation platform for all applications in the field of power supply
• Incorporates SICAM HMI, elevating process visualization to the next level
• Includes the SICAM S8000 software solution for power automation
• SICAM 8 platform forms part of the Siemens Xcelerator portfolio

Siemens Smart Infrastructure has launched the highly scalable SICAM 8 power automation platform. Designed with scalability and security at its core, the platform helps customers achieve resilient and secure grid operation, while allowing for the incorporation of additional applications in the future. It also includes two new software solutions: the SICAM HMI (Human Machine Interface) visualization tool and the SICAM S8000 software solution for power automation, and forms part of the Siemens Xcelerator portfolio, an open digital platform that enables customers to accelerate their digital transformation easier, faster, and at scale. 

• Siemens has partnered with UN Women Germany through the African Girls Can Code Initiative (AGCCI) to train girls and young women in Africa in digital and further skills
• Hybrid event in Johannesburg kicks off the training program that starts operation now and will benefit over 600 young women across South Africa, Kenya, Senegal, Rwanda and Uganda.
• Siemens has made €780,000 available to enhance employability and will provide laptops to all participants in order to support coding camps focused on digital literacy, coding, personal development and work readiness skills.
• In the context of a comprehensive 6-month mentoring program “SieMent EmpowHer,” developed by Siemens South Africa, the young women will spend a whole day with their experienced female mentors from around the world.

Siemens has partnered with United Nations (UN) Women Germany for an upskilling program of more than 600 young African women in South Africa, Kenya, Rwanda, Senegal, and Uganda. The joint initiative was launched in April 2022. Now, the first round of workshops has started. A hybrid event, hosted by Siemens South Africa, will kick off the African Girls Can Code (AGCCI) coding camp and the SieMent EmpowHer mentorship program. 

• 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.