Siemens
The end of the secession era
When the Siemens Annual General Meeting on Wednesday marks the change in leadership of the industrial group from Joe Kaeser to Roland Busch, it will mark the end of an era that is far longer than the almost eight years that the Lower Bavarian has been at the helm of the company.
Kaeser has completed the reorganization that began under his predecessor Heinrich von Pierer in the 1990s.
The old industrial conglomerate, which manufactured telephones, washing machines, power plants, chips, medical devices, light bulbs and refrigerators, among other things, has become what Siemens calls a "focused technology company". Customers are not consumers but other companies. Anyone who buys a refrigerator with Siemens lettering on it today has had nothing to do with the company for a long time. Siemens also sold off its telephone systems, computers and cell phone divisions.
The Group has also repeatedly launched new companies on the stock market: Epcos, Infineon, Osram, Healthineers and Energy were floated, with varying degrees of success. Although Siemens still holds stakes in Healthineers and Energy, the conglomerate days are over.
The remaining company focuses primarily on three areas: Digital Industry, which looks after the automation of systems, Smart Infrastructure, which offers and connects energy systems and building technology, and Mobility, which manufactures trains and rail technology, among other things.
In fact, it is hardly conceivable to restructure even more without affecting the substance of the company, according to company circles. Moreover, Siemens is in a solid position and the share price is soaring. And the new boss has no personal reasons to restructure Siemens. He does not have to prove himself. His position in the company is far too strong for that. And last but not least, Busch has been a member of the Managing Board at Siemens since 2011 and was therefore not uninvolved in Kaeser's major restructuring. The era of major spin-offs should be over for Siemens.
You might also be interested in
A hybrid cloud initiative
Siemens, IBM and Red Hat are entering into a cooperation: Through a joint initiative, Siemens Digital Industries Software will use IBM's open hybrid cloud approach, which is based on Red Hat OpenShift.
read more...Billions in profit, new boss and a moved Joe Kaeser
Siemens CEO Kaeser hands over the company, which he has massively restructured in recent years, to his successor Roland Busch with a profit in the billions. He starts with a tailwind, which he has also provided himself.
read more...Siemens quarterly figures Q1/2021
Signs point to growth
Siemens today announced its figures for the first quarter of 2021. The Group management speaks of an excellent start and is significantly raising its forecast for the year.
read more...5G routers and lots of new things at the edge
An industrial 5G router, Industrial Edge as an end-to-end solution and robot programming in the TIA Portal - these are the innovations that Siemens is presenting at SPS Connect.
read more...Integration of all robot manufacturers in the TIA Portal
A new universal robot library for the TIA (Totally Integrated Automation) portal from Siemens replaces the previous, manufacturer-specific libraries. The specification was developed in close cooperation with various robot manufacturers.
read more...A European data ecosystem
In June, the French and German economy ministers presented the GAIA-X data initiative. What is behind the GAIA-X concept? What are the plans and tasks of the associated foundation? - The European data initiative from the perspective of an automation...
read more...The new Siemens Executive Board
On October 1, 2020, Siemens will change its Executive Board team. This is what it will look like.
read more...First control cabinet made of green steel
The Siemens subsidiary Alpha Verteilertechnik claims to offer the first control cabinet for industry made entirely of green steel.
read more...Siemens quarterly figures Q3-2024
Siemens confirms forecast with a "but"
Siemens is struggling with a weakening automation market in the third quarter. The software business, on the other hand, is developing strongly. It remains to be seen whether this will continue after the switch to a SaaS model.
read more...