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Siemens Worldwide

 

Acquisitions & Divestments

The Siemens portfolio is a living organism. An active portfolio policy is a part of our strategy.

 

Apr 2016 | CD-adapco, USA

CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology.

 Press Release

Business activity Industry software
Siemens unit Digital Factory
Initial consolidation 04/2016
Purchase price USD 970m
Siemens stake 100%
Sales volume per year ~ USD 200m (in 2015)
Number of employees 900

Jun 2015 | Dresser-Rand, USA

With its comprehensive portfolio of compressors, steam turbines, gas turbines and engines, Dresser-Rand is a leading supplier for the oil & gas, process, power and other industries in the related energy infrastructure markets worldwide. The acquisition complements Siemens' existing offerings, notably for the global oil & gas industry and for distributed power generation.

 Press Release

Business activity Oil and Gas Industry
Siemens unit Power and Gas
Initial consolidation 06/2015
Purchase price ~ USD 7.8 bn
Siemens stake 100%
Sales volume per year ~ USD 2.8 bn (in 2014)
Number of employees ~ 7,900

Dec 2014 | Rolls-Royce Energy gas turbine and compressor business, Great Britain

Rolls-Royce Energy’s gas turbine and compressor business is one of the leading providers of aero-derivative gas turbines. Siemens is acquiring the Rolls-Royce Energy aero-derivative gas turbine and compressor business and thereby strengthening its position in the growing oil and gas industry as well as in the field of decentralized power generation.

 Press Release

Business activity Oil and Gas Industry
Siemens unit Power and Gas
Initial consolidation 12/2014
Purchase price ~ € 950 million + € 240 million (exclusive access to future aero-technology developments)
Siemens stake 100%
Sales volume per year ~ € 1.1bn (in 2013)
Number of employees 2,400

May, 2013 | Invensys Rail, Great Britain

Invensys Rail is a leading software based rail signaling and control company. The acquisition will expand Siemens' presence in the growing global rail automation market.

 Press Release

Business activity Rail automation
Siemens unit Mobility & Logistics
Initial consolidation 05/2013
Purchase price € 2.0bn
Siemens stake 100%
Sales volume per year GPB ~800 mio (in FY12)
Number of employees ~ 3,200

Jan, 2013 | LMS International NV, Belgium

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.

 Press Release

Business activity Industrial Software
Siemens unit Industry Automation
Initial consolidation 01/2013
Purchase price ~ € 700 million
Siemens stake 100%
Sales volume per year € 140 million (YTD Q3 2012)
Number of employees ~ 1,200 (in 2012)

May, 2012 | Connectors & Measurements Division of Expro Holdings UK

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.

 Press Release

Business activity Components for subsea power grids
Siemens unit Oil & Gas
Initial consolidation Q3/2012
Purchase price ~ € 470 million
Siemens stake 100%
Sales volume per year € 90 million (in 2011)
Number of employees ~ 450 (in 2011)

Mar, 2012 | RuggedCom Inc., Canada

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

 Press Release

Business activity Communication and Network Solutions
Siemens unit Industry Automation
Initial consolidation Q2/2012
Purchase price C$ 382 million
Siemens stake 100%
Sales volume per year US $ 94 million (in 2011)
Number of employees 360 (in 2011)

Oct, 2011 | NEM B.V. and Nem Energy Services B.V.

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.

 Press Release

Business activity Heat recovery steam generators
Siemens unit Fossil
Initial consolidation Q1/2012
Purchase price ~ € 170 million
Siemens stake 100%
Sales volume per year € 325 million (in 2010)
Number of employees ~ 1,000 (in 2010)

Jul, 2011 | Siteco Lighting GmbH, Germany

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.

 Press Release

Business activity Lighting
Siemens unit Osram
Initial consolidation Q3/2011
Purchase price € 132 million
Siemens stake 100%
Sales volume per year € 220 million (in 2010)
Number of employees 1,250 (in 2010)

Jan, 2011 | Siemens Ltd., India

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.

 Press Release

Nov, 2009 | Solel Solar Systems Ltd., Israel

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.

Business activity Solar thermal
Siemens unit Renewables
Initial consolidation Q1 2010
Purchase price € 284 million
Siemens stake 100%
Sales volume per year N.A.
Number of employees 500 (in 2010)

Jun, 2008 | BJC, Spain

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.

Business activity Electrical installation technology
Siemens unit Building Technologies (Industry)
Initial consolidation Q3 2008
Purchase price n/a
Siemens stake 100%
Sales volume per year € 54 million (2007)
Number of employees 380

Apr, 2008 | Morgan Construction Company, USA

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.

Business activity Wire mill equipment supplier
Siemens unit Industry Solutions (Industry)
Initial consolidation Q3/2008
Purchase price n/a
Siemens stake 100 %
Sales volume per year US$ 230 million (2007)
Number of employees 1100

Jul, 2007 | Dade Behring, USA

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.

Business activity In-vitro diagnostics
Siemens unit Diagnostics (Healthcare)
Initial consolidation Q1/2008
Purchase price US$7 billion
Siemens stake 100 %
Sales volume per year US$1.7 Billion
Number of employees 6,300

Jan, 2007 | UGS, USA

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.

Business activity Automation Technology
Siemens unit Industry Automation (Industry)
Initial consolidation Q3/2007
Purchase price US$3.5 billion
Siemens stake 100 %
Sales volume per year US$1.15 Billion
Number of employees 7,400

Jul, 2006 | Kuhnle, Kopp & Kausch, Germany

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.

Business activity Steam turbines, turbocompressors and fans
Siemens unit Oil & Gas (Energy)
Initial consolidation Q1/2007
Purchase price n/a
Siemens stake 100 %
Sales volume per year € 270 million
Number of employees 1,400

Jun, 2006 | Bayer Diagnostics, Germany

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.

Business activity In-vitro diagnostics
Siemens unit Diagnostics (Healthcare)
Initial consolidation Q2/2007
Purchase price € 4.2 billion
Siemens stake 100 %
Sales volume per year € 1.43 billion
Number of employees 5,400

Apr, 2006 | Diagnostic Products Corporation, USA

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.

Business activity In-vitro diagnostics
Siemens unit Diagnostics (Healthcare)
Initial consolidation Q4/2006
Purchase price US$ 1.86 billion
Siemens stake 100 %
Sales volume per year US$ 481 million (in 2005)
Number of employees 2,500 (in 2005)

Jan, 2006 | Power Machines, Russia

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

Business activity Power plant equipment
Siemens unit Fossil Power Generation (Energy)
Initial consolidation n/a
Purchase price US$ 93 million
Siemens stake 25 % (+ 1 share)
Sales volume per year US$662 million
Number of employees 13,000

Dec, 2005 | Electrium, Great Britain

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

Business activity Electrical installation systems
Siemens unit Building Technologies (Industry)
Initial consolidation Q2/2006
Purchase price n/a
Siemens stake 100 %
Sales volume per year € 109 million
Number of employees 700

Oct, 2005 | Wheelabrator Air Pollution Control Inc., USA

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.

Business activity Design and supply of air pollution reduction products and solutions for power plants
Siemens unit Energy Service (Energy)
Initial consolidation Q1/2006
Purchase price n/a
Siemens stake 100 %
Sales volume per year US$ 175 million
Number of employees 150

Jul, 2005 | VA Technologie AG, Austria

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.

Business activity Metallurgy, power transmission and distribution, infrastructure
Siemens unit Industry Solutions; Power Transmission & Distribution (Industry / Energy)
Initial consolidation Q4/2005
Purchase price € 1.0 billion
Siemens stake 100 %
Sales volume per year € 3.9 billion
Number of employees 16,000

Jul, 2005 | Robicon Corporation, U.S.

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

Business activity Medium-voltage converters for AC motors
Siemens unit Drive Technology (Industry)
Initial consolidation Q4/2005
Purchase price US$ 184 million
Siemens stake 100 %
Sales volume per year US$ 117 million
Number of employees 470

Mar, 2005 | Flender Holding GmbH, Germany

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

Business activity Supplier of mechanical and electrical drive equipment
Siemens unit Drive Technology (Industry)
Initial consolidation Q4/2005
Purchase price € 1.2 billion
Siemens stake 100 %
Sales volume per year € 1.012 billion
Number of employees 6,700

Mar, 2005 | CTI Molecular Imaging, Inc., U.S.

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

Business activity Positron emissions, tomography and molecular imaging
Siemens unit Imaging & IT (Healthcare)
Initial consolidation Q3/2005
Purchase price US$ 1.0 billion
Siemens stake n/a
Sales volume per year US$ 402 million
Number of employees 1,000

Oct, 2004 | Bonus Energy A/S, Denmark

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

Business activity Supplier of turbines for wind power equipment
Siemens unit Renewable Energy (Energy)
Initial consolidation Q1/2005
Purchase price n/a
Siemens stake 100 %
Sales volume per year € 300 million
Number of employees 750

May, 2004 | US Filter Corporation, U.S.

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

Business activity Water extraction and purification
Siemens unit Industry Solutions (Industry)
Initial consolidation Q4/2004
Purchase price US$ 993 million
Siemens stake 100 %
Sales volume per year US$ 1.2 billion
Number of employees 5,800

Apr, 2004 | US Trench Electric Holding B.V., Netherlands

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.

Business activity High voltage power transmission & distribution products
Siemens unit Power Transmission (Energy)
Initial consolidation Q4/2004
Purchase price € 285 million
Siemens stake 100 %
Sales volume per year € 250 million
Number of employees 1,800

Feb, 2004 | Chrysler Elektronikwerk, U.S.

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

Business activity Production site, automotive supplier
Siemens unit VDO Automotive (SV)
Initial consolidation Q3/2004
Purchase price n/a
Siemens stake 100 %
Sales volume per year US$ 1 billion
Number of employees 2,000

Jan, 2016 | Unify, Germany

Atos acquires Unify, a joint venture between The Gores Group (51%) and Siemens (49%). Unify is the number three world leader of integrated communication solutions. With this acquisition Atos intends to create a unique integrated proposition for unified communications.

 Press Release

Business activity Communication
Siemens unit CMPA
First-time Deconsolidation 02/2016
Purchase price € 590m (€ 340m cash + € 50m net debt + € 200m pension)
Siemens share sold 49%
Sales volume per year € 1.2 bn (in 2015)
Number of employees ~ 5,600

Feb, 2015 | Siemens Healthcare Microbiology business, USA

Siemens Healthcare sold its microbiology business to Beckman Coulter Inc., a wholly owned subsidiary of Danaher Corporation. The activities of the microbiology business include systems for the identification and antibiotic susceptibility testing (ID/AST) of microorganisms.

 Press Release

Business activity Microbiology
Siemens unit Healthcare
First-time Deconsolidation 02/2015
Purchase price N.A.
Siemens share sold 100%
Sales volume per year N.A.
Number of employees N.A.

Feb, 2015 | Siemens Customer Solutions Health Services, USA

Siemens Healthcare sold its hospital information system business (HS) to the US-based company Cerner Corp. The HS business is focused on administrative hospital IT and electronic patient records.

 Press Release

Business activity Healthcare IT
Siemens unit Discontinued Operations
First-time Deconsolidation 02/2015
Purchase price USD 1.3 bn
Siemens share sold 100%
Sales volume per year N.A.
Number of employees ~ 6,000

Jan, 2015 | Siemens Audiology Solutions, Singapore

Siemens sold Siemens Audiology Solutions to the investment company EQT with the Wallenberg family as anchor investor and Germany's Strüngmann family of entrepreneurs as co-investor. Siemens remains invested in the hearing aid business with preferred equity of €200 million and benefits from future business successes. In addition, Siemens will have a seat on the board of the buyer group.

 Press Release

Business activity Audiology business
Siemens unit Discontinued Operations
First-time Deconsolidation 01/2015
Purchase price € 2.15 bn + earn-out component
Siemens share sold 100%
Reinvestment € 200 million (preferred equity)
Sales volume per year € 693 million (in 2014)
Number of employees > 5,000

Jan, 2015 | Mitsubishi Heavy Industries Joint Venture, Great Britain

Siemens and Mitsubishi Heavy Industries (MHI) cooperate in the field of metallurgical industry and are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Both partners are contributing their metallurgical industry activities to the joint venture, MHI holds a 51-percent and Siemens a 49-percent stake.

 Press Release

Business activity Metals Industry
Siemens unit Discontinued Operations
First-time Deconsolidation 01/2015
Number of Employees 9,000

Jan, 2015 | BSH Bosch und Siemens Hausgeräte GmbH, Germany

Robert Bosch GmbH acquires Siemens’ 50 percent stake in the joint venture BSH Bosch und Siemens Hausgeräte GmbH (BSH). BSH becomes a wholly owned subsidiary of Bosch Group. BSH is allowed to produce and market household appliances under the Siemens brand over the long term.

 Press Release

Business activity Household appliances
Siemens unit CMPA
First-time Deconsolidation 01/2015
Purchase Price € 3 bn (additional distribution of € 250 million)
Siemens share sold 50%
Sales volume per year (not consolidated) € 10.5 bn (in 2013)
Number of Employees ~ 50,000

Jan, 2014 | Siemens Water Technologies, USA

Siemens sold parts of its water business to funds managed by American European Associates Investors LP, USA. The transaction was closed in January 2014. Siemens Water Technologies changed its name to Evoqua Water Technologies.

 Press Release

Business activity Water Treatment
Siemens unit Discontinued Operations
First-time Deconsolidation 01/2014
Purchase Price € 612 million
Siemens share sold 100%
Sales Volume per year € 950 million (in 2013)
Number of Employees > 4,000

Aug, 2013 | Nokia Siemens Networks, Finland

At the beginning of July 2013, Nokia and Siemens agreed that Nokia would acquire Siemens’ 50 percent stake in the joint venture Nokia Siemens Networks. The transaction was concluded in August 2013.

 Press Release

Business activity Telecom: Fixed networks
Siemens unit Equity Investments
First-time Deconsolidation Q4/2013
Purchase Price € 1.7 bn
Siemens share sold 50%
Sales Volume per year n/a
Number of Employees n/a

Jul, 2013 | OSRAM, Germany

Siemens successfully completed its planned spin-off and listing of OSRAM in July, 2013. Upon the spin-off taking effect, the Siemens shareholders additionally received 1 no par value share (registered share) in OSRAM Licht AG per each 10 no par value shares (registered shares) in Siemens AG.

 Press Release

Business activity Lighting
Siemens unit Discontinued Operations
First-time Deconsolidation Q4/2013
Purchase Price n/a
Siemens share sold 80.5%
Sales Volume per year € 5.4 bn (FY 2012)
Number of Employees ~39,000 (FY 2012)

Jul, 2011 | Siemens IT Solutions and Services, Germany

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.

 Press Release

Business activity IT
Siemens unit Discontinued Operations
First-time Deconsolidation Q4/2011
Purchase Price € 850 million
Siemens share sold 100%
Sales Volume per year N.A.
Number of Employees 28,000

Mar, 2011 | Areva NP, France

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).

 Press Release

Business activity Energy
Siemens unit Fossil Power Generation
First-time Deconsolidation Q2/2011
Purchase Price € 1.62 billion
Siemens share sold 34%
Sales Volume per year N.A.
Number of Employees N.A.

Jan, 2011 | Krauss-Maffei Wegmann, Germany

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.

 Press Release

Business activity Defense
Siemens unit Equity Investments
First-time Deconsolidation Q2/2011
Purchase Price N.A.
Siemens share sold 49%
Sales Volume per year N.A.
Number of Employees N.A.

Jan, 2011 | Electronics Assembly Systems Business, Germany

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.

 Press Release

Business activity Industry
Siemens unit Centrally Managed Portfolio
First-time Deconsolidation Q2/2011
Purchase Price N.A.
Siemens share sold 100%
Sales Volume per year N.A.
Number of Employees 1,200

Dec, 2010 | GIG Holding GmbH

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.

Business activity Communication
Siemens unit Equity Investments
First-time Deconsolidation Q1/2011
Purchase Price N.A.
Siemens share sold 19.8%
Sales Volume per year N.A.
Number of Employees N.A.

Apr, 2010 | Dräger Medical AG & Co KG, Germany

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%.

Business activity Medical technology
Siemens unit Healthcare
First-time Deconsolidation Q1/2010
Purchase Price € 250 million
Siemens share sold 25%
Sales Volume per year N.A.
Number of Employees N.A.

Jul, 2009 | Fujitsu Siemens Computers

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

Business activity IT infrastructure (PCs, servers, data storage systems), solutions and services
Siemens unit Equity Investments
First-time Deconsolidation Q3/2009
Purchase Price € 450 million
Siemens share sold 50%
Sales Volume per year € 6.6 billion (March 2008)
Number of Employees N.A.

Sep, 2008 | Siemens Enterprise Communications

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.

When the joint venture is launched, the Siemens Enterprise Communication business will be strengthened by combining the business with two of Gores’ current portfolio companies: Enterasys – a network equipment and security solutions provider and SER Solutions, a call center software company. On an operational level, the business will be driven by The Gores Group.

Business activity Telecommunication equipment
Siemens unit Discontinued Operations
First-time Deconsolidation 30.09.2008
Purchase Price n/a
Siemens share sold 51%
Sales Volume per year € 3.2 billion (FY 2007)
Number of Employees 17,600 (FY 2007)

Sep, 2008 | Siemens Home and Office Communication Devices

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.

Business activity Cordless phones, broadband and home entertainment devices
Siemens unit Other Operations
First-time Deconsolidation 1.10.2008
Purchase Price n/a
Siemens share sold 80.2%
Sales Volume per year € 792 million (FY 2007)
Number of Employees 2,100 (FY 2007)

May, 2008 | Wireless Modules

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.

Business activity Wireless machine-to-machine communication based on GSM Technology
Siemens unit Industry
First-time Deconsolidation Q3/2008
Purchase Price n/a
Siemens share 100%
Sales Volume per year € 250 million
Number of Employees 450 employees

Dec, 2007 | Siemens VDO, Germany

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.

Business activity Automotive supplier
Siemens unit Siemens VDO Automotive AG (SV)
First-time deconsolidation December 2007
Selling price €11.4 billion
Number of employees 53,000

Jun, 2006 | Nokia Siemens Networks

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.

Business activity Telecom: Fixed networks
Siemens unit Communications
First-time deconsolidation April 2007
Number of employees 60,000

Jun, 2006 | Dematic, Germany

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.

Business activity Logistics automation equipment
Siemens unit Part of former Logistics and Assembly Systems (L&A)
First-time deconsolidation Q4/2006
Selling price n/a
Sales volume per year € 800 million (FY2005)
Number of employees 4,000

Dec, 2006 | Product Related IT-Services

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.

Business activity IT-Services
Siemens unit Siemens IT Solutions & Services
First-time deconsolidation Q3/2006
Selling price n/a
Number of employees 5,000

Jun, 2005 | Mobile telephones

Business activity Mobile telephones
Siemens unit Communications (Com)
First-time deconsolidation Q1/2006
Selling price n/a
Number of employees 6,000

Mar, 2005 | Sinitec

Business activity IT-Services
Siemens unit Business Services (SBS)
First-time deconsolidation Q3/2005
Selling price n/a
Number of employees 1,100