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The Latest Breaking News from Siemens

White House Says Companies Investing $700 Million to Boost EV Charger Production

The White House said on Tuesday that companies are planning to invest more than $700 million to boost US manufacturing capacity for electric vehicle (EV) chargers - actions set to add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen…

Asharq Al-Awsat

Siemens Acquires Brightly Software For $1.6B Cash Plus Earn-Out

Clearlake Capital Group, L.P. has agreed to sell Brightly Software, Inc. to Siemens AG (OTC:SEIGY) for $1.875 billion, with $1.575 billion upfront cash consideration and $300 million in cash earn-out payments. Brightly is a software-as-a-service provider of cloud-based enterprise asset management and facility operations management and was acquired by Clearlake in June 2019.…

Benzinga

Spanish expansion for tech unicorn Matillion adds to UK and US bases

Matillion works with the likes of Tui, Travis Perkins, Ikea, Amazon and Siemens

Birmingham Post

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Governments, firms make new bet on green hydrogen as climate fix

The number of green hydrogen projects worldwide has increased more than three-fold in less than a year.

Al Jazeera

Digital Valley to host 5G innovation centre

Advanced Info Service (AIS), the country's biggest mobile operator by subscriber base, has collaborated with the Digital Economy Promotion Agency (Depa) to launch the country's first 5G innovation centre and laboratory located at Thailand Digital Valley in the Eastern Economic Corridor (EEC).

Bangkok Post

Glasgow's most viewed properties across the city as house prices rise

Glasgow house prices have risen over the recent years but that hasn't stopped people from buying as the market continues to prove to be competitive - Here are the most viewed properties in the city.

Glasgow Live

Siemens Mobility Wins $8.7 Billion High-speed Rail Deal in Egypt

Egypt has signed a contract with industrial manufacturing company Siemens' rail and traffic unit and its consortium partners to build about 2,000 kilometers of high-speed railways, the German group said on Saturday. The deal between Egypt's National Authority for Tunnels (NAT) and a consortium of Siemens Mobility, Orascom Construction and…

Asharq Al-Awsat

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Siemens puts UK headquarters up for sale with near £9m price tag

The office was designated the HQ for operations in Siemens GB&I in 2019

Birmingham Post

Russia-Ukraine war: What happened today (May 12)

A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

WEKU

German industrial giant Siemens is leaving Russia after nearly 170 years

The company first arrived in Russia in 1851 to deliver devices for a major telegraph line. It primarily does maintenance work on high-speed trains these days — though it's now winding down operations.

WEKU

Siemens to withdraw from Russia after 170 years

The German company has already taken a €600 million hit from sanctions on Russia

Evening Standard

Earnings Preview: Siemens

Siemens (OTC:SIEGY) is set to give its latest quarterly earnings report on Thursday, 2022-05-12. Here's what investors need to know before the announcement. Analysts estimate that Siemens will report an earnings per share (EPS) of $0.91.

Benzinga

Best smart dishwashers for easy and energy-efficient cleaning

“Hey Alexa, turn my dishwasher on”

Evening Standard

RaisE-ing the rail game for the North - new business centre 'opens doors to sector for SMEs'

£8m Goole investment sits beside Siemens Mobility's new train manufactruring plant

Birmingham Post

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RideApart

Siemens And Nexii Introduce Pre-Fabricated EV Charging Stations

Siemens partners with green construction technology company Nexii to present the VersiCharge XL pre-fabricated charging station concept.

The Guardian - US

Blinken on Ukraine: ‘Suffering is likely to get worse before it gets better’ – as it happened

US secretary of state in Brussels for Nato meeting on Ukraine crisis where he condemns Russian ‘attacks on civilians’ – follow all the latest

Benzinga

Siemens Expands US Manufacturing Footprint With $54M Investment

Siemens AG (OTC:SIEGY) plans to invest $54 million in existing and new sites in Texas and California that develop electrical equipment for critical infrastructure systems, including EV charging, data centers, and industrial installations. The investment also encompasses a soon-to-be chosen manufacturing location for EV charging equipment, spurring domestic manufacturing of Level 2 charging.…

Asharq Al-Awsat

Japan’s Toshiba CEO Steps Down amid Restructuring Efforts

Toshiba’s Chief Executive Satoshi Tsunakawa is stepping down, as the embattled Japanese technology giant seeks to restructure and restore its reputation. Tsunakawa will be replaced by Taro Shimada, an executive officer and corporate senior vice president, under a decision made at a Toshiba board meeting Tuesday, the Tokyo-based company said.…

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Birmingham Post

North East tech firms help Siemens build factory and warehouse robot

Gateshead's Parmley Graham and Sunderland's AR Controls have partnered with the engineering giant to target a £2.3bn market

The Guardian - UK

Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians

Massive leak reveals Swiss bank’s accounts have been used by an array of high-risk clients over several decades

InsideEVs

Siemens, Ford Collaborate On F-150 Lightning Charge Station Pro

We examine the announcement that the Ford Charge Station Pro, an 80-amp EVSE developed in collaboration with Siemens, has received UL certification.

The Guardian - UK

Dan Evans obituary

Other lives: Senior team leader in the healthcare research and development arm of Siemens

Benzinga

Siemens Clocks 17% Revenue Growth In Q1; Discloses Asset Divestment Plans

Siemens AG (OTC:SIEGY) reported first-quarter FY22 revenue growth of 17% year-on-year to €16.5 billion. Orders rose 52% Y/Y to €24.2 billion. Orders increased 42%, and revenue rose 9% on a comparable basis. Profit Industrial Business increased 12% Y/Y, to €2.5 billion, and the corresponding profit margin came in at 15.7% (Q1 2021: 16.5%). The basic…

The Independent UK

Germany's Siemens sees profit up 20%, raises dividend

Germany Siemens AG saw net profit at the global maker of trains and industrial equipment rise 20% to 1.8 billion euros in the last three months of 2021

The Guardian - UK

Wall Street drops as interest rate rises loom after US inflation hits 7.5% – as it happened

Rolling coverage of the latest economic and financial news

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