Siemens Energy starts separation of Transformation of Industry into standalone company globally; Possible external investors with minority stake

Siemens Energy is starting preparations for business area Transformation of Industry to become a standalone company

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Products Circuit breakers Compressors Control systems Disconnectors Electrical solutions Electrolyzer Energy storage FACTS Gas-insulated switchgear Gas turbines Generators Grid automation HVDC HV substations Offshore grid connections Overhead line solutions Power plants Rotating grid stabilizers Steam turbines Subsea Surge arresters Transformers

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Siemens Energy is starting preparations for business area Transformation of Industry to become a standalone company

Objective is to create an independent industrial energy solutions company with greater entrepreneurial flexibility and growth opportunities Siemens Energy intends to explore new ownership structure of Transformation of Industry as second step with objective to deconsolidate The Transformation of Industry business comprises 17,000 employees, €5.7 billion in revenue, 11.3% profit margin (FY 2025) Siemens Energy to focus on power generation and power transmission

Objective is to create an independent industrial energy solutions company with greater entrepreneurial flexibility and growth opportunities

Siemens Energy intends to explore new ownership structure of Transformation of Industry as second step with objective to deconsolidate

The Transformation of Industry business comprises 17,000 employees, €5.7 billion in revenue, 11.3% profit margin (FY 2025)

Siemens Energy to focus on power generation and power transmission

Siemens Energy is starting preparations for the legal and operational separation of its Transformation of Industry business area. The goal is to establish the business as a standalone entity and create a strong, independent industrial energy solutions company. The future setup is intended to provide Transformation of Industry with greater entrepreneurial flexibility and additional options for further growth – ranging from bringing in external investors to a potential capital markets transaction. Siemens Energy intends to deconsolidate the business while retaining a meaningful minority stake to support the business’s continued development.

Transformation of Industry supports industrial customers around the world to operate their plants and processes more efficiently, more reliably and with lower emissions. The portfolio covers a broad range of technologies including industrial steam turbines, compressors, electrolyzers for hydrogen production, generators and motors, as well as maritime and subsea technologies, among others. In fiscal year 2025, its approximately 17,000 employees generated revenue of €5.7 billion.

Christian Bruch, President and Chief Executive Officer of Siemens Energy:

“Transformation of Industry has developed successfully over the past several years and is now a profitable, high-growth business. We see the potential for further profitable growth if we can accelerate the business’s continued development.”

Transformation of Industry to gain greater strategic flexibility

Within the current Group structure, Transformation of Industry competes for investment against businesses that are growing even faster. In addition, Transformation of Industry largely serves different markets than the rest of Siemens Energy. These markets – industries such as oil & gas, chemicals, process industries, paper, cement and maritime – are often faster-moving, more transactional and shaped by different customer needs. As a standalone entity, the business would be better positioned to respond at the pace these markets require.

Christian Bruch: “If we don’t change our structure, we limit what Transformation of Industry can achieve. Our current investment focus is on power generation and power transmission, with higher immediate payback.”

Transformation of Industry benefits from long-term growth trends such as energy efficiency and affordability, industrial electrification, decarbonization, digitalization and rising demand for security of supply. With strong positions in attractive markets such as oil and gas, process industries, data centers and maritime along with a broad technology and service portfolio, the business is well positioned to benefit from these long-term growth trends. A high service share of around 50% of total revenue provides stable, recurring earnings. With more than 85,000 units installed globally, the future company has a solid foundation for further international growth.

The business to be carved out will initially operate under Siemens Energy’s future brand, Omterra, once launched. It has a network of key manufacturing sites in Germany – including Duisburg (ca. 1,500 employees), Erlangen (ca. 700), Görlitz (ca. 650), Muelheim an der Ruhr (ca. 550), Nuremberg (ca. 550), Erfurt (ca. 550), Hamburg (ca. 250), Leipzig (ca. 200) and Berlin (ca. 150) – as well as in Europe, the United States, India, China, Brazil, Saudi Arabia, and other countries.

Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power and heat generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. Its wind power subsidiary Siemens Gamesa makes Siemens Energy a global market leader in renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 106,000 people worldwide in more than 90 countries and generated revenue of €39.1 billion in fiscal year 2025.

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