Tuesday, 6 May 2014

Siemens unveils overhaul, confirms Rolls-Royce buy


Company logo of Siemens is pictured after an annual news conference in Berliin BERLIN (Reuters) - German conglomerate Siemens announced a corporate overhaul on Tuesday which will streamline the structure of the company into nine divisions, see its healthcare business managed separately, and its audiology activities publicly listed. In a statement, the Munich-based group also confirmed it was buying the energy business of Rolls-Royce for roughly 950 million euros. The restructuring steps are part of a new strategy to be unveiled by Chief Executive Joe Kaeser on Wednesday in Berlin. ...








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