Siemens with Restructuring

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Mechanical drives unit becomes standalone company under Siemens umbrella
Siemens, Winergy, Flender, mechanical unit

Siemens to secure long-term competitiveness of mechanical drives unit

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Siemens to secure long-term competitiveness of mechanical drives unit

Official Press Release Siemens:

Next step in further improvement of competitive position / Setup of standalone company under Siemens umbrella

Siemens is giving its mechanical drives unit (Mechanical Drives, MD) a new setup that will enable the business to operate more efficiently and flexibly in implementing its growth plans in a competitive environment. MD's market, which is dominated by medium-sized companies, is currently characterized by weak growth, increasing competition from the Asian region and overcapacities, with correspondingly high price pressure. To achieve greater room to maneuver and intensify its business-specific orientation, the unit is to be managed in the future as a separate company under the... ... More: Official Press Release Siemens

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