Siemens reorganizes low-voltage business in the Industry Sector
With effect from the start of fiscal 2010, the Siemens Industry Sector has further streamlined its portfolio and reorganized the business with low-voltage power distribution. The low-voltage technology relevant to buildings ? e.g. switchboards, distribution boards, switches and socket outlets ? has been pooled in the Building Technologies Division. Large parts of this business had previously been part of the Industry Automation Division and mainly served customers that construct or operate production facilities. The new organization increases synergies in technology, production and sales. Sales for commercial and residential buildings are to be rigorously intensified. The already strong position with low-voltage power distribution in industrial buildings like production halls and store houses will be further strengthened by the reorganization.
The Low Voltage Distribution Business of Industry Automation posted a sales volume of more than one billion Euros in fiscal 2009. Financial reporting by the Building Technologies and Industry Automation Divisions has been appropriately adjusted for the first quarter of 2010 along with the previous year’s figures. In comparable terms the margin achieved by the Industry Automation Division last fiscal year was 11.8 percent (9.1 percent in the year before), and that recorded by the Building Technologies Division 4.9 percent (previously 6.4 percent). The target margin ranges for the Industry Sector and the Industry Automation and Building Technologies Divisions will not be changed as a result of this reorganization. The Low Voltage Distribution Business Unit headquartered in Regensburg, Germany, has a worldwide workforce of more than 13,000 at 40 various locations, eight of which are in Germany.
The key financial figures for the Divisions have been adjusted retroactively in accordance with the new structure. An overview of the four quarters of fiscal 2009 and of the entire fiscal year 2008 and 2009 is available at: http://www.siemens.com/q1fy10_comparable_data_industry.
The Siemens Industry Sector (Erlangen, Germany) is the worldwide leading supplier of environmentally friendly production, transportation, building and lighting technologies. With integrated automation technologies and comprehensive industry-specific solutions, Siemens increases the productivity, efficiency and flexibility of its customers in the fields of industry and infrastructure. The Sector consists of six divisions: Building Technologies, Drive Technologies, Industry Automation, Industry Solutions, Mobility und Osram. With around 207,000 employees worldwide (September 30), Siemens Industry achieved in fiscal year 2009 total sales of approximately ?35 billion. www.siemens.com/industry
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