[Global News] Siemens writes a new chapter: listing Siemens Energy in stock market

This step begins a new chapter in the company’s history. The independent Siemens companies Siemens AG, Siemens Healthineers AG and Siemens Energy AG will work together within an ecosystem of common interests. In each case, however, they will focus on the priorities and characteristics of their specific businesses and industries. With some 240,000 employees, Siemens AG will primarily concentrate on technologies that are driving advances in the digital transformation of industry, in smart infrastructure and in sustainable transportation. As a strong, focused company, Siemens Energy AG will be able to use its resources more efficiently, cover the entire energy value chain and lead the market in transmission and generation of electrical power.

“The listing of Siemens Energy means that we’ve successfully reached a key milestone in Siemens’ structural realignment,” said Joe Kaeser, President and CEO of Siemens AG. “The three powerful, focused and independent companies will be in a significantly better position to tap the individual businesses’ value-creating potential. This is another way in which we’re creating prospects for sustainable, long-term expansion of each of the businesses.”