Siemens Energy

Siemens Energy AG is an energy company formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.[1]

This article is about the energy company. For the former energy sector of Siemens, see Siemens Energy Sector.
Siemens Energy AG
TypeAktiengesellschaft
FWB: ENR
DAX Component
IndustryEnergy technology
PredecessorSiemens AG
Founded1 April 2020 (2020-04-01)
Munich
HeadquartersMunich, Germany
Key people
Joe Kaeser
(Chairman)
Christian Bruch
(CEO)
Revenue€32 billion (2022)
Number of employees
91,000 (2022)
Websitewww.siemens-energy.com

Christian Bruch is the CEO, and the former CEO of Siemens AG, Joe Kaeser, is the chairman of the supervisory board.[2]

At an Extraordinary Shareholders' Meeting of Siemens AG on July 9, 2020, its shareholders approved the split-up of the company.[3] Trading of the shares of the new Siemens Energy AG on the Frankfurt Stock Exchange began on September 28.[4] As of June 2023, Siemens retains a stake of 25.1% in the company.[5]

History

The energy division has been an essential part of the company since the foundation of the group by Werner von Siemens and Johann Georg Halske. Important organizational milestones were the founding of Siemens-Schuckertwerke in 1903, the formation of the Power Engineering Division in 1969 in the newly founded Siemens AG, and the bundling of activities in the Siemens Energy Sector in 2008.[6]

Siemens Energy was created as an independent company in April 2020 as a result of a renewed restructuring of the Siemens Group. Siemens transferred its energy division to the new independent company for this purpose.[6]

Products

The Group's product range mainly includes:

References
  1. "Siemens baut fokussierten Energieriesen". Siemens AG.
  2. "Senvion: Paukenschlag bei Siemens - Sen wirft kurz vor Börsengang hin". www.manager-magazin.de.
  3. "Siemens-Hauptversammlung: Kaeser will keine Kohle mehr". www.manager-magazin.de.
  4. "Siemens' $18 billion energy spin-off falls in Frankfurt debut". Reuters. 2020-09-28. Retrieved 2020-09-30.
  5. "Siemens moves part of Siemens Energy holding to pension fund". Reuters. 2023-06-29. Retrieved 2023-07-07.
  6. "History | About Us | Siemens Energy Global". siemens-energy.com Global Website. Retrieved 2023-08-24.
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