With Heliox purchase, Siemens eyes high growth in truck, bus EV chargers – exec
By Nick Carey LONDON (Reuters) – Siemens expects high double-digit growth in electric chargers for bus fleets and trucks and to be in the top three companies in that rapidly growing global…
Siemens to invest $30 million to train U.S. EV charger technicians
By Paul Lienert Sep 6 (Reuters) – The Siemens Foundation said on Wednesday it will make a $30-million, 10-year investment in workforce development in the United States focused on the fast-growing electric…
Siemens to make solar energy equipment for US market in Wisconsin
(Reuters) – German conglomerate Siemens said on Tuesday it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin. The announcement marks a move…
Siemens Gamesa has fix for onshore wind turbine problem
FRANKFURT (Reuters) – Siemens Energy has fixed quality issues at onshore wind turbines it is currently selling to customers, the CEO of the group’s wind division Siemens Gamesa said on Friday, adding…
Siemens CEO says customers looking outside China for new investments
ZURICH (Reuters) – Siemens is seeing changing investment patterns by some customers regarding China as tensions rise between Washington and Beijing, Chief Executive Roland Busch said on Thursday. Siemens, which reported third…
Siemens’ new investment plan to create more than a 1000 jobs – CEO
Siemens’ 2 billion-euro ($2.17 billion) investment plan, announced on Thursday, is more than double the company’s cumulative investment spending over the past two years and will create over a thousand jobs, CEO…
China industry minister, Siemens CEO discuss digital manufacturing, development
BEIJING (Reuters) – China’s industry minister met Siemens’ chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and the digital transformation of small and medium-sized enterprises, the ministry said. The…
Leonardo, Siemens sign deal to create cybersecurity platform
ROME (Reuters) – Leonardo and Siemens on Thursday said they signed a memorandum of understanding to offer cybersecurity solutions for infrastructure in the energy, oil and gas and industrial sectors. “The main…
Siemens stock takes off on guidance upgrade, earnings beat
By John Revill ZURICH (Reuters) – Siemens shares surged on Thursday after the engineering company upped its full year sales and profit guidance and said it had made a “flying start” to…
Siemens investors push for simpler group structure to unlock value
ZURICH (Reuters) – Siemens shareholders have called on the engineering company to simplify its structure by selling its stake in Siemens Energy and clarifying its position on Siemens Healthineers. The trains-to-industrial-software group…
Siemens Energy: EU green deal lacks details on implementation
FRANKFURT (Reuters) – Plans by the European Union to loosen state aid rules in order to boost local industry and compete with U.S. support schemes tackle the right issues but lack clarity…
Siemens Energy: gas and power business supports optimistic view for 2023
FRANKFURT (Reuters) – Siemens Energy, which supplies equipment to the power sector, expects its business catering conventional energy sources to support its optimistic view for 2023, its chief executive said in a…
Siemens Gamesa to replace head of struggling onshore wind unit – memo
By Isla Binnie (Reuters) – Struggling wind turbine maker Siemens Gamesa will replace the head of its onshore unit due to recent financial losses that have piled pressure on the business, an…
Siemens Gamesa to cut 2,900 jobs as part of its turnaround
MADRID (Reuters) – Wind turbine maker Siemens Gamesa plans to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability, it said in a statement on Thursday.…
Gazprom head says ‘sanctions confusion’ means Siemens cannot service Nord Stream 1 -Interfax
MOSCOW (Reuters) -Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural gas pipeline,…
Siemens Energy says it has no damage reports from Gazprom on Nord Stream 1 turbines
BERLIN – Siemens Energy on Wednesday said it had not received any damage reports regarding the turbines of Nord Stream 1 gas pipeline from Russia’s Gazprom so far, adding it did not…
Novak says Russia waiting on Siemens, Canada over return of turbine
(Reuters) – Russia must wait and see what Germany’s Siemens Energy and Canada offer in regard to equipment for the Nord Stream 1 gas pipeline, Deputy Prime Minister Alexander Novak said on…
Siemens Mobility wins $8.7 billion high-speed rail deal in Egypt
BERLIN – Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its consortium partners to build about 2,000 kilometres of high-speed railways, the German group said…
Siemens Energy not pursuing divestment of Siemens Gamesa for now
FRANKFURT – Siemens Energy is not currently looking at divesting its wind turbine division Siemens Gamesa as part of a strategic review, its Chief Executive Christian Bruch told journalists on Wednesday. “For…
Siemens Gamesa’s keeps outlook under review as uncertainty persists
MADRID – Wind turbine maker Siemens Gamesa said on Thursday its 2022 outlook remains under review due to both internal and external challenges. It also confirmed disappointing preliminary second-quarter sales of 2.2…
Siemens Healthineers raises 2022 outlook on demand for COVID-19 tests
(Corrects to show revenue rose in second quarter, not first quarter, of 2022 financial year in paragraph 1) BERLIN – U.S.-German medical device maker Siemens Healthineers raised its targets for the 2022…
Biden to boost made-in-America goods as Siemens adds factory jobs
WASHINGTON – U.S. President Joe Biden on Friday will announce requirements for the government to buy more made-in-America goods at a White House event where Germany’s Siemens AG will commit to new…
Siemens to sell its 50% stake in the Valeo Siemens e-Automotive joint venture
ZURICH – Siemens has agreed to exit its Valeo Siemens eAutomotive joint venture in a deal which will boost the German company’s profits by around 300 million euros ($342.60 million), the German…
Siemens agrees to sell logistics business to Koerber in 1.15 billion euro deal
ZURICH – Siemens has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a purchase price of 1.15 billion euros ($1.31 billion), the…
Siemens to increase research and development spending – CEO
ZURICH – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker of trains…
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