January 19, 2017 12:33 PM ET

Industrial Conglomerates

Company Overview of Siemens Corporation

Company Overview

Siemens Corporation engages in the businesses of power and gas, wind and renewables, power generation, energy management, building technologies, mobility, digital factory, process industries and drives, finance, healthcare, and real estate. It offers energy production products for utilities, independent power producers, and industrial customers, as well as engineering, procurement, construction customers; operates onshore and offshore wind power projects; and installs hydropower plants. The company also provides factory/field support, maintenance, repairs, replacements, and modernizations and upgrade services; high-voltage and medium-voltage switchgear and devices, energy automation products...

300 New Jersey Avenue

Suite 1000

Washington, DC 20001

United States

Founded in 1954

Phone:

202-434-4800

Fax:

202-434-4839

Key Executives for Siemens Corporation

Chairman and Chief Executive Officer
Age: 53
Chief Financial Officer
Age: 60
Chief Executive Officer of Siemens Power Transmission & Distribution, President of Siemens Power Transmission & Distribution, Senior Vice President of Siemens Energy Inc and General Manager of Siemens Energy Inc
Global Head of Energy Finance, Chief Executive Officer of Siemens Financial Services, Inc and President of Siemens Financial Services, Inc
Chief Executive Officer of Siemens One Inc and President of Siemens One Inc
Compensation as of Fiscal Year 2016.

Siemens Corporation Key Developments

Siemens Corporation Announces Management Changes Changes

Siemens Corporation announced that Eric Spiegel (59), CEO of Siemens in the U.S., will leave the company at the end of the year. Lisa Davis (53) has been appointed Chair and CEO of Siemens Corporation, effective January 1, 2017. Judith Marks (53) has been appointed Siemens CEO U.S., effective the same date. Marks began her career at Siemens in 2011 as President and CEO of Siemens Government Technologies Inc., where she led the company’s approach to the federal market. Before coming to Siemens she spent 27 years with Lockheed Martin and its predecessor companies.

Siemens and Vigilent Announce Reseller Partnership in North America

Siemens and Vigilent announced a reseller partnership in North America to jointly provide customers with a comprehensive and unique thermal optimization solution that addresses data center cooling challenges across the facility’s white space (i.e., usable space allocated for IT equipment) and chilled water plant. The joint effort is aimed at helping data center and IT managers address the cooling challenges caused by shifting IT loads, uneven server densities, and changes in facility configuration. By leveraging Siemens’ Demand Flow solution and Vigilent’s Dynamic Cooling Management System, users can significantly reduce energy consumption and improve power usage effectiveness. As a stand-alone application, Siemens’ Demand Flow solution optimizes chilled water plants, reducing their energy consumption by up to 50%. Vigilent’s Dynamic Cooling Management System matches cooling to IT load at every critical spot in the white space, significantly reducing the energy consumption of cooling units. This decreases demand on chilled water plants, allowing the Demand Flowsolution to further reduce energy. The joint solution ensures optimal efficiency at part load operation, leading to maximum energy savings. Traditional cooling management techniques—including simple chiller controls and individual unit or networked controls provided with computer room cooling equipment—do not address a data center’s unique cooling complexities, resulting in increased risk, reduced efficiency and wasted capacity. In contrast, the combined Siemens and Vigilent offering uses powerful software to resolve complex problems and optimize facilities in real time. Vigilent delivers a Dynamic Cooling Management System that uses machine learning software, a wireless mesh network of sensors, and cooling unit controls to automatically match white space cooling to IT load in real time. The system delivers immediate and measurable improvements in thermal service level agreement attainment, energy use, and cooling capacity. Vigilent also delivers Prescriptive Analytics that inform management decision-making around reliability, efficiency, and capacity. Siemens offers a comprehensive portfolio of services and solutions that can be tailored to address customers’ data center needs in the areas of power, cooling, energy management, physical security, fire safety, IT, and facility management. Backed by the company’s global depth and expertise, Siemens’ solutions are implemented and supported by local Siemens teams dedicated to keeping data centers up and running 24/7—helping customers to meet current goals, while positioning them to grow and address tomorrow’s challenges.

Siemens Launches Digital Grid Services Platform for US Market

Siemens has introduced a new Digital Grid Services platform for the U.S. market that will allow utilities to better access an increasingly digital operational environment through the use of cloud and managed service offerings. The offering will consist of software as a service grid management applications offered via a subscription service, managed services including engineering and operations expertise, and cloud-hosted environments via Siemens secure data centers. The solution provides Siemens’ customers with more flexibility for their smart grid deployments relieves them from the burden of investing in and operating complex software, hardware and networking infrastructure.

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Recent Private Companies Transactions

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