Siemens

German industrial giant Siemens on Thursday posted a record net profit in the last fiscal year, but warned that global tariff conflicts could weigh on business in the coming 12 months. Siemens netted nine billion euros...

Siemens said on Thursday it will sell its large motors and drives business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros. “The Managing Board and Supervisory Board of Siemens AG have...

Siemens Mobility is the system integrator and reliable partner for on time delivery of the city-shaping project Sydney Metro – Western Sydney Airport, the new metro railway line that will service between St Marys, the new...

The war in Ukraine continues to force people to flee the affected areas. Low winter temperatures are exacerbating the precarious situation of the people living there. To provide further help to those affected, Siemens AG and...

Siemens has signed a deal a with a joint venture of Stellantis, Mercedes Benz and TotalEnergies to supply equipment and technology for electric vehicle battery plants, the German engineering company said on Thursday. The joint venture...

MAHLE, the technology group, and Siemens have signed a declaration of intent for cooperation in the area of wireless charging systems for electric vehicles. In the future, both companies will jointly develop and test complete infrastructure...

German industrial conglomerate Siemens said Thursday it had made a significant net loss as it counted the cost of struggles at its former energy unit. Between April and June, Siemens recorded a net loss of 1.5...

Energypac Power Generation Limited (EPGL) and Siemens Engines S.A.U, Spain recently signed a business partnership agreement to expand Siemens Industrial Engine business. Prior to its acquisition by Siemens Engines S.A.U, EPGL was a business partner of...

Germany’s Siemens saw the volume of business contract by as much as 20% from April June and activity in 2021 would stay below 2019 levels, the CFO told Boersenzeitung. Ralf Thomas told Saturday’s edition of the...

Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany. “No one at Siemens will leave...