Frankfurt am Main, June 10 to April 14, 2024
Under
the motto 'Be digital. Be resilient. Be sustainable.", Siemens will be
presenting at ACHEMA 2024 from June 10 to 14 in Frankfurt how the combination
of digital technologies and sustainable solutions is advancing the process
industry. Visit us in Hall 11.0 and experience technological innovations and sustainable
solutions for the chemical, pharmaceutical and hydrogen industries.
Visit us at ACHEMA 2024 in Frankfurt am Main, June 10
to 14, hall 11.0.
Hybrid press event
We wamly invite you to
our hybrid Siemens press conference on June 10. Axel Lorenz, CEO Process
Automation at Siemens AG, will present
current business cases as well as new products and technologies for more
sustainable production in the process industry.
Date: June 11, 2024
Location: Frankfurt am Main, Trade Fair
Where: Siemens booth Hall 11.0
Hybrid press conference
and Q&A: 5:00 - 6:00 p.m. (participation
on site + livestream)
Participation in the
press conference is possible both on-site at our booth and digitally via
livestream.
Please click on the
button to register. We are looking forward to seeing you!
- Gridscale X LV Management software empowers DSOs to take a holistic approach to unlocking grid flexibility at scale – from planning to operations
- Software acts as an intelligent “co-pilot”, providing step-by-step guidance to prevent low voltage grid instability, reducing outages by 30%
- Enables grid operators to operate the grid closer to its limits and digitalize faster and more efficiently
- Gridscale X LV Management is part of the Siemens Xcelerator portfolio
Today, Siemens unveils its latest Gridscale X offering, LV Management, at Eurelectric’s Power Summit. Embedded with crucial capabilities to actively control the low voltage grid, this represents the first step towards unlocking grid flexibility at scale across planning and operations. With additional insights and transparency over what is happening on the low voltage grid, operators can use the software as a “co-pilot,” helping them to deal with the increasing complexity and challenges related to low voltage grids.
-
Equips Norwegian grid operator Norgesnett with medium-voltage switchgear
and compact substations for sustainable, reliable, and affordable transformation
of national grid
- Norgesnett adopts SF6-free switchgear, saving approximately 1,200 tonnes
of CO2 compared to SF6-gas switchgear over product lifetime
- Siemens’ switchgear utilizes climate-neutral insulating medium “Clean
Air” consisting exclusively of components of ambient air, propelling Norgesnett
toward its sustainability goals
Siemens Smart
Infrastructure has signed a six-year framework agreement with Norgesnett to deliver
SF6 gas-free switchgear in the form of the 8DJH 24 – blue GIS switchgear,
alongside compact substations.
- The University of East London (UEL) has reduced its carbon emissions by 10 percent in phase one of its new net zero strategy
- UEL partnered with Siemens to develop and deliver the strategy, designed to improve energy efficiency and renewable integration
- Siemens and UEL to co-create a ‘Living Lab’ to help embed sustainability into course curriculums
The University of East London (UEL) has reduced its carbon emissions by 10 percent from its 2020/21 baseline to 2022/23 in the first phase of its new net zero strategy, putting the organisation on track to achieve its 2030 net-zero target.
We released our second quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were broadcast live.
- Innomotics to be sold to KPS Capital Partners
for €3.5 billion
- Innomotics is a global leader in electrical motor and large-drive
business with €3.3 billion in revenue and employs approximately
15,000 people
- Future setup offers the Innomotics business the
best framework conditions for sustainable and growth-oriented development
- Transaction expected to close in first half of
fiscal 2025
- Another step for Siemens in focusing its
portfolio
The Managing Board and
Supervisory Board of Siemens AG have approved the sale of Innomotics – a
world-leading electric motors and large drives company – to KPS Capital
Partners, LP (“KPS”). The contracting parties have signed a corresponding
agreement. The purchase price (enterprise value) is €3.5 billion. The sale to
KPS is expected to close in the first half of fiscal 2025 and is subject to customary
foreign-investment and merger control approvals.
- At €19.2 billion on a comparable basis, revenue was nearly unchanged year-over-year (Q2 2023: €19.4 billion)
- Orders in Q2 2024 reached €20.5 billion (Q2 2023: €23.6 billion), a decline of 12 percent on a comparable basis
- At €2.5 billion, Profit Industrial Business was close to the prior-year level (Q2 2023: €2.6 billion)
- Net income totaled €2.2 billion (Q2 2023: €3.6 billion); net income in Q2 2023 benefited from a tax-free gain of €1.6 billion from the partial reversal of an impairment of Siemens’ stake in Siemens Energy AG
- Free cash flow all-in at Group level was €1.3 billion (Q2 2023: €2.3 billion)
- Outlook at Group level confirmed
Siemens delivered solid performance in the second quarter, successfully meeting the high demand for digitalization and sustainability technology. Notably, the industrial software business showed strong growth with particularly high demand in the semiconductor industry. Demand from customers for the construction of data centers also showed strong momentum. Currently muted demand in the short-cycle automation business at Digital Industries, particularly in China and Europe, was largely offset by strong revenue development at Smart Infrastructure and Mobility. In addition, Siemens took a key step in focusing its portfolio with the sale of Innomotics to KPS Capital Partners for €3.5 billion.
- Siemens and Foxconn sign memorandum of understanding (MoU) highlighting joint commitment to sustainability
- Cooperation to define standards for the factory of the future and manufacturing processes
- Innovations to positively impact information and communications technology and electric vehicle production ecosystems
- Siemens Xcelerator portfolio to optimize Foxconn's operations for efficiency and agility
Siemens AG, a leading
technology company, and Hon Hai Technology Group (Foxconn), the
world's largest electronics manufacturer, have signed a memorandum of
understanding (MoU) to drive digital transformation and sustainability in smart
manufacturing platforms.