Key Developments: Siemens AG (SIEGn.DE)

SIEGn.DE on Xetra

90.66EUR
15 Aug 2014
Price Change (% chg)

€-0.97 (-1.06%)
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Latest Key Developments (Source: Significant Developments)

Siemens AG plans to delist from London and Swiss Stock Exchanges
Tuesday, 9 Sep 2014 02:00am EDT 

Siemens AG:Says Managing Board has resolved to delist ordinary shares of Siemens from London Stock Exchange (LSE) and from Swiss Stock Exchange (SIX Swiss Exchange AG / SIX).Says delisting from LSE is expected to become effective early Oct. 2014, while SIX delisting is expected to become effective in Jan. 2015 at earliest.  Full Article

Siemens AG receives order for 67 wind turbines for Dudgeonoffshore wind power plant
Thursday, 21 Aug 2014 08:00am EDT 

Siemens AG:Receives order for 67 wind turbines for Dudgeonoffshore wind power plant.Total value of the contracts nearly 650 million Euros.  Full Article

Siemens AG enters into agreement with Mitsubishi-Hitachi Metals Machinery lnc and Mitsubishi Heavy Industries
Friday, 8 Aug 2014 04:27am EDT 

Siemens AG:Says entered into an agreement with Mitsubishi-Hitachi Metals Machinery lnc (MHMMI), and Mitsubishi Heavy Industries (MHI).Agreement for setting up joint venture to operate in business of metallurgical industry as complete provider of plant, products and services for iron, steel and aluminium industry.In addition board agreed in principle to transfer Metals Technologies business of company to designated entity.Sale and transfer of Metals Technologies business excluding service portion of electrics & automation business of the Company to Siemens Postal and Parcel Logistics Technologies Private Ltd.Says transfer to Siemens Postal and Parcel Logistics Technologies Private Ltd (proposed to be renamed), 100 pct subsidiary of Siemens AG, Germany with effect from close of business hours on Sept. 30.  Full Article

Siemens AG secures contract to install eHighway system
Wednesday, 6 Aug 2014 01:42pm EDT 

Siemens AG:Says it has been selected by South Coast Air Quality Management District (SCAQMD) to install eHighway system in proximity of Ports of Los Angeles and Long Beach.Siemens eHighway is electrification of select highway lanes via catenary system which supplies trucks with electric power, similar to how modern day trolleys or streetcars are powered on many city streets, while still offering same flexibility as diesel trucks.A two-way, one-mile mile catenary system will be installed by Siemens and system will be demonstrated with different battery-electric and hybrid trucks.Expected result is lower fossil fuel consumption, substantially reduced smog-forming, toxic and CO2 emissions, and lower operating costs.Siemens and Volvo Group, via its subsidiary Mack Trucks brand, are developing demonstration vehicle for project.Siemens also is supplying current collectors, technology that allows trucks to connect and disconnect from the catenary system at any speed, to local California truck integrators whose vehicles will also be part of the demonstration.  Full Article

Cerner to acquire Siemens Health Services for $1.3 bln
Tuesday, 5 Aug 2014 04:03pm EDT 

Cerner Corp:Says the company and Siemens AG announced they signed a definitive agreement for Cerner to acquire the assets of Siemens' health information technology business unit, Siemens Health Services, for $1.3 billion in cash.As part of the agreement, Cerner and Siemens will form a strategic alliance to bring new solutions to market that combine Cerner's health IT leadership and Siemens' strengths in medical devices and imaging.  Full Article

Siemens AG confirms FY 2014 outlook
Thursday, 31 Jul 2014 01:00am EDT 

Siemens AG:Confirms guidance for FY 2014.Expects basic earnings per share for FY 2014 to grow by at least 15 pct.  Full Article

Danaher Corp subsidiary to acquire Siemens Healthcare Diagnostics' clinical microbiology business
Wednesday, 16 Jul 2014 04:00pm EDT 

Danaher Corp:Says Beckman Coulter, an indirect wholly-owned subsidiary, enters into a definitive agreement to purchase the clinical microbiology business of Siemens Healthcare Diagnostics.Transaction is expected to close in Q1 2015.Agreement is subject to applicable regulatory approvals and other customary closing conditions.  Full Article

Mitsubishi Heavy Industries Ltd announces French government to not support the proposal made by itself and Siemens
Friday, 20 Jun 2014 09:00pm EDT 

Mitsubishi Heavy Industries Ltd:Mitsubishi Heavy Industries acknowledges and regrets the decision made by the French government to not support the offer made by itself and Siemens to establish a long-term industrial partnership with Alstom.Says the proposal and its updates disclosed on June 11, 16 and 20.  Full Article

Siemens and MHI offer for Alstom energy division increased by 1.2 bln euros-Reuters
Friday, 20 Jun 2014 01:15am EDT 

Alstom SA:Siemens and Mitsubishi Heavy Industries revised offer for energy division of Alstom considers cash payment of 8.2 bln euros, reflecting 1.2 bln increase compared to previous offer - Reuters.  Full Article

Mitsubishi Heavy Industries gives notice concerning media reports on proposal with Siemens for certain assets of Alstom
Sunday, 15 Jun 2014 08:00pm EDT 

Mitsubishi Heavy Industries Ltd:Says decision reported by media reports regarding potential proposal of Mitsubishi Heavy Industries (MHI) and Siemens AG for certain assets of Alstom SA was not released by MHI, and transaction details are still under consideration.  Full Article

UPDATE 2-Denmark's Dong Energy banks on larger offshore turbines

* Alstom, Areva, Gamesa new players in offshore (Adds E.ON board member, EWEA comment, new players)

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