Siemens Energy is starting preparations to establish its Transformation of Industry division as an independent company. This division also includes the business with electrolysers for the production of green hydrogen.
The goal is to create an independent company for industrial energy solutions, the Munich-based energy technology group announced. In a second step, the company plans to examine a new ownership structure and deconsolidate the division. According to the announcement, options range from the entry of external investors to a possible capital market transaction. Siemens Energy intends to retain a significant minority stake.
Electrolysers part of a broad portfolio
The Transformation of Industry division encompasses a broad technology portfolio. This includes industrial steam turbines, compressors, electrolysers for hydrogen production, generators and motors, as well as maritime and underwater technologies. The approximately 17,000 employees of this division generated a turnover of 5.7 billion euros in the 2025 financial year with a profit margin of 11.3 percent.
The division's customers mainly come from the oil and gas, chemical, process industry, paper, cement, and maritime sectors. About half of the turnover is accounted for by the service business. According to the company, more than 85,000 plants are installed worldwide.
Focus on power generation and transmission
Christian Bruch, CEO of Siemens Energy, justifies the move with different market dynamics within the group. "Transformation of Industry has developed successfully over the past several years and is now a profitable, high-growth business. We see the potential for further profitable growth if we can accelerate the business's continued development," says Bruch.
Within the existing group structure, the division competes for investments with even faster-growing businesses. Additionally, Transformation of Industry largely serves different markets than the rest of Siemens Energy. These markets are often more fast-paced and transactionally oriented. As an independent company, the division could better respond to these requirements, according to the company.
"If we don't change our structure, we limit what Transformation of Industry can achieve. Our current investment focus is on power generation and power transmission, with higher immediate payback," says Bruch. The group intends to direct investments primarily into these areas in the future.
New brand name Omterra
The spun-off business is initially to operate under Siemens Energy's future brand, Omterra, once it is introduced. The division has a network of manufacturing sites in Germany, including Duisburg with around 1,500 employees, Erlangen with around 700, Görlitz with around 650, as well as sites in Mülheim an der Ruhr, Nuremberg, Erfurt, Hamburg, Leipzig, and Berlin. Additional sites are located in Europe, the USA, India, China, Brazil, and Saudi Arabia.
Siemens Energy cites long-term trends such as energy efficiency, industrial electrification, decarbonisation, digitalisation, and increasing demand for supply security as growth drivers. Siemens Energy employs around 106,000 people worldwide in more than 90 countries and achieved a turnover of 39.1 billion euros in the 2025 financial year.
