Siemens to sell water treatment business
ERLANGEN, Germany — Siemens has announced plans to sell its water purification and wastewater treatment business unit, Siemens Water Technologies.
The company said it has decided to reorganize its activities in the water business and intends to focus on automation and drive solutions for the control of water applications for municipalities and industry.
"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.