Siemens Activity

German giant has an especially active week

Last week saw major maneuvering from companies such as ABB and General Electric, two giants who serve manufacturers and tech industries alike. Perhaps that has made others inclined to follow suit.

Siemens has had an especially active week. The German engineering conglomerate most recently turned heads early Thursday by announcing the sale of its 17% stake in Osram Licht AG—and subsequently its exit from the lighting sector. Osram, the German lighting manufacturer, had shifted focus to semiconductor and LED technologies in recent years, and the companies reportedly sparred over business strategy. Siemens’ focus appears to be in data optimization and digital markets, hence its acquisition of Infolytica last week. Here’s a program made by the acquired company on how to design high speed motors:

On Wednesday, Siemens introduced a new DC transmission system for medium voltage applications to the grid. MVDC Plus, as the rollout is titled, will provide power transmission in the range from 30 to 150 megawatts to grid operators. The system functions as direct-current transmission line to control, optimize, and regulate load flows in medium-voltage alternating current grids. Siemens has developed the transmission system for grid operators who need to enlarge their infrastructure to handle the increasing volumes of power fed into the distribution system from distributed and renewable energy sources and also keep their network stable. It claims distances of up to 200 kilometers can be bridged with MVDC Plus, which has three variants for a transmission capacity of approximately 50, 100, and 150 megawatts at DC transmission voltages of 20 to 50 kV.

Last week, Siemens announced of intentions to add approximately 100 research & development jobs to its offices in the Chicago area by way of a new R&D hub in downtown Chicago, Crain’s reported September 28. The effort is aimed at harvesting tech talent in the area. Software development, engineering, and product testing. The new offices will fall under Siemens’ Building Technologies subdivision.

In the political world, Siemens was reportedly among the Germans companies whose executives spoke out in September against the recent rise in support for a nationalist-based, anti-immigration party strategy in the country. The executives warned against protectionism, contending that it could pose a dire threat to Germany’s export-based economy.

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