Germany, Munich: Siemens Energy has started preparations to legally and operationally separate its Transformation of Industry business, with the aim of creating an independent industrial energy solutions company.
The business employs around 17,000 people and generated $6.6 B (€5.7 B) in revenue with an 11.3 % profit margin in fiscal 2025. Siemens Energy intends to explore a new ownership structure in a second step, with the objective of deconsolidating the business while retaining a meaningful minority stake.
Transformation of Industry serves sectors including oil and gas, chemicals, process industries, paper, cement, maritime and data centres. Its portfolio includes industrial steam turbines, compressors, electrolysers, generators, motors and subsea technologies.
CEO Christian Bruch said the business has become profitable and high-growth, but currently competes for investment with Siemens Energy businesses that are expanding even faster. The planned separation is intended to give the unit greater strategic and entrepreneurial flexibility.
Siemens Energy said its own investment focus will increasingly centre on power generation and power transmission.
Around half of Transformation of Industry’s revenue comes from services, supported by an installed base of more than 85,000 units worldwide. Once launched, the carved-out business is expected to operate under Siemens Energy’s future Omterra brand.
The unit has major manufacturing sites across Germany as well as operations in Europe, the United States, India, China, Brazil and Saudi Arabia.
Source: Siemens Energy
