Portfolio Changes

LMS International NV, Belgium, is a leading provider of mechatronic simulation solutions. With the acquisition Siemens intends to expand and complement the Industry Sector’s product lifecycle management portfolio with mechatronic simulation and testing software.

Siemens acquired all of the shares of five entities constituting the Connectors and Measurements Division of Expro Holdings UK 3 Ltd. The acquired business engineers and manufactures subsea components such as cable connectors, sensors and measuring devices. With this acquisition Siemens aimed for strategically expanding its portfolio in the attractive future market for subsea power grids.

RuggedCom is a leading provider of communications and networking solutions for harsh industrial environments.

The Dutch sister companies NEM B.V. and Nem Energy Services B.V. (NES) are two specialists in heat recovery steam generators for combined-cycle (gas and steam) power plants (CCPP), key components in the construction of a combined-cycle power plant. This purchase enables Siemens to expand its capacities and enhance its expertise over the long term.

Siteco is a leading European lighting company supplying luminaires and lighting systems for urban infrastructures such as public and commercial buildings, streets, tunnels, airports and sports stadiums.

In January 2011, Siemens made a binding offer to purchase additional shares in order to increase its stake in its publicly listed Indian subsidiary Siemens Ltd. from about 55% to a maximum of 75%. The offer was accepted in full and the transaction was completed at the end of April 2011. Siemens thereby invested a total of roughly €1 billion.

Solel is a solar technology company focusing on the concentrated solar power (CSP) market. Solel develops, designs, manufactures and installs equipment for solar thermal power plants.

The acquisition of BJC in Spain will enable Building Technologies, a division of the Siemens Industry Sector, to expand its strong global position on the market for electrical installation technology.

Siemens has taken over Morgan Construction Company, the rolling mill specialist based in Worcester, Massachussetts, USA. Morgan Construction is a worldwide supplier of wire mill equipment, and has constructed over 500 wire, bar and billet mills in more than 40 countries.

Siemens has signed a merger agreement with US-based Dade Behring, Inc., a leading clinical laboratory diagnostics company. Siemens acquired all outstanding shares of Dade Behring by submitting a cash offer to the Dade Behring shareholders of US$77 per common share.

With its acquisition of U.S. software producer UGS Corp., of Plano, Texas, the Siemens Automation and Drives (A&D) Group expands its product spectrum in automation technology to include industrial software for planning, design and simulation in Product Lifecycle Management (PLM). As a trendsetter in industrial automation, Industry Automation is now able to offer its customers worldwide solutions for creating digital factories.

Siemens is acquiring 100 percent of shares in the joint stock company AG Kuhnle, Kopp & Kausch. Headquartered in Frankenthal, Germany, this company develops, manufactures and markets steam turbines with a rating of up to 5 MW, as well as turbocompressors and fans for industrial applications.

Siemens has signed an agreement with Bayer to acquire the chemical and pharmaceutical company's Diagnostics division. The acquisition enables Siemens Medical Solutions (Med) to expand its position in the high-growth molecular diagnostics market.

Siemens bridges the gap between in-vivo and in-vitro diagnostics and brings together a unique blend of expertise and technologies in diagnostic imaging, healthcare information technology (IT), molecular biology and biochemistry.

Siemens has increased its stake in the Russian company Power Machines and thereby strengthened its position on the Russian power market still further. Siemens has acquired a 20.62 percent holding in Power Machines from Interros, the majority shareholder to date. This new acquisition together with the existing stake (4.38 percent) gives Siemens a total holding of 25 percent plus one share in the leading manufacturer of power equipment

The acquisition of this vendor puts Siemens among the top three electrical installation system vendors in the UK.

After the entry into Windpower (Bonus Energy A/S) we expand our offerings on air pollution reduction products and solutions for power generation with Wheelabrator.

The acquistion enables us to further expand our business in Eastern and Southeastern Europe and respond to consolidation in the power transmission and distribution (T&D) market. With metallurgy, we are also expanding our expertise.

The purchase will speed up our expansion in the area of industrial drives technology and provide access to key customers.

This acquisition complements our automation portfolio in the area of drives technologies.

The acquisition strengthens our position in molecular imaging, a key future technology.

This purchase has enabled us to establish a new Wind Power Division to tap the growing market for wind power technologies.

With this acquisition we significantly expand our activities in the rapidly growing market for water treatment and supply.

The acquisition complements our portfolio with high-voltage products and at the same time strengthens our market position in China, the NAFTA zone and South America.

The new facility stengthens our market position in the NAFTA zone and will enable us to continue growing in our core areas.

Siemens contributed its Siemens IT Solutions and Services for a total sum of  ~ €850 million to Atos Origin. Siemens will be a sustainable shareholder of Atos Origin with a 15% stake for a period of at least five years. 

Siemens sold its 34% minority stake share in the nuclear power joint venture Areva NP S.A.S to its joint venture partner Areva S.A. The investment was accounted for as available-for sale financial asset held for disposal at Energy Sector. In 2001, Siemens combined its nuclear business activities with those of the French company Framatome and has since then held a minority share (34 percent) in the joint venture Areva NP (formerly Framatome ANP). 

Siemens sold its 49% minority stake in Krauss-Maffei Wegmann GmbH & Co. KG (KMW) to the Wegmann Group, which already held a 51 percent stake in KMW. The investment used to be reported in Equity Investments. Siemens acquired its minority stake in KMW in the spring of 2001 in the course of the Atecs-Mannesmann transaction.

Siemens sold its Electronics Assembly Systems Business (EA), which was reported in Centrally Managed Portfolio activities, to ASM Pacific Technology Ltd. The transaction closed at the beginning of January 2011.

In December 2010, Siemens completed the transfer of its 19.8 % stake in GIG Holding GmbH (owner of all shares of Gigaset Communications GmbH) to ARQUES Industries AG. The investment used to be reported in Equity Investments.

Siemens sold its 25% minority stake in Dräger Medical AG & Co KG to the majority shareholder Drägerwerk AG & Co. KGaA. The investment was accounted for using the equity method at the Healthcare Sector. In 2003, Siemens contributed the activities of its electro-medical unit to Dräger’s medical technology business, acquiring thereby a 35% stake in Dräger Medical AG & Co KG. In 2007 Siemens reduced its stake to 25%. 

Siemens sold its 50% participation in Fujitsu Siemens Computers, a leading European IT Infrastructure Provider to Fujitsu Limited, Tokyo. 

The private equity investor, the Gores Group, has acquired a 51% stake in Siemens Enterprise Communications, one of the leading suppliers of Unified Communication technologies.

Siemens and Arques Industries have signed an agreement to transfer a 80,2% stake in Siemens Home and Office Communication Devices GmbH & Co KG to Arques as of October 1, 2008. With this step, Siemens is rigorously continuing its strategy of focusing on the three Sectors Energy, Industry and Healthcare. On October 1st SHC has been renamed in Gigaset Communications GmbH.

Siemens sold its Wireless Modules business to a group of investors led by the private equity firm Granville Baird. Wireless Modules was renamed after the sale in Cinterion Wireless Modules.

Siemens closed the sale of its former fully owned subsidiary Siemens VDO Automotive AG on December 3, 2007. With this move, all shares in the company have been transferred to the buyer, Continental AG. The EU Commission approved the sale in the previous week. The purchase price for Siemens VDO, agreed upon in July 2007, was around €11.4 billion and included net debt of just under €400 million.

Nokia and Siemens announced that they intend to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks. The 50-50 joint venture will create a global leader with strong positions in important growth segments of fixed and mobile network infrastructure and services.

Private equity investor Triton and the Dematic Management have together taken over the shares in the worldwide Dematic business from Siemens AG. This step concludes the realignment of Dematic – which started in September last year – leaving the company as an autonomous enterprise.

With the sale of Product Related Services (PRS) Siemens IT Solutions & Services focuses in the future on IT services in the outsourcing market and on innovative IT projects.