Siemens puts its majority stake in healthcare technology subsidiary Healthineers under review. “We are evaluating the economic possibilities for Siemens AG in the healthcare sector” said Finance Chief Ralf Thomas to the “Handelsblatt”. From this, they will “infer how instrumental Healthineers is as an investment for Siemens.” The deliberations should be completed by a capital market day in 2025 at the latest.
Some investors have been demanding a reduction in the Healthineers stake for a long time. Currently, Siemens holds 75 percent. There are synergies with the other activities, Thomas said. “But are they big enough to justify a 45 billion euro capital allocation? Of course not.” At the moment, the stake is for Siemens an opportunity to use competitive advantages. Everything else will be evaluated until the capital market day. “There will definitely be an answer to the question of ‘best ownership’ that is, who is the best owner.”
Siemens wants to further build up its software businesses through its own growth and acquisitions. He can envision a doubling of the share of digital businesses from the current 12 percent, Thomas said. “At 20 to 25 percent, one is rather valued like a digital company, according to investor assessments.