- DC fast charging technology for 34 buses at depots in Christchurch and Auckland with an overall power capacity of around 3.7 Megawatt
- Flexible charging systems to easily expand the infrastructure and adapt to future battery voltage levels of up to 1,000 Volt
- Integration with one of the world’s major bus suppliers Yutong
Siemens Smart Infrastructure received an order from Go Bus, one of New Zealand’s largest bus operators, to power two of their bus depots with charging infrastructure for eBuses. The order fulfils two separate Go Bus contracts in Auckland and Christchurch. In Christchurch, 25 electric buses, the city’s first large-scale electric bus fleet, will be charged by Siemens systems. In Auckland, the systems will charge nine buses that will operate on a new electric airport link. The operations are scheduled to start early in 2021.
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- Siemens AG to spin off 55 percent of Siemens Energy to Siemens shareholders
- Plans call for further reducing Siemens’ stake significantly within 12 to 18 months after spin-off’s effective date
- Siemens AG contractually obligated to ensure Siemens Energy’s autonomy and independence
- Siemens Energy to have strong capital and liquidity base; solid investment-grade rating targeted
- Initial listing of new shares planned for September 28, 2020
Siemens AG has today published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting on July 9, 2020. Issuance of the spin-off report marks another key milestone in the creation of an independent, world-leading energy pure play. Siemens shareholders are to automatically receive one share of Siemens Energy AG for every two shares of Siemens AG. Fifty-five percent of Siemens Energy will be spun off to Siemens shareholders. Depending on the strategic and operational development of the two companies, Siemens AG intends to further reduce its stake in Siemens Energy significantly within 12 to 18 months. In addition, Siemens has placed itself under a contractual obligation to refrain from exercising a controlling influence over the new company in the future. Subject to approval by the Extraordinary Shareholders’ Meeting, plans call for the spin-off to take place, as announced, by the end of September 2020. The initial listing is to take place on September 28th, 2020.
Siemens has completed the sale of 18.155 million ordinary shares in Osram Licht AG, thereby raising gross proceeds of approx. €1.2 billion. The sale followed an accelerated bookbuilt offering to institutional investors only.
- Siemens makes strong commitment for shaping the future of Germany as a location for industry
- Investment in the future of work in connection with manufacturing, researching, learning, and residential living in the new "Siemensstadt 2.0"
- Biggest single investment in the history of Siemens in Berlin
A commitment to Berlin and Germany: at the time-honored Siemens industrial estate in Berlin's Spandau district, Siemens AG plans to make its biggest single investment ever in the company's history in Berlin. In the coming years, up to €600 million are to be invested in a new world of working and living: Siemensstadt ("Siemens City") 2.0. This project, which covers an area of 70 hectares, aims to transform this large industrial area into a modern, urban district of the future for a diverse range of purposes. A further goal is to strengthen selected key technologies and innovation fields in collaboration with the scientific and business communities. To make this possible, this section of Berlin is to become home to centers of research and expertise, to start-up incubators and to research and scientific institutes as well as their partner companies.
Today, Siemens has decided to sell its shareholding of 18.155 million ordinary shares in Osram Licht AG representing 17.34 % of Osram Licht AG's issued share capital. The net proceeds from the sale will be used for general corporate purposes. Siemens will retain a small number of Osram Licht AG shares which are required to service the remaining Siemens bond plus warrant issue due 2019.
- Siemens Building Technologies extends its leadership in smart buildings by acquiring Building Robotics Inc., the creator of Comfy®
- Comfy is a leading digital workplace app, creating more personalized and responsive workplaces while providing analytics for efficient building operations
- Sold as software-as-a-service, Comfy will extend the cloud portfolio of Siemens Building Technologies
- Transaction expected to close in the third quarter of 2018
Siemens Building Technologies Division is setting a further milestone in smart building solutions by acquiring Building Robotics Inc., a market leader in the fast growing digital workplace experience app domain. Headquartered in Oakland, California, the start-up achieved its leadership position by developing a simple-to-use app that enables people to take control of their environment. Building Robotics, Inc. is best known by the name of its core product, Comfy.
- Siemens Mobility Division further expands digitalized service and maintenance business
- MRX Technologies provides condition monitoring for rolling stock and rail infrastructure and inspection systems for rail networks
- MRX Technologies will operate in the Mobility Division as a legally independent affiliated company of Siemens AG
Siemens acquires the MRX Technologies Group, headquartered in Perth, Australia, and is further expanding its offering in the field of predictive maintenance based on digitalization. The Group is comprised of JRB Engineering Pty Ltd., MRX Technologies Ltd., MRX Rail Services Pty Ltd. and MRX Rail Service UK Ltd. The parties agreed not to disclose financial details of the acquisition. The acquired company will be managed as a legally independent firm within the Siemens Mobility Division. Closing of the transaction is expected early in July.
- Siemens Bank receives approval to operate as a merchant bank in Singapore
- Siemens becomes first industrial company to support its growth strategy in Asian and Australian markets with a local bank branch in Singapore
- Focus on project and structured finance lending business mainly in the business-to-business and business–to-government segments
The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.
- With Wi-Tronix, Siemens expands its digitalized services for predictive maintenance in the rail sector
- Siemens makes a significant strategic equity investment in Wi-Tronix – transaction has been executed in October 2017
- Wi-Tronix to remain a standalone, founder-led company
Siemens and Wi-Tronix, headquartered in Bolingbrook near Chicago, U.S. are launching a partnership to expand digital predictive maintenance for rail services. Through the integration of their technologies, and joint development of new innovations, the companies seek to move the industry toward the objective of one hundred-percent availability of safe, efficient service. Siemens has made a significant equity investment in Wi-Tronix. Both companies have agreed to maintain confidentiality regarding financial details of the deal.
Siemens has received an order from distribution network operator, UK Power Networks, to equip parts of its overhead-line system with 600 Fusesaver vacuum circuit-breakers and 200 remote control units (RCU). The vacuum circuit-breakers will be installed directly on overhead cables to minimise the number of customers affected in the event of a fault. This will minimize installation and maintenance costs while significantly improving supply reliability and grid stability. "This order is an important milestone in the development of the European market for the Fusesaver," said Stephan May, CEO of Medium Voltage Systems at Siemens. "UK Power Networks is an important partner for us." It is the largest order to date for Fusesavers in Europe and the first one from the U.K. The order volume is €1.5 million.