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52 Press releases
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.
Munich, May 11, 2015
During Expo 2015 in Milan, Italy, Siemens is serving as the strategic partner to Enel for delivering the intelligent grid technology that supplies the world's fair with electricity. For Italy's largest power company, Siemens developed the energy management capabilities for this smart grid.
Munich, May 07, 2015
"For business volume, we performed well in our markets. The profitability of our Industrial Business shows that we must still improve some businesses."
One year after presenting its Vision 2020, Siemens is on track with the implementation of its concept for the company's strategic realignment. As announced, Siemens has informed its Supervisory Board and the relevant committee of employee representatives regarding the next steps planned in order to improve the company's profitability. These steps include measures to improve profitability at the Power and Gas Division's power generation business as well as a bundle of additional measures for restructuring chronically low-profit businesses. "With the initiation of these measures, the company's structural reorganization has been completed for the most part," said Joe Kaeser, President and CEO of Siemens AG.