1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Siemens AG
  6. News
  7. Summary
    SIE   DE0007236101

SIEMENS AG

(SIE)
  Report
Real-time Estimate Tradegate  -  08:52 2022-08-18 am EDT
110.35 EUR   +1.57%
06:05aKorea's SK invests $100 million in EV-focused startup Atom Power
RE
08/17FDA says faulty Philips device reports accelerating as CEO departs
RE
08/17Boeing, Northrop to join White House-backed advanced manufacturing program
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Siemens launches Siemens Xcelerator - an open digital business platform to accelerate digital transformation

07/01/2022 | 11:32am EDT

Siemens AG has launched an open digital business platform, Siemens Xcelerator, to accelerate digital transformation and value creation for customers of all sizes in industry, buildings, grids and mobility. The business platform makes digital transformation easier, faster and scalable. Siemens Xcelerator includes a curated portfolio of internet of things (IoT) enabled hardware, software and digital services from across Siemens and certified third parties; a growing ecosystem of partners; and an evolving marketplace to facilitate interactions and transactions between customers, partners and developers.

Siemens Xcelerator is an open digital business platform - consisting of a curated portfolio, ecosystem and marketplace - to accelerate digital transformation and value creation for our customers. A business platform creates value by facilitating interactions and fostering innovation between multiple parties (customers, partners, developers etc.). It enables digital transformation easy, fast and at scale.

Siemens Xcelerator is an open digital business platform - consisting of a curated portfolio, ecosystem and marketplace - to accelerate digital transformation and value creation for our customers. A business platform creates value by facilitating interactions and fostering innovation between multiple parties (customers, partners, developers etc.). It enables digital transformation easy, fast and at scale.

Roland Busch, President and CEO of Siemens AG, said: 'Siemens Xcelerator will make it easier than ever before for companies to navigate digital transformation - faster and at scale. By combining the real and the digital worlds across operational and information technology, we empower customers and partners to boost productivity, competitiveness and scale up innovations.'

'Our leading portfolio is transformed towards more open applications, with more cloud-based and as-a-service solutions and IoT-enabled hardware that can be constantly upgraded. At the same time, collaboration will reach a new level with a growing ecosystem of partners.'

'Today's launch of Siemens Xcelerator, this week's acquisition of Brightly Software and our expanded partnership with NVIDIA are major milestones in implementing our strategy to accelerate high-value growth,' Busch concluded.

Enabling digital transformation, easier, faster and at scale

The open digital business platform creates value for participants by facilitating interactions and fostering innovation between multiple parties - customers, partners, developers etc. as no one can do it alone. With the launch of Siemens Xcelerator, step-by-step, Siemens will transform its entire portfolio of hardware and software to become modular, cloud-connected and built on standard application programming interfaces (APIs). The highest standards and value for all parties will be ensured by strong technical and commercial governance principles. Siemens and third-party offerings will adhere to the design principles of interoperability, flexibility, openness and as-a-service.

New SaaS launch - Building X

Siemens announced today the first new SaaS offering as part of Siemens Xcelerator. Building X is a new smart building suite to create a single source of truth (SSOT) that takes complexity out of digitalization and supports customers to achieve their net zero goals. It is an end-to-end data and analytics suite breaking down data silos across domains such as energy management, security and building maintenance. Building X is a modular, fully cloud-based open software suite, with AI enabled applications, strong connectivity and built-in cybersecurity.

On Monday, June 27, 2022, Siemens announced the agreement to purchase Brightly Software, a leading U.S.-based asset and maintenance management software company. The acquisition will add Brightly's well-established capabilities across key sectors to Siemens' digital and software know-how in buildings. It will be a core element of the Siemens Xcelerator for Buildings portfolio.

Siemens also plans to integrate its industrial internet of things (IIoT) solutions for industry as Industrial Operations X, which brings together solutions and applications from sensor to edge to cloud, IoT as-a-service and low code development capabilities, as well as a wide range of ready-to-use-apps. It enables the fusion of data from the real world of automation with the digital world of information technology, enriched by Siemens' comprehensive vertical IT/ OT integration knowledge and capabilities. Breaking down data silos will help companies to increase their performance, productivity, flexibility and sustainability.

Partnership announced with NVIDIA for new era of immersive digital twin technology

Siemens commits to join forces and grow a strong partner ecosystem, building on existing strategic partnerships including Accenture, Atos, AWS, Bentley, Microsoft and SAP. The intention is to expand the partnership ecosystem with small, medium and large companies.

The first major partnership agreement under the Siemens Xcelerator umbrella is with NVIDIA. The two companies today announced an expansion of their partnership to enable the industrial metaverse and increase use of AI-driven digital twin technology that will help bring industrial automation to a new level. As a first step in this collaboration, the companies plan to connect Siemens Xcelerator, the open digital business platform and NVIDIA Omniverse, a platform for 3D-design and collaboration. This will enable an industrial metaverse with physics-based digital models from Siemens and AI-enabled, physically accurate, real-time simulation from NVIDIA where companies make decisions faster and with increased confidence.

Confirmation of digital growth strategy and goals

The launch of the Siemens Xcelerator platform is the logical next step in Siemens' digital strategy. Siemens will be able to unlock significant value for existing and new customers, especially new ones in the segment of smaller and mid-sized businesses.

As part of the launch, Siemens confirms its growth targets for digital business announced at the last years' capital market day, of a compound annual growth rate of around 10 percent over the business cycle. Digital revenue in fiscal year 2021 stood at EUR5.6 billion. The launch of the business platform is also consistent with its move towards as-a-service offerings and will bolster the aim of increasing annual recurring revenue.

Roland Busch added: 'This is the logical next step in the implementation of our digitalization strategy to enable even faster innovation and value creation. Siemens Xcelerator brings the power of our focused technology company together with a thriving ecosystem of technology partners. We are joining together to simplify digital transformation so that customers of all sizes can benefit at speed and scale.'

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about SIEMENS AG
06:05aKorea's SK invests $100 million in EV-focused startup Atom Power
RE
08/17FDA says faulty Philips device reports accelerating as CEO departs
RE
08/17Boeing, Northrop to join White House-backed advanced manufacturing program
RE
08/17SIEMENS : Digitalization accelerates sustainability in the process industry
PU
08/16SIEMENS AKTIENGESELLSCHAFT : Release of a capital market information
EQ
08/16SIEMENS : Optimal pool climate
PU
08/16Philips parts ways with CEO in midst of massive recall
RE
08/15SIEMENS AG : RBC keeps its Buy rating
MD
08/15SIEMENS AG : Bernstein keeps a Sell rating
MD
08/15SIEMENS : at the AMB Stuttgart 2022
PU
More news
Analyst Recommendations on SIEMENS AG
More recommendations
Financials
Sales 2022 70 001 M 71 190 M 71 190 M
Net income 2022 4 329 M 4 402 M 4 402 M
Net Debt 2022 37 324 M 37 958 M 37 958 M
P/E ratio 2022 22,4x
Yield 2022 3,83%
Capitalization 86 098 M 87 560 M 87 560 M
EV / Sales 2022 1,76x
EV / Sales 2023 1,65x
Nbr of Employees 308 000
Free-Float 88,4%
Chart SIEMENS AG
Duration : Period :
Siemens AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIEMENS AG
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 108,64 €
Average target price 149,69 €
Spread / Average Target 37,8%
EPS Revisions
Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Head-Corporate Finance, Accounting & Controlling
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Bernhard Wardin Head-Technology & Innovation
Sector and Competitors
1st jan.Capi. (M$)
SIEMENS AG-28.84%87 560
BERKSHIRE HATHAWAY INC.1.47%670 212
HONEYWELL INTERNATIONAL INC.-2.75%136 611
GENERAL ELECTRIC COMPANY-15.40%87 637
3M COMPANY-15.41%84 009
ILLINOIS TOOL WORKS INC.-12.49%66 869