Innomotics has launched in Germany as a separately managed legal entity as of July 1, 2023. Under a single roof, the supplier of motors and large drives brings together business activities with low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles as well as project and service offerings for this product portfolio. The company’s operating headquarters are located in Nuremberg, Germany. The carveout in Germany has now been completed. The global carveout is also to be largely completed by the beginning of the new fiscal year on October 1, 2023. In the future, Innomotics will comprise the previous corresponding businesses from the units Large Drives Applications and Digital Industries, as well as the separately managed Siemens companies Sykatec and Weiss Spindeltechnologie. Worldwide, around 15,000 people are working at Innomotics to realize growth potential and thus secure the company’s future market success as a trailblazing specialist for motors and large drives.

Siemens AG has transferred a 6.8 percent stake in Siemens Energy AG to Siemens Pension-Trust e.V. on June 28, 2023. As a result, Siemens AG’s stake in Siemens Energy AG declines to 25.1 percent. With this move, Siemens is executing its previously announced plans to reduce its investment in Siemens Energy. By transferring the shares to Siemens Pension-Trust e.V., Siemens is strengthening its pension assets in Germany.

Together for Sustainability (TfS) and Siemens are announcing a partnership on decarbonization to advance the overall sustainability of the chemical industry. TfS is a global initiative to promote sustainability in the chemical industry’s supply chain, consisting of 47 international companies, including some of the largest chemical groups. Siemens, a leading technology company and supplier of automation and industrial software, will leverage the power of its Sigreen solution, a tool to track and manage product carbon footprint (PCF) and part of the Siemens Xcelerator portfolio.

Siemens continued its strong growth momentum also in Q2 2023 (ended March 31, 2023). The quarter was characterized by very strong order intake, outstanding revenue growth driven by substantial increases at Digital Industries, Smart Infrastructure and Mobility, and higher Profit Industrial Business, including sharp increases at Smart Infrastructure and Digital Industries, which both achieved their highest-ever quarterly profit. Following the strong first half of fiscal 2023, Siemens is again raising its outlook for the fiscal year.

Siemens and MIT Technology Review have embarked on collaborative research to explore the development and opportunities of the rapidly developing Industrial Metaverse. The result of this collaboration is a comprehensive report about the potential of The Emergent Industrial Metaverse, which compiles the most recent research in the field and includes interviews with leading technologists, industry analysts, business leaders, and researchers. It is available free of charge as of March 29 (link: https://sie.ag/MITIMV). MIT Technology Review together with Michael Grieves, Executive Director of the Digital Twin Institute, and Peter Körte, Chief Technology Officer and Chief Strategy Officer of Siemens will bring these scenarios to the virtual stage on March 30 during a live-streamed webcast (link: https://www.linkedin.com/events/7044023667751571456). A recording will be available afterwards.

Siemens and FREYR announced a strategic partnership today at Hannover Messe. Siemens will become FREYR’s preferred supplier in automation and digitalization technology, enabling FREYR to scale-up production, and maximize its plant and energy efficiency.

Under the theme of "Accelerate digitalization for a sustainable tomorrow ", Siemens attended the 18th China International Machine Tool Show (CIMT 2023) to showcase how its digital product portfolio for machine tool manufacturing that integrates the digital and real worlds can help machine tool manufacturers and end users accelerate digital transformation in different links of the entire value chain, such as R&D and design, manufacturing and production optimization. At this year’s show, the company also invited several partners to show up together, leveraging its cutting-edge technology and the robust ecosystem of SINUMERIK to explore the application of digital technology in more machining scenarios and sectors.

Siemens Digital Industries Software and IBM (NYSE:IBM) today announced they are expanding their long-term partnership by collaborating to develop a combined software solution integrating their respective offerings for systems engineering, service lifecycle management and asset management.