Siemens Energy subsidiary to pay over $100m to settle US court …
WEB3 days ago — A US subsidiary of the German power engineering group Siemens Energy has agreed to pay $104 million to end investigations into cheating in a contract bid. The case goes back to 2019, when the ...
Siemens Energy agrees to settlement with US in case over gas
WEBSiemens Energy, which reports full-year results on Nov. 13, in its fiscal third quarter report in August cited negative one-offs related to a legacy project at its gas services division.
Press Releases - Siemens Energy Global
WEBJun 24, 2024 — Earnings Release Q2 FY 2024: Siemens Energy benefits from positive market environment and delivers another solid quarter. Adjusted outlook reflects stronger growth and positive cash development.
Siemens Energy shakes up troubled wind unit after strong results
WEBFRANKFURT/DUESSELDORF, May 8 (Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a...
Siemens Energy plans 10,000 hires as it earmarks €1.2bn to boost ...
WEBJul 2, 2024 — Siemens Energy plans to hire more than 10,000 new employees to put its electricity grid business at the centre of an ambitious six-year growth plan, as it seeks to move beyond the problems...
Siemens Energy to Pay $104 Million in DOJ Trade Secret Probe
WEB3 days ago — By Sabrina Willmer Signage stands above the entrance to a Siemens AG gas turbine factory in Berlin, Germany (Bloomberg) -- A US subsidiary of Siemens Energy AG agreed to pay $104 million to resolve a criminal investigation into misappropriating confidential information from competitors to win a bidding process. The US Justice…
Siemens Energy posts forecast-beating Q1 results on project shifts
WEBJan 23, 2024 — Siemens Energy reported first-quarter preliminary financial results on Tuesday that beat market expectations, saying it continued to see a positive market environment as the power equipment...
Siemens Energy Sees Long Way to Profit After Government Deal
WEBNov 15, 2023 — Siemens Energy AGis laying out a path to return to profit but it will take time. Ongoing problems at its Gamesa wind subsidiary will drive another operating loss this fiscal year, despite...
Siemens Energy pleads guilty to stealing competitor info
WEB3 days ago — The company will pay $104 million to resolve a DOJ criminal investigation related to bidding to build a Virginia power plant. Siemens Energy has pleaded guilty to stealing information to edge out ...
Germany's Scholz calls Siemens Energy 'very important' amid …
WEBBERLIN, Oct 27 (Reuters) - German Chancellor Olaf Scholz on Friday called Siemens Energy (ENR1n.DE) "very important" and the economy ministry said it was conducting "intensive talks",...