BERLIN, Germany, Sep 1, 2026 – Siemens Energy is preparing to separate its Transformation of Industry business into a standalone company. The move could bring in external investors or lead to a capital markets transaction, and the parent plans to keep a minority stake after deconsolidating the unit.
Transformation of Industry supplies industrial steam turbines, compressors, electrolyzers for hydrogen production, generators and motors, maritime and subsea technologies. The unit employed about 17,000 people in fiscal 2025 and generated €5.7 billion in revenue.
Christian Bruch, president and chief executive officer of Siemens Energy said: “Transformation of Industry has developed successfully over the past several years and is now a profitable, high-growth business. We see the potential for further profitable growth if we can accelerate the business’s continued development.”
According to Siemens Energy, the unit competes for investment inside the Group against growing businesses and serves different markets than the rest of the company: oil and gas, chemicals, process industries, paper, cement and maritime. Those markets are faster-moving, transactional and shaped by varied customer needs.
Christian Bruch added: “If we don’t change our structure, we limit what Transformation of Industry can achieve. Our current investment focus is on power generation and power transmission, with higher immediate payback.”
The business will initially operate under Siemens Energy’s future brand, Omterra, once launched. Service accounts for around 50% of revenue, and more than 85,000 units are installed globally. Manufacturing sites include Duisburg (about 1,500 employees), Erlangen (about 700), Görlitz (about 650), Muelheim an der Ruhr (about 550), Nuremberg (about 550), Erfurt (about 550), Hamburg (about 250), Leipzig (about 200) and Berlin (about 150), as well as in Europe, the United States, India, China, Brazil, Saudi Arabia and other countries.
Source: Siemens Energy
About Siemens Energy
Siemens Energy is a global energy technology company headquartered in Munich, Germany. The company became a separate entity from Siemens AG in 2020 and traces its energy-sector work to Siemens’ longer engineering history. It supplies gas and steam turbines, wind turbines, power transmission systems, grid technologies, and industrial decarbonization services. Siemens Energy serves utilities, independent power producers, transmission operators, and industrial customers in power generation, oil and gas, and renewable energy. Its work includes hydrogen production and storage, carbon capture, and energy efficiency technologies. Siemens Energy employs about 101,000 people worldwide in more than 90 countries.
