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State of Berlin and Siemens Energy sign Memorandum of Understanding for joint location and structural concept

From left to right: Ramona Pop (Mayor and Senator of Berlin for Economy, Energy and Businesses), Maria Ferraro (CFO of Siemens Energy), Michael Müller (Governing Mayor of Berlin), Dr. Christian Bruch (CEO of Siemens Energy) and Joe Kaeser (Chairman of the Supervisory Board of Siemens Energy and CEO of Siemens AG). Copyright: Thomas Platow, Landesarchiv Berlin.

On September 24, Siemens Energy announced that its corporate headquarters would be based in Berlin. It is still under consideration at which of the Siemens Energy locations in Berlin the new headquarters will be located. Within the framework of the location and structural concept, the parties are first jointly examining the feasibility and urban development possibilities for the "Gas turbine plant" location in Huttenstrasse in Berlin-Moabit. The gas turbines manufactured at this site are delivered throughout the world.
The analysis focuses on the creation of modern office workspaces close to production. The State of Berlin agreed to support Siemens Energy in transforming industrial production with the aim of preserving and expanding future-oriented jobs. For example, the state intends to improve accessibility to the site by accelerating the extension of the tram line M10 in Berlin's public transport system. The Senate of Berlin has also pledged its support for the recruitment of new employees in the Berlin corporate headquarters of Siemens Energy.
Dr. Christian Bruch, CEO of Siemens Energy: "With the establishment of our Corporate Center in Berlin, Siemens Energy will return to its historical roots. For us, this is a clear commitment to Berlin as an industrial and innovation location. We are pleased that the Berlin Senate has promised us its wide-ranging support in this process and in the possible development of the location.“
Michael Müller, Governing Mayor of Berlin: "We are very pleased that the Siemens Energy Corporate Center will be located here. Berlin is not only a strong development and production site for Siemens Energy, but also Germany's leading science and research location with ideal conditions for working together on the future of sustainable energy systems and thus driving forward the energy transition.“
At the beginning of 2021, first CEO Dr. Christian Bruch and then CFO Maria Ferraro will move into their new offices. A concept for the further expansion of the Corporate Center will be drawn up in the near future. However, the decentralized approach already practiced by the company will continue to be used.

Dr. Christian Bruch, CEO of Siemens Energy, signing the MoU. In the background: Governing Mayor of Berlin, Michael Müller. Copyright: Thomas Platow, Landesarchiv Berlin.

Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs 91,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2019.

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This communication and the information contained therein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy or subscribe for any securities of Siemens AG or Siemens Energy AG. This communication is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation of such jurisdiction or which would require any registration or licensing within such jurisdiction. Any failure to comply with these restrictions may constitute a violation of the laws of other jurisdictions. Any securities to be distributed in connection with this transaction have not been and will not be registered under the U.S. Securities Act of 1933 (as amended) or the laws of any state of the U.S. Neither Siemens AG nor Siemens Energy AG intends to register any securities referred to herein in the U.S.

This communication is directed only at persons in the United Kingdom ("U.K.") in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply. This communication and the information contained therein does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and is not, and should not be considered as, a recommendation that any person should subscribe for or purchase any securities. This communication and the information contained therein is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) persons within the scope of article 43 of the Order or (iv) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication and the information contained therein relates is available only to and will be engaged in only with Relevant Persons, and any person who is not a Relevant Person must not act or rely on this communication or any of its contents. This communication and the information contained therein should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of Siemens AG or Siemens Energy AG.

This communication contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Siemens AG and Siemens Energy AG. Forward-looking statements involve known and unknown risks and uncertainties and, therefore, should not be construed as guarantees of future results, performance and events. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting Siemens Energy AG, and other factors. Siemens AG or Siemens Energy AG do not undertake any obligation to update any forward-looking statements.

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This communication is an advertisement for the purposes of the Prospectus Regulation EU 2017/1129 and underlying legislation. It is not a prospectus. The listing of the shares of Siemens Energy AG on the regulated market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) will take place on the basis of an approved prospectus. The prospectus has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – "BaFin") in accordance with the Prospectus Regulation regime. However, the approval of the prospectus by BaFin should not be understood as an endorsement of the shares of Siemens Energy AG. Investors should purchase shares solely on the basis of the prospectus relating to the shares and should read the prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the shares. Copies of the prospectus are available free of charge from Siemens Energy AG, Otto-Hahn-Ring 6, 81739 Munich, Germany, or on Siemens Energy AG’s website (

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Tim Proll-Gerwe

Siemens Energy

Werner-von-Siemens-Straße 1                       
80333 Munich

+49 (152) 2283-5652

Julian Flentge

Siemens Energy

Huttenstr. 12                                            
10553 Berlin 

+49 (172) 3220445