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Siemens AG (SIEGn.DE)

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Latest Key Developments (Source: Significant Developments)

Siemens energy management working to hit margin target
Wednesday, 29 Jun 2016 01:32pm EDT 

Siemens AG : Energy management chief says will reach margin target in 2017, working hard to do so already in 2016 Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Siemens says oil and gas service margins pretty resilient
Wednesday, 29 Jun 2016 11:13am EDT 

Siemens AG : Dresser Rand unit CEO says service margins pretty resilient in face of price pressure Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Spain's Gamesa merger with Siemens to be completed by Q1 2017
Friday, 17 Jun 2016 08:47am EDT 

Spain's Gamesa : Says expects Siemens merger to be completed by end of the first quarter 2017 . Says expects merger to increase earnings per share as of first year .Says Siemens would have five out of 13 board members in the new group, Iberdrola to have two.  Full Article

Siemens said to give Gamesa $1 bln in cash in wind deal- Bloomberg
Thursday, 16 Jun 2016 02:19pm EDT 

: Siemens AG to pay about $1 bln of cash to Spain's Gamesa Corp Tecnologica SA as part of a deal to combine the companies' wind businesses - Bloomberg . Gamesa to receive cash as special dividend from new wind venture as well as 41 pct stake in business, with Siemens holding 59 pct - Bloomberg .Gamesa new venture with Siemens AG could have a market capitalization of about 10 billion euros ($11 billion) - Bloomberg.  Full Article

Siemens and Gamesa Corporacion close to announcing an deal to combine their wind-power activities- WSJ
Wednesday, 15 Jun 2016 04:30am EDT 

: Siemens and Gamesa Corporacion are close to announcing an anticipated deal to combine their wind-power activities- - WSJ, citing sources . Deal could see Siemens transferring its offshore wind activities to Gamesa in exchange for a 60 pct stake in enlarged busines- WSJ,citing sources . Deal could help realize annual savings of around 200 million Euros for the combined co - WSJ,citing sources Source (http://on.wsj.com/1UTJ9Ia) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Siemens CEO says unlikely to do mega-deals
Wednesday, 1 Jun 2016 10:11am EDT 

Siemens CEO at investor conference in New York : Says any acquisitions will be very focused, especially on digitisation . Says separation of healthcare business nearly complete . Says unlikely to do mega-deals Further company coverage: [SIEGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Siemens confirms FY 2016 EPS outlook
Tuesday, 3 May 2016 08:00pm EDT 

Siemens AG:Confirms financial guidance for FY 2016.Expects basic EPS from net income in the range of 6.00 euros to 6.40 euros.  Full Article

Siemens AG to pay Israel $43 mln to settle bribery case -Israel - Reuters News
Monday, 2 May 2016 02:42pm EDT 

Siemens AG:Siemens AG will pay Israel 160 million shekels ($43 million) to settle a decade-old corruption case in which the German group was accused of bribing executives at a state-owned utility to win contracts, Israeli authorities said on Monday - RTRS.The settlement was announced by Israel's Justice Ministry, which has been investigating whether Siemens paid millions of dollars in bribes to officials at Israel Electric Corp (IEC) to win contracts from 1999 to 2005."We are pleased that the Israeli State Authorities chose to have an arrangement that does not include an indictment against Siemens AG recognising....that Siemens fully cooperated in the course of the investigation," Siemens said in an e-mailed statement.  Full Article

Siemens and Atos cooperate to offer data analytics solutions
Wednesday, 20 Apr 2016 08:00pm EDT 

Atos SE:Siemens and Atos cooperate to offer data analytics solutions.Companies announced its joint go-to-market approach for data analytics based on Sinalytics.  Full Article

Valeo announces 50/50 JV with Siemens in high voltage propulsion systems
Monday, 18 Apr 2016 11:50am EDT 

Valeo SA:Valeo announces 50/50 joint venture with Siemens in high voltage propulsion systems.The two companies to propose a complete range of high voltage components and systems (higher than 60v) for all kinds of electric vehicles.  Full Article


Siemens not planning any more big software acquisitions: source

MUNICH German engineering group Siemens is not planning any more big purchases of industrial software makers, a person close to the company told Reuters.