Siemens has completed its structural realignment successfully executing a key part of its Vision 2020+ strategy concept. The core element of Vision was giving Siemens’ individual businesses significantly more entrepreneurial independence and responsibility under the strong, shared “Siemens” brand to sharpen its focus on individual markets. The independent Siemens companies Siemens AG, Siemens Healthineers AG and Siemens Energy AG will work together within an ecosystem of common interests. Siemens AG will primarily concentrate on technologies that are driving advances in the digital transformation of industry, in smart infrastructure and in sustainable transportation.

In an initial move, Siemens AG has spun off 55% of Siemens Energy AG to Siemens’ shareholders and thereby made the corresponding number of shares available for free-float ownership, it further intends to reduce its equity stake in Siemens Energy significantly within 12-18 months. The independent listing ensures more transparency and individual accountability. Siemens Energy covers substantial parts of the energy value chain, including the service business, more than almost any other company. As a result, the company can adapt flexibly to the market environment, which is being transformed during the energy transition. Its independence is to be followed by better improvement in profitability.

“The listing of Siemens Energy means that we have successfully reached a key milestone in Siemens’ structural realignment,” explained Joe Kaeser, President & CEO, Siemens AG. “With three powerful, focused, and independent companies, we have an outstanding setup for the future. The separately listed companies will be in a significantly better position to tap the individual businesses’ value-creating potential than would be possible in a conglomerate. This is another way in which we are creating prospects for sustainable, long-term expansion of each of the businesses. After just a short time, Siemens Healthineers has provided an impressive example of what this change enables in terms of value creation and transformational alignments.”

To this Dr Roland Busch, Deputy CEO, Siemens AG added, “Once again, our entire team has proven that it can also master challenges of historic magnitude with great decisiveness and flexibility. We have largely completed the current phase of our company’s structural development. Now, we will focus sharply on its digital transformation. Over the next few years, we intend to accelerate our profitable growth for the long term and concentrate on technologies that have a positive impact and create genuine added value – for our customers in the industrial and commercial sectors and for society.”

 Sharing his views, Prof Dr Ralf P Thomas, CFO - Siemens AG and Supervisory Board Member - Siemens Energy AG stated, “The spin-off will create an independent and agile energy champion with a strong brand and Siemens’ engineering DNA. In the future, Siemens Energy will act independently and have a strong financial basis. At the same time, Siemens AG will become more transparent and leaner with a clear focus on the core business of its industrial units. We are even more convinced that this listing will create long-term value for the shareholders.”

For more information: www.siemens.com