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The Latest Breaking News from Siemens AG

European markets subdued as Israel raises tensions in the Middle East

Healthcare companies such as GSK plc and tech companies such as Siemens AG were among the top losers on European markets on Wednesday morning.

Euronews

Siemens To Buy Altair For $10.6B To Boost Industrial Software Portfolio

Siemens will be acquiring Altair for $10.6 billion in a move to strengthen its presence in the industrial software market.

International Business Times

Eva Scherer is joining Daimler Truck from Siemens AG. She’ll be the first female CFO in company history

Scherer will join the company as finance chief and a member of the board of management on April 1.

Fortune

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German government grants Siemens Energy a loan guarantee to help secure the company

The German government says it is granting a 7.5 billion-euro ($8 billion) loan guarantee to energy technology company Siemens Energy as part of a package to help the firm

The Independent UK

Simatic Automation Solutions: The Future of Industrial Automation

The rise of Industry 4.0 has paved the way for smarter, more efficient industrial automation systems. Simatic, a product family of Siemens AG, is one of the leading providers of automation solutions that cater to a wide range of industries such as manufacturing, automotive, energy, and food and beverage.

inkl

Benzinga Before The Bell: Roe vs Wade Ruling Effect, Airbnb's Ban on Parties, JetBlue's Modified Proposal And Other Top Financial Stories Tuesday, June 28

CNBC

Benzinga

Volkswagen, Siemens, Others Invest Over $700M For Hassle-Free, Cheaper EV Charging

The White House disclosed that companies are looking to invest over $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers, Reuters reports. The move could add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen AG (OTC:VWAGY) unit Electrify America and over…

Benzinga

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Volkswagen In Talks To Sell Stake In US EV Charging Business To Siemens: WSJ

Volkswagen AG (OTC:VWAGY) is nearing a deal to divest a minority stake in its U.S. electric vehicle charging business to a division of Siemens AG (OTC:SIEGY), the Wall Street Journal reported. The deal, if realized, would value Volkswagen’s Electrify America LLC at more than $2 billion. The report added that the funds will…

Benzinga

Siemens Acquires Brightly Software For $1.6B Cash Plus Earn-Out

Clearlake Capital Group, L.P. has agreed to sell Brightly Software, Inc. to Siemens AG (OTC:SEIGY) for $1.875 billion, with $1.575 billion upfront cash consideration and $300 million in cash earn-out payments. Brightly is a software-as-a-service provider of cloud-based enterprise asset management and facility operations management and was acquired by Clearlake in June 2019.…

Benzinga

Siemens to withdraw from Russia after 170 years

The German company has already taken a €600 million hit from sanctions on Russia

Evening Standard

Siemens Expands US Manufacturing Footprint With $54M Investment

Siemens AG (OTC:SIEGY) plans to invest $54 million in existing and new sites in Texas and California that develop electrical equipment for critical infrastructure systems, including EV charging, data centers, and industrial installations. The investment also encompasses a soon-to-be chosen manufacturing location for EV charging equipment, spurring domestic manufacturing of Level 2 charging.…

Benzinga

Siemens Clocks 17% Revenue Growth In Q1; Discloses Asset Divestment Plans

Siemens AG (OTC:SIEGY) reported first-quarter FY22 revenue growth of 17% year-on-year to €16.5 billion. Orders rose 52% Y/Y to €24.2 billion. Orders increased 42%, and revenue rose 9% on a comparable basis. Profit Industrial Business increased 12% Y/Y, to €2.5 billion, and the corresponding profit margin came in at 15.7% (Q1 2021: 16.5%). The basic…

Benzinga

Germany's Siemens sees profit up 20%, raises dividend

Germany Siemens AG saw net profit at the global maker of trains and industrial equipment rise 20% to 1.8 billion euros in the last three months of 2021

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