PVTIME – Siemens Energy has begun the formal legal and operational processes to spin off its Transformation of Industry division into a standalone entity. This includes its green hydrogen electrolyser business, which will be part of the restructuring.
The Munich-based energy technology firm has confirmed that the aim of the restructuring is to create an independent industrial energy solutions provider. In a subsequent phase, the division will be deconsolidated, with the group evaluating ownership restructuring options, including external investor entry and potential capital market transactions. Following the restructuring, Siemens Energy will retain a substantial minority stake in the newly established entity.
In the 2025 financial year, the Transformation of Industry division generated a turnover of €5.7 billion and an 11.3% profit margin, supported by its workforce of 17,000. Its extensive technology portfolio includes industrial steam turbines, compressors, hydrogen production electrolysers, generators and motors, as well as maritime and subsea technologies. The division serves key end sectors such as oil and gas, chemicals, the general process industry, the paper industry, the cement industry and maritime operations. Service revenue constitutes 50% of its total turnover, with over 85,000 operational units installed worldwide.
Siemens Energy Chief Executive Christian Bruch has stated that the restructuring responds to divergent market dynamics across the group’s business portfolio. The Transformation of Industry division has achieved profitable growth in recent years and has significant potential for accelerated value creation under independent governance.
Within the current group structure, the industrial division competes with the group’s faster-growing business segments for internal capital investment. Its target markets also feature shorter development cycles and more transaction-led operating models than the group’s core divisions. Standalone incorporation would enable the business to adapt more quickly to different market demands. Mr Bruch also mentioned that the existing corporate structure limits the division’s growth potential, as Siemens Energy will prioritise future capital investment in its higher-yield power generation and transmission businesses.
Upon its official launch, the spun-off business will operate under Siemens Energy’s new Omterra brand. The business maintains a global manufacturing footprint, with major facilities in Germany located in Duisburg, Erlangen, Görlitz, Mülheim an der Ruhr, Nuremberg, Erfurt, Hamburg, Leipzig and Berlin, as well as sites across Europe, the US, India, China, Brazil and Saudi Arabia.
Key long-term industry trends, including advancements in energy efficiency, industrial electrification, decarbonisation and digital transformation, coupled with rising demand for energy supply security, will underpin the standalone industrial entity’s future growth. Siemens Energy employs around 106,000 people in over 90 countries and recorded a group-wide turnover of €39.1 billion for the 2025 financial year.
