The Siemens Water Technologies business unit, which offers solutions for municipal and industrial water purification and wastewater treatment, will be sold along with the corresponding service activities.
“This business shows only minor synergies with our industrial portfolio, as the skills for water treatment are primarily based on chemical expertise. Instead of investing into that business, we want to gear our resources toward our core portfolio,” explained Siegfried Russwurm, member of the Siemens AG managing board and CEO of Siemens’ Industry Sector.
“In the future, we will concentrate our water business on solutions along our core areas of expertise in electrical engineering. These are in the automation and drive technology used to operate waterworks and sewage plants as well as sea water desalination plants,” said Anton Huber, CEO of the Industry Automation Division at Siemens. “For the business, which is organised in the Water Technologies Business Unit, we are looking for the right buyer with a sustainable growth perspective who is willing to invest in this business and generate more synergies.”