Due to
impacts from the coronavirus pandemic and the geopolitical environment, as well
as broader macroeconomic effects of inflation, the food and beverage (F&B)
industry has been facing major challenges, which range from fractured supply
chains to inflation-induced higher prices. As a result, more and more companies
in the F&B industry are acknowledging the need to intensify their efforts in
embracing digital transformation. Regarding optimization, the F&B industry
is focused on two aspects: first, it aims to streamline processes for maximum
efficiency and enhance supply chain resilience. Second, it strives to achieve
sustainability goals. Yet, its ultimate priority is to remain competitive in
the market.
- 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.
- Siemens and Desert Technologies launch joint venture Capton Energy to develop and invest in solar and smart infrastructure in the Middle East, Africa and Asia
- Capton Energy aims to invest in projects of 1GW in aggregate and boost the supply of clean, stable and affordable power in under-served markets
Siemens and Desert Technologies have
launched a joint venture to develop and invest in solar and smart infrastructure in Africa,
the Middle East and Asia, as
announced today at Expo 2020 Dubai. The venture, Capton Energy – which aims to build
up a portfolio of investments in projects with an aggregate capacity of more
than 1 gigawatts (GW) – will support projects providing clean, reliable, and affordable energy in areas that need it most.
- Smart Infrastructure completes acquisition of Brightly, a leader in
cloud-based asset and maintenance management software
- Acquisition puts Siemens in pole position to address fast-growing software
market for buildings and built infrastructure
Siemens Smart Infrastructure (SI), the frontrunner in digital buildings, has
completed the acquisition of Brightly Software, a leading U.S.-based software-as-a-service
(SaaS) provider of asset and maintenance management solutions. The acquisition elevates
SI to a leading position in the software market for buildings and built
infrastructure. It adds Brightly’s well-established cloud-based capabilities across
key sectors – education, public infrastructure, healthcare, and manufacturing –
to Siemens’ digital and software know-how in buildings. Brightly’s addition to
the Siemens portfolio accelerates the build-up of SI’s SaaS business, enabling
the companies to deliver superior performance and sustainability for built
infrastructure.
- Smart Infrastructure (SI) to acquire Brightly, a leader in
cloud-based asset and maintenance management software
- Perfectly complements Siemens’ digital offerings for buildings, with
strength in asset and energy management
- Acquisition puts Siemens in pole position to address fast-growing
software market for buildings and built infrastructure
- Purchase price of USD 1.575 billion plus earn-out
Siemens Smart Infrastructure (SI), the frontrunner in digital buildings, has
signed an agreement to acquire Brightly Software, a leading U.S.-based software-as-a-service
(SaaS) provider of asset and maintenance management solutions. The acquisition elevates
SI to a leading position in the software market for buildings and built
infrastructure. The purchase price is USD 1.575 billion, plus an earn-out. The
acquisition will add Brightly’s well-established cloud-based capabilities across
key sectors – education, public infrastructure, healthcare, and manufacturing –
to Siemens’ digital and software know-how in buildings. It also accelerates the
build-up of Siemens’ SaaS business and enables Siemens and Brightly together to
deliver superior performance and sustainability for built infrastructure. Brightly
is expected to benefit from Siemens’ global presence, while Siemens leverages the
software provider’s footprint in the U.S. market. Siemens will realize significant
synergies between Brightly’s capabilities and its own portfolio with an
expected mid-triple-digit million net present value. The transaction is subject
to regulatory approvals, with closing expected in calendar year 2022. The
acquisition will be EPS
accretive pre-PPA in the second year after closing.
- Annual Shareholders’ Meeting to be held
in virtual format on February 9, 2023
- Dr. Regina E. Dugan (Wellcome Leap
Inc.), Keryn Lee James (former CEO of the ERM Group, and expert for
sustainability) and Martina Merz (thyssenkrupp AG) nominated for election to
Supervisory Board
- Reelection of four other Supervisory
Board members proposed:
Dr. Werner Brandt (Chairman of the Supervisory Board of RWE AG),
Benoît Potier (Chairman of the Board of Directors of ĽAir Liquide S.A.),
Dr. Nathalie von Siemens (member of supervisory boards) and
Matthias Zachert (Chairman of the Board of Management of LANXESS AG)
- Michael Diekmann, Dr. Norbert Reithofer
and Baroness Nemat Shafik to leave Supervisory Board
- Supervisory Board and Managing Board propose increasing dividend to €4.25,
up from €4.00 in prior
year
Siemens AG
today published the notice for its next ordinary Annual Shareholders’ Meeting
on February 9, 2023. The Managing Board of Siemens AG has decided, with
Supervisory Board approval, that the Annual Shareholders’ Meeting will again be
held as a virtual event. In addition, the Supervisory Board has proposed the election
of three new members. Approval from the Annual Shareholders’ Meeting for all of
the Supervisory Board’s election proposals would mean that, in the future, half
of the ten shareholder representatives on the Supervisory Board would be female.
As part of its sustainability commitments, the company will, for the first
time, offset the carbon emissions caused by sending nearly a million
invitations.
The information contained herein is not for
publication or distribution, directly or indirectly, in or into Australia or
any other jurisdiction where to do so would be prohibited by applicable law.
- Siemens AG to spin off 55 percent of Siemens Energy to Siemens shareholders
- Plans call for further reducing Siemens’ stake significantly within 12 to 18 months after spin-off’s effective date
- Siemens AG contractually obligated to ensure Siemens Energy’s autonomy and independence
- Siemens Energy to have strong capital and liquidity base; solid investment-grade rating targeted
- Initial listing of new shares planned for September 28, 2020
Siemens AG has today published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting on July 9, 2020. Issuance of the spin-off report marks another key milestone in the creation of an independent, world-leading energy pure play. Siemens shareholders are to automatically receive one share of Siemens Energy AG for every two shares of Siemens AG. Fifty-five percent of Siemens Energy will be spun off to Siemens shareholders. Depending on the strategic and operational development of the two companies, Siemens AG intends to further reduce its stake in Siemens Energy significantly within 12 to 18 months. In addition, Siemens has placed itself under a contractual obligation to refrain from exercising a controlling influence over the new company in the future. Subject to approval by the Extraordinary Shareholders’ Meeting, plans call for the spin-off to take place, as announced, by the end of September 2020. The initial listing is to take place on September 28th, 2020.
- 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.
- Siemens Bank receives approval to operate as a merchant bank in Singapore
- Siemens becomes first industrial company to support its growth strategy in Asian and Australian markets with a local bank branch in Singapore
- Focus on project and structured finance lending business mainly in the business-to-business and business–to-government segments
The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.
- 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.