|Bid||0.00 x 44200|
|Ask||0.00 x 100000|
|Day's range||138.14 - 139.82|
|52-week range||76.78 - 141.92|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||26.23|
|Earnings date||07 May 2021|
|Forward dividend & yield||3.50 (2.51%)|
|Ex-dividend date||04 Feb 2021|
|1y target est||N/A|
(Bloomberg) -- Siemens Healthineers AG is considering a sale of its ultrasound business, which could be valued at about $1 billion, according to people familiar with the matter.The German provider of medical equipment is weighing its options after receiving expressions of interest in the business, the people said, asking not to be identified discussing confidential information. A sale could attract private equity and strategic bidders, the people said.Deliberations are ongoing, the valuation could change and there’s no certainty of a transaction, according to the people. A representative for Siemens Healthineers declined to comment on a potential sale of the ultrasound business.“The central aim of the Siemens Healthineers Strategy 2025 is to secure our market leadership beyond 2025,” the representative said in an email.Shares in Siemens Healthineers closed down 0.57% at 46.98 euros in Frankfurt on Monday, giving the company a market value of 53 billion euros ($63 billion). The stock has risen by more than a quarter over the last 12 months.Siemens Healthineers’s ultrasound unit sits within its broader imaging division and produces a range of devices that can be used in everything from general scanning to advanced echocardiography. The market for these products declined moderately last year as demand for systems to diagnose and monitor Covid-19 was not enough to counter the drop in routine and elective procedures caused by the pandemic, Siemens Healthineers said in its annual report.A sale of the ultrasound unit would add to $161 billion worth of health-care transactions globally this year, according to data compiled by Bloomberg. That’s up more than 260% on the same period in 2020, when the coronavirus crisis was starting to put dealmaking across sectors on ice.Siemens Healthineers was involved in one of the largest medical acquisitions of 2020, when it agreed to buy Varian Medical Systems for about $16.4 billion in cash. The deal gives Siemens Healthineers a sizeable market share in the rapidly growing field of cancer treatment and helps the company chart a path toward joining Germany’s bluechip DAX Index.(Adds share move in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
German engineering group Siemens Energy aims for a slice of the $2.3 trillion U.S. President Joe Biden plans to spend on infrastructure, including power grids and renewables, as the company targets higher sales in its biggest market. Biden last week set out his plans for a transformation of the U.S. economy with massive spending on low carbon technology as well as more traditional infrastructure. For Siemens Energy, the United States accounts for $7 billion in revenues, or about a fifth of its total, but it sees great potential for growth, especially in offshore wind.
German engineering group Siemens Energy wants its slice of the $2.3 trillion U.S. President Joe Biden plans to spend on infrastructure, including power grids and renewables, as the company targets higher sales in its biggest market. "We see great opportunities for wind energy, onshore but above all in the area of offshore," Tim Oliver Holt, who is in charge of Siemens Energy's U.S. business, told Reuters, also pointing to transmission systems as a growth market. Siemens Energy, spun off from Siemens AG last year, makes about $7 billion in revenues in the United States, or about a fifth of its total, by selling gas and wind turbines, transmission systems as well as servicing power plants.