Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser
Press Release01 September 2020Siemens AGMunich
Siemens Wind Energy Generation now part of Siemens subsidiary Flender GmbH
“By
integrating WG into Flender GmbH, we’re strengthening our business with wind
turbine components, thus creating a solid basis for Flender’s planned public listing,”
said Horst Kayser, who is responsible for the business activities of Siemens’ Portfolio
Companies. “With its listing planned for 2021, we intend to give Flender the
independence and flexibility it needs to expand its market leadership in
stationary drives technology,” he added.
“The business activities of
WG and Flender are a perfect fit. Flender is a leading provider of mechanical
drive solutions such as gear units and couplings, while WG boasts a high level
of technical expertise in electric drive components, such as generators, for
the wind industry. We’re already working together on a hybrid powertrain, which
promises new growth potential in the wind area. As a result, we’re optimally
positioned to meet wind turbine manufacturers’ growing demand for systems offerings
and to offer customers even greater added-value,” said Andreas Evertz, CEO
of Flender GmbH.
As far as
possible, WG will retain its current organization after the transfer to Flender
GmbH. The integration of WG locations outside Germany is to be completed by
February 1, 2021.
In a second
step, Siemens intends to publicly list Flender via a spin-off. Siemens shareholders
are to vote on the spin-off proposal at the upcoming ordinary Annual Shareholders’
Meeting in February 2021.
For this press release
Follow us on Twitter
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed companies Siemens Energy, the global energy business of Siemens, and Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the energy systems of today and tomorrow as well as the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy (as part of Siemens Energy), Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet at
www.siemens.com.
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks of the Annual Report, and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Contact
Wolfram Trost
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany
80333 Munich
Germany
+49 89 636-34794
Dennis Geers
Flender GmbH
Alfred-Flender-Straße 77
46395 Bocholt
Germany
46395 Bocholt
Germany
+49 89 636-34794