|Bid||1,186.00 x 0|
|Ask||1,186.70 x 0|
|Day's range||1,172.70 - 1,194.45|
|52-week range||841.00 - 1,196.00|
|Beta (3Y monthly)||1.25|
|PE ratio (TTM)||46.87|
|Forward dividend & yield||7.00 (0.62%)|
|1y target est||N/A|
Volkswagen has selected Siemens as its integration partner to help connect its 122 plants to Amazon's cloud in an effort to raise efficiency in production, the two German companies announced on Friday. "Siemens will play a key role in ensuring that machinery and equipment of different manufacturers at the 122 Volkswagen plants are networked efficiently in the cloud," they said in a joint statement, without giving financial terms. Volkswagen on Wednesday said it has teamed up with Amazon Web Services to link up and integrate data from plants, machines and systems, as a way to improve and standardise its production systems and processes.
Siemens and China's State Power Investment Corp (SPIC) plan to co-operate on energy plants in the latest move by the German engineering company to revive its ailing gas turbines business. The strategic partnership follows speculation that Siemens is looking to find a joint venture partner for the business, where sales and profit have collapsed amid falling demand and cut-throat price competition. China is one of the few remaining markets for gas turbines, which have lost ground elsewhere due to the increasing popularity and cheapness of renewable power generation.
ZURICH/MUNICH (Reuters) - Siemens wants to present a solution for its struggling turbine business by the time the company holds a capital markets day for investors on May 8, two sources told Reuters on Thursday. The sources said discussions between Siemens and possible joint venture partner Mitsubishi Heavy Industries had intensified recently but they said Siemens was also looking at other options for the business where sales and profit have collapsed. Germany's Manager Magazine has reported that Siemens could enter a joint venture with the Japanese company for building large gas and steam generators while keeping the profitable service business.
MUNICH (Reuters) - Siemens wants to present a solution for its turbine unit by the time of its capital markets day on May 8, two sources said on Thursday after a report said the industrial group was exploring ...
MUNICH (Reuters) - German industrial group Siemens filed the most patent applications in Europe last year, pushing China's Huawei into second place, the European Patent Office said on Tuesday. Siemens ...
Russia's RDIF sovereign wealth fund and a unit of Germany's Siemens signed an agreement on working together on a 300 billion rouble ($4.5 billion) high-speed rail link between the Russian cities of Chelyabinsk and Yekaterinburg, RDIF said on Friday. The deal was signed by RDIF and Siemens Mobility on the sidelines of the Munich Security Conference, RDIF said.
BRUSSELS/ZURICH (Reuters) - Siemens and Alstom's plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges. The European Commission also rejected a bid by German copper company Wieland-Werke AG to buy a business unit from Aurubis, Europe's biggest copper smelter, similarly arguing the deal could have pushed up prices for consumers. The two vetoes are likely to spur efforts by France and Germany to loosen EU competition rules so as to take a more global than solely European view of mergers and potentially to allow EU ministers to have a say.
ZURICH (Reuters) - Siemens said it regretted the European Commission's decision to block the merger of its rail business with France's Alstom and would now assess "all options" for the future ...
Siemens wants to turn a gas turbines partnership with China's State Power Investment Corporation (SPIC) into a formal contract, the German company's Chief Executive Joe Kaeser said on Wednesday. Siemens and SPIC last year agreed a memorandum of understanding to cooperate on developing technology for heavy-duty gas turbines and provide training and technical consultation for SPIC.
Siemens will accept defeat if the European Union rejects its pleas to allow it to combine with Alstom to create a powerful Franco-German rail business. Having offered a series of concessions to answer competition concerns, Siemens will not pursue the deal at any costs and instead make new plans for its trains business, Chief Executive Joe Kaeser said before the German company's annual meeting in Munich on Wednesday. If it works it will be good for Europe, Siemens, Alstom, and for customers," Kaeser said.
MUNICH (Reuters) - Siemens is "unlikely" to make a renewed attempt to win European Union approval for its planned merger of rail businesses with Alstom's should the current attempt fail, Siemens ...
So what do the events in the UK House of Parliament last night actually mean for Brexit? By sending PM Theresa May back to Brussels to demand things that she has no hope of getting, it makes a chaotic ...
Jan 30 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason and Helen Reid. Reach them on Messenger to ...
Siemens Chief Executive Joe Kaeser called on European antitrust authorities not to be "backward looking technocrats" and approve the German company's planned rail mega-merger with France's Alstom. "Now it's up to the antitrust authorities to make a decision," Kaeser told journalists on Wednesday. Siemens has presented a "very balanced concept" for the tie-up, Kaeser said, which would be good for all participants.
Wind turbine maker Siemens Gamesa forecast better profitability and said prices were stabilising on Tuesday, sending its shares as much as 9 percent higher. The company formed by a merger between Spain's Gamesa and the wind power business of Siemens stuck to its guidance for an earnings before interest and tax (EBIT) margin of 7 to 8.5 percent for the full year. Chief Executive Marcus Tacke told analysts on a conference call he expects a stronger second half to the year, after the company said its EBIT margin for the October-December quarter fell to 6.1 percent from 6.3 percent.
BERLIN (Reuters) - If new concessions that Alstom (ALSO.PA) and Siemens (SIEGn.DE) have offered on their proposed rail business merger do not completely remedy problems raised by a market inquiry, the ...
Siemens and Alstom on Friday beefed up concessions aimed at allaying EU antitrust concerns about their rail merger deal, a person familiar with the matter said, in a belated and possibly futile move to stave off an EU veto against the deal. German company Siemens and French peer Alstom have said their deal aims to help them better deal with China's state-owned CRRC Corp Ltd, an assertion dismissed by the European Commission. The companies, which offered to licence parts of Siemens's high-speed train business and sell parts of their signalling operations, are now prepared to share Siemens' high-speed train technology for 10 years instead of five in Europe, the source said.
Alstom and Siemens will make no further concessions on the proposed tied-up of their rail business to secure the approval of EU antitrust regulators, French Finance Minister Bruno Le Maire said on Tuesday. With support from the French and German governments, the two groups are trying to win approval from the European Commission for the deal, but sources familiar with the matter have told Reuters they have failed to win over the EU antitrust enforcer. "Alstom and Siemens will make no additional concessions that could weaken the two groups," Le Maire said in response to a question by a lawmaker in the French Senate.
MUNICH (Reuters) - Siemens (SIEGn.DE) Chief Executive Joe Kaeser said on Monday it was important to have a dialogue based on trust with European Competition Commissioner Margrethe Vestager about a planned ...
The European Commission would make an "economic error and political mistake" if it were to block the merger of Alstom's and Siemens' rail businesses, said French Finance Minister Bruno Le Maire, shortly before meeting the EU's competition chief. Le Maire said the French and German governments were fully behind the merger, as were Alstom Chief Executive Henri Poupart-Lafarge and his Siemens counterpart Joe Kaeser.
The European Union must approve the tie-up between Germany's Siemens (SIEGn.DE) and French group Alstom (ALSO.PA), said French Finance Minister Bruno Le Maire, who added he would meet a main European regulator to express his support for the deal. Le Maire told France's Journal du Dimanche newspaper that he would meet European Competition Commissioner Margrethe Vestager on Jan. 21 to reiterate France's backing for the deal. "Rejecting the merger between Alstom and Siemens would be both an economic and a political mistake," Le Maire said in the interview that was published on Sunday.
Siemens (SIEGn.DE) and Alstom's (ALSO.PA) plan to create a European rail champion to take on a Chinese rival has failed to win over EU antitrust regulators despite German and French backing, people familiar with the matter said on Friday. The EU veto, to be announced early next month, could push Siemens to float its own in-house rail technology division, called Siemens Mobility, while keeping a stake. Germany and France support the deal, saying it would help secure the competitiveness of the European rail industry.
Siemens (SIEGn.DE) will not make further concessions to save a rail merger deal with France's Alstom (ALSO.PA) even after European competition authorities demanded further concessions, sources familiar with the matter said. Siemens is ready to walk away from the tie-up which was announced in Sept. 2017, a source familiar with the matter said. Siemens has already offered to license parts of its high speed train business and sell parts of its signalling operations to meet the concerns of the EU authorities who are worried about stifling competition in the rail sector.
BRUSSELS, Dec (Shanghai: 600875.SS - news) 20 (Reuters) - Britain's CMA competition watchdog and its counterparts in the Netherlands, Belgium and Spain have teamed up against Siemens (BSE: SIEMENS.BO - news) and Alstom (EUREX: 2229080.EX - news) , saying they "fall far short" of addressing concerns over their rail deal. In an unusual move, the four national regulators set out their case against the companies' plan to create a Franco-German rail champion in a joint public letter on Thursday to European Competition Commissioner Margrethe Vestager.
BRUSSELS/FRANKFURT (Reuters) - Siemens (SIEGn.DE) and Alstom (ALSO.PA) have offered to sell either one of their high-speed train technology to address EU antitrust concerns about their plan to create a Franco-German rail champion, people familiar with the matter said on Monday. The other element of their proposal to the European Commission includes selling the bulk of Alstom's signalling business in Europe in addition to some Siemens signalling assets, one of the people said. German industrial group Siemens and French rival Alstom put in their offer last week, saying that it was made up mainly of signalling activities and stock products which made up around 4 percent of the sales of the combined company.