Siemens Energy Plans to Spin Off Transformation of Industry Unit
Siemens Energy is preparing to spin off its Transformation of Industry division, exploring potential ownership structures as it concentrates on power generation and power transmission. The unit is struggling to compete for capital while growth in gas turbines and power transmission accelerates. Record orders and bumper profits continue amid a burgeoning U.S. data center sector.
Coverage (12)
- Siemens Energy prepares for business spin-off (hydrocarbonengineering.com)
- Siemens Energy to spin off Transformation of Industry with view to sale (gasworld.com)
- Siemens Energy plans industry carve (transformer-magazine.com)
- Siemens Energy to spin off Transformation of Industry business (sharecast.com)
- Siemens Energy prepares Transformation of Industry separation (renews.biz)
- Siemens Energy to spin off industrial transformation business and sell majority stake (energywatch.com)
- Siemens Energy Plans to Spin Off Transformation of Industry Unit (wsj.com)
- Siemens Energy Plans to Spin Off Transformation of Industry Unit (wsj.com)
- Siemens Energy Plans to Carve Out Transformation of Industry Unit (finance.yahoo.com)
- Siemens Energy Plans to Carve Out Transformation of Industry Unit (oilprice.com)
- Siemens Energy to spin off industrial business (compressortech2.com)
- Siemens Energy is starting preparations for business area Transformation of Industry to become a standalone company (tradingview.com)