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Siemens has entered into an agreement to acquire Invensys Rail, the rail automation business of Invensys for approximately €2.2 billion (£1.742 billion). At the same time, the company plans to divest its baggage handling, postal and parcel sorting activities. Both planned transactions are part of the recently launched "Siemens 2014" company program, which amongst others, is aimed at strengthening the company's core activities. With revenues of approximately £800 million, Invensys Rail is a leading software based rail signaling and control company. The acquisition will expand Siemens' presence in the growing global rail automation market. "Today's moves are important measures to focus our core activities. We are exiting a non-core business with limited synergy potential while strengthening a resilient and high return business by combining two organizations with similar cultures and attractive synergy potential. The combined business will ensure profitable growth opportunities worldwide for the Siemens Infrastructure & Cities Sector," said Roland Busch, CEO of Siemens Infrastructure & Cities. The transaction is subject to Invensys shareholder approval and regulatory clearances.

During the 14th round of the Russian-German intergovernmental consultations in the presence of Mr. Vladimir Putin, President of Russia, and Ms. Angela Merkel, Chancellor of the Federal Republic of Germany, Siemens signed a number of agreements with Russian partners. "Russia is a very important market for Siemens. With a comprehensive portfolio of innovative and ecofriendly technologies, we're a reliable partner for the modernization of the country's infrastructure," said Peter Löscher, President and CEO of Siemens AG.

Siemens is targeting a Total Sectors profit margin of at least 12 percent and, among other goals, productivity gains of €6 billion over the coming two years with its recently launched "Siemens 2014" company program. The first measures have already been introduced and are being rigorously implemented. One of the program's five levers aims at strengthening the company's core activities. As part of this strategy, Siemens is acquiring LMS International for around €680 million in the Industry Sector and will also restructure its water technology business. In the future, the water business will focus on Siemens' core competencies in automation and drives, while activities involved in processing and treating water and wastewater will be sold.

"A strong fourth quarter enabled us to fulfill our expectations for fiscal 2012 and achieve one of our best years ever. Even so, we didn't fully succeed in significantly boosting our performance vis-à-vis competitors, as we did in recent years. To get back to reaching our own goals, we've launched "Siemens 2014," a company-wide program aimed at raising our Total Sectors profit margin to at least 12 percent. We know what we have to do – and we're doing it."

In fiscal 2012, Siemens achieved a seven percent gain in revenue and a strong profit. Income from continuing operations was €5.2 billion and thus in line with expectations. New orders declined ten percent year-over-year. "A strong fourth quarter enabled us to fulfill our expectations for fiscal 2012 and achieve one of our best years ever," said Peter Löscher, President and CEO of Siemens AG. "Even so, we didn't fully succeed in significantly boosting our performance vis-à-vis competitors, as we did in recent years. To get back to reaching our own goals, we've launched 'Siemens 2014,' a company-wide program aimed at raising our Total Sectors profit margin to at least 12 percent. We know what we have to do – and we're doing it."

Siemens has opened its first center for sustainable urban development in London. The heart of the Crystal is the world's largest exhibition dedicated to sustainable urban development. The crystal-shaped building will serve as a conference center, urban dialogue platform and technology and innovation center all in one, bringing together political decision-makers, infrastructure experts and the general public in order to develop concepts for the future of cities and their infrastructures. "Cities are the engines of the world economy and also have the greatest impact on the environment. The development of our planet will stand or fall with the development of cities. Looking ahead to the urban future, the Crystal showcases a wide variety of opportunities and concrete solutions," said Siemens President and CEO Peter Löscher at the opening ceremony.

Siemens is Supersector Leader in the Dow Jones Sustainability Index (DJSI) for the first time, leading the category "Industrial Goods and Services". Siemens also won the top spot in the sector "Diversified Industrials". The company achieved its best result to date with 92 points (2011: 90) out of a possible 100. The Diversified Industrials category includes companies like 3M, General Electric, Toshiba and ThyssenKrupp. Yesterday, Siemens was also honored by the Carbon Disclosure Project (CDP), receiving 98 points (2011: 97) out of a possible 100 in the independent ranking. "Being Supersector Leader is the highest possible award a company can achieve. Our strategy of being a role model and above all understanding sustainability as a business opportunity pays off. In a difficult environment, the credit goes above all to our employees worldwide, who are making Siemens a leader in sustainability," said Barbara Kux, member of Siemens' Managing Board and the company's Chief Sustainability Officer.