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47 Press releases
Munich, Jun 29, 2016
Despite a material downturn in the sector, Siemens expects the acquisition of Dresser-Rand and Rolls-Royce's former energy business to generate considerably greater synergies than originally anticipated. At the Energy and Oil & Gas Capital Market Day in Houston, Texas, Siemens Managing Board member Lisa Davis explained that the integration of the two companies was expected to generate synergies of €365 million by fiscal 2019 – or €165 million above the planned figure.
Munich, Jun 28, 2016
Effective October 1, 2016, Siemens will set up a separate unit to foster disruptive ideas more vigorously and to accelerate the development of new technologies. The unit's name, "next47," plays on the fact that Siemens was founded in 1847. Pooling its existing startup activities at next47 will enable the company to unite the best of two worlds: next47 will couple agility, speed and independence with a global customer base, many years of experience, credibility and financial strength. The new unit will have funding of €1 billion for the first five years. Siegfried Russwurm, Siemens Chief Technology Officer, will head the new unit on an acting basis.
Munich, Jun 24, 2016
Siemens' new headquarters in Munich have opened. Employees and the Managing and Supervisory Boards of Siemens AG celebrated completion of the building with a grand-opening ceremony. Deputy Minister-President of Bavaria Ilse Aigner and Munich Mayor Dieter Reiter were also on hand for the occasion. Completed in only about three years, the new building provides space for 1,200 employees on an aboveground area of around 45,000 square meters.
Munich, Jun 20, 2016
Visitors arriving at the new Siemens headquarters in Munich will be greeted by the impressive sight of the bronze sculpture "Schwesterngruppe" (Group of Sisters), created by Georg Baselitz. Freely accessible to the public, the sculpture forms part of the company's new, open building concept.
Munich, Jun 17, 2016
Siemens and Gamesa have signed binding agreements to merge Siemens' wind power business, including wind services, with Gamesa to create a leading global wind power player. Siemens will receive newly issued shares of the combined company and will hold 59 percent of the share capital while Gamesa's existing shareholders will hold 41 percent. As part of the merger, Siemens will fund a cash payment of €3.75 per share, which will be distributed to Gamesa's shareholders (excluding Siemens) immediately following the completion of the merger (net of any ordinary dividends paid until completion of the merger). The cash payment represents 26 percent of Gamesa's unaffected share price at market close on January 28, 2016.
Munich, May 24, 2016
In line with Saudi Vision 2030 and Saudi Aramco's in-Kingdom Total Value Add (IKTVA) program, Siemens delivered its first gas turbine built in Saudi Arabia. The gas turbine, which will be installed at Saudi Aramco's new power plant as part of the Jazan refinery project, was produced at the Siemens Dammam Energy Hub, Saudi Arabia's first gas turbine manufacturing facility and the largest in the Middle East.
Munich, May 11, 2016
Clarissa Haller (49) has been appointed the new head of communications at Siemens. She will assume her new duties on July 1, 2016, and report in this capacity directly to President and CEO Joe Kaeser. Ms. Haller has been active at the international level in a wide range of leadership positions in the communications field for, among others, Roche, ABB and Credit Suisse.
Munich, May 04, 2016
"We delivered another convincing performance in the second quarter, compared to both the prior year and our industry sector. Despite ongoing challenges in the market environment, we will continue to focus rigorously on profitable growth," said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Munich, May 03, 2016
Jan Mrosik (51), currently CEO of the Energy Management Division, has been appointed CEO of the Digital Factory Division, effective June 1, 2016. Anton Huber (65), Digital Factory's current CEO, is retiring on October 1, 2016. He will continue to serve the company in a consulting capacity until that date. Ralf Christian (52) will be the sole CEO of the Energy Management Division, effective June 1, 2016. Christian is currently the Division's co-CEO with Mrosik.
Munich, Apr 18, 2016
Siemens and Valeo have signed an agreement to form a joint venture in high voltage powertrains. With this move the companies create a global leader of innovative and affordable high-voltage components and systems for the entire range of electric vehicles including hybrids, plug-in hybrids and full electric vehicles. Building upon their complementary scope and portfolio, the joint venture will provide substantial synergies in manufacturing and sourcing and create a base for sustained growth and profitability.