Siemens Energy to demerge Siemens India.

Siemens Energy, an energy technology company, is set to demerge Siemens India, electric services company. “Siemens Energy India and Siemens will script new paths as two independent, publicly-listed companies. The underlying market drivers and capital allocation requirements are fundamentally different in the energy business compared to the industrial business. The demerger will enable both companies to pursue their specific strategies, focus on their core portfolios and take decisions on capital allocation. This will enable the full value of each of the businesses to be unlocked for the benefit of the shareholders.” Sunil Mathur, Siemens India Managing Director and CEO.