Siemens Energy to Separate Its Transformation of Industry Unit

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Here you will find information on the topic "Consolidated conversion". Read now "Siemens Energy wants to self-employed TI division".

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The Transformation of Industry division is to be established more independently. The goal is an independent company with more flexibility and additional growth opportunities.

Die Presse

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The industrial sector, which offers, among other things, energy infrastructure for industry, compressors for the oil industry and hydrogen electrolyzers, is to be split off. In the past financial year, the sector generated sales of around 5.7 billion euros.

Handelsblatt

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The energy technology group is starting to independentize the "Transformation of Industry" division. Goldman Sachs is already exploring the market. These are the potential interested parties.

Dagens industri

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German Siemens Energy wants to spin off its “Transformation of Industry” division, which manufactures compressors and steam turbines, among other things. According to Bloomberg's sources, EQT is among the interested parties in the unit.