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50 Press releases
Munich, Feb 02, 2016
Today, Siemens has started the share buyback announced on November 12, 2015 and plans to buy back shares in an amount of up to €3 billion euro until November 15, 2018 at the latest. In addition, 31 million treasury shares will be retired. This will reduce the capital stock of 881 million to 850 million shares. "With this new share buyback we ensure that our shareholders, in addition to our attractive dividend, will participate continuously in the success of the company," says CFO Ralf P. Thomas.
Munich, Feb 01, 2016
A change is ahead in the management of the global communications at Siemens. The current head of Communications and Government Affairs, Stephan Heimbach, will be stepping down from this function as of March 1, 2016. He will remain available to the CEO of Siemens AG, Joe Kaeser, in an advisory capacity on a transitional basis.
Munich, Jan 29, 2016
The first students to participate in the pilot project Europeans@Siemens have now successfully completed their training in Berlin and are starting their professional careers. In the fall of 2012, the young Europeans were sent to Berlin by the Siemens Regional Companies in their home countries to train as electronics or mechatronics engineers. The 24 young people from 12 European countries will now be awarded their diplomas in a ceremony at Siemens' Berlin location.
Erlangen, Jan 28, 2016
On January 22, 2016, Siemens handed over the combined cycle power plant equipped with a Siemens H-class gas turbine at the Lausward location in the Düsseldorf (Germany) harbor area to the customer and operator, the utility company Stadtwerke Düsseldorf AG.
Munich, Jan 26, 2016
At the Annual Shareholders' Meeting of Siemens AG in Munich, company shareholders approved the early reelection of Nicola Leibinger-Kammüller, Jim Hagemann Snabe and Werner Wenning to additional five-year terms on Siemens' Supervisory Board. This step is intended to ensure continuity – with a view to the long-term, successful implementation of the company's Vision 2020 strategy – beyond the regular election of shareholder representatives to the Supervisory Board in January 2018.
Munich, Jan 25, 2016
"We delivered a strong quarter and are well underway in executing our Vision 2020. Therefore, we will raise our earnings outlook for 2016, even though the macroeconomic and geopolitical developments remain a concern for our markets. We continue to focus on addressing our structural challenges in the company and invest into further developing our markets and strengthening our innovation power."
Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens. The purchase price is $970 million. 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. Last fiscal year, CD-adapco had over 900 employees and revenue of close to $200 million with software-typical double digit margins. On average, CD-adapco increased its revenue at constant currencies by more than 12 percent annually over the past three fiscal years. Siemens expects this business to continue to experience strong growth in the future.
Munich, Dec 23, 2015
In response to partly misleading media reports – most recently in the Mittelbayrische Zeitung under the headline "Siemens knew" – regarding the involvement of Siemens in the planned strategic realignment of Osram AG, Siemens comments as follows:
As an Osram shareholder, Siemens was and is not satisfied with Osram's recent share price development. Due to the shift in Osram's strategy, the value of Siemens' stake in the company has declined from some €940 million to about €680 million.
Munich, Dec 09, 2015
The Supervisory Board of Siemens AG wants to ensure continuity in the long-term, successful implementation of the company's Vision 2020 strategy beyond the next regular re-election of shareholder representatives to the Supervisory Board in January 2018. Based on the Nominating Committee's recommendation, the Supervisory Board has therefore decided to propose to the Annual Shareholders' Meeting of Siemens AG on January 26, 2016 the early reelection of Dr. Nicola Leibinger-Kammüller, Jim Hagemann Snabe and Werner Wenning for terms extending until the Annual Shareholders' Meeting in 2021 in order to ensure their continued participation in the Supervisory Board beyond 2018.
Munich, Dec 08, 2015
In the current fiscal year 2016, Siemens will invest around €4.8 billion in research and development (R&D) – some €300 million more than last fiscal year. R&D investment has thus increased about 20 percent since fiscal 2014.