Siemens: to spin off its eMobility business

(CercleFinance.com) - Siemens is to set up an electric vehicle charging business to enable a higher level of growth.
The group intends to spin off its eMobility business. The company combined its eMobility charging activities in 2018 and then organised them into a separate business unit in 2022.

Siemens has announced its intention to spin off its eMobility business. The company consolidated its eMobility charging activities in 2018 and then organized them into a separate business unit in 2022.

The demerger of Siemens eMobility will give the company the entrepreneurial freedom to transform itself into a more agile, focused and efficient market player. It will enable Siemens eMobility to better exploit the opportunities offered by the dynamic and growing market for electric vehicle (EV) charging infrastructure, it says.

eMobility's new organization will enable the company to accelerate profitability by focusing on high-potential business segments and strategically relevant geographical areas. It will have greater freedom to define its areas of intervention according to its strengths. Matthias Rebellius, member of the Board of Directors of Siemens AG and CEO of Smart Infrastructure.


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