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Siemens AG (SIEGn.DE)

SIEGn.DE on Xetra

21 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Siemens AG to cut oil and gas jobs amid wider hiring - Reuters News
Wednesday, 9 Mar 2016 04:17am EST 

Siemens AG:Siemens plans to cut about 2,500 jobs related to the oil and gas, metals and mining sectors - mostly in Germany - while pursuing a hiring drive to boost its digital industrial expertise, it said on Wednesday.Siemens said it would realign its two business units Large Drives and Process Solutions, affecting about 2,000 jobs in Germany, mainly in Bavaria.It added that it would keep its current sites. Worldwide, Siemens said it planned to hire at least 25,000 new employees in each of the coming years, thanks to its announced increase of more than 1 billion euros ($1.1 billion) in research and development, productivity and sales.About 3,000 of these would be in Germany, it said.  Full Article

Siemens AG signs energy deals with Iran's Mapna Group
Wednesday, 2 Mar 2016 06:48am EST 

Siemens AG:Signs wide-ranging energy agreement with Iran's Mapna.Says agreement covers F-class gas turbines, Bandar Abbas power station, development of electricity generation.  Full Article

Siemens wins Finnish order for offshore wind turbines - Reuters
Wednesday, 27 Jan 2016 03:15am EST 

Siemens AG:Says wins first commercial offshore wind contract from Finland - Reuters.Says to supply 10 wind turbines with capacity of 4 MW each to Suomen Hyötytuuli Oy for Tahkoluoto project.  Full Article

Siemens raises EPS guidance for FY 2016
Monday, 25 Jan 2016 12:23pm EST 

Siemens AG:Raises EPS guidance for FY 2016 after a strong start into the fiscal year 2016.Decided to raise previous expectation for FY 2016 basic EPS from net income in the range of 5.90 euros to 6.20 euros to range of 6.00 euros to 6.40 euros.  Full Article

Siemens to acquire simulation software supplier CD-adapco
Sunday, 24 Jan 2016 07:00pm EST 

Siemens AG:To acquire simulation software supplier CD-adapco.Purchase price of $970 million.  Full Article

Taiwan Semiconductor Manufacturing to buy machine, facility and equipment engineering from ASML Hong Kong Ltd. and SIEMENS AG
Tuesday, 1 Dec 2015 01:10am EST 

Taiwan Semiconductor Manufacturing Co Ltd:To buy a batch of machine, facility and equipment engineering at T$6,813 million in total from ASML Hong Kong Ltd. and SIEMENS AG.  Full Article

Siemens signs billion-euro energy MoU with Bolivia - Reuters
Friday, 6 Nov 2015 04:53am EST 

Siemens AG:Signs a long-term energy cooperation agreement worth over a billion euros with Bolivia - Reuters.Intends to supply gas turbine combined cycle equipment to expand three thermal power plants owned by state utility Ende Andina under the government's 2025 Patriotic Agenda.  Full Article

Siemens extends lock-up shareholder commitment to Atos until 2020
Tuesday, 3 Nov 2015 07:00pm EST 

Siemens AG:Says global IT agreement with atos expanded by 3.23 billion euros with committed minimum volumes to reach 8.73 billion euros by end 2021.Extends lock-up shareholder commitment to Atos until 2020.  Full Article

Siemens completes 4 billion euros share buyback
Monday, 2 Nov 2015 12:10pm EST 

Siemens AG:Completes share buyback.Purchase price paid at stock exchange was in average 92.47 euros per share.Total number of shares which have been bought back amounts to 43,122,462 shares, which corresponds to 4.9 pct.Total consideration that was paid for shares amounts to 3.99 billion euros.  Full Article

Siemens wins gas turbine service contract from Abu Dhabi
Tuesday, 13 Oct 2015 05:30am EDT 

Siemens AG:Wins landmark service contract from the UAE.Will provide service, maintenance for 9 aero-derivative gas turbines from former Rolls-Royce Energy, related 9 Dresser-Rand compressors with a term of 18 years.Signed a long-term service contract with the gas company Dolphin Energy Limited, headquartered in Abu Dhabi.  Full Article


Conti tried to buy Siemens' Osram stake: Manager Magazin

FRANKFURT German automotive components group Continental tried to buy Siemens' stake in lighting group Osram in the summer but was turned down, German business monthly Manager Magazin reported on Friday, citing company sources.