- Siemens Industrial Copilot accelerates engineering and shopfloor operations
- thyssenkrupp Automation Engineering to use Industrial Copilot globally
- Future Industrial Copilot features include multimodality, agents, on-premises approach
The Siemens Industrial
Copilot is the first generative AI-powered assistant for engineering in an industrial
environment. Today, Siemens announced major new functionalities for the Industrial
Copilot and added thyssenkrupp Automation Engineering as global customer.
- Siemens’ Industrial Operations X portfolio and NVIDIA GPUs integrated in Siemens IPCs enable advanced AI applications across industries
- Estimated 25-fold acceleration in AI execution with Siemens’ integrated hardware and software enhanced by NVIDIA technology spurs efficiency, agility, and innovation
- Siemens and NVIDIA to present the future of AI in industry at SPS trade show 2024
Siemens, a leading technology company, today
announced the launch of a new line of Industrial PCs (IPCs) equipped with NVIDIA’s
GPUs. Along with an extended AI offering, that’s part of the Industrial
Operations X portfolio, it will accelerate artificial intelligence (AI)
applications and mark another milestone in the strategic partnership between Siemens
and NVIDIA that was launched in June of 2022.
- Acquisition of Altair Engineering Inc., a global leader in computational science and artificial intelligence software, strengthens Siemens’ position as a leading technology company
- Creates the world's most complete AI-powered design and simulation portfolio
- Altair shareholders to receive USD 113 per share, representing an enterprise value of USD 10 billion; the offer price represents a 19% premium to Altair’s unaffected closing price on October 21, 2024
- Siemens expects to achieve significant cost and revenue synergies
- The transaction is expected to be EPS (pre-PPA) accretive by year two post-closing
Siemens has signed an agreement to acquire Altair Engineering Inc., a
leading provider of software in the industrial simulation and analysis market. Altair
shareholders will receive USD 113 per share, representing an enterprise value of approximately USD 10 billion. The offer price represents
a 19% premium to Altair's unaffected closing price on October 21, 2024, the
last trading day prior to media reports regarding a possible
transaction. With this acquisition Siemens strengthens its position as a leading
technology company and its leadership in industrial software.
- Siemens and Microsoft
have taken the Siemens Industrial Copilot to the next level, to handle
demanding environments at scale
- Over 100 customers in Europe and
the US are using the Siemens Industrial Copilot to improve efficiency, cut
downtime, and address labor shortages
- thyssenkrupp Automation
Engineering is planning a global roll out of the Copilot beginning 2025
- More than 120,000 engineers can now leverage the Copilot, upskilling
experts and workers in programming with GenAI
Siemens is revolutionizing industrial automation with Microsoft. Through
their collaboration, they have taken the Siemens Industrial Copilot to the next
level, enabling it to handle the most demanding environments at scale. Combining
Siemens’ unique domain know-how across industries with Microsoft Azure OpenAI
Service, the Copilot further improves handling of rigorous requirements in
manufacturing and automation.
- World Economic Forum’s Global Lighthouse Network honors leading manufacturing sites
- AI, digital twins, and robotics have increased productivity at Erlangen factory by 69 percent and reduced energy consumption by 42 percent
- Successful launch of in-house semiconductor production for high-performance frequency converters
The World Economic Forum (WEF) has announced that the Siemens factory in Erlangen, Germany, will become a Digital Lighthouse Factory, part of its the Global Lighthouse Network. The award recognizes leading technology companies that are at the forefront of applying fourth industrial revolution technologies. By following the Green Lean Digital approach, which combines innovative technologies and sustainable practices, the plant has made significant progress, increasing productivity by 69 percent and reducing energy consumption by 42 percent in four years.
- KPS Capital Partners is Innomotics’ new owner
- Siemens completes another step in focusing its portfolio
Siemens AG has successfully closed the sale of Innomotics
to KPS Capital Partners, LP (“KPS”) for €3.5 billion (enterprise value).
On May 16, 2024, Siemens had announced plans to sell this world-leading
supplier of electric motors and large-drive systems to
KPS.
- Revenue rose 5 percent year-over-year on a comparable basis to €18.9 billion (Q3 2023: €18.1 billion)
- Orders in Q3 2024 reached €19.8 billion (Q3 2023: €23.5 billion), down 15 percent on a comparable basis vis-à-vis a very strong Q3 2023
- Profit Industrial Business increased 11 percent to €3.0 billion (Q3 2023: €2.7 billion)
- Net income climbed 48 percent to €2.1 billion (Q3 2023: €1.4 billion)
- Free cash flow all-in at Group level totaled €2.1 billion (Q3 2023: €3.0 billion)
- Outlook confirmed
Siemens continued
its profitable growth trajectory again in the third quarter.
Overall, the
company clearly increased its net income and profit margin and thus
demonstrated its financial strength once again. With a sustained large order
backlog, which totaled €113 billion in Q3, and a book-to-bill ratio greater
than 1, Siemens is optimally equipped for the future.
- Platinum medal awarded with 80 of 100 points
- Siemens ranked in the top 1 percent out of 73,000 companies assessed worldwide
Siemens has received 80 points in the latest EcoVadis
Sustainability Rating and was awarded with the highest recognition – the Platinum
medal. With this score, the technology company ranks in the top one percent of about
73,000 companies that were assessed worldwide by EcoVadis, a leading provider
of business sustainability ratings.
- 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.