Siemens Energy

The Federal Government on Saturday announced that the mega transformers it ordered under the Presidential Power Initiative had successfully undergone a factory acceptance test at Siemens’ transformers factory in Trento, Italy. It also…

Siemens (SIEGn.DE) is planning to keep a 45% stake in its energy business which the German engineering group wants to spin-off later this year, two people close to the matter said on Monday. Siemens plans to give its owners one Siemens…

Siemens (SIEGn.DE) on Friday said it expected “even stronger impacts” from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter. The trains to…