- Siemens presents Three-Point Plan for implementing the energy transition
- Revisions of energy transition concept urgently needed
- Climate protection to have priority over maximizing renewables
- Restructuring of Germany's energy system too costly
- High energy costs burden industry and consumers
- Germany's competitiveness as a business location threatened
The costs of restructuring Germany's energy system are too high. With the present energy transition concept, it will not be possible to achieve security of supply while also ensuring sustainability and affordability. The current approach also establishes false incentives for investment and innovation. According to Siemens' calculations, Germany could save more than €150 billion by 2030 and limit further increases in the price of electricity by revising the energy transition concept without any negative impacts on its climate targets. At the Siemens Energiewende-Dialog (Energy Transition Dialogue) taking place in Berlin on June 3-11, 2013, the company presented a Three-Point Plan with concrete proposals for the cost-efficient implementation of the energy transition. "Siemens stands behind the energy transition. However, the project is currently at a critical stage. We need decisions that will maintain our country's competitiveness over the long term. Our aim is to achieve a sustainable energy system with secure supplies and affordable electricity," said Peter Löscher, President and CEO of Siemens AG.
- Joe Kaeser, Horst Seehofer and Dr. Florian Janik present winning design
- Important milestone reached in this €500-million project
- Strong symbol for the state of Bavaria, the city and Siemens
- Construction work to be performed in stages from 2016 through 2030
The "Siemens Campus in Erlangen," which is being planned as Siemens' largest location worldwide, will be built according to the design drafted by the architecture firm KSP Jürgen Engel Architekten of Frankfurt, Germany. This decision was made today in Erlangen by the jury comprised of high-caliber stakeholder representatives and experts from related fields. "We're building the Siemens Campus in Erlangen to provide a home to top researchers from all over the world. When the political, business and scientific communities work hand in hand, that's the best investment in Germany's future as an innovation hub," said Joe Kaeser, President and CEO of Siemens AG, during the announcement in Erlangen. "The urban development design implements our objective of creating a campus of the future that will benefit our customers and employees, but also the entire area, over the long term," said Kaeser.
- New orders up 12 percent – Revenue development nearly stable
- Book-to-bill ratio 1.20 – Order backlog at record level of €102 billion
- Double-digit growth in net income and earnings per share
Siemens delivered a sound quarter to start its fiscal year 2014. Supported by several major orders, new orders rose 12 percent year-over-year, while revenue development was nearly stable. "We delivered a sound quarter to start our fiscal year. As expected, market conditions were not in our favor. We continue to focus on our productivity program for the year, and on the actions we will take beyond 2014," said Siemens President and CEO Joe Kaeser.
- Takeover bid for Dresser-Rand has a total transaction value of $7.6 billion
- Acquisition strengthens Siemens’ portfolio for oil & gas industry
- Complementary regional footprint and product portfolio
Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand (NYSE:DRC), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens' bid is unanimously supported by Dresser-Rand's Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (approximately €5.8 billion). With its comprehensive portfolio of compressors, steam turbines, gas turbines and engines, Dresser-Rand is a leading supplier for the oil & gas, process, power and other industries in the related energy infrastructure markets worldwide. The acquisition complements Siemens' existing offerings, notably for the global oil & gas industry and for distributed power generation.
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.
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.
As part of its realignment, Siemens AG is preparing to publicly list its audiology activities in order to give the business an opportunity to better leverage its potential outside the company. Step by step, Siemens' hearing aid activities have succeeded in capturing a strong market position in recent years. Experts predict that by 2020 the market for hearing aids will have grown by an average of four percent per year.
- Damages due to natural hazards increasing dramatically
- Technology as an important lever to make cities more resilient
- Arup, Regional Plan Association and Siemens present a report on resilient infrastructure
Damages caused by extreme weather phenomena are increasing around the globe. In 2012, the costs of such damages totaled approximately US$160 billion worldwide. With dense populations, cities are particularly vulnerable to natural hazards. For example, Superstorm Sandy alone was responsible for damages of some US$50 billion, mostly in the New York Metropolitan area.
A new and exciting exhibition opens its doors on 8th October 2013 in London at the Crystal. Presented by engineering experts Siemens in conjunction with London Transport Museum and media specialists CBS Outdoor UK, 'Going Underground: Our journey to the future' will showcase future developments for metro-style trains and stations. At the heart of the exhibition will be a full-size mock up of a brand new concept metro train – the Siemens Inspiro. A mix of interactive exhibits on display - housed in a temporary 'station' building - will focus on technologies to help travellers find their way more easily, electronic ticketing developments, passenger information systems and station management solutions. "Going Underground" is free to enter and will be open for a three month period. It will be located on the site of The Crystal in Royal Victoria Docks, London.
At its meeting today, the Supervisory Board of Siemens AG approved the establishment of a compensation committee. Regulatory and legal requirements and the importance of compensation-related topics in the company's dialogue with society were the backdrop for this step.