- First B&R International Summit held in Beijing to "Connect, Create, Collaborate"
- More than ten cooperation agreements signed with Chinese enterprises
- Partnership with over 100 Chinese EPCs in more than 100 markets worldwide
- Siemens calls for digital ecosystem for future-oriented infrastructure development
- Carsten Hasbach to head Siemens' BRI Office in Beijing
Siemens entered into more than ten agreements with Chinese partners today in support and exploration of opportunities from the Belt and Road Initiative (BRI). At the Belt and Road International Summit held by Siemens today, more than 1,000 leaders and executive representatives from governments, enterprises, investors, financing institutions and think tanks from more than 30 countries and regions gathered. The cooperation, signed with a number of leading Chinese enterprises - including for example China Gezhouba Group Corporation International Engineering Co., Ltd., Guangdong Yuedian Group Co., Ltd., China National Chemical Engineering Group Corporation Ltd. (CNCEC), China Railway Construction Corporation (International) Ltd., China Civil Engineering Construction Corporation (CCECC) and China Resources Cement Holdings Ltd. - covers power generation, energy management, building technology and intelligent manufacturing, and it targets market potentials of countries and regions such as Indonesia, the Philippines, Nigeria, Mozambique as well as South America.
- French Ministry for the Economy and Finance gives green light
- France's financial markets regulator grants Siemens exemption
The planned combination of Siemens' mobility business, including its rail traction drive business, with Alstom has reached the next milestones. In connection with the transaction, the French Ministry for the Economy and Finance (MINEFI) has granted Siemens foreign investment clearance. The Ministry can restrict or prohibit foreign investments in specified industries in France.
- Juan Ignacio Diaz appointed new CEO of Siemens Mexico, Central America, and Caribbean, effective June 1
Siemens Mexico today announced that Juan Ignacio Diaz will serve as the new CEO of Siemens Mexico, Central America, and Caribbean. He succeeds Louise Goeser who has left the company. Diaz was previously Country CEO of Siemens Chile and lead for its Mobility division.
- Technical prerequisites for Industrie 4.0 fulfilled
- Personalized medicine is driving digitalization of the pharmaceutical industry
- IoT solutions as a growth driver
The digital transformation of the industrial sector is in full swing: with its Digital Enterprise portfolio, Siemens has fulfilled the technical prerequisites for implementing Industrie 4.0, the Fourth Industrial Revolution. As a result, companies of any size or industry can immediately begin using "digital twins" across the entire value chain in order to increase their competitiveness over the long term. "With our Digital Enterprise portfolio, our customers are now already achieving improvements in flexibility, time-to-market, efficiency and quality," said Eckard Eberle, CEO of Siemens' Process Automation Business Unit, at a press event in Vienna, Austria. "With these capabilities, they can successfully tackle some of the challenges that the process industries are currently facing. The growing importance of personalized medicine, for instance, is strengthening demand within the pharmaceutical industry for digital technologies that enable continuous, paperless production in smaller batches all the way down to a lot size of one."
- Building Technologies to acquire leading provider of smart IoT systems in buildings
- Expansion of smart building technology with digital sensory system – advanced lighting control application as core element
- Enhancing building performance by gathering multiple streams of data to improve transparency and efficiency
- Transaction expected to close in the third quarter of 2018
Siemens Building Technologies Division is acquiring Enlighted Inc., a leading provider of smart IoT (Internet of Things) systems in buildings, headquartered in the Silicon Valley. The company is a successful player in the smart building industry, bringing an advanced digital sensory system to market. Both parties have agreed not to disclose financial details. Closing is expected in the third quarter of 2018. Enlighted will be managed as an independent legal entity and wholly-owned subsidiary of Siemens Industry, Inc.
Siemens stands for understanding and openness and opposes every form of discrimination, social exclusion, hate and nationalism. Siemens' Managing Board, Senior Management, Central Works Council and entire workforce as well as the IG Metall metalworkers' union stand together against every form of populism and racism. Regardless of where in the world it originates or who is behind it – discrimination stands in stark contrast to our company's values. We have operations in more than 200 countries around the world, and employees from about 170 different nations work at our company. Respect, tolerance and diversity are a matter of course for us, and they form the foundation for our company values. The action that we take together aims to create value and improve quality of life for all – without any form of social exclusion due to national origin, religion, appearance or sexual orientation. Racism can raise its ugly head anywhere: in kindergartens and schools, among the general public, in our free time or at the workplace. For this reason, we should and must take an effective stand against discrimination and for our values – day in and day out.
- Expansion of Siemens offering with open software framework for building automation and IoT
- California-based J2 Innovations to be managed as independent legal entity and wholly-owned subsidiary of Siemens
- International expansion of J2 Innovations beyond North America
Siemens is acquiring J2 Innovations (J2), a leading software framework provider for building automation and IoT, headquartered near Los Angeles, California. The company has been a successful player in the Internet-of-Things (IoT) software business for 10 years, building a strong reputation in the US and internationally with its FIN (Fluid INtegration) Framework technology. Both parties have agreed not to disclose financial details. The transaction is expected to close by the end of May 2018.
We released our second quarter results for fiscal year 2018 on May 9, 2018. The Conference Call for journalists and the Analyst Call were broadcast live.
- Revenue was €20.1 billion, nearly unchanged from Q2 FY 2017, and orders were also strong at €22.3 billion, 2% below the high basis of comparison a year earlier which included a substantially higher volume from large orders; the book-to-bill ratio was 1.11
- On a comparable basis, excluding currency translation and portfolio effects, revenue was level and orders declined by 1%
- Industrial Business profit of €2.3 billion and Industrial Business profit margin of 11.0%; strong performance led by Digital Factory, held back by a sharp decrease in profit and profitability at Power and Gas
- Net income of €2.0 billion included a €0.7 billion profit from Centrally managed portfolio activities; basic earnings per share (EPS) increased to €2.39, up from €1.75 in Q2 FY 2017
- The successful initial public offering (IPO) of Siemens Healthineers AG included the float of a 15% interest in the business
"Most of our businesses, primarily our digital offerings, showed impressive performance and operationally more than offset structural challenges in fossil power generation. By raising our guidance, we demonstrate our commitment to the company’s capability to master structural change and shape digital industry."
- Framework agreement for restructuring at Power and Gas (PG) and Process Industries and Drives (PD)
- Cost reduction targets retained, job cuts unavoidable
- At the same time, a future pact for shaping the structural transformation
- Siemens establishes future fund for further qualification of employees
Following intensive exploratory talks, Siemens has reached an agreement with its Central Works Council and the IG Metall labor union regarding a future pact for the digital transformation. The pact defines the framework for the restructuring measures currently required at the Power and Gas Division (PG) and the Process Industries and Drives Division (PD) and is thus the basis for the negotiations that are now beginning regarding a reconciliation of interests and a social plan.