Siemens to acquire an additional 18% stake in Siemens India from Siemens Energy.

Siemens, a technology company, agreed to acquire an additional 18% stake in Siemens India, an Indian unit, from Siemens Energy, a supplier of energy solutions and services, for €2.1bn. “Together, we shaped a solution that is in the best possible interests of all parties and accelerates the separation of Siemens and Siemens Energy in India. Besides the immediate cash inflow, we are also enabling an additional line for customer guarantees, making a strong overall contribution to the future stability and growth of Siemens Energy,” Roland Busch, Siemens President and CEO.