Siemens Energy

Siemens Energy to spin off industrial unit as it pivots to grids and gas turbines

Siemens Energy announced Tuesday that it will legally and operationally separate its Transformation of Industry division, establishing it as a standalone company under the working brand Omterra. The move marks the German energy group's most decisive step yet toward concentrating…

Siemens Energy taps Goldman Sachs for steam turbine stake sale

Siemens Energy is working with Goldman Sachs The Goldman Sachs Group, Inc. to prepare for offers on a majority stake in its steam turbine business, in a deal that could value the unit at more than €10 billion, Bloomberg reported…

Siemens Energy to rebrand as Omterra, cutting ties with Siemens AG

Siemens Energy announced on Monday that it will unify its operations and its wind turbine subsidiary Siemens Gamesa Renewable Energy under a single new brand: Omterra. The move marks the company's most visible step toward full independence from former parent…