The Latest Breaking News from Siemens AG

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

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

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.…

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

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.…

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…

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