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• Siemens and S&P Global Market Intelligence 451 Research publish a study on the industrial metaverse
• 81 percent of businesses are using, testing, or planning to implement industrial metaverse solutions
• Over two-thirds of medium-sized businesses are increasing investments
• The share of companies investing over US$10 million annually has doubled to 30 percent
• North America in vanguard, with 23 percent of respondents classified as leaders, followed by Europe (19 percent) and Asia-Pacific (15 percent)

S&P Global Market Intelligence 451 Research and Siemens have published a technology report on the status of the industrial metaverse in 2024. The report is based on a survey of 907 participants across 16 industries and seven countries (Australia, Canada, China, Germany, India, the UK and the U.S.), as well as on additional qualitative interviews.

• 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.  

• 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.

• The Science Based Targets initiative has validated Siemens’ 2030 and 2050 science-based net-zero targets
• Siemens’ near- and long-term emissions reduction targets align with the SBTi Net-Zero Standard, supporting the company’s commitment to a low-carbon future

Siemens is pleased to announce the confirmation of its updated emissions reduction targets by the Science Based Targets initiative (SBTi). Supporting the company’s commitment to fostering a low-carbon future, Siemens’ near- and long-term targets are now aligned with the SBTi Net-Zero Standard for Scope 1, 2, and 3 targets for 2030 and 2050. The SBTi Net-Zero Standard is the world’s leading framework for corporate net-zero target-setting in line with climate science. SBTi provides standards, guidance, and tools for companies to set emissions reductions targets. This confirmation by the SBTi validates Siemens’ science-based net-zero approach which is fully aligned with the Paris Agreement.

• Memorandum of Understanding signed to drive digital transformation through strategic projects across all three business sectors of Merck
• Siemens named one of the global preferred suppliers for Merck's next-level automation, boosting global smart manufacturing with Siemens Xcelerator platform
• Merck's cutting-edge production, enabled by Siemens, sets new standards in modular manufacturing

Merck, a leading science and technology company, and Siemens, a leading technology company deepened their mutual cooperation aimed at taking smart manufacturing to the next level today. Cedrik Neike, CEO Digital Industries and Member of the Managing Board of Siemens AG, and Kai Beckmann, CEO Electronics business and Member of the Executive Board of Merck, signed a Memorandum of Understanding (MoU) to expand cooperation in Smartfacturing (short for Smart Manufacturing) and outline the next steps for both companies. The MoU makes Siemens a preferred global supplier and strategic partner for Smartfacturing technologies, paving the way for transformative projects across Merck's three business sectors.

Tobias Atzler (48) will lead Investor Relations at Siemens AG, effective October 1, 2024. He will be responsible for engaging with the financial markets and for fostering relationships with investors and financial analysts and will report to Ralf P. Thomas, Siemens’ Chief Financial Officer.  Ralf Thomas said, “With his many years of comprehensive experience in the investor relations area, his profound understanding of the capital markets and his excellent leadership qualities, Tobias Atzler is the ideal candidate and a proven expert for this important role. I’m looking forward to working with him and wish him much continued success.”