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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : Indian Subsidiary Buys C&S Electric for Around EUR267 Mln

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01/24/2020 | 08:52am EST

By Mauro Orru

Siemens AG said on Friday that it has signed an agreement through its local subsidiary Siemens to acquire New Delhi-based C&S Electric Ltd.

The German engineering conglomerate said it would acquire approximately 99% of C&S Electric Limited for roughly 267 million euros ($295.6 million).

"The addition of C&S Electric's products, sales network, manufacturing units and a highly competent employee base will complement and strengthen the range of Siemens' offering," said Sunil Mathur, managing director and chief executive at Siemens Ltd..

Siemens added that C&S Electric has more than 5,000 employees.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG -0.77% 98.5 Delayed Quote.-15.48%
SIEMENS LTD -2.63% 1346.4 End-of-day quote.-10.04%
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Financials (EUR)
Sales 2020 89 454 M
EBIT 2020 7 087 M
Net income 2020 5 365 M
Debt 2020 24 944 M
Yield 2020 4,01%
P/E ratio 2020 14,8x
P/E ratio 2021 13,0x
EV / Sales2020 1,17x
EV / Sales2021 1,10x
Capitalization 79 874 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 128,73  €
Last Close Price 98,50  €
Spread / Highest target 52,3%
Spread / Average Target 30,7%
Spread / Lowest Target 5,58%
EPS Revisions
Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Roland Emil Busch Deputy CEO, COO, CTO & Labour Director
Ralf Peter Thomas Chief Financial Officer
Michael Diekmann Member-Supervisory Board
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