Siemens AG

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Siemens AG is a technology company, which engages in the areas of automation and digitalization. It operates through the following segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services. The Digital Industries segment offers a product portfolio and system solutions for automation used in discrete and process industries. The Smart Infrastructure segment includes products, systems, solutions, services and software to support a transition from fossil to renewable energy sources. The Mobility segment combines all Siemens businesses in passenger and freight transportation. The Siemens Healthineers segment develops, manufactures, and sells diagnostic and therapeutic products, and services to healthcare providers. The Siemens Financial Services segment focuses on financing solutions for Siemens’ customers as well as other companies in the form of debt and equity investments. The company was founded by Johann Georg Halske and Werner von Siemens on October 12, 1847 and is headquartered in Munich, Germany.

Italian tax police arrested 13 people, including executives of the Italian units of Germany's Siemens and France's Alstom , in an investigation into alleged bribery relating to Milan subway contracts, prosecutors said on Tuesday.

Italy arrests Siemens, Alstom executives over Milan subway deals

IBM and Siemens' new solution strengthens IBM's asset management capabilities, which bodes well for the company's top-line performance in the coming days.

IBM Expands Partnership With Siemens to Launch New Solution

PLANO, Texas and ARMONK, N.Y., June 17, 2020 /PRNewswire/ -- Expanding on their long-term partnership, Siemens and IBM (NYSE: IBM) announce the availability of a new solution designed to optimize the Service Lifecycle Management (SLM) of assets by dynamically connecting real-world...

Siemens and IBM Deliver Service Lifecycle Management Solution

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Siemens AG (ETR: SIE) said on Friday that its industrial profit came in 18% lower in the second quarter. The company also withdrew its previous full-year guidance for 2020 and warned that the impact of the Coronavirus pandemic on its performance is expected to be more pronounced in the third quarter.

Siemens’ shareholders’ net profit tanks 64% as Coronavirus weighs on performance

Siemens  stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.

Siemens surges as cuts costs and presses on with energy IPO

Siemens  Chief Financial Officer Ralf Thomas said the moderate sales decline expected by the German industrial company for its 2020 business year would mean a decline of up to 5%.

Siemens sees sales decline of up to 5% for 2020 financial year

German industrial company Siemens  is accelerating its cost-savings programme to deal with the impact of the coronavirus pandemic, Deputy Chief Executive Roland Busch said on Friday.

Siemens steps up cost-saving programme to tackle coronavirus downturn

Siemens  expects "even stronger impacts" from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.

Siemens sees strongest coronavirus impact in next quarter as second-quarter profit plunges

Shares of Siemens Healthineers SHL, -0.80% were down 2.2% in trading on Friday after the company said it has developed an antibody test for COVID-19.

Siemens Healthineers prepares to launch COVID-19 antibody test

Spanish authorities have requisitioned 2,000 antibody tests procured by wind turbine maker Siemens Gamesa  and intended to check whether employees have been infected with the coronavirus, a labour union spokeswoman said on Tuesday.

Spain seizes virus tests bound for returning Siemens Gamesa workers: union

The economic blow from the Coronavirus pandemic to global businesses, as per experts, is unprecedented in history. Numberless businesses have resorted to cost-cutting strategies in the past two months including reducing workforce and temporarily suspending operations.

Siemens says it will not cut jobs due to the ongoing Coronavirus pandemic

Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany.

Siemens CEO rules out job cuts from coronavirus impact

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