Today,
Brightline announced that Siemens Mobility (Siemens) has been designated the
“preferred bidder” to build train sets for the Brightline West high-speed rail
project that will connect Las Vegas and Southern California. The contract will
include a fleet of ten “American Pioneer 220” (AP 220) train sets to be
manufactured, delivered to Nevada and tested to support Brightline West’s
timeline of initiating service in 2028.
- 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.
- 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.
- Prototype Megawatt Charging System [MCS] from Siemens successfully delivered a 1MW charge
- The new technology highlights the potential for megawatt charging to redefine long haul trucking
- The Siemens SICHARGE Megawatt Charging System used is based on its SICHARGE portfolio with a customized MCS dispenser
Siemens Smart Infrastructure has completed the first successful 1MW charge, in a pilot which brought together a prototype MCS charging station from Siemens and a long-haul prototype eTruck from a well-established OEM.
- Maschinenfabrik
Reinhausen certified as Siemens Xcelerator partner, complementing Electrification
X Asset Management applications with transformer and switchgear condition
monitoring and management applications
- Customers to benefit from powerful cloud
native Software as a Service (SaaS) offering, delivering management of their
entire asset fleet of switchgear and transformers
- Reaffirms Siemens’ commitment to empowering
customers with innovative digital solutions that accelerate efficiency,
resilience, and sustainability for successful energy transition
Siemens Smart Infrastructure has expanded its Siemens Xcelerator partner
ecosystem to include the TESSA® APM suite of transformer and switchgear condition
monitoring and management applications from Maschinenfabrik Reinhausen.
- The new Depot360 portfolio, part of Siemens Xcelerator, reduces the complexity
of fleet electrification by offering a data-driven, performance-oriented, end-toend
solution
- Through the collaboration with partners, Siemens’ service ranges from
consultation and financing to depot design, construction, commissioning, and
ongoing management
- Siemens will support customers throughout the entire fleet electrification and
transportation management journey and thereby help them with their
sustainability targets
- Comprehensive, integrated, and charger agnostic, Depot360 requires no
CAPEX, offers maximum scalability, improved operations, and reduced energy
costs
With global transportation the second biggest emitter of greenhouse gases and road transport responsible for almost three quarters of these emissions¹, Siemens Smart Infrastructure has launched Depot360, a portfolio that goes beyond installation and servicing of electrical and charging infrastructure to cover the entire fleet electrification journey. Providing access to green energy at the lowest possible cost, Depot360 is set to accelerate customers toward their sustainability goals.
- 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.
- New AI-based apps for more efficient operation of water infrastructures available on the Siemens Xcelerator marketplace
- Easy integration into existing infrastructure without specialist knowledge
- Siemens to showcase its digitalization and automation portfolio for more sustainability in the water sector at IFAT 2024
Siemens, a leading technology company, has expanded its software portfolio for the water industry, enabling its customers to optimize their plant operations using artificial intelligence - without the need for technical expertise. These self-service solutions enable users to address the most pressing issues in water and wastewater operations: reducing water loss, preventing pollution from sewers, and ensuring the reliability of treatment assets. The effect of these applications is also a contribution to greater sustainability overall, as the world's water resources can be better protected. "Digital technologies have not yet been widely adopted in the water sector so far," says Anja Eimer, General Manager Global Water Business at Siemens. "The existing OT and IT device landscape of is complex, skilled workers are in short supply, and the business benefits of many digital applications have often been unclear. With our new software offerings, we are adressing these conditions and enabling water companies to perform AI-based operational analyses."
- ÖBB’s Desiro ML fleet grows to 294 trains
- 21 new Desiro ML trains
will enter service during
Siemens Mobility GmbH has
received an order from Austrian Federal Railways (ÖBB) for an additional 21
Siemens Desiro ML electric trainsets. The order will increase the size of ÖBB’s
Desiro ML fleet to 294 trains, of which 236 are already in service throughout the
country. This order underscores the reliability of the Siemens Mobility Desiro
ML fleet. Beginning in 2026, the trains will serve local routes in the eastern
part of the country, in particular the main line between Vienna Meidling and
Floridsdorf and outer branch lines in Lower Austria.