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Press Release24 September 2020Siemens EnergyMunich
Siemens Energy returns
to its roots
Siemens Energy Corporate Center in Berlin
Joint location and structural concept planned with the State of Berlin
Company's administrative
headquarters remain in Bavaria
Siemens Energy, as a stand-alone company,
will locate its Corporate Center in Berlin. The energy technology company with
worldwide 91,000 employees, which in 2019 generated revenue of €28.8 billion,
is thus returning to its roots: Werner von Siemens and Johann Georg Halske
founded their company in Berlin in 1847 and with the discovery of the
electrodynamic principle in 1866 laid a foundation for today's Siemens Group
and therefore today's Siemens Energy.
Siemens Energy Corporate Center in Berlin
Joint location and structural concept planned with the State of Berlin
Company's administrative
headquarters remain in Bavaria
Siemens Energy, as a stand-alone company,
will locate its Corporate Center in Berlin. The energy technology company with
worldwide 91,000 employees, which in 2019 generated revenue of €28.8 billion,
is thus returning to its roots: Werner von Siemens and Johann Georg Halske
founded their company in Berlin in 1847 and with the discovery of the
electrodynamic principle in 1866 laid a foundation for today's Siemens Group
and therefore today's Siemens Energy.
Christian Bruch, CEO of Siemens Energy
"There were
benefits for each of the possible locations in Germany,” said Christian Bruch,
CEO of Siemens Energy. “By choosing Berlin, we are linking the historical roots
of Siemens Energy with the shaping of the future, more sustainable energy
world. The choice of Berlin will not distract from the important functions of
other locations across Germany.”
In recent years, Berlin has developed into
an important location for innovation and entrepreneurial spirit, and its
proximity to policy makers, associations and international institutions is
considerable. Berlin is also one of Siemens Energy’s largest locations
worldwide. In the spirit of a partnership, the State of Berlin and Siemens
Energy will soon formally sign a Memorandum of Understanding (MoU) for the
location of the Corporate Center.
Michael Müller, Governing Mayor of Berlin: “We are delighted that Siemens Energy is locating its corporate center in Berlin! Berlin has been a strong center for innovation and high-performance production in the energy industry for a long time now. Siemens’ history is intertwined with this tradition, and we are glad to have the opportunity to join Siemens Energy in writing a new chapter in this success story. We will be working together on the future of sustainable energy systems and thereby advancing the energy transition. The establishment of this headquarters in Berlin is a huge success for us and a clear commitment from Siemens Energy to Berlin as a location.”
The decision, as to which of the Siemens Energy’s Berlin locations will serve as headquarters, remains open and a more detailed concept will be developed in the coming months. The establishment of the Corporate Center will begin during the next fiscal year (1 October 2020 to 30 September 2021). The CEO, CFO, and a few teams, will initially move into their offices in the capital. One member of the Executive Board, Jochen Eickholt, will be based at the largest location in Erlangen, Germany, whilst Tim Holt will retain an office in Orlando, Florida (USA). The Mülheim site is an important part of the production network, while the company's registered seat will remain in Munich. Here, Siemens Energy is listed on the Commercial Register. The company's decentralized approach will remain valid even after the end of the Covid-19 pandemic.
Siemens Gas and Power GmbH & Co. KG is the global energy business of the Siemens group, which has been working with its customers on solutions for the evolving demands of industry and society for more than 150 years. With planned stock listing, Siemens’ energy business will operate independently as Siemens Energy in the future.
It will offer broad expertise across the entire energy value chain, along with a comprehensive portfolio for utilities, independent power producers, transmission system operators, the oil and gas industry, and other energy-intensive industries. With its products, solutions, systems, and services, Siemens Energy will address the extraction, processing, and transport of oil and gas as well as power and heat generation in central and distributed thermal power plants, and power transmission and technologies for the energy transformation, including storage and sector-coupling solutions. The majority stake in Siemens Gamesa Renewable Energy will round out its future-oriented portfolio. With its commitment to leading the way in decarbonization of the global energy system, Siemens Energy will be a partner of choice for companies, governments, and customers on their path to a more sustainable future. With around 90,000 employees worldwide, Siemens Energy will help shape the energy systems of today and tomorrow.
