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Siemens AG (SIEGn.DE)

SIEGn.DE on Xetra

100.10EUR
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Siemens Mobility And Thales To Deliver Signaling System For Grand Paris Express Future Metro Lines
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - THALES , SIEMENS ::SIEMENS MOBILITY AND THALES TO DELIVER SIGNALING SYSTEM FOR GRAND PARIS EXPRESS FUTURE METRO LINES.SIEMENS MOBILITY WILL DESIGN AND IMPLEMENT THE MOST ADVANCED GENERATION OF ITS CBTC FULLY AUTOMATED TECHNOLOGY.THALES WILL DESIGN AND IMPLEMENT OPERATING CONTROL CENTERS AND TRACKSIDE EQUIPMENT AND A SECURE COMMUNICATION NETWORK.TWELVE CONSTRUCTION AND COMMISSIONING PHASES ARE PLANNED THROUGHOUT THE CONTRACT.12 CONSTRUCTION AND COMMISSIONING PHASES: FIRST ONE WILL BE COMPLETED IN 2024, AND THE OTHERS BY 2030.  Full Article

Siemens To Acquire Russelectric
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Siemens AG ::SIEMENS TO ACQUIRE MASSACHUSETTS-BASED ELECTRIC INFRASTRUCTURE MANUFACTURER RUSSELECTRIC.SIEMENS AG - TERMS OF THIS TRANSACTION ARE NOT DISCLOSED..SIEMENS - TO WHOLLY-OWN RUSSELECTRIC, WHICH WILL OPERATE AS "RUSSELECTRIC, A SIEMENS BUSINESS." .  Full Article

TRIL Urban Transport, Siemens Project Ventures Awarded Contract By Pune Authority
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - TRIL Urban Transport, Siemens Project Ventures::CONSORTIUM OF TRIL URBAN TRANSPORT AND SIEMENS PROJECT VENTURES GMBH HAS BEEN AWARDED CONTRACT BY PUNE METROPOLITAN REGION DEVELOPMENT AUTHORITY.  Full Article

Novatek signs partnership agreement with Siemens
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Russian natural gas producer Novatek says it has signed a strategic partnership and cooperation agreement with Siemens ::The parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects..The scope of cooperation includes LNG supply, downstream and power generation, large-, mid- and small-scale LNG liquefaction plants and other topics of mutual interest..Novatek plans to significantly increase production of natural gas and LNG..Interested in developing the whole natural gas value chain to enhance the competitive advantages of our scalable low-cost LNG projects.."We are going to expand this cooperation not only in Russian Federation, but also in other countries," said Leonid Mikhelson, Novatek's Chairman of the Management Board..  Full Article

Alstom Completes Transfer Of Interests In Three Energy Joint Ventures
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Alstom ::ALSTOM COMPLETES TRANSFER OF INTERESTS IN THREE ENERGY JOINT VENTURES TO GENERAL ELECTRIC.ALSTOM SAYS IT HAS RECEIVED A TOTAL CASH PAYMENT OF 2.594 BILLION EUROS.ALSTOM SAYS THE PROCEEDS WILL BE USED TO SUPPORT THE COMPANY'S STRATEGY DEVELOPMENT.ALSTOM SAYS PART OF THE PROCEEDS WILL BE USED TO PAY OUT AN EXTRAORDINARY DISTRIBUTION OF UP TO 4 EUROS PER SHARE.  Full Article

Siemens Gamesa Wins Contract To Build Eight Wind Farms In Spain
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Siemens Gamesa ::SAYS MANDATED TO SUPPLY 233 MW AT EIGHT WIND FARMS IN SPAIN.SAYS IN TOTAL THE COMPANY WILL DELIVER 70 OF ITS WIND TURBINES IN THE PROVINCES OF ZARAGOZA (31) AND VALLADOLID (39).  Full Article

Siemens Hr Chief Says Aiming To Complete Most Of The Planned Job Cuts In The Next 2 Years
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Siemens AG ::HR CHIEF SAYS AIMING TO COMPLETE MOST OF THE PLANNED JOB CUTS IN THE NEXT 2 YEARS.  Full Article

Siemens, Bentley Systems Strengthen Strategic Alliance
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Siemens AG ::SIEMENS AND BENTLEY SYSTEMS STRENGTHEN THEIR STRATEGIC ALLIANCE AND JOINT INVESTMENT INITIATIVES.JOINT INVESTMENT INITIATIVE EXTENDED BY AN ADDITIONAL €50 MILLION, TOTALING €100 MILLION.IN ADDITION, THE SIEMENS STAKE IN BENTLEY SYSTEMS NOW EXCEEDS 9 PERCENT.  Full Article

Siemens Buys U.S.-based Mendix for EUR600 Mln
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Siemens AG ::SAYS ACQUIRES MENDIX TO STRENGTHEN LEADING POSITION IN DIGITAL ENTERPRISE.SAYS ACQUIRES MENDIX FOR EUR600 MILLION.SAYS TRANSACTION EXPECTED TO BE COMPLETED IN Q1 OF FISCAL 2019.  Full Article

Drax Signs 40 Mln Stg Contract With Siemens For Turbine Upgrades
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Drax Group PLC ::DRAX GROUP PLC - DRAX SIGNS £40 MILLION CONTRACT WITH SIEMENS FOR TURBINE UPGRADES.DRAX GROUP PLC - WORK ON TURBINE UPGRADES, WHICH STARTS IN 2019, WILL TAKE 3 YEARS TO COMPLETE, WITH 1 BIOMASS UNIT BEING UPGRADED EACH YEAR.  Full Article

UPDATE 1-Iraq lines up GE and Siemens for power infrastructure work

BAGHDAD, Oct 21 Iraq has signed agreements with General Electric and Siemens (SIEGn.DE) over potential deals to develop the country's power infrastructure, the electricity ministry said on Sunday.