Siemens is splitting off some of its units through alliances and joint ventures which can allow them to grow. Siemens has high quality businesses which can trade at higher valuation as stand-alone companies. MindSphere can benefit from new alliances ...
FRANKFURT, Germany - Industrial equipment maker Siemens AG says net profit for the most recent quarter rose 7 percent to 1.46 billion euros ($1.72 billion) - and announced an extension of CEO Joe Kaeser's contract until 2021.
German train maker Siemens AG is tempering expectations of an imminent deal with Bombardier Inc. to combine their rail businesses, saying it is "not in a hurry" to strike an agreement that would challenge industry colossus CRRC Corp.
Siemens AG and Bombardier Inc. are in advanced to talks to combine their train-making businesses, according to people familiar with the matter, as they aim to fend off stiffer competition from consolidating rivals in China.