- Siemens further sharpens its
portfolio as a focused technology company
- Purchase price of €1.15 billion,
closing expected in current calendar year
- Sale to international technology
group Körber agreed
- Mail and parcel business ideal
expansion of Körber’s portfolio, supplementing its existing Business Area Supply
Chain
- Airport logistics business to remain
part of Siemens’ Portfolio Companies
Siemens has reached
an agreement to sell the mail and parcel business of Siemens Logistics GmbH to
the Körber Group. With this transaction, approved by the Managing and
Supervisory Boards of Siemens AG, Siemens is further implementing the rigorous
sharpening of its portfolio as a focused technology company. The purchase price
totals €1.15 billion (enterprise value). Closing is expected in the course of
the current calendar year, subject to regulatory approvals. Körber is a
world-leading technology company whose Business Area Supply Chain has grown
successfully in recent years, making the company a long-term, strategic new
owner for the mail and parcel business.
- Bavarian Minister-President Dr. Markus Söder kicks off H
2
lighthouse project for energy transition in Germany
- With 8.75 megawatts of electrical power, it will be one of Germany’s
largest carbon-free hydrogen generation plants
- Siemens Financial Services, Rießner Gase GmbH and SWW Wunsiedel GmbH
are investors in Wunsiedel’s WUN H2 operating company
- Plant to go into operation in
summer 2022 with an annual production of up to 1,350 tons of hydrogen and CO
2
savings of up to 13,500 tons
- WUN H2 to supply Northern Bavaria, Thuringia and neighboring part of
Czech Republic with hydrogen
Kickoff
for one of the largest green hydrogen projects in Germany: The official
groundbreaking ceremony in Wunsiedel marked the start of construction of a
hydrogen generation plant with a capacity of 8.75 megawatts. The facility will
produce up to 1,350 tons of hydrogen per year using only renewable energy, for
example from solar or wind power. Using the generated hydrogen in
transportation and industry allows for CO
2 savings of up to 13,500
annually.
- The Carlyle Group is Flender
GmbH’s new owner
- Completion of another step
in executing Vision 2020+ strategy for enabling Siemens to become a focused
technology company
Siemens has successfully
closed the sale of Flender GmbH to The Carlyle Group for €2.025 billion
(enterprise value). In October 2020, Siemens announced its plans to sell the specialized
supplier of mechanical and electrical drive systems to Carlyle. Now that the relevant
authorities have granted the required approvals, the transaction has closed. As
previously announced, the sale of Flender results in a disposal gain of a euro
amount in the mid-triple-digit millions for Siemens AG.
- Siemens, MW Storage International, Fluence and Vibeco develop unique ecosystem for global beverage manufacturer
- Solution to enable new levels of energy optimization
- Encompasses software, financing, latest storage technology
- Sinebrychoff’s first energy storage service contract
In a move that brings new market opportunities for industrial players, Siemens has developed a unique business model to support the next level of energy optimization for Finnish brewery Sinebrychoff, a subsidiary of the international Carlsberg Group. At the heart of the solution, which will be implemented at Sinebrychoff’s plant in greater Helsinki, is a virtual power plant (VPP) and the latest energy storage technology, supported with financing solutions, to create one of the first examples of power flexibility in an industrial site.
- 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.
- Calibrant Energy to bundle latest distributed energy technologies and financing expertise of global leaders Macquarie and Siemens
- The joint venture will create Energy-as-a-Service solutions from a full range of energy technologies for corporate and municipal clients
Macquarie’s Green Investment Group (GIG), Siemens Smart Infrastructure and Siemens Financial Services (SFS) today announced the formation of Calibrant Energy (Calibrant), a joint venture that offers comprehensive onsite Energy-as-a-Service (EaaS) solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools and hospitals.
- SF6-free high-voltage switchgear and ester-filled transformer complete demo project, delivering an integrated clean energy solution for China
- First implementation of Siemens Energy’s 66 kV technologies for wind turbine applications in China
Siemens Energy commissioned an eco-friendly power transmission system complementing one of China’s largest offshore eight-megawatt (MW) wind turbines. The system consists of a SF6 (sulfur hexafluoride)-free gas-insulated high-voltage switchgear (GIS) called 8VM1 Blue GIS® and a liquid-immersed distribution transformer with ester fluid. It is part of a demo project by Shanghai Electric, located at Shantou Haojiang onshore Industrial Park on the east coast of Guangdong, South China.
- Siemens Energy Corporate Center in Berlin
- Joint location and structural concept planned with the State of Berlin
- Company's administrative
headquarters remain in Bavaria
Siemens Energy, as a stand-alone company,
will locate its Corporate Center in Berlin. The energy technology company with
worldwide 91,000 employees, which in 2019 generated revenue of €28.8 billion,
is thus returning to its roots: Werner von Siemens and Johann Georg Halske
founded their company in Berlin in 1847 and with the discovery of the
electrodynamic principle in 1866 laid a foundation for today's Siemens Group
and therefore today's Siemens Energy.
- Dynamic load flow control solution for grid stabilization and resilience
- UPFC PLUS controls load flow in milliseconds
- Facilitating the increasing integration of renewable energy
With its new Unified Power Flow Controller, called UPFC PLUS, Siemens Energy is expanding the options for grid stabilization. The UPFC PLUS will help system operators stabilize the grid by dynamically controlling the load flow in alternating-current grids. Easy to integrate into existing infrastructure, the UPFC PLUS improves the efficiency of today’s power grid while providing the grid stability and resilience required in the ever-changing energy landscape.