Siemens

Competing on value, not cost: Why Singapore appeals to German manufacturers

They increasingly view the city-state not just as a sales outpost, but also as a base to serve the rest of South-east Asia

Siemens’ estimated revenue synergies were worth more than 400 million euros a year in the midterm, says the German group.

International

Siemens buys Italy’s Mermec businesses to strengthen rail tech portfolio

The German group says the deal will support the modernisation and digitalisation of the national rail network in Italy

Germany’s most valuable firm, which makes everything from trains to factory software and controls, has been pushing further into automation and artificial intelligence for the shop floor.

Companies & Markets

Siemens to buy back 6 billion euros of shares against tough backdrop

The buyback will extend over a period of up to five years

EDB's executive VP Cindy Koh (second from right) speaking at a panel session moderated by Siemen's customer communications project manager Christine Brunner (far left), alongside senior VP of Asean, digital industries Isabel Chong and CEO of Innowave Tech Xu Jinsong.

Asean Business

Asean’s manufacturing sector struggles to scale AI adoption – not for lack of awareness: panellists

Hurdles include concerns over returns on investment and integrating new technologies with legacy systems

The move to reduce its majority holding will help free Siemens up to look for more acquisitions.

International

Siemens lifts growth targets, will cut stake in MRI maker

The company will hand a 30% stake in its former medical equipment unit to its own shareholders

SP Group says the acquisition will enable it to expand its "critical engineering capabilities" for major projects, accelerate smart-grid technology deployment and better support the energy transition.

Companies & Markets

SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner

The joint venture between SP Group and Siemens was set up in 1996

Siemens has been grappling with a downturn in China that has dragged down sales of its factory-automation equipment.

Telcos, Media & Tech

Siemens revenue climbs on robust demand for rail products

Like most manufacturers, the German manufacturer is also contending with higher tariffs

At the MOU signing were (front, from left) Dr Thai Lai Pham, president and CEO of Siemens Asean; Professor Lim Keng Hui, assistant CEO of the science and engineering research council, A*Star; (back, from left) Dr Roland Busch, president & CEO Siemens; Dr Tan See Leng, Minister-in-charge of Energy and Science and Technology in the Ministry of Trade and Industry; and A*Star CEO Beh Kian Teik.

Asean Business

A*Star, Siemens launch manufacturing R&D collaboration in Asean

The partnership will focus on developing digital and AI-driven solutions to help manufacturers in Singapore and the region transition to more resilient and environmentally responsible operations

The US Commerce Department has informed Germany’s Siemens, that requirements to seek government licenses for business in China are no longer in place.

Telcos, Media & Tech

US lifts chip design export curbs as part of new China deal

Software from Cadence and Synopsys is used to design everything from the highest-end processors for the likes of Nvidia and Apple to simple parts such as power-regulation components

More than two decades ago, Siemens pivoted towards adding more software and data to its products and services.

Opinion & Features

Siemens is battling Big Tech for AI supremacy at factories

The German manufacturer is betting that industrial know-how will give it an advantage

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