Ralf Thomas News Today

BERLIN (AFP) – German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for EUR3.5 billion (USD3.8 billion). Innomotics, a subsidiary whose motors and other systems are used in a variety of industries including chemicals, oil, utilities and automotive, employs around 15,000 people. […]

German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).

Siemens reported relatively stable revenue in its second quarter on Thursday, despite a 12% decline in comparable orders, reflecting a high volume of large orders in the mobility segment.

The technology company Siemens is sticking to its targets for the current fiscal year. I am not at all worried about the Groups forecast for the year, CFO Ralf Thomas told the Borsen-Zeitung . We...

Siemens has announced that it has transferred an 8% stake in Siemens Energy to Siemens Pension-Trust e V, a pension fund for its employees, thereby reducing its stake in the power plant manufacturer...

Siemens announces the appointment, effective March 1, 2024, of Jörg Vocke as the new CEO of Siemens Real Estate , the Groups real estate company. In this role, he will report to Ralf Thomas, CFO and...

By Giulia Petroni Siemens anticipates a slowdown in revenue growth next year, with global demand for automation products not expected to pick up again until the second half. The German...

Siemens Energy AG slumped by a record over escalating issues at Siemens Gamesa Renewable Energy SA, the latest in a long line of costly problems uncovered at the wind turbine unit. The shares plummeted as much as 36% after the Spanish division uncovered worse-than-expected quality flaws at its onshore wind turbines, delaying turnaround efforts. Siemens Energy, scrapping its annual profit guidance, warned that additional costs may exceed €1 billion ($1.1 billion).

By Pierre Bertrand Siemens said Wednesday that it will most likely share details on how it will divest its shareholding in Siemens Energy in November. The German industrial company intends... | May 17, 2023

By John Revill ZURICH (Reuters) - Siemens reported better-than-expected quarterly profit at its industrial business on Wednesday and raised its full-year sales and profit guidance, boosted by a strong start to its 2023 fiscal year.