Siemens Acquires Life Sciences R&D Software Provider Dotmatics for $5.1 Bn

Siemens has announced that it has officially signed a definitive agreement to acquire Dotmatics for $5.1 billion, marking a major expansion into AI-powered Life Sciences R&D Software.

Dotmatics, a Boston-based company, specializes in multi-modal data management and scientific intelligence platforms, which will now integrate with Siemens' Digital Twin technology to accelerate drug development and research.

This acquisition aligns with Siemens' ONE Tech Company growth program, reinforcing its leadership in industrial software and expanding its AI-driven Product Lifecycle Management (PLM) portfolio. The deal is being financed primarily through **the sale of shares in listed companies, including Siemens Healthineers.

This acquisition could significantly impact scientific innovation and industrial AI applications.

“The acquisition of Dotmatics drives strong revenue synergies and is highly profitable and cash generative. Financing will be provided primarily through the sale of shares in listed companies, including Siemens Healthineers,” said Ralf P. Thomas, CFO of Siemens AG.

“Following an exciting journey with Insight Partners, where Dotmatics achieved remarkable growth and portfolio expansion, we are thrilled to announce our new chapter with Siemens,” said Thomas Swalla, CEO of Dotmatics. “Combining our next-generation scientific intelligence platform and industry-leading scientific applications together with Siemens' Digital Twin and AI capabilities, we’ll drive a new wave of innovation in life sciences R&D. Together, we'll accelerate innovation cycles for our customers and help scientists make breakthrough discoveries faster than ever before shaping the future of scientific innovation.”

Life Sciences presents an attractive complementary software market opportunity and expands Siemens’ industrial software total addressable market by $11 billion. This market is driven by structural shifts, such as increased medication need driven by aging societies and improved access to medicine, new treatment options from advancing science and the necessity for increased collaboration and visibility across complex value chains. These trends underscore the need for digital transformation, with software spending expected to double over the next five years.

Siemens' expansion within Life Sciences aligns with its strategic goal to accelerate customer innovation across the top industries with the highest R&D spend.

The acquisition is part of the investment track of Siemens’ ONE Tech Company program and following last week’s closing of Altair’s acquisition, yet another milestone. This growth program enables Siemens to further expand its market position and reach the next level of performance and value creation. Through acquisitions like this, as well as R&D investments into areas including software, AI-enabled products, connected hardware and sustainability, Siemens is clearly prioritizing capital allocation to strategic growth fields. The acquisition of Dotmatics enables Siemens to scale its technologies into Life Sciences and to fully address growth opportunities in this market. It will allow Siemens to combine its comprehensive manufacturing expertise, industrial simulation and AI capabilities with Dotmatics’ leading complementary applications, creating a first-of-its-kind end-to-end digital thread that connects data from research through to production in Life Sciences.

Siemens Completes Acquisition of Altair Engineering Inc.

Siemens announced today that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately USD 10 billion.

Siemens announced the Altair acquisition in November last year.

With this acquisition, Siemens extends its leadership in simulation and industrial artificial intelligence (AI) by adding new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI. The addition of the Altair team and technology to Siemens will further enhance the most comprehensive Digital Twin and make simulation more accessible, so companies of any size can bring complex products to market faster.

“We welcome the Altair community of customers, partners and colleagues to Siemens. Adding Altair’s groundbreaking innovations to the Siemens Xcelerator platform will create the world's most complete AI-powered design, engineering and simulation portfolio. Together, we will help our customers to innovate at the scale and speed that today's complexity-driven world demands,” said Roland Busch, President and CEO of Siemens AG. “Through the ONE Tech Company program, we will extend our leadership in industrial software. This enables all industries to benefit from the revolution driven by data and AI.”

Integrating Altair’s capabilities in the areas of simulation, HPC, data science, and AI enhances the ability of Siemens to drive more efficient and sustainable products and processes. Now, all Siemens customers, from engineers to generalists, will have access to new simulation expertise, can optimize their high-performance computing processes, create new AI tools and perform data analytics to help accelerate innovation and digital transformation for companies of all sizes.

The acquisition of Altair is part of Siemens’ ONE Tech Company program and will meaningfully increase Siemens’ digital revenue share. This growth program enables Siemens to further expand its strong market position and reach the next level of performance and value creation. Through acquisitions like this, as well as R&D investments into areas including software, AI-enabled products, connected hardware and sustainability, Siemens is clearly prioritizing capital allocation to strategic growth fields.

With the completion of the acquisition of Altair as well as the recent expansions of Siemens’ factories in California and Texas, Siemens has now invested over USD 100 billion into the United States in the past 20 years.

Siemens and London Varsity's Innovative Use of River Thames to Save 258 Tons of Carbon Emissions Annually

The River Thames is one of the most iconic rivers in the world, flowing through southern England, including the heart of London. Stretching approximately 346 kilometers (215 miles), it is the longest river entirely in England and the second-longest in the United Kingdom after the River Severn.

A new innovative initiative by University of East London (UEL) in partnership with Siemens Smart Infrastructure is using the river Thames' heat for projects for the University of East London's net-zero campus highlight its role in combating climate change.

The River Thames serves as a heat source due to its stable water temperature, which remains relatively constant throughout the year. This stability makes it an excellent candidate for heat exchange systems like Water Source Heat Pumps (WSHPs), which extracts energy from the water and turns it into heat, even when the water temperature is lower than the air temperature

Even at low temperatures, water contains thermal energy. The River Thames, being a large body of water, stores significant amounts of this energy.

Taking a significant step toward sustainability, the University of East London (UEL) is harnessing the River Thames to power its net-zero campus. In collaboration with Siemens, UEL is installing a state-of-the-art Water Source Heat Pump (WSHP) at its Docklands Campus.

This innovative system will replace traditional gas boilers, significantly reducing carbon emissions by 258 tons annually.

The Innovative System

The WSHP system uses submerged pipes in a closed-loop system to extract the natural heat from the river. The heat is then transferred to a refrigerant, which amplifies it through a compression cycle.

The amplified heat is used to warm buildings, while the cooled water is returned to the river without disrupting its ecosystem.

The WSHP uses a closed-loop system to extract natural heat from the River Thames without disrupting the river's ecosystem. This project aligns with UEL's goal of achieving the lowest carbon emissions per student in the UK by 2026 and reaching net-zero emissions by 2030.

Beyond environmental benefits, the initiative is expected to save the university over £500,000 annually (approximately US $645,000 and  ~ INR ₹ 5.62 crore) in utility costs and has already inspired green employability programs, internships, and research opportunities. It also supports the Mayor of London's vision for a sustainable and greener city.

The new WSHP is set to be the largest fitted at any university in the UK and will power the university’s Docklands Campus Library and Royal Docks Centre for Sustainability buildings, replacing existing gas boilers.

This innovative use of the river Thames not only reduces reliance on fossil fuels but also supports sustainability goals, as seen in projects like the University of East London's net-zero campus initiative

What technology does the Water Source Heat Pump (WSHP) use?

Water Source Heat Pumps (WSHPs) utilize advanced heat exchange technology to provide efficient heating and cooling. Here's how they work:

1. Heat Exchange Process: WSHPs extract heat from a water source, such as a river, lake, or well, using a closed-loop system. This system circulates water through a heat exchanger, where heat is absorbed or released depending on the heating or cooling needs.
2. Refrigeration Cycle: The pump uses a refrigerant to amplify the heat transfer process. This cycle allows the system to efficiently move heat from the water source to the building or vice versa.
3. Energy Efficiency: By leveraging the stable thermal properties of water, WSHPs achieve higher energy efficiency compared to air-source systems, especially in colder climates.
4. Environmental Benefits: These systems reduce reliance on fossil fuels, significantly lowering carbon emissions and contributing to sustainability.

This innovative technology is not only eco-friendly but also cost-effective, making it a popular choice for modern heating and cooling solutions.

Siemens Announces $10.6 Bn Acquisition of Altair

Siemens has announced a $10.6 billion deal to acquire Altair Engineering, a leading provider of engineering software. This acquisition is aimed at boosting Siemens' presence in the industrial software market, particularly in areas like simulation, data science, high-performance computing, and artificial intelligence.

The offer price of $113 per share represents a premium of about 18.7% to Altair's closing price on October 21, 2024. This deal is expected to close in the second half of 2025, following regulatory approvals and other customary closing conditions.

This acquisition aligns with Siemens' strategy to enhance its digital and sustainability transformations by combining the real and digital worlds. It's expected to create the world's most complete AI-powered design and simulation portfolio.

It is to be noted that upon completion of the acquisition, Altair’s common stock (Nasdaq: ALTR) will no longer be listed on any public stock exchange.

Further, the acquisition is expected to significantly strengthen Siemens' position in the industrial software market. Altair's expertise in simulation, data science, high-performance computing, and artificial intelligence complements Siemens' existing capabilities.

The industrial software market, currently valued at $21.5 billion, is expected to grow at an annual rate of 16.7%. Siemens aims to capture a larger share of this growing market through this acquisition.

“This acquisition represents the culmination of nearly 40 years in which Altair has grown from a startup in Detroit to a world-class software and technology company. We have added thousands of customers globally in manufacturing, life sciences, energy and financial services, and built an amazing workforce, and innovative culture,” said James Scapa, Altair’s founder and CEO. “We believe this combination of two strongly complementary leaders in the engineering software space brings together Altair’s broad portfolio in simulation, data science, and HPC with Siemens’ strong position in mechanical and EDA design. Siemens’ outstanding technology, strategic customer relationships, and honest, technical culture is an excellent fit for Altair to continue its journey driving innovation with computational intelligence.”

Besides Altair, Siemens, via it's spinoff Siemens Healthineers, acquired medical device maker Varian Medical Systems, in 2020, for $16.4 billion, aimed at expanding Siemens Healthineers' capabilities in cancer care. Siemens also acquired Flender, a provider of mechanical drive systems, for €900 million in 2020. This acquisition aimed to expand Siemens' capabilities in the energy and automation sectors.

In other notable industrial software acquisitions, Broadcom announced its plan to acquire VMware for whopping $61 billion, in 2023. This deal aims to create a leading infrastructure technology. Cisco acquired Splunk for $28 billion in the same year 2023, enhancing its capabilities in data and security analytics.

IBM acquired Octo Consulting Group for $1.3 billion in 2022, expanding its government IT modernization services.

These acquisitions reflect the ongoing consolidation and growth in the industrial software market, driven by the increasing demand for advanced technologies like AI, data analytics, and cybersecurity solutions.

Siemens Stiftung Launches Open Digital Resource to Scale Up STEM Education in India's Schools

STEM Education for Innovation: Experimento India project offers digital Open Education Resources that would benefit students from low-income communities

Siemens Stiftung (Foundation), a non-profit foundation established by Siemens AG in 2008, has recently entered into a Memorandum of Understanding (MoU) with Siemens Limited to deploy Experimento India in schools.

Experimento India is a collaborative project launched by Siemens Stiftung, Siemens Limited (India), and Pratham Education Foundation.

Experimento India's digital Open Education Resources (OER), integrated into Project Jigyaasa of Siemens Limited will be accessible to all school students.

The OER are integrated into Siemens Limited's Project Jigyaasa, which is active in over 170 government schools.

Experimento from Siemens Stiftung offers a diverse range of multimedia materials: from video activities for project-based learning, lesson plans for educators, student worksheets, quizzes and question banks. Its integration with Project Jigyaasa (curiosity-based learning initiative), will further enhance the learning outcomes in STEM (Science, Technology, Engineering, and Mathematics) subjects. Pratham Foundation is the project implementation partner.

Sunil Mathur, Chief Executive Officer, Siemens Limited, said, “India’s young population requires extensive hands-on learning and skilling to harness its full potential. Siemens Limited's strategy on education is based on a lifecycle approach and aligned to the Skill India mission of the Government.”

Dr. Nina Smidt, CEO and Spokesperson of the Board, Siemens Stiftung, said, “Having worked in Africa, Europe, and Latin America for over 15 years, we have experienced that students learn best from resources that are rooted in their contexts. The digital learning materials are adapted from our internationally acclaimed education program Experimento to the needs and requirements of Indian students. The resources are co-created with Indian academic experts, teachers and families and offered to students in their mother tongues. Thereby, breaking language barriers to learning science and technology.”

Siemens AG May Acquire Altair Engineering in Its Biggest Ever Acquisition

Siemens AG is reportedly considering acquiring Altair Engineering Inc., a leading provider of engineering software. This potential acquisition, valued at approximately $9.1 billion, would be one of Siemens' largest to date. Altair is known for its software solutions used in industries such as aerospace, automotive, energy, and financial services.

Siemens' CEO, Roland Busch, has been steering the company towards higher-margin, software-driven product lines, making this acquisition a strategic fit. The move aligns with Siemens' goal to enhance its capabilities in providing comprehensive engineering solutions and to catch up with competitors like Rockwell Automation and Schneider Electric.

While Siemens is actively exploring the acquisition of Altair Engineering Inc., there are reports indicating that other potential bidders could also emerge for Altair. Both Siemens and Altair have declined to comment on the matter, and discussions are still ongoing.

While discussions are ongoing, there's no guarantee that Siemens will ultimately decide to proceed with the acquisition.

Siemens AG's most recent major acquisition was the purchase of Varian Medical Systems in August 2020. Siemens Healthineers, a subsidiary of Siemens AG, acquired Varian for approximately $16.4 billion. This acquisition aimed to strengthen Siemens' position in the medical technology and cancer care market.

Altair reported strong financial results for the third quarter of 2023, with software product revenue increasing by over 14% year-over-year.

Last month, Altair itself made an acquisition with KSK Analytics, to expand its AI reach in Japan and the Asia Pacific region.

It was in last week when Indianweb2.com reported that Altair Engineering is currently exploring a potential sale. The company, which has a market value of nearly $9 billion, has received acquisition interest and is working with investment bankers to gauge interest from potential bidders.

Siemens and NVIDIA Deepens Collaboration for Industrial Metaverse

• New product connects Siemens Xcelerator with NVIDIA Omniverse Cloud APIs to build collaborative, real-time, physically based visualization driven by generative AI
• At NVIDIA GTC, Siemens and NVIDIA will join with HD Hyundai to highlight how integrated visualization helps offer greater understanding and insights

Siemens has just announced that it will deepen its collaboration with NVIDIA to help build the industrial metaverse. The industrial metaverse is the concept of a digital world to mirror and simulate real machines and factories, buildings and cities, grids and transportation systems. By seamlessly integrating technologies like cloud and edge computing, industrial AI and digital twins, the industrial metaverse can optimize processes and drive sustainable practices, ultimately shaping the future beyond simulation.

Siemens is bringing immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology. At the NVIDIA GTC, Siemens and NVIDIA demonstrated how generative AI can revolutionize the visualization of complex data, making photorealism possible, and showcased how sustainable shipbuilder HD Hyundai can use it to develop new products.

“We will revolutionize how products and experiences are designed, manufactured and serviced. On the path to the industrial metaverse, this next generation of industrial software enables customers to experience products as they would in the real world: in context, in stunning realism and – in the future – interact with them through natural language input,” said Roland Busch, President and CEO of Siemens AG. “In collaboration with NVIDIA, we will bring accelerated computing, generative AI, and Omniverse integration across the Siemens Xcelerator portfolio.”

“Omniverse and generative AI are driving massive transformation for industrial enterprises,” said Jensen Huang, founder and CEO of NVIDIA. “Siemens is bringing NVIDIA platforms to their customers and opening new opportunities for industry leaders to build the next wave of AI-enabled digital twins at every scale.”

In the next phase of this collaboration, Siemens will release a new product later this year for Teamcenter® X, Siemens’ industry-leading cloud-based Product Lifecycle Management (PLM) software, part of the Siemens Xcelerator platform. Powered by NVIDIA Omniverse technologies, it will provide engineering teams with the ability to create an Ultra-intuitive, photorealistic, real-time, and physics-based digital twin that eliminates workflow waste and errors.

Setting up and adjusting details in photorealistic renderings – such as material definitions and lighting environments, along with other supporting scenery assets – will be accelerated dramatically using generative AI. Tasks that previously took days can be completed in hours, with engineering data contextualized as it would appear in the real world. In addition to engineering, other stakeholders – from sales and marketing teams to decision-makers and customers – will benefit from the deeper insight and understanding of real-world product appearance, enabling more informed and quicker decision-making.

In collaboration with NVIDIA, Siemens demonstrated the creation of real-time, photorealistic visualization for HD Hyundai, a market leader in sustainable ship manufacturing. HD Hyundai has been developing ammonia- and hydrogen-powered ships, a complex process requiring oversight of ships that can contain over seven million discrete parts. HD Hyundai can use the new product to unify and visualize these massive engineering datasets interactively.

“We have long trusted Siemens Teamcenter for product lifecycle management. Based on this trust and through this new collaboration, we will be able to visualize and interact with the digital twin of ships while utilizing generative AI to create objects and HDR backgrounds for better understanding of projects in context. This will be beneficial in many ways, as it will reduce errors, improve customer experience, and also save time and cost,” said Taejin Lee, Chief Information Officer & Chief Digital Officer, HD Hyundai.

Siemens Provides Electrification for Indian Railways’ Longest Rail Tunnel

State-of-the-art rail electrification technologies for 42-kilometer-long stretch on Udhampur-Srinagar-Baramulla Rail Link including the longest rail tunnel (12.8 kilometers) at Pir Panjal range

Siemens Limited  has provided rail electrification technologies for a 42-kilometer-long stretch, including the longest rail tunnel (12.8-kilometers) at Pir Panjal range, on the Udhampur-Srinagar-Baramulla Rail Link, announced the German technology company in an official press release.

The Electrification project is part of the Jammu-Udhampur-Katra-Quazigund-Baramulla Railway line of the Indian Railways, the largest construction of mountain railway line since India’s independence, with a length of 345 kilometers and at a height of approximately 1,700 meters above sea level.

The Udhampur-Srinagar-Baramulla Rail Link (USBRL) is a 272-kilometer railway project that connects the Kashmir valley with the Indian Railways network. The project aims to connect remote Himalayan areas with the rest of India.

Siemens Limited’s scope included the design, engineering, supply, installation, testing and commissioning of 25kV overhead equipment and associated works.

Gunjan Vakharia, Head of Mobility Business, Siemens Limited, said, “We are extremely proud to be associated with this project, which is of national importance. The installation team overcame challenges such as extreme temperatures and unexplored terrain to ensure a successful execution of the project. We would like to thank the Indian Railways for their continued trust and support to Siemens.”

Siemens Limited is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, to transform the everyday for people. Siemens Limited is the flagship listed company of Siemens AG in India. As of September 30, 2023, Siemens Limited had Revenue from continuing operations of Rs. 17,701 crore and 8,888 employees.

Siemens, sureCore and Semiwise to Develop Quantum Computer Ready Cryogenic Semiconductor Designs for Extreme Cold Conditions

Collaboration between Siemens, sureCore and Semiwise to develop cryogenic semiconductor designs capable of operating in extreme cold conditions required for quantum computing

Siemens Digital Industries Software, a business unit of Siemens, has announced its collaboration with sureCore and Semiwise to develop groundbreaking cryogenic CMOS circuits capable of operating at temperatures near absolute zero – a fundamental component of quantum computing systems. The joint effort holds the potential for dramatic advances in both performance and power efficiency for next-generation integrated circuits (IC) targeting quantum computing – considered the leading edge in the high-performance computing (HPC) research and development.

The key to unlocking the potential of quantum computing for HPC and other fast-growing applications lies in the availability of control electronics capable of operating at cryogenic temperatures. Using advanced analog/mixed-signal IC design technology from Siemens, Semiwise has developed cryogenic CMOS circuit designs featuring cryogenic SPICE models as well as SPICE simulator technology that can perform accurate analyses at cryogenic temperatures.

Semiwise is providing this intellectual property (IP), developed using Siemens’ Analog FastSPICE (AFS), to sureCore for the development of sureCore’s revolutionary line of CryoIP, which aims to enable the design of CryoCMOS control chips seen as crucial for unlocking the commercial potential for quantum computing.

In the development of its CryoIP product line, sureCore also used Siemens’s Analog FastSPICE platform and Siemens’ Solido™ Design Environment software, both of which demonstrated reliable and accurate operation at cryogenic temperatures, empowering sureCore to construct analog circuits, standard cell libraries, and memory designs including SRAM, register files, and ROM, using Semiwise’s cryogenic transistor models. Further, Siemens’ Analog FastSPICE software showcased exceptional capabilities in handling foundry device models at cryogenic conditions, helping deliver efficient analog, mixed-signal, and digital circuit design and verification functionality without convergence issues. The result is a high level of accuracy and performance, setting the stage for potentially groundbreaking advancements in quantum computing.

sureCore is rapidly progressing towards its first CryoIP tapeout, leveraging GlobalFoundries' 22FDX® PDK.

Paul Wells, CEO of sureCore, underscored the pivotal role of this partnership. "The critical storage element and the bit cell must essentially be treated as an analog circuit that is highly sensitive to process variability and mismatch,” said Wells. “When we develop new memory designs and their associated compilers, we need to run thousands of statistical circuit simulations to guarantee the yield and reliability of our IP. Our partnership with Siemens EDA has enabled us to leverage Siemens' Custom IC verification technology to build robust cryogenic IP cores, specifically tailored for Quantum applications."

"This partnership symbolizes Siemens' unwavering dedication to advancing the quantum computing domain,” said Amit Gupta, general manager and vice president of the Custom IC Verification Division, Siemens Digital Industries Software. “The groundbreaking technologies and solutions developed have the potential to redefine the boundaries of high-performance computing."

Siemens' Analog FastSPICE platform, powered by technology from Siemens’ Analog FastSPICE eXTreme™ platform, offers cutting-edge circuit verification for nanometer analog, radio frequency (RF), mixed-signal, memory, and custom digital circuits. It holds foundry certifications across all major foundries and is qualified across various process nodes, from mature to the most advanced. Siemens' Analog FastSPICE platform offers a comprehensive use model, including small signal, transient, RF, noise, aging, and multi-sim verification capabilities, with drop-in compatibility with industry-standard SPICE-based flows. This all-encompassing solution boasts high performance, capacity, and flexible features.

Siemens' Solido Design Environment plays a pivotal role by providing a comprehensive cockpit for nominal and variation-aware analysis and encompasses SPICE-level circuit simulation setup, measurements, regressions, waveforms, and statistical results analysis. Powered by AI technology, Solido Design Environment assists users in identifying optimization paths to improve circuit power, performance, and area - facilitating production-accurate statistical yield analysis, reducing runtime compared to brute-force methods.

Siemens Digital Industries Software helps organizations of all sizes digitally transform using software, hardware and services from the Siemens Xcelerator business platform. Siemens' software and the comprehensive digital twin enable companies to optimize their design, engineering and manufacturing processes to turn today's ideas into the sustainable products of the future. From chips to entire systems, from product to process, across all industries. Siemens Digital Industries Software – Accelerating transformation.

Note: A list of relevant Siemens trademarks can be found here. Other trademarks belong to their respective owners. sureCore, SureFIT and When low power is paramount are trademarks of sureCore Limited. Other trademarks belong to their respective owners. 

Intel and Siemens to Collaborate on Advanced Semiconductor Manufacturing

• Siemens and Intel to collaborate to advance semiconductor manufacturing production efficiency and sustainability across Scopes 1 to 3 of the value chain.
• Semiconductors are crucial for the global economy and for lowering carbon footprints across economies by enabling sustainable solutions.
• Intel and Siemens will leverage their respective portfolios of cutting-edge IoT solutions, along with Siemens automation solutions to enhance semiconductor manufacturing efficiency and sustainability.

Siemens AG, a leading technology company, and Intel Corporation, one of the world’s largest semiconductor companies, have signed a memorandum of understanding (MoU) to collaborate on driving digitalization and sustainability of microelectronics manufacturing. The companies will focus on advancing future manufacturing efforts, evolving factory operations and cybersecurity, and supporting a resilient global industry ecosystem.

Cedrik Neike (left), CEO of Digital Industries and member of the Managing Board of Siemens AG, and Keyvan Esfarjani, executive vice president and chief global operations officer at Intel Corp., pose for a photo outside Intel’s headquarters in Santa Clara, California, in December 2023. The photo followed the signing of a memorandum of understanding by Intel and Siemens to collaborate on driving digitalization and sustainability of microelectronics manufacturing. advance global manufacturing efforts. (Credit: Intel Corporation)

“Semiconductors are the lifeblood of our modern economies. Few things run without chips. Therefore, we’re proud to collaborate with Intel to quickly advance semiconductor production. Siemens will bring its entire cutting-edge portfolio of IoT-enabled hardware and software and electrical equipment to this collaboration,” said Cedrik Neike, CEO of Digital Industries and member of the Managing Board of Siemens AG. “Our joint efforts will contribute to achieving global sustainability goals.”

The MoU identifies key areas of collaboration to explore a variety of initiatives, including optimizing energy management and addressing carbon footprints across the value chain. For instance, the collaboration will explore use of “digital twins” of complex, highly capital-intensive manufacturing facilities to standardize solutions where every percentage of efficiency gained is meaningful.

The collaboration will also explore minimizing energy use through advanced modeling of natural resources and environmental footprints across the value chain. To gain more information on product-related emissions, Intel will explore product- and supply chain-related modeling solutions with Siemens that drive data-based insights and help the industry accelerate progress in reducing its collective footprint.

“The world needs a more globally balanced, sustainable and resilient semiconductor supply chain to meet the increasing demand for chips,” said Keyvan Esfarjani, Intel Executive Vice President and Chief Global Operations Officer. “We are excited to build upon Intel’s advanced manufacturing capabilities by expanding our collaboration with Siemens to explore new areas where we can utilize Siemens’ portfolio of automation solutions to enhance efficiency and sustainability in semiconductor infrastructure, facilities, and factory operations. This MOU will benefit regional and global industry value chains.”

Sustainable practices across the entire semiconductor lifecycle, including design, manufacturing, operation, efficiency, and recycling, are critical for meeting growing demand for powerful, sustainable chips. Technology has the power to accelerate solutions to reduce computing-related climate impacts across the technology industry and the rest of the global economy. Automation and digitalization hold the key to addressing the challenges as the industry drives toward net-zero greenhouse gas emissions. By combining their strengths and expertise, Siemens and Intel are poised to lead the way in driving positive

change. 

Siemens To Acquire 18% in Its India Unit for $2.28 Bn, To Separate Energy Business from Siemens India

Siemens today announced in a press release that it intends to acquire 18% in Siemens Ltd. India for a purchase price of 2.1 billion euro or US$2. 28 Billion. For the acquisition, Siemens and Siemens Energy will jointly propose to the Board of Directors of Siemens Ltd. India to separate the energy business by way of a demerger.

"Simplification of corporate setup in one of the fastest growing and strategically important markets," said the German multinational technology conglomerate, in the announcement.

Siemens has agreed with Siemens Energy indirect financial measures totaling one billion euro to allow third parties to arrange guarantees for Siemens Energy

"Siemens AG has taken measures to support the stability of Siemens Energy AG and accelerate separation in India – in the best possible interests of all parties," said the company.

Siemens intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for a purchase price of 2.1 billion euro in cash. This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from existing 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%.

With the proposed acquisition, Siemens and Siemens Energy accelerate unbundling the business activities of the Indian subsidiary of Siemens. The purchase price reflects a customary discount of 15% on the 5-trading-days volume-weighted average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy.

“Together, we shaped a solution that is in the best possible interests of all parties and accelerates the separation of Siemens and Siemens Energy in India. Besides the immediate cash inflow, we are also enabling an additional line for customer guarantees, making a strong overall contribution to the future stability and growth of Siemens Energy,” said Roland Busch, President and Chief Executive Officer of Siemens AG.
“For our shareholders, the accelerated demerger of Siemens Ltd. India’s energy activities will further sharpen the portfolio focus of Siemens. It also simplifies and strengthens our corporate structure in India, a fast-growing and strategically important market.”

Proposal to initiate demerger procedures in India

As part of the spin-off in 2020, Siemens and Siemens Energy did not separate their businesses in India as it was not feasible at that time. As a next step, Siemens and Siemens Energy have agreed to propose to the Board of Directors of Siemens Ltd. India a demerger of the energy business. Siemens Energy is to ultimately acquire a controlling stake in the demerged energy business. The aim is to complete the demerger in 2025 – significantly earlier than previously planned.

Measures to facilitate Siemens Energy customer guarantees

Siemens has agreed with Siemens Energy indirect financial measures totaling one billion euro to allow third parties to arrange guarantees for Siemens Energy. Firstly, Siemens allows Siemens Energy to use its 5% shareholding in Siemens Ltd. India, worth 750 million euro, as collateral for guarantees. If the collateral is drawn, Siemens has committed to buy up to 5% of shares in Siemens Ltd. India for 750 million euro. Secondly, Siemens grants payment deferrals at market conditions in the amount of 250 million euro, also to be used as collateral for guarantees. These commitments enable Siemens Energy to provide appropriate collateral for the bank consortium providing a guarantee line. This line serves to secure Siemens Energy's business development and participation in the German energy transition.

Siemens Energy was created as an independent company in April 2020 as a result of a renewed restructuring of the Siemens Group. Siemens transferred its energy division to the new independent company for this purpose.

Last month, Siemens share price dropped sharply, by 39%, in German market after the company announced it was seeking German government guarantees, following quality problems with rotor blades and gears in its newer onshore wind turbines.

Indian Railways Selects Siemens to Manufacture 1,200 Electric Locomotives

Hon’ble Prime Minister of India laid the Foundation Stone on 20th April 2022 at Railway’s Factory at Dahod, Gujarat

1200 Electric Locomotives will be Manufactured over a Period of 11 Years

Indian Railways has issued the Letter of Award (LoA) for Manufacturing and Maintenance of 9000 HP Electric Freight Locomotives to Siemens, India.

As a technology partner, Siemens will provide training to Railway Staff at Dahod for manufacturing the 9000 HP locomotives and at four depots at Vishakhapatnam, Raipur, Kharagpur and Pune for maintenance of the locomotives over the design life of 35 years.

Railways factory at Dahod, Gujarat, will manufacture 1200 high horse power (9000 HP) electric locomotives over a period of 11 years. It would entail manufacturing of 1200 locomotives and maintenance of these locomotives for 35 years.

The estimated value of contract is about INR 26000 Crore (about 3.2 Billion USD), excluding taxes and price variation.

Agreement with Siemens India will be signed within 30 days of issue of LoA. The proto-type locomotives are to be delivered in the coming two years.

Dahod Unit will be fully constructed for manufacturing these locomotives within a period of two years. Siemens, selected as technological partner, will manufacture these locomotives at Dahod and maintain these locomotives at four maintenance depots - Vishakhapatnam, Raipur, Kharagpur, Pune for a period of 35 years utilising Railway’s Manpower.

These 9000 HP locomotives will be the future workhorse for freight operation on Indian Railways. These locomotives are planned for use primarily on Western DFC and on graded sections of Railways for hauling container freight trains in double stack configuration of 4500 Tonnes at 75 kmph at 1 in 200 gradient and improve the average speed of such trains to around 50-60 kmph over the existing 20-25 kmph.

The quantum jump in the operating parameters will lead to increase in the throughput and also enhance line capacity. These locomotives, equipped with state of the art IGBT based propulsion technology, will provide savings in energy consumption due to regenerative braking technology.

Suitable economic drivers will ensure complete indigenization of the manufacturing which in turn will lead to development of ancillary manufacturing units making it a true ‘Make in India’ initiative.

The project will also lead to development of the Dahod region and generate employment. Dahod is a city on the banks of the Dudhimati River in Dahod District in the State of Gujarat.

Infosys Collaborates with Siemens Gamesa Renewable Energy to Digitally Transform its Operations by Implementing SAP S/4HANA in 50+ Countries

BENGALURU, India, Feb. 2, 2021 /PRNewswire/ -- Infosys (NYSE: INFY), the global leader in next-generation digital services and consulting, has been selected by Siemens Gamesa Renewable Energy (SGRE), a global leader in the renewable energy industry, as a strategic partner for SAP S/4HANA implementation to deliver a globally harmonized ERP system. The implementation will enable Siemens Gamesa to become an agile, global organization driving digitalization, while enhancing its digital capabilities, offering, and competitive positioning.

Infosys successfully implemented a Greenfield SAP S/4HANA solution across 7 countries, replacing 2 legacy ERP systems. Infosys and Siemens Gamesa teams co-engineered and built a solution template that helped reduce redundancy across business processes and technology landscapes in record time. The solution is designed to enhance business efficiency across the value chain and reduce time-to-market. This transformation will enable real-time reporting, a digitally enabled workforce, reduced go-to-market time and is the core of Siemens Gamesa's next-generation applications landscape. Siemens Gamesa has further engaged Infosys for an industrialized rollout across 50+ countries, 22 manufacturing plants covering all business units (including onshore, offshore, services and corporate functions), leveraging Infosys Cobalt.

Alan Feeley, CIO of Siemens Gamesa, said, "Implementing a single S/4HANA system across all business units and regions is a core component of our company-wide strategy towards process efficiency, standardization and industrialization. These first go live steps across 7 countries, supporting all business types, have proven the value of the greenfield approach chosen, achieving a stable productive environment around Hybrid Azure cloud by Infosys. This single and global setup provides an almost Zero "change the standard" approach giving confidence towards sustainable cost management & upgrade proofing for the future. Infosys has demonstrated admirable 'staying power' and has delivered a solid product whilst fulfilling our expectations of being a partner in full."

Jasmeet Singh, EVP and Global Manufacturing Head, Infosys, said, "An efficient ERP system is critical for business continuity, especially today. Our strategic partnership with Siemens Gamesa will take their digital transformation journey to its next phase as we work towards delivering innovation via business process harmonization and technology leadership, leveraging Infosys Cobalt. We believe, this collaboration will enable SGRE to achieve stronger market positioning in the post-pandemic world."

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

To Support Innovation in Healthcare Startups, Nasscom partner Siemens Healthineers

Medical technology firm Siemens Healthineers and the industry body Nasscom on Thursday said they have entered a partnership for collaboratively nurturing innovation in healthcare startups.

Siemens Healthineers and Nasscom's Center of Excellence for IoT & AI (internet of things and artificial intelligence) will work with the Indian startup ecosystem to make healthcare more accessible and affordable, the partners said in a joint statement.

Through this partnership, the startup ecosystem in India will benefit from the global experience of the Siemens Healthineers Technology Accelerator in collaborating with businesses that are working on cutting-edge technologies in the areas of imaging, diagnostics and digital health leveraging AI, internet of medical things (IoMT) and robotics, it added.

The technology accelerator in India will facilitate collaboration between business lines of Siemens Healthineers and the startups through proof-of-concept or co-creation projects with a potential to result in joint development, commercial partnership or supplier engagement, the statement said.

Siemens Healthineers will support the startups in further validating their solutions, providing domain expertise and enabling access to technology building blocks, it added.

"A global crisis at this level has led to downturns, however, it has also led to business disruptions and transformations which have opened a plethora of opportunities to tenacious entrepreneurs," National Association of Software and Service Companies (Nasscom) President Debjani Ghosh said.

Indian startups have continued to prove their resilience by developing solutions that would help society cope with the pandemic on a daily basis, she added.

Siemens Healthineers will also be a member of the advisory committee for Nasscom Center of Excellence's Lifesciences and Healthcare Innovation Forum (LHIF) to provide guidance in driving the innovation agenda in the healthcare industry, the statement said.

Siemens Healthcare Pvt Ltd MD and President Gerd Hoefner said, “This is an important milestone for our large research and development set-up in India”.

By combining Siemens Healthineer's technology leadership and its comprehensive portfolio with Nasscom's connect with the community, this partnership will strengthen the ecosystem and enable it to create new value for the healthcare industry, he added.

Siemens to Launch its Startup Accelerator 'Next47' in Bengaluru, India

German multinational giant firm, Siemens has opened an office for its separate startup unit 'Next47', a global Venture Capital & Private Equity firm backed by Siemens, in Bengaluru on Monday, to help connect its customers to start-up innovation in India, reported Business Today.

Next47 partners with industry-changing start-ups to multiply their value through the power of Siemens and thereby focusing on innovation and start-ups to enhance digitalisation offerings.

This year, Next47 has launched an internal accelerator program which the firm runs in partnership with Alchemist, a a San Francisco-headquartered, venture-backed business incubator focused on accelerating startups whose revenue comes from enterprises. Th accelerator is platform for Siemens intrapreneurs to develop their business ideas with the support of an unrivaled network of coaches and mentors in order to build the next generation of innovation for Siemens.

Next47 also has a partnership with seed accelerator Techstars to develop the next-generation of Siemens entrepreneurs with the later's 3-month accelerator program.

According to Next47 website, the firm has great connections with a global ecosystem of customers and partners and abundant financial resources with its $1.2 billion global venture fund.

Next47 works with startups who are using deep technologies such as artificial intelligence, augmented and virtual reality, cybersecurity, autonomous driving, Internet of Things (IoT), robotics, and advanced manufacturing, to solve industry's most difficult and fundamental challenges.

[caption id="attachment_130763" align="aligncenter" width="1000"] Siegfried Russwurm, Member of the Managing Board and Chief Technology Officer of Siemens AG[/caption]

Dr Roland Busch, Chief Operating Officer, Chief Technology Officer and Member of the Managing Board, Siemens AG, said in a media statement, "About 4,000 Internet of Things (IoT) and software experts, along with the work done at the Siemens MindSphere Application Centers based in Pune, Noida and Gurgaon, will collaborate with teams around the world to conceptualise, develop, test and bring-to-market applications in the areas of Smart Urban Infrastructure, Digital Enterprise, Connected Mobility, Future of Energy and Artificial Intelligence."

"There is continuity of Government in India and sectors like infrastructure, mobility, grid connectivity, modernisation of power plants, railway, renewables etc is going to get a good revival and these are sectors that will show good growth in the coming years," said Roland Busch.

He said Siemens had committed over a billion euro investment in India in 2015 and those investments are being done in the country.

Speaking on the sidelines of Siemens Innovation Day in Mumbai on Monday, Sunil Mathur, Managing Director and Chief Executive Officer of Siemens Limited, said, "India needs to harness digitalisation to optimise manufacturing growth and we are seeing acceleration in interest and demand from customers for our digitalisation portfolio. IoT enabled applications are the need of the hour and will focus on contributing to customers' efforts to maximise the potential with digitalisation through data insights."

Next47 has its presence in Beijing, Boston, Israel, London, Munich, Palo Alto, Paris, Stockholm and now Bengaluru, India.