Siemens Energy Plans to Carve Out Transformation of Industry Unit

Siemens Energy announced preparations to legally and operationally separate its Transformation of Industry division, a significant move designed to reshape the German energy technology group’s strategic focus. The division currently employs approximately 17,000 people and generated €5.7 billion in revenue in fiscal 2025.
Following the separation, Siemens Energy intends to establish the unit as an independent company and explore new ownership structures potentially involving outside i