DGAP-Adhoc: Siemens Aktiengesellschaft: Siemens to acquire Invensys Rail and to divest of baggage handling, postal and parcel sorting activities

Siemens Aktiengesellschaft  / Key word(s): Mergers & Acquisitions

28.11.2012 17:45

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Today, the Supervisory Board of Siemens AG approved the decision of the
Managing Board to enter into an agreement to acquire Invensys Rail, the
rail automation business of Invensys for approx. EUR2.2 billion (£1.742
billion). Invensys Rail with currently around 3,200 employees and revenues
of £775 million in its last financial year ending March 2012 shall be
integrated into Siemens' Rail Automation Business Unit headquartered in
Berlin, Germany, as part of the Mobility and Logistics Division in the
Infrastructure & Cities Sector. The transaction is subject to Invensys'
shareholder approval which is expected to be voted on at a General Meeting
planned for December 2012. Furthermore, Invensys' lenders, the UK pension
regulator and anti-trust authorities need to consent to the transaction.
Overall Siemens will not take on any significant pension liabilities with
the transaction. Siemens expects the transaction to close in the second
quarter of calendar year 2013.

At the same time, the Supervisory Board approved the decision of the
Managing Board to divest its baggage handling, postal and parcel sorting
activities to further focus the activities of the Siemens Infrastructure &
Cities Sector. In FY 2012, the business generated revenue of approximately
EUR900 million, a mid-single digit profit margin and had around 3,600
employees as of Sept 30th, 2012.


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Information and Explaination of the Issuer to this News:

Disclaimer
This document contains statements related to our future business and
financial performance and future events or developments involving Siemens
that may constitute forward-looking statements. These statements may be
identified by words such as 'expects,' 'looks forward to,' 'anticipates,'
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'will,' 'project' or
words of similar meaning. We may also make forward-looking statements in
other reports, in presentations, in material delivered to stockholders and
in press releases. In addition, our representatives may from time to time
make oral forward-looking statements. Such statements are based on the
current expectations and certain assumptions of Siemens' management, and
are, therefore, subject to certain risks and uncertainties. A variety of
factors, many of which are beyond Siemens' control, affect Siemens'
operations, performance, business strategy and results and could cause the
actual results, performance or achievements of Siemens to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements or anticipated on
the basis of historical trends. These factors include in particular, but
are not limited to, the matters described in Item 3: Key Information - Risk
factors of our most recent annual report on Form 20-F filed with the SEC,
in the chapter 'Risks' of our most recent annual report prepared in
accordance with the German Commercial Code, and in the chapter 'Report on
risks and opportunities' of our most recent interim report.

Further information about risks and uncertainties affecting Siemens is
included throughout our most recent annual, and interim reports as well as
our most recent earnings release, which are available on the Siemens
website, www.siemens.com, and throughout our most recent annual report on
Form 20-F and in our other filings with the SEC, which are available on the
Siemens website, www.siemens.com, and on the SEC's website, www.sec.gov.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results, performance or
achievements of Siemens may vary materially from those described in the
relevant forward-looking statement as being expected, anticipated,
intended, planned, believed, sought, estimated or projected. Siemens
neither intends, nor assumes any obligation, to update or revise these
forward-looking statements in light of developments which differ from those
anticipated.

Due to rounding, numbers presented throughout this and other documents may
not add up precisely to the totals provided and percentages may not
precisely reflect the absolute figures.

28.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Siemens Aktiengesellschaft
              Wittelsbacherplatz 2
              80333 Berlin und München
              Germany
Phone:        +49 (0)89 636-00
Fax:          +49 (0)89 636-52000
E-mail:       investorrelations@siemens.com
Internet:     www.siemens.com
ISIN:         DE0007236101
WKN:          723610
Indices:      DAX, EURO STOXX 50
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX; London, NYSE, SIX
 
End of Announcement                             DGAP News-Service
 
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