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Sale of Siemens Commercial Vehicles business successfully closed

“The successful sale of our Commercial Vehicle business to Meritor, which has now become part of Cummins, is another demonstration of how Siemens focuses on portfolio optimization and the best-owner principle. We are proud to have found Meritor and Cummins as the ideal new owner for our Commercial Vehicles business to continuously foster the unit’s technology and growth story,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG.

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Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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Wolfram Trost

Siemens AG

Werner-von-Siemens-Straße 1
80333 Munich
Germany

+49 174 1551859