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• Siemens Xcelerator comprises a curated portfolio, a growing partner ecosystem and an evolving marketplace to speed up value creation across industry, buildings, grids and mobility
• Curated portfolio of IoT-enabled hardware, software and digital services following key design principles of interoperability, flexibility, openness and as-a-service
• Launch of new Building X end-to-end smart building Software-as-a-Service (SaaS) suite
• Planned acquisition of Brightly Software will accelerate growth in digital buildings complementing Siemens’ smart building portfolio
• Partner ecosystem grows through industrial metaverse partnership with NVIDIA for physics-based, immersive digital twin development
• Reaffirms Siemens’ ten percent compound annual growth targets for digital business

Siemens AG has launched an open digital business platform, Siemens Xcelerator, to accelerate digital transformation and value creation for customers of all sizes in industry, buildings, grids and mobility. The business platform makes digital transformation easier, faster and scalable. Siemens Xcelerator includes a curated portfolio of internet of things (IoT) enabled hardware, software and digital services from across Siemens and certified third parties; a growing ecosystem of partners; and an evolving marketplace to facilitate interactions and transactions between customers, partners and developers. 

• Partnership to transform the manufacturing industry with immersive experiences across the lifecycle from design through operation
• Companies will connect NVIDIA Omniverse and Siemens Xcelerator platforms to enable full-fidelity digital twins and connect software-defined AI systems from edge to cloud

Siemens, a leader in industrial automation and software, infrastructure, building technology and transportation and NVIDIA, a pioneer in accelerated graphics and artificial intelligence (AI), today announced an expansion of their partnership to enable the industrial metaverse and increase use of AI-driven digital twin technology that will help bring industrial automation to a new level. 

• 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. 

• New collaboration tools for Comfy’s mobile app support businesses in returning employees to offices for hybrid working models
• Digital tools directly address known employee concerns around hybrid working, including lack of collaboration opportunities and social contact
• New features announced at Hannover Messe in Germany; available June 2022

• Approximately 2,000 kilometers of modern, safe and integrated rail system to link 60 cities for people and goods across the country
• Siemens Mobility to provide 41 Velaro eight car high-speed trains, 94 Desiro high-capacity four car regional train sets and 41 Vectron freight locomotives
• Turnkey contract includes latest rail infrastructure technology, eight depots & yards and 15-year maintenance agreement
• Will create sixth largest high-speed rail system in the world
• To complete all aspects of the project the consortium will create up to 40,000 local jobs 

Siemens Mobility and its consortium partners Orascom Construction and The Arab Contractors have signed a contract with the Egyptian National Authority for Tunnels [NAT], a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, to create the sixth largest high-speed rail system in the world. The Siemens Mobility share of the combined contract is 8.1 billion EUR and includes the initial contract of 2.7 billion EUR for the first line signed September 1, 2021. 

Divestment of Commercial Vehicles business to Meritor agreed Purchase price (Enterprise value) of around €190 million Transaction expected to close by end of this calendar year Further successful milestone of value creation for Siemens’ Portfolio Companies Siemens has agreed to sell its Commercial Vehicles business to Meritor. The move is another step in the company’s rigorous implementation of its previously announced plan to sharpen its portfolio as a focused technology company. Commercial Vehicles is part of Siemens’ Portfolio Companies. The purchase price totals around €190 million, subject to working capital adjustments. Closing is expected, subject to regulatory approvals, by the end of this calendar year.

• Orders for the second quarter climbed 32% year-over-year, reaching €21.0 billion on double-digit increases in all industrial businesses, while revenue rose 16% year-over-year, to €17.0 billion, for a book-to-bill ratio of 1.23
• Orders rose 22% and revenue grew 7% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. (Varian) between the periods under review
• Profit Industrial Business came in lower at €1.8 billion with a profit margin of 11.0%, both heavily burdened by €0.6 billion in impacts, mainly in Mobility, subsequent to sanctions imposed on Russia
• Net income was €1.2 billion, with corresponding basic earnings per share (EPS) of €1.29 and EPS before purchase price allocation accounting (EPS pre PPA) of €1.50; while net income in the current period included Russia-related impacts totaling €0.6 billion, the prior-year quarter benefited from a €0.9 billion divestment gain within discontinued operations
• Free cash flow from continuing and discontinued operations rose to €1.3 billion (Q2 FY 2021: €1.2 billion)

Siemens will exit the Russian market as a result of the Ukraine war. The company has started proceedings to wind down its industrial operations and all industrial business activities. The financial impact of this decision will be reported as part of the regular disclosure on the second quarter results today on May 12, 2022.