Siemens Energy has enlisted Goldman Sachs to explore the sale of a majority stake in its steam turbine and compressor unit. The German technology firm is evaluating options for its Transformation of Industry division, which employs 17,000 personnel globally and recently reported half-year revenues of €2.7bn.
Internal assessments indicate that separating the business could yield higher margins and enhance long-term shareholder value. The proposed divestment could see Siemens Energy offload a 60% share while retaining the remaining 40%, though an initial public offering remains a viable alternative.
A potential buyout could value the division at more than €10bn. Several prominent private equity firms, including CVC Capital Partners, EQT and Bain Capital, are reportedly preparing formal offers as board deliberations continue.
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