Siemens AG
Siemens Aktiengesellschaft: Siemens sets future course with Vision 2020+
Siemens Aktiengesellschaft / Key word(s): Strategic Company Decision Munich, August 1 2018
Siemens sets future course with Vision 2020+ The organizational level of the current Divisions will be eliminated, the regional organization realigned to further increase its customer orientation, and company headquarters streamlined. Below the Group level, there will be three Operating Companies and three Strategic Companies. The new structure will go into effect at the start of the new fiscal year on October 1, 2018. Implementation will proceed step-by-step and is to be completed by March 31, 2019. The company’s Building Technologies Division (BT), Energy Management Division (EM), Power and Gas Division (PG), Digital Factory Division (DF) and large parts of its Process Industries and Drives Division (PD) will be combined to form three new Operating Companies. The Business Units of the company will also be set up newly in a more focused manner. The current Siemens Financial Services Division will be bundled together with Global Business Services and Real Estate Services to form the Service Companies. The optimization of Siemens’ service portfolio is expected to considerably enhance efficiency. Siemens Corporate Technology and, among other things, the company’s small and medium enterprises (SMEs) will be centrally managed by Corporate Development. On the one hand, the SMEs comprise equity stakes that are currently held in centrally managed portfolio activities (CMPA). On the other hand, they also include operating businesses. In the future, Company Headquarters will be considerably leaner, and some of its tasks and employees will be transferred to other units. Headquarters will focus on core tasks (Finance, Governance & Markets, Legal and Compliance, Human Resources and Communications). With the newly formed Business Unit for IoT Integration Services Siemens is expanding its IoT platform offering to provide comprehensive support to customers in their digital transformation.
Contact: Sabine Reichel Head of Siemens Investor Relations Werner-von-Siemens-Str. 1 80333 Munich +49 (0) 89-636-32474 investorrelations@siemens.com
01-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Siemens Aktiengesellschaft |
Werner-von-Siemens-Str. 1 | |
80333 München | |
Germany | |
Phone: | +49 (0)89 636-00 |
Fax: | +49 (0)89 636-1332474 |
E-mail: | investorrelations@siemens.com |
Internet: | www.siemens.com |
ISIN: | DE0007236101 |
WKN: | 723610 |
Indices: | DAX, EURO STOXX 50, |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |