We released our first quarter results for fiscal year 2020 on February 5, 2020. The Press Conference and the Analyst Call were broadcast live.
- Purchase price of €20.00 per SGRE share
- All shares held by Siemens to be transferred to future Siemens Energy
- Cooperation agreement signed for future joint projects
- Intensified cooperation between Siemens and SGRE will create savings of up to €900 million (NPV) for SGRE
Siemens AG will acquire all the shares of Siemens Gamesa Renewable Energy (SGRE) held by Iberdrola S.A. At its regular meeting today, the Supervisory Board of Siemens AG approved the purchase of Iberdrola’s 8.1% stake in SGRE. The purchase price is €20.00 per share, which corresponds to a 32% premium on top of the average SGRE share price for the last 30 trading days. Siemens will pay the total amount of €1.1 billion from its own resources. All legal disputes between Iberdrola and Siemens will be settled.
- Focus
on Industrial Internet of Things
- Former
head of Strategy Department, Horst J. Kayser, responsible for Siemens’
Portfolio Companies
Peter Körte (44) has been appointed the new head of Siemens’ Strategy
Department, effective February 1, 2020. In this role, he will succeed Horst J. Kayser,
who has been responsible for Siemens’ Portfolio Companies since the beginning
of January and has headed the Strategy Department on an acting basis since that
time. As head of Strategy, Körte will report directly to Deputy CEO Roland
Busch. Körte currently heads the Digital Health unit at Siemens Healthineers’ Diagnostic
Imaging business.
Effective
February 1, 2020, Michael Hagmann (53) will be responsible for setting up
Siemens Energy’s Investor Relations Department. He will report directly to
Michael Sen, designated CEO of Siemens Energy.
- Acquisition to address rising demand for low-voltage power distribution in India
- Siemens to acquire 99% of C&S Electric Limited
- Transaction strengthens local market presence, enables creation of export hub
- Closing subject to regulatory approvals
In a step to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens Ltd. (India) today signed an agreement to acquire New Delhi-based C&S Electric Limited. The acquisition of one of the leading providers of electrical and electronic equipment for infrastructure, power generation, transmission and distribution, will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world’s fastest-growing economies. Under the agreement, Siemens Ltd. will acquire approximately 99 percent of the equity share capital of C&S Electric Limited for around EUR 267 million (INR 21 billion). Closing of the acquisition is subject to regulatory approvals. In the future, Siemens envisions this partnership to pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world. Siemens Ltd. is the local, publicly-listed entity of Siemens AG.
- Siemens Arts Program to showcase
work of persecuted and “ostracized” Jewish musicians in order to mark 75th
anniversary of liberation of Auschwitz concentration camp
- Composer Viktor Ullmann
(1898-1944), murdered in Auschwitz, to be honored with new
3D recording to be released on January 31
- Ullmann’s Piano Concerto Opus 25
recorded for first time in 3D audio format by Rundfunk-Sinfonieorchester
Berlin and Annika Treutler (piano) under the direction of Stephan Frucht
The
Siemens Arts Program has teamed up with pianist Annika Treutler to produce a
new recording of Viktor Ullmann’s Piano Concerto Opus 25, composed in 1939.
This is the first time the work has been recorded using 3D audio processing.
The recording was produced in cooperation with the German broadcaster Deutschlandfunk Kultur and the Rundfunk-Sinfonieorchester Berlin at Berlin-Brandenburg
Broadcasting’s large studio in Berlin under the direction of Stephan Frucht (Artistic Director of the Siemens Arts Program). The recording
process was directed by Professor Thorsten Weigelt (Berlin University of Fine
Arts) and the 3D immersive audio specialist Stefan Bock (IAN Munich).
To whom it may concern,
First of all, I do want to thank you for the countless
mails, social media engagements and personal meetings over this important matter.
The vast majority has been addressing their concerns clearly and with respect.
For me, this only underscored the importance and the need to diligently look
into the issue at hand. Especially, the messages I’ve received from Australian
people have moved me personally, when they described that their homes and their
country is burning and suffering from these terrible fires.
Even though we do not have clear evidence that the wildfires
and this project are directly connected, I feel empathy for all those, who
spoke up and warned about worsening conditions. Siemens, as one of the first companies
to have pledged carbon neutrality by 2030, fundamentally shares the goal of
making fossil fuels redundant to our economies over time.
The
historical Siemensstadt will be transformed into a new working and living
environment. With Siemensstadt2, Siemens is planning to implement the largest
development project in its history.
- Jury’s decision for design by Berlin firm unanimous
- Clear urban development concept and new high-rise structure in center of Siemensstadt
- Historic location to be successfully transformed for the future
Siemens and the State of Berlin invited 18 architecture firms and urban planning teams to participate in the competition to redesign Siemensstadt (“Siemens City”), the company’s historic location in Berlin. After two days evaluating their proposals, the high-caliber jury has now reached a decision: “Siemensstadt 2.0 will be implemented on the basis of a design submitted by the Berlin firm Ortner & Ortner Baukunst,” said Stefan Behnisch, the distinguished architect who chaired the jury’s deliberations. “In the jury’s view, this design will provide a solid basis for the structure of the future Siemensstadt. It’s not the complete picture. It leaves room for necessary developments. It’s a design that treats the historical buildings with respect while enabling their up-to-date utilization. The design fulfills virtually all today’s requirements, but also leaves room for the future development of a new, modern city where people can both work and live,” he added.