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Analysts at the Swiss bank UBS have
Riddles on the new strategy of the Siemens electricity company
defeated industrial group Thyssenkrupp
crucial role. From a proven Siemens way that could
Management of the Group's parts with Thyssenkrupp divisions
merge and outsource, writes badyst Markus Mittermaier
in a study published Friday.
He left the ranking for Thyssenkrupp on "Buy" with a
Indicative price of 30 euros. The elevator division of the Essener could a
Mittermaier believes that this would be an attractive acquisition target for Siemens. the
The market already seems to be consolidating the market
adjust. ThyssenKrupp might like such a solution. the
The company was recently advised by shots fired by its shareholders
call for a radical restructuring of companies. The Siemens UBS clbad action
currently with a price target of 138 euros also with "buy" one.
In the opinion of the badyst, particularly the merger of
Siemens construction technology with the lifting activity of Thyssenkrupp.
In particular, the secondary activity with lifts could
Siemens is interesting, he says. Also another
Joint venture of some parts of the automation of division processes and
Powered by ThyssenKrupp factory engineering company, it holds for
a possible option.
Siemens spent a year and a half with the
Wind energy, medical technology and the railway business, three areas
spun or spin-off on the way. Well be
next steps expected – Siemens CEO Joe Kaeser wants 2.
August with the third quarter figures a new strategy
It's more of a development than something completely
To go again, the director had already indicated several times. It's become
already speculates that Siemens will reorganize its business and
want to do the remaining three divisions in the future. So, did it
"Manager Magazine" writes at the end of June, the lucrative field with
Digital activity could go hand in hand with automation of
The processing industries are united. The Energy Management Division should
broken, the magazine also reported:
Electricity distribution networks, including the so-called very profitable
Smart grids would be merged with building technology.
High voltage networks over land should
The UBS badyst Mittermaier has several
Introduce Focus options on these three
Zones, the company should be part of the company with
separate the process industry and the readers. He also sees the
Need, a new growth strategy for building technology
necessary. Until now, the company has sailed rather in the shadow of
other major divisions. At the same time, Thyssenkrupp is looking for
Solutions, its activity currently blocked with badets
Mittermaier sees three possibilities: one on a foot of equality
Joint venture between Siemens-Gebäudetechnik and
Thyssenkrupp lift activity. In this case
Mittermaier the advantages of earnings rather cautious: So give it between
no overlap in the areas. Chances are more likely
exist, in the future a complete set for the buildings included
To be able to offer services. He sees something in the cost
more options, for example, in the headquarters and the staff.
As option two, the UBS badyst sees another
Equality of joint venture between
Siemens division process industry and readers with the exception of
The automation and plant activity of ThyssenKrupp. For Siemens
This scenario could be a great way to get out of business
go out, for example through a possible IPO. Give it here
more product overlaps, opportunities for synergy
also believes that Mittermaier is limited.
The third option provides for a complete takeover of
ThyssenKrupp through Siemens, with the exception of the joint venture
of the business enterprise. Last scenario in which Siemens his
The merger of construction services with elevator companies and the
The stock market could bring to finance the purchase, estimates the badyst
however, for the less likely variant./nas/tos/fba
ISIN DE0007236101 DE0007500001
AXC0069 2018-07-20 / 09: 50
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