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• Siemens Logistics to be sold to Vanderlande for €300 million
• Transaction expected to close in the course of calendar year 2025
• For Siemens, another step in portfolio optimization as a leading technology company

Siemens AG has agreed to sell its Siemens Logistics business to Vanderlande, a company owned by Toyota Industries Corporation. Vanderlande is a leading global partner for future-proof logistic process automation in the warehousing, airports, and parcel sectors, and with that will be a strategic long-term owner for Siemens Logistics. The purchase price (enterprise value) is €300 million. Closing is expected in the course of calendar year 2025, subject to regulatory approvals.

• Acquisition of Altair Engineering Inc., a global leader in computational science and artificial intelligence software, strengthens Siemens’ position as a leading technology company
• Creates the world's most complete AI-powered design and simulation portfolio
• Altair shareholders to receive USD 113 per share, representing an enterprise value of USD 10 billion; the offer price represents a 19% premium to Altair’s unaffected closing price on October 21, 2024
• Siemens expects to achieve significant cost and revenue synergies
• The transaction is expected to be EPS (pre-PPA) accretive by year two post-closing

Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value of approximately USD 10 billion. The offer price represents a 19% premium to Altair's unaffected closing price on October 21, 2024, the last trading day prior to media reports regarding a possible transaction. With this acquisition Siemens strengthens its position as a leading technology company and its leadership in industrial software.

• Siemens and Microsoft have taken the Siemens Industrial Copilot to the next level, to handle demanding environments at scale
• Over 100 customers in Europe and the US are using the Siemens Industrial Copilot to improve efficiency, cut downtime, and address labor shortages
• thyssenkrupp Automation Engineering is planning a global roll out of the Copilot beginning 2025
• More than 120,000 engineers can now leverage the Copilot, upskilling experts and workers in programming with GenAI

Siemens is revolutionizing industrial automation with Microsoft. Through their collaboration, they have taken the Siemens Industrial Copilot to the next level, enabling it to handle the most demanding environments at scale. Combining Siemens’ unique domain know-how across industries with Microsoft Azure OpenAI Service, the Copilot further improves handling of rigorous requirements in manufacturing and automation.  

• 8 fast deliveries of Vectron MS for rental to railways, maintenance contract

Green Mobility Partners, a Vienna-based new player in the European full-service locomotive leasing business, has placed an order for up to 50 locomotives with Siemens Mobility. The contract includes the agreed purchase of eight Vectron MS locomotives as well as support in the service area.

• The opening of the Goole Rail Village in East Yorkshire marks a significant milestone for Siemens Mobility's commitment to the United Kingdom
• The UK Transport Secretary and Mayor of London marked the occasion
• Siemens also announced a new up to €50 million investment in addition to the up to €230 million investment in the Goole Rail Village, creating up to 300 more jobs at the site
• The Rail Village will contribute to the employment of up to 1,000 people in total and the creation of up to 1,700 supply chain opportunities
• 80% of London’s new Piccadilly line trains will be assembled in Goole

Following an investment of up to €230 million, Siemens Mobility is opening its Train Manufacturing Facility as a key part of its new Goole Rail Village in the United Kingdom, on a site which spans 67 acres, the size of 35 football pitches. London Underground’s new Piccadilly line trains will be assembled at the factory in Goole before they start entering passenger service from 2025, helping Transport for London (TfL) transform rail travel across the UK’s capital. Overall, Siemens Mobility’s investment in the region will create up to 700 new jobs and an additional 1,700 supply chain opportunities by 2030. This investment will strengthen local production to serve global markets. 

• Opening concert performed by the Kyiv Symphony Orchestra in the presence of two Nobel laureates
• Public opening event for the conference at 100cznia in Gdansk, 6 p.m. October 13, 2024

The Kyiv Symphony Orchestra will be performing an opening concert to mark the start of the three-day Reclaiming Europe conference in Gdansk for the first time. The Siemens Arts Program is responsible for the artistic direction of the opening event, which takes place at 100cznia in Gdansk at 6 p.m. on October 13, 2024 and is open to the public. Tickets to the event are free of charge. Organized by the Berlin-Brandenburg Academy of Sciences and Humanities, Die Junge Akademie and other partners, the Reclaiming Europe conference will address the resilience and future of democracy in Central and Eastern Europe. 

• KPS Capital Partners is Innomotics’ new owner
• Siemens completes another step in focusing its portfolio

Siemens AG has successfully closed the sale of Innomotics to KPS Capital Partners, LP (“KPS”) for €3.5 billion (enterprise value). On May 16, 2024, Siemens had announced plans to sell this world-leading supplier of electric motors and large-drive systems to KPS.

• Initial order for 25 Vectron MS units for continental Europe

Beacon, a leading European rolling stock lessor, and Siemens Mobility have signed a major framework agreement for the delivery of Vectron multi system locomotives, with an initial contract of 25 units. The new Vectron locomotives with a power of 6.4 MW will supplement the existing Vectron Beacon fleet. The units will be produced at the Siemens Mobility plant in Munich-Allach, while the bogies will come from the global competence center in Graz.

• 30 fast deliveries, various variants – fleet can grow to 155 locomotives

RS Lease, the leading private lessor of railway vehicles in Slovakia, and Siemens Mobility have signed a framework agreement for the delivery of up to 65 Vectron locomotives. The agreement includes a fast delivery of 30 Vectron MS locomotives, with the option to purchase an additional 35 locomotives of the Vectron Multi System and Vectron Dual Mode variants.