- Innomotics, a leading supplier of
motor and large-drive systems, has launched with a new brand identity
- As of July 1, 2023, Innomotics has
become a separately managed Siemens subsidiary in Germany
- Global carveout is on track and is to
be largely completed by October 1, 2023
- Operating headquarters are in
Nuremberg, Germany, for the new company, which employs about 15,000 people
globally and generates more than €3 billion in revenue
Innomotics has
launched in Germany as a separately managed legal entity as of July 1,
2023. Under a single roof, the supplier of motors and large drives brings together
business activities with low- to high-voltage motors, geared motors,
medium-voltage converters and motor spindles as well as project and service
offerings for this product portfolio. The company’s operating headquarters are
located in Nuremberg, Germany. The carveout in Germany has now been completed. The
global carveout is also to be largely completed by the beginning of the new
fiscal year on October 1, 2023. In the future, Innomotics will comprise the previous
corresponding businesses from the units Large Drives Applications and Digital
Industries, as well as the separately managed Siemens companies Sykatec and
Weiss Spindeltechnologie. Worldwide, around 15,000 people are working at
Innomotics to realize growth potential and thus secure the company’s future market
success as a trailblazing specialist for motors and large drives.
The sale of Siemens
Commercial Vehicles business to Meritor closed successfully on November 30.
In May 2022, Siemens had announced the contract signing to sell Commercial
Vehicles business to Meritor, Inc. for a purchase price of around €190 million
(Enterprise Value).
- Siemens completes sale of mail and
parcel business to Körber
- Further step in simplifying Siemens’
portfolio achieved
The sale of
Siemens Logistics’ mail and parcel business to the Körber Group closed
successfully on July 1. In February 2022, Siemens had announced the
contract signing for the sale of the mail and parcel business to the Körber
Group for €1.15 billion (enterprise value).
- Profit impact of around 300 million Euros in Q2 FY22
- Closing expected in July 2022
- Single ownership of Valeo provides strong prospects for joint
venture
- Another successful milestone for Siemens Portfolio Companies
Siemens AG has signed an agreement to sell
its 50 percent stake in the Valeo Siemens e-Automotive (VSeA) joint venture to
Valeo. The positive profit impact of around 300 million Euros will be recorded
in the second quarter of fiscal 2022 and closing is expected in July 2022,
subject to regulatory approvals.
- 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.
- 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.
- 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.
- About one sixth of all electricity generated worldwide is based on Siemens Energy technology
- Leading portfolio from conventional to renewable energy
- Clear commitment to accelerate profitability by rigorously driving operational excellence, portfolio adjustments and gradually shifting innovation focus towards sustainability and service
- Clear target for Adjusted EBITA margin (before Special Items) of 6.5 to 8.5% for fiscal year 2023
At a virtual capital market day, Siemens Energy, a world leader in energy infrastructure, today laid out its post-spin-off strategy. Siemens Energy is aiming for accelerated profitable growth. Management aims to achieve an Adjusted EBITA margin before Special Items of 6.5% to 8.5% for fiscal 2023. The Executive Board is committed to drive operational excellence, portfolio adjustments to meet market demand and gradually shift the focus of innovation and R&D to sustainability and service.
- New 900-megawatt (MW) combined cycle power plant to provide over eight percent of Alberta’s energy supply
- Siemens Energy to provide its state-of-the-art natural gas turbine technology and service
- Project designed to significantly reduce the province’s carbon footprint from energy
Futhering its commitment to decarbonizing the energy sector worldwide, Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the planned 900 MW Cascade Power Plant in Alberta, Canada. The project supports the decarbonization of Alberta's power supply by switching from coal to natural gas. Once operational, the power plant is expected to reduce Alberta’s carbon emissions from energy production by up to five percent.