Siemens

Volkswagen sold a minority stake in its electric vehicle charging division, Electrify America, to Siemens in a deal that values the company at $2.45 billion. The two companies are jointly investing $450 million to double the number of Electrify America charging stations in the US and Canada by 2026. (The news was first reported by The Wall Street Journal.) The news comes amid a spike in EV sales in the US — although they still only represent a fraction of overall car sales. It also comes as the Biden administration,…

Volkswagen has agreed to sell a minority stake in its U.S. electric-vehicle charging business to Siemensin a transaction that provides $450 million in new money and values the charging network at $2.45 billion, the companies said Tuesday.Bringing Siemens into Volkswagen’s Electrify America LLC generates additional funding to drive an expansion of EV charging that aims to more than double the number of charging stations that Electrify America operates across the U.S. and parts of Canada to 1,800 by 2026. Reston, Va.-based…

Wilfried Eckl-Dorna / Bloomberg: Siemens plans to buy Brightly, a North Carolina-based provider of buildings and infrastructure management software, from Clearlake Capital for $1.58B — Siemens AG will buy US firm Brightly Software for $1.58 billion to add digital services for buildings and infrastructure as the German company continues … Wilfried Eckl-Dorna / Bloomberg: Siemens plans to buy Brightly, a North Carolina-based provider of buildings and infrastructure management software, from…

Volkswagen is close to selling a minority stake in its U.S. electric-vehicle charge business to an arm of Siemensa deal that would value the network at more than $2 billion, according to people familiar with the matter.A sale of a stake in Volkswagen’s Electrify America LLC would generate additional funding as part of a plan to more than double the number of EV charging stations that Electrify America operates across the U.S. and parts of Canada to 1,800 by 2026. Reston, Va.-based Electrify America also offers EV…

Choose the best intelligent automation stock between Siemens and Yokogawa Electric, to invest in 2022 Emerging technologies like intelligent automation are armed with the advanced features of artificial intelligence, which pushes the boundaries for connecting more effectively with people, processes, and technologies to create and boost industry efficiency. Increased workload and changing work environments during the lockdown made it difficult for traditional business processes to deliver the best results for their…

With its highlight showcase – the SimRod e-car – Siemens shows the breadth and depth of its automation and digitalization portfolio. New Delhi: German multinational conglomerate corporation Siemens AG showcases its SimRod e-car highlighting the breadth and depth of its automation and digitalization portfolio. The SimRod allows visitors at the booth to experience the optimization of product and production over the entire life cycle. Siemens is also expanding its predictive services portfolio with an edge application at…

A train passes through a station in Egypt. The project involving Siemens Mobility will use trains that can reach a top speed of 230 kilometers per hour, and the line will be fully electrified.Paulvinten | Istock | Getty ImagesA new high-speed rail line is coming to Egypt, with developer Siemens Mobility saying it will link 60 cities across the country.The fully-electrified lines will see trains with a top speed of 230 kilometers per hour and travel from the Red Sea to the Mediterranean, among other destinations.According…

Fast News The 2,000-kilometre high-speed rail network will connect 60 cities throughout the country, according to the company. The consortium is expected to directly create up to 40,000 local jobs in Egypt. (Siemens)…

Meritor said it had agreed a deal with Siemens to acquire its commercial vehicles business for approximately EUR190 million in cash, adjusted for changes in working capital at closing. The transaction was expected to close by calendar year-end, subject to regulatory approvals and customary closing conditions. “The Siemens CV business offers capabilities and technology that will enhance our ability to offer superior electric solutions to the…