NEWS
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Carve-out of Siemens Electronics Assembly Systems proceeding on schedule
Effective October 1, 2008, most international units of the Siemens
business unit Electronics Assembly Systems will have been converted to
legally independent companies. With this step the Siemens AG starts to
execute its plan to legally separate the former EA unit from
Siemens’ Drive Technologies Division. The newly established
company with the name Siemens Electronics Assembly Systems (Siemens EA)
will be a wholly-owned subsidiary of Siemens Drive Technologies with
headquarters in Munich. With this “carve-out” Siemens EA is
to respond to the dynamic electronics manufacturing market with even
more speed, flexibility and customer orientation. The carve-out will be
formally completed with the establishment of the new, separate company
in Germany by January,1 2009.
The carve-out of Siemens Electronics Assembly Systems from the Siemens Drive Technologies Division is proceeding on schedule. Effective October 1, most of the international companies would be established as legally independent units and the complete carve-out will take place effective January 1, 2009 after the set up of legally independent companies in Great Britain and Germany.
The new company with its 1,800 employees worldwide will operate under the name Siemens Electronics Assembly Systems as a wholly-owned subsidiary of Siemens Drive Technologies and a member of the Siemens AG. Its headquarters will remain in Munich. In future Siemens Electronics Assembly Systems will be run by a CEO/CFO team: Günter Lauber, the current head of Siemens EA, will take the helm as the CEO (chief executive officer), with Ingrid Gaggermeier being the CFO.
The SIPLACE team expects the new structure to open the door to significantly more opportunities in international markets as explained by Guenter Lauber, “Our customers in the electronics manufacturing industry have production sites all over the world, and the market is extremely dynamic. As a separate company, we will be able to use our regional companies all over the world much more quickly and directly and without being slowed down by corporate and group structures. This. At the same time, we will continue to be a strong and reliable technology partner for our customers”.
The carve-out of Siemens Electronics Assembly Systems from the Siemens Drive Technologies Division is proceeding on schedule. Effective October 1, most of the international companies would be established as legally independent units and the complete carve-out will take place effective January 1, 2009 after the set up of legally independent companies in Great Britain and Germany.
The new company with its 1,800 employees worldwide will operate under the name Siemens Electronics Assembly Systems as a wholly-owned subsidiary of Siemens Drive Technologies and a member of the Siemens AG. Its headquarters will remain in Munich. In future Siemens Electronics Assembly Systems will be run by a CEO/CFO team: Günter Lauber, the current head of Siemens EA, will take the helm as the CEO (chief executive officer), with Ingrid Gaggermeier being the CFO.
The SIPLACE team expects the new structure to open the door to significantly more opportunities in international markets as explained by Guenter Lauber, “Our customers in the electronics manufacturing industry have production sites all over the world, and the market is extremely dynamic. As a separate company, we will be able to use our regional companies all over the world much more quickly and directly and without being slowed down by corporate and group structures. This. At the same time, we will continue to be a strong and reliable technology partner for our customers”.
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