Konzernumbau: Siemens Energy will Sparte TI verselbstständigen

Siemens Energy plans to make its Transformation of Industry (TI) division independent, aiming to provide the business unit with greater entrepreneurial flexibility and additional opportunities for growth. The company announced this decision, stating that the division delivers industrial solutions, compressors, and electrolyzers.

According to sources, Siemens Energy may take on external investors or conduct a capital market transaction to fund the separation. The company intends to focus on power generation and transmission, but the TI division is already speculated to be spun off. This division differs significantly from other Siemens Energy business areas, catering primarily to industrial customers, employing around 17,000 employees, and providing energy infrastructure, oil industry compressors, and hydrogen electrolyzers.

In the previous fiscal year, the TI division generated around €5.7 billion in revenue. Currently, the TI division competes with other Siemens Energy sectors in terms of investment, as the business unit is not among the fastest-growing areas. Siemens Energy CEO Christian Bruch commented on the decision, stating that failing to adjust their structure would limit the TI division's growth potential.

Short-term investment gains are expected to be higher in the power generation and transmission sectors, according to Bruch. Bloomberg previously reported that several financial investors showed interest in participating in the TI division's potential valuation of over €10 billion.