Bangkok--10 Oct--Siemens
Fourth Sector Infrastructure & Cities launched on October 1
Siemens will start off fiscal 2012 on October 1, 2011 with a further developed structure. The newly founded Infrastructure & Cities Sector begins operation on that day, as planned. In the future, the operating businesses of Siemens will be organized in the Industry, Infrastructure & Cities, Energy, and Healthcare Sectors. By forming the new Sector, the company plans to be a leading participant in the dynamic growth of cities and infrastructure investments. “We are rigorously focusing our business on growth. Our new setup will put us even closer to our customers. The Infrastructure & Cities Sector will open up additional business opportunities in the growth market of cities,” said Peter L?scher, President and CEO of Siemens AG. “Cities face the enormous challenge of reconciling urban growth with a good quality of life. We can offer them comprehensive solutions from one hand to achieve this. In order to better serve the needs of cities, we are focusing the new Sector specifically on cities and infrastructure,” stated Roland Busch, CEO of the Infrastructure & Cities Sector.
In the coming days, the global population will surpass the seven-billion mark. Ever greater numbers of people want to live in cities and will do so. Today, over half of the global population already lives in cities and this share will climb to 60 percent within 20 years, an increase of 1.4 billion urban residents. In response to this growth, cities throughout the world will have to massively invest in expanding their infrastructures. The market for urban investments addressed by Siemens currently totals around ?300 billion a year. Siemens already offers the world’s broadest and most comprehensive portfolio for urban infrastructures.
The new Infrastructure & Cities Sector will manage the company’s global business with cities and infrastructures from Munich, Germany. Siemens is bundling its competencies and business activities in one unit in order to offer cities solutions for mobility, environmental protection and energy saving. The new Sector, with around 87,000 employees, will contain the Mobility andtransport of the primary energy sources oil and gas. With around 75,000 employees, the Sector will have six Divisions: Fossil Power Generation, Wind Power, Solar & Hydro, Energy Service, Oil & Gas, and Power Transmission.
The Healthcare Sector, unaffected by the reorganization and with around 49,000 employees, remains one of the world’s biggest providers in the healthcare segment and is organized in three Divisions: Imaging & Therapy Systems, Clinical Products, and Diagnostics.