NeuConnect Project: A new era of energy security as UK-Germany connection begins
Construction of the NeuConnect project, a £2.4bn/€2.8bn vital energy link between the UK and Germany, has officially started. The project is set to interconnect two ... Read More
Valmet to acquire Siemens’ process gas chromatography business for €102.5m
Valmet, a global developer and supplier of technologies, automation systems, and services, has agreed to acquire the Process Gas Chromatography business from Siemens AG. The ... Read More
Siemens pours €1bn into German industrial metaverse innovation
In a decisive move to bolster Germany's innovation capacity, Siemens has announced plans to invest €1 billion in the country. This forms part of the ... Read More
Siemens Mobility secures €3bn locomotive contract from Indian Railways
Siemens Mobility has secured an INR 26,000 crores (approximately €3bn) contract to supply 1,200 electric locomotives of 9,000 horsepower to the Indian Railways over an ... Read More
Siemens Smart Infrastructure closes $1.6bn acquisition of Brightly Software
Siemens Smart Infrastructure (SI) has closed the previously announced $1.575 billion acquisition of Brightly Software, an American software-as-a-service (SaaS) company that provides solutions for asset ... Read More
Siemens to shut down businesses in Russia amid Ukraine war
German conglomerate Siemens said that it will pull out from the Russian market in response to the country’s ongoing war against Ukraine. Siemens stated that ... Read More
Siemens to acquire design-to-source platform Supplyframe for $700m
Siemens has agreed to acquire Supplyframe, a California-based design-to-source platform for the electronics value chain, for $700 million. Supplyframe is said to have created a ... Read More
Siemens to sell mechanical and electrical drive business Flender to Carlyle for €2bn
Siemens has signed an agreement to sell Germany-based mechanical and electrical drive systems supplier Flender to the Carlyle Group for €2.025 billion. Flender provides a ... Read More
Galaxy Semiconductor to acquire Quantix Business from Mentor Graphics
US-based Galaxy Semiconductor Solutions has agreed to acquire almost all of the assets of the Quantix Business from Mentor Graphics, a business owned by Siemens ... Read More
Siemens to supply 41MW mobile unit for Bayat-1 power plant in Afghanistan
Siemens has received an order from Bayat Power, a subsidiary of Bayat Group, to supply a 41MW SGT-A45 mobile unit for the Bayat-1 power plant ... Read More