ERLANGEN, Germany — Siemens is reorganizing its activities in the water business and intends to focus in the future on automation and drive solutions for the control of water applications for municipalities and industry, the company announced Thursday.
As part of the reorganization, Siemens said it plans to sell its water treatment business unit, Siemens Water Technologies, along with corresponding service activities.
RELATED: Siemens broadens wastewater and water treatment portfolio
“This business shows only minor synergies with our industrial portfolio, as the skills for water treatment are primarily based on chemical expertise. Instead of investing into that business, we want to gear our resources toward our core portfolio,” said Siegfried Russwurm, member of the Siemens AG Managing Board and CEO of the Industry Sector.