Siemens kicks off work on giant green hydrogen plant
MUNICH, 12 hours, 38 minutes ago Siemens has held the official groundbreaking ceremony in Wunsiedel, Germany marking the start of construction of one of the largest green hydrogen plants in the country with a capacity of 8.75 megawatts (MW). The facility will produce up to 1,350 tons of hydrogen per year using only renewable energy, for example from solar or wind power. Using the generated hydrogen in transportation and industry allows for CO2 savings of up to 13,500 annually. Siemens Smart Infrastructure is the general contractor for the entire plant, with Siemens Financial Services (SFS) participating in the equity financing as well as holding a share of 45 percent in the operating company WUN H2 GmbH. The electrolyzer will be supplied by Siemens Energy
Provided by Dow Jones Siemens s net profit surpasses company-provided consensus China made a significant contribution to revenue growth The German engineering conglomerate raises guidance for its fiscal year By Mauro Orru Siemens AG said Friday that net profit for the second quarter of fiscal 2021 rose thanks to the performance of its industrial businesses and the sale of its mechanical-drives business Flender. China made a significant contribution to revenue growth. The German engineering conglomerate said net profit for the quarter ended March 31 climbed to 2.27 billion euros ($2.74 billion) from EUR652 million a year earlier. Siemens closed the sale of its Flender business to investment company Carlyle Group Inc. in March, booking a gain of EUR900 million.
Provided by Dow Jones By Mauro Orru Siemens AG said Friday that net profit for the second quarter of fiscal 2021 soared thanks to the performance of its industrial businesses and the sale of its mechanical-drives business Flender. The German engineering conglomerate said net profit for the quarter ended March 31 climbed to 2.27 billion euros ($2.74 billion) from EUR652 million a year earlier. Siemens closed the sale of its Flender business to investment firm Carlyle Group Inc. in March, booking a gain of EUR900 million. Adjusted earnings before interest, taxes and amortization for its industrial businesses rose to EUR2.09 billion from EUR1.59 billion, with a corresponding margin of 15.1%.
Siemens Healthineers Completes Acquisition of Varian
The transformative combination accelerates the company’s impact on global healthcare and establishes a strong partner for customers and patients along the entire cancer care continuum and for many of the most threatening diseases
April 15, 2021 Siemens Healthineers AG announced that it has successfully completed the acquisition of Varian Medical Systems, Inc. The acquisition was previously announced on August 2, 2020.
“With Varian, Siemens Healthineers has the most comprehensive portfolio in the MedTech sector, which offers the company considerable potential for value creation. With a highly integrated approach, Siemens Healthineers will take the global fight against cancer to a new level,” said Prof. Ralf P. Thomas, M.D., Chairman of the Supervisory Board of Siemens Healthineers AG.