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Search Results for: Siemens

Barbara Humpton Promoted to COO at Siemens’ US Federal Org; Judy Marks Comments

Barbara Humpton, formerly senior vice president of business development for Siemens‘ U.S. federal business organization, has been promoted to the newly-created position of chief operating officer. She will lead efforts to identify new business opportunities and land new work in the federal market for Siemens Government Technologies, Siemens said Thursday. Judy Marks, …

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Judy Marks: Siemens to Help Park Service Run DC Landmark Energy Program

Siemens (NYSE: SI) will install and operate energy conversion systems for the National Park Service to manage the power and water consumption of 13 parks and landmarks in the Washington metropolitan area. The company said Thursday it will implement the measures as part of the $29 million indefinite-delivery/indefinite-quantity, energy savings performance contract between the Energy Department and Siemens Government Technologies. …

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Siemens Inks $7B Cash Deal for Energy Equipment Maker Dresser-Rand; Joe Kaeser Comments

Siemens has agreed to acquire rotating equipment provider Dresser-Rand (NYSE: DRC) for approximately $7.6 billion cash in a move to grow Siemens’ global oil and gas business. Joe Kaeser,  president and CEO of Siemens AG, said Monday that Dresser-Rand will become “the oil and gas” company within Siemens. Siemens expects to complete the …

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Dick Flanigan: FTC Approves Cerner’s $1.3B Siemens Health Services Buy

Cerner (NASDAQ: CERN) has moved closer to completing its \$1.3 billion purchase of Siemens‘ (NYSE: SI) health information technology unit after the U.S. Federal Trade Commission approved the transaction. “We’re pleased to have cleared this important regulatory hurdle and to be one step closer to integrating Siemens Health Services and …

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Cerner to Buy Siemens Health Services for $1B; John Glaser, Neal Patterson Comment

Siemens (NYSE: SI) has agreed to sell its health information technology business to Cerner (NASDAQ: CERN) for $1.3 billion cash following approval from the companies’ respective boards. Cerner said Tuesday that it expects the acquisition to add at least 15 cents in 2015 and 25 cents in 2016 to its non-GAAP diluted earnings per share. “The knowledge and strength of …

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DLA Exercises $1.8B Option on Siemens Radiology Equipment IDIQ

The Defense Logistics Agency has exercised a $1, 789, 537, 539 contract option to acquire radiology systems and related equipment from Siemens Medical Solutions. DLA awarded Siemens the fifth option period under a potential eight-year contract and the option runs through March 30, 2015, the Pentagon said Wednesday. Army, Navy, Air …

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Siemens Invests $100M in New Manufacturing Systems; Siegfried Russwurm Comments

Siemens’ (NYSE: SI) corporate financing arm has moved to help startup businesses further efforts to develop manufacturing technologies through a new $100 million fund, TechCrunch reported Monday. Pankaj Mishra writes Siemens Venture Capital intends to finance firms that develop industrial automation systems and to facilitate alliances among companies in order …

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SAP Co-CEO Jim Hagemann Snabe Named to Siemens Board

Jim Hagenmann Snabe, co-chief executive at SAP AG (NYSE: SAP), has been appointed to the supervisory at Siemens (NYSE: SI), Bloomberg reported Wednesday. Alex Webb writes Hagemann will succeed Josef Ackermann, who resigned from the board last week. SAP will end its dual CEO structure next year with Bill McDermott serving as …

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Siemens Wins Coast Guard Base Energy Conservation Project; Judy Marks Comments

Siemens Government Technologies has won a $5.3 million task order to help implement energy and water conservation methods at a U.S. Coast Guard base in Elizabeth City, N.C. The Coast Guard aims to generate $540, 000 in energy cost savings per year under the 14-year energy savings performance contract and fund the …

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Siemens to Supply 116 Wind Turbines for Green Power Plant

Siemens Energy will manufacture 116 wind turbines that Portland General Electric intends to use for a power plant to supply about 84, 000 U.S. households with renewable electricity. Components of the equipment to be installed at the 267-megawatt Tucannon River Wind Farm in Washington state will be fabricated at facilities …

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