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54 Press releases
Munich, Aug 26, 2015
Siemens is inviting institutional investors in the bonds with warrants issued in February 2012 to participate in an exchange offer. Since the effective date of the Osram spin-off in July 2013, the warrants entitle their holders to receive, upon exercise, Siemens shares and additionally shares of Osram Licht AG.
Zug, Aug 13, 2015
Carnegie Hall, the nearly 125-year old iconic New York City music venue, today announced its award of a Leadership in Energy and Environmental Design (LEED) Silver Certification from the U.S. Green Building Council, making it one of the oldest and most notable buildings to achieve such distinction. This milestone was achieved in part through a close collaboration with Siemens, which was enlisted as one of Carnegie Hall's technology partners to modernize almost 165,000 square feet of non-performance space.
Munich, Aug 06, 2015
The Basel Institute on Governance – together with its partners, the United Nations Global Compact and the Organisation for Economic Cooperation and Development (OECD) – has been awarded a three-year funding of nearly US$4 million under the second funding round of the Siemens Integrity Initiative. The funding will support the Basel Institute and the UN Global Compact in their joint mandate to develop and maintain the B20 Collective Action Hub, and the Basel Institute and the OECD's joint mandate to support the development of High Level Reporting Mechanisms in G20 countries, in a project entitled "Scaling up anti-corruption Collective Action: B20 Hub on Anti-Corruption Collective Action."
Munich, Jul 30, 2015
"Overall our businesses delivered solid underlying profitability despite a softening market environment. We expect to maintain our momentum with a strong closing quarter for fiscal 2015."
Jürgen Brandes (54) has been appointed CEO of Siemens' Process Industries and Drives Division, effective October 1, 2015. He will succeed Peter Herweck (48), who is leaving the company at the end of the fiscal year. Brandes has been at Siemens for 25 years and is currently CEO of the company's Mobility Management Business Unit. He previously held a variety of positions in Siemens' automation and drives technology business both in and outside Germany.
Munich, Jul 16, 2015
On the fourth anniversary of its creation, during the Alliance Board meeting in Munich, Atos and Siemens decided to define new initiatives that would further expand their alliance. In particular, the two companies will, in the second half of this year, explore further opportunities for joint collaborations in the fields of advanced data analytics, cyber security and device connectivity.
Munich, Jun 29, 2015
The EU Commission has unconditionally approved Siemens' acquisition of Dresser-Rand. All regulatory approvals required to complete the transaction have thus now been obtained. Siemens plans to close the transaction by the end of June 2015. Siemens will pay all Dresser-Rand shareholders US$85.20 per share. The purchase price comprises the offer of US$83 per share plus a time-dependent ticking fee totaling US$2.20 per share for the months of March to and including June 2015. The overall consideration for acquiring all outstanding Dresser-Rand shares including the assumption of outstanding financial debt of US$1.2 billion is about US$7.8 billion.
Hamburg, Jun 25, 2015
Joined by government and community officials, customers and special guests, Siemens this week celebrated the official christenings of the offshore wind industry's very first, purpose-built Service Operation Vessels (SOV). The christening events took place in cooperation with Esvagt A/S, owner of the two vessels, in Rostock, Germany, and Hamburg, Germany.
Berlin, Jun 03, 2015
Siemens has signed contracts worth €8 billion for high-efficiency natural gas-fired power plants and wind power installations that will boost Egypt's power generation capacity by more than 50 percent compared to the currently installed base. The projects will add an additional 16.4 gigawatts (GW) to Egypt's national grid to support the country's rapid economic development and meet its growing population's demand for power.
Munich, May 28, 2015
Siemens has successfully placed its largest bond issuance to date. It was the company's second bond placement on the U.S. capital market, with the first having been nine years ago. In a transaction that ended yesterday, Siemens issued bonds with a total value of US$7.75 billion and maturities of three, five, seven, ten and 30 years.