Tag Archives: Siemens

EVolution

Like it or not, the electric vehicle is poised for a takeover Electric vehicles currently make up around 1% of new sales in the global automotive market. About half of that one percent resides in China. But experts project that number to rise to somewhere around 50% by mid-century. That’s roughly a percentage point every […]

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Siemens Cuts Back

Power and Gas, Drives Divisions affected; most cuts will occur in Germany Heads up. Siemens is making cutbacks, and about half of them will fall in its home terrain. The German manufacturing conglomerate announced early Thursday of 6,900 jobs to be cut worldwide. They come mainly in response to shifts in the energy, process industries, […]

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Honey Is Thicker Than Water

Honeywell, Xylem make bids for Evoqua; IPO closes Evoqua Water Technologies closed its $500 million IPO (Initial Public Offering) Tuesday along with a full exercise of underwriters’ option to purchase additional shares. This closes its IPO at $18.00 per share, but by no means closes the door on a potential deal involving the water treatment […]

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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 […]

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Atlanta Supply Auction

USESCO (ATL) closing after 30 years, auctions supplies Atlanta-based electrical wholesaler U.S. Electrical Supply is closing its doors after more than 30 years and will be selling its remaining inventory in an auction, the date of which has been pushed back due to hurricane-related weather in the southeast. The original two-day auction was set for September […]

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Sie Change

Siemens begins two major ventures for the future Siemens’ CEO Joe Kaeser announced in the fall of 2016 that the company would harbor a cautious approach in the coming year. So much for that. While Kaeser was mainly referring to mergers and acquisitions, its now clear he was playing a strategic hand of sorts. A […]

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Pull Up a Chair

Former Siemens CEO will head up board at utilities efficiency company Eric Spiegel, the former Siemens CEO and noted STEM program supporter, has been appointed the new chair of Clearesult’s board of directors. The Austin, Tex.-based energy efficiency company, which works closely with utilities, announced the appointment in a press release Tuesday. Spiegel has an […]

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Brighten Your Monday

Innovation Day USA offers an array of productive distractions Spring has sprung, and that means a few things. The weather may not get any more rational, but it should at least get warmer, overall. A number of conventions are upon us. And the season of renewal acts as a symbol for the release of innovations. […]

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Big Name Round-up

News from Toshiba, Siemens, ABB, Schneider, and more… Names familiar to EA readers have caught headlines recently, for a multitude of reasons. Here’s a summation of recent activity that includes some of the more recognizable names in the industry. ABB inks offshore project with Statoil off Norway. The company has signed a “project specific agreement” for the […]

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Movers and Shakers

Catching up with industry movements large and small Schaeffler AG acquires Compact Dynamics. On December 20th, Schaeffler AG, of Herzogenaurach, Germany, acquired electric motor manufacturer Compact Dynamics GmbH (seller: Semikron International GmbH). The acquisition is of 51 percent of the shares of Compact Dynamics GmbH, a manufacturer of high-performance electric motors. The transaction is envisaged to be […]

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