- Sale for price of €2.025 billion
- Another step in executing Vision
2020+ strategy for becoming a focused technology company
- New ownership structure offers Flender
optimal growth and development opportunities
- Long-term and reliable commitments agreed
upon for Flender’s employees and German locations
The Managing
Board and Supervisory Board of Siemens AG have approved the sale of Flender GmbH
– a world-leading supplier of mechanical and electrical drive systems – to Carlyle.
The contracting parties signed a corresponding agreement today. The price is €2.025 billion (enterprise value). Siemens
recently gave its energy business independence through a public listing. By
selling Flender, the company is now promptly taking another important step in
the rigorous execution of its Vision 2020+ strategy for enabling Siemens
to become a focused technology company. Carlyle’s plans – following Flender’s successful
reorientation – are to further accelerate its growth and fully develop its
strengths through more independence and greater leeway for decisions. The sale also
makes it possible to forgo the originally planned spin-off and public listing
and thus offers a faster track to clarity for a successful future of Flender. The
transaction is expected to close in the first half of 2021 and is subject to
foreign-investment and antitrust approvals.
- Award for
outstanding interpretive recording of Piano Concerto Opus 25 by Viktor Ullmann
(1898–1944)
- Accolades
for soloist Annika Treutler, the Berlin Radio Symphony Orchestra and conductor
Stephan Frucht
- The
project aims to keep alive the memory of Viktor Ullmann in the name of the many
artists expelled and murdered under the Nazi regime
- It also
features a groundbreaking digital, multi-perspective VR media installation with
immersive sound engineering as the narrative to Ullmann’s piano concerto
The Siemens Arts
Program has launched an audiovisual art project in partnership with pianist
Annika Treutler and media artist Alexander Stublić. The project is based on
Piano Concerto Opus 25 by the composer Viktor Ullmann, who was murdered at
Auschwitz in 1944. The art project features an elaborate new 3D audio recording
of the concerto alongside a virtual reality media art installation. The music
was recorded at the RBB concert studio in Berlin in partnership with the
Deutschlandfunk Kultur radio network and performed by the Berlin Radio Symphony
Orchestra conducted by Stephan Frucht (Artistic Director of the Siemens Arts
Program).
The photo artist Herlinde Koelbl presents her international “Fascination of Science” project for the first time. She portrays 60 renowned Nobel Prize winners and scientists. Siemens Arts Program supports the project. The opening ceremony will take place at the Berlin-Brandenburg Academy of Sciences and Humanities in Berlin on October 2, in the presence of the artist and the Managing Board of Siemens AG.
- Sabine Reichel to leave company,
effective November 30, 2020
- Investor Relations to be assigned to
the CFO, effective October 1, 2020
Eva
Riesenhuber will head Siemens’ Investor Relations Department, effective December
1, 2020. She is succeeding Sabine Reichel, who is leaving the company for
personal reasons after the financial reporting for fiscal 2020 is complete. In
recent years, Reichel has carried significant responsibility for Siemens’ highly
successful capital-market communications, which have received multiple awards.
Just last year, she and Siemens’ Investor Relations were honored with the
German Investor Relations Award. Her successor, Eva Riesenhuber, has been
CFO and General Partner at Next47, Siemens’ global start-up unit, since 2018. As
Senior Vice President for mergers and acquisitions, she was previously responsible
for
capital-market
transactions. At the
start of the fiscal year on October 1, 2020, the company’s investor relations
function will, in addition, be transferred to Controlling and Finance, where it
will report directly to the CFO.
- In a first, photo artist Herlinde Koelbl portrays 60 internationally renowned Nobel Prize winners and scientists
- Siemens Arts Program supports the “Fascination of Science” project, combining art with science
- Opening ceremony on October 2 at the Berlin-Brandenburg Academy of Sciences and Humanities in Berlin
- Exhibition to open for visitors on Monday, October 5
The photographic artist Herlinde Koelbl will present her international “Fascination of Science” project for the first time. The opening ceremony will be at the Berlin-Brandenburg Academy of Sciences and Humanities in Berlin on Friday October 2, in the presence of the artist and the Managing Board of Siemens AG.
- Stock-exchange listing completes spin-off
of Siemens Energy AG
- Transaction shall create long-term
value for shareholders of both companies
- New Siemens AG to have clear focus on
shaping digital transformation of industry
Siemens has completed its structural realignment and thus successfully
executed a key part of its Vision 2020+ strategy concept. This morning’s
listing in the Prime Standard segment of the Frankfurt Stock Exchange completed
the quotation of Siemens Energy as a leader in the transmission and generation
of electrical power. This step begins a new chapter in the company’s history.
The independent Siemens companies Siemens AG, Siemens Healthineers AG and Siemens
Energy AG will work together within an ecosystem of common interests. In each
case, however, they will focus on the priorities and characteristics of their specific
businesses and industries. With some 240,000 employees, Siemens AG will
primarily concentrate on technologies that are driving advances in the digital
transformation of industry, in smart infrastructure and in sustainable transportation.
- Atos to deliver digital, integrated and cybersecurity solutions to support Siemens digital strategic objectives
- Siemens-Atos Global Alliance will pursue joint go-to-market growth opportunities
Siemens AG and Atos, a global leader in digital transformation, today announced the extension of their Customer Relationship Agreement within their strategic partnership, started in 2011. The agreement aims to accelerate Siemens’ digital objectives in the areas of services modernization and digitalization, data driven digital, cloud transformation and cybersecurity. It comes in the context of 5-year total €3 billion agreements which were separately signed with Siemens AG, Siemens Energy AG and Siemens Healthineers AG and include existing services as well as new business. As part of the agreement, Atos will also invest in innovation and digital modernization, in order to advance important innovation topics for Siemens.
- Catastrophic
situation after fire ravaged refugee camp in Moria on Lesbos – only makeshift
shelter for people on ships and in provisional tents
- CEOs Diess and Kaeser underscore humanitarian responsibility
of companies
- Funds go to the German Red Cross and its local partners, who
will coordinate the relief efforts
Siemens AG
and the Volkswagen Group are jointly donating €5 million for immediate
humanitarian aid to displaced people in Moria and Greece. The situation for
people has worsened dramatically since fire ravaged the refugee camp in Moria
on Lesbos. They have been given makeshift shelter on ships belonging to the
Greek Navy and in provisional tents. The funds will be given to the German Red
Cross (DRK) to support the comprehensive aid initiatives of the International
Red Cross and Red Crescent Movement for displaced people in Greece.
- About one sixth of all electricity generated worldwide is based on Siemens Energy technology
- Leading portfolio from conventional to renewable energy
- Clear commitment to accelerate profitability by rigorously driving operational excellence, portfolio adjustments and gradually shifting innovation focus towards sustainability and service
- Clear target for Adjusted EBITA margin (before Special Items) of 6.5 to 8.5% for fiscal year 2023
At a virtual capital market day, Siemens Energy, a world leader in energy infrastructure, today laid out its post-spin-off strategy. Siemens Energy is aiming for accelerated profitable growth. Management aims to achieve an Adjusted EBITA margin before Special Items of 6.5% to 8.5% for fiscal 2023. The Executive Board is committed to drive operational excellence, portfolio adjustments to meet market demand and gradually shift the focus of innovation and R&D to sustainability and service.
- Important milestone for planned Flender listing
- The two Portfolio Companies’ businesses a perfect fit
- Combined company to strengthen global technology leadership
A major milestone on the way to the planned public listing of Flender in 2021 has been reached. Effective today, Siemens Wind Energy Generation (WG) will be part of Siemens AG’s wholly-owned subsidiary Flender GmbH in Germany and thus perfectly complement Flender’s business portfolio. Flender will expand its market-leading position in gear units through the addition of electro-technical expertise in generators for the wind industry, while WG will benefit, among other things, from Flender’s strong position in the wind power sector. The combined company will be a global technology leader with a competitive cost base and an attractive service business. The two units are part of Siemens’ Portfolio Companies, with around 8,500 employees and pro forma revenue of roughly €2 billion.