Siemens has successfully listed its energy business in India, marking a significant milestone with the listing of Siemens Energy India Limited on the National Stock Exchange of India. This development follows a demerger agreement from November 2023 between Siemens AG and Siemens Energy AG to expedite the separation of their Indian subsidiary's business activities.
The move results in two independent entities: Siemens Limited, India, and Siemens Energy India Limited. Each company will focus on its core business, strategy, and capital allocation. The demerger is part of a broader strategy by Siemens AG to simplify and strengthen its corporate structure in India.
Roland Busch, President and CEO of Siemens AG, stated, "The listing of Siemens Energy India Limited simplifies and strengthens our corporate structure in India. This move demonstrates our long-term commitment to this fast-growing and strategically important market and reflects our strategic focus on empowering each business to succeed independently." He added that this step would "unlock value for all shareholders and enable both Siemens and Siemens Energy to grow faster."
Siemens AG holds a 69 percent stake in Siemens Energy India Limited, while Siemens Energy AG holds 6 percent. The remaining shares are publicly traded, mirroring the ownership structure of Siemens Limited India.
This strategic initiative allows both companies to better serve their respective markets with tailored approaches. While Siemens Limited will continue as a leader in Industry, Infrastructure, and Mobility by integrating real-world operations with digital innovations, Siemens Energy India aims to become a leading energy technology firm focused on sustainable solutions for customers.