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Siemens splits up the business

In an effort to become more competitive, one Siemens division will now become an independent company.

Photo: Siemens/PR

The German company has decided to let is mechanical drives unit (Mechanical Drives, MD), which supplies equipment for wind turbines, among other things, become an independent company, writes Siemens in a press release.

The new company will remain under the Siemens umbrella but the separation will enable it to operate more efficiently and flexibly, according to Siemens. It is necessary to implement a growth strategy in a competitive environment, writes Siemens.

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