Major restructuring for Siemens

Siemens has announced a sweeping reorganization of operations that includes the breakup of its Automation and Drives business unit. The corporate restructuring is the first major change in how Siemens is organized since 1989.

Previously, Siemens, with €72.4 billion in revenue and 475,000 employees, was organized into nine major areas: Information and Communications, Automation and Control, Power, Transportation, Medical, Lighting, Financing and Real Estate, Affiliates, and other activities.

The new corporate organizational structure devised by Peter Loscher, who became CEO on July 1 last year, calls for the formation of what Siemens terms three major sectors – Industry, Energy, and Healthcare – encompassing 15 divisions.

Three major sectors

The Industry Sector and its products and solutions address industry customers in the fields of production, transportation and building systems. The Energy Sector primarily addresses energy providers, but also industrial companies particularly in the oil and gas industry. And the Healthcare Sector aims to deliver innovative products as well as service and consulting in the healthcare industry.

The Industry Sector will consist of six divisions:

- Industry Automation

- Motion Control

- Building Technologies

- Industry Solutions

- Mobility

- Osram

The spectrum of offerings by Industry Automation extends from standard products to system solutions for energy and automation technologies used in manufacturing and process industries. Meanwhile, the Motion Control Division offers its customers solutions for electronics manufacturing as well as complete systems, including standard and large drives applications across the entire drive train.