Siemens spins off energy business, shareholders to get one share for every share held

 

  • Siemens spins off energy business, shareholders to get one share for every share held

  • Post the demerger, Siemens Ltd will continue to focus on technology-focused development in infrastructure and industry segments, while the power generation segments, including renewable energy, will come under Siemens Energy India.
  • The demerger will enable both companies to pursue their specific strategies and make decisions on capital allocation
  • Plans for the demerger come at a time when India expects its power generation to grow at its fastest pace since at least 2011-2012 in fiscal 2025. Siemens AG has been eyeing future investments in the country that is seeing higher grid upgrades and electrification programmes.
  • The demerger of the energy business is part of a global strategy set in motion in 2020 when Siemens AG had demerged its energy business globally.
  • The energy business of the Indian entity is engaged in providing fully-integrated products, solutions and services across the energy value chain of oil and gas production, power generation and transmission for various customers such as utilities, independent power producers and engineering, procurement and construction companies
  • The rationale for the demerger is to ensure that both the entities can focus on their respective core activities, portfolios and capital allocation. “This will enable both businesses to have independent and focussed management and adopt a clear, direct and tailored go-to-market and operational approach for the respective businesses to leverage the full potential of the Indian and export markets,”
  • Siemens Ltd will continue to be a leading technology-focused company in industry, infrastructure and mobility, and Siemens Energy India will focus on being the most-valued energy technology company supporting its customers and transitioning to a more sustainable workplace

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