Siemens AG Chief Executive Officer Peter Loescher needed three years to lift profitability of Europe’s largest engineering company past rivals. More advances are likely to come, Morgan Stanley analyst Ben Uglow said.
Siemens AG agreed to buy some Rolls- Royce Holdings Plc energy assets for $1.3 billion and plans to list its hearing-aid unit as Europe’s largest engineering company aims to close a profitability gap with rivals General Electric Co. and ABB Ltd.
Alstom SA is seeking to reverse the worst stock return of any major French company this year with a push into renewable energy as the maker of trains and turbines seeks to narrow the gap with German rival Siemens AG .
Siemens AG, Europe’s largest engineering company, will buy back as much as 4 billion euros ($5.4 billion) of shares as Chief Executive Officer Joe Kaeser bets that an efficiency push will boost profitability next year.
Siemens AG , Europe’s largest engineering company, is exploring options for its Osram lighting business, including a possible initial public offering or sale, according to three people with knowledge of the discussions.