BERLIN – German industrial conglomerate Siemens AG announced that it plans to deconsolidate its 67% stake in Siemens Healthineers, marking a major structural shift as part of its strategy to sharpen its focus as a technology-driven company.
According to a company statement, Siemens will transfer 30% of its Healthineers shares to Siemens AG shareholders through a spin-off, effectively reducing its controlling interest and deconsolidating the healthcare subsidiary.
The move aims to simplify Siemens’ portfolio, enhance capital flexibility, and create long-term value for shareholders while strengthening its positioning as a “ONE Tech Company” focused on digital industries, smart infrastructure, and industrial AI.
Strategic Move Toward a Focused Tech Portfolio
Following the spin-off, Siemens Healthineers will become more independent, with a higher free float, which is expected to increase its attractiveness in capital markets as a leading player in medical technology.
The deconsolidation will occur after final regulatory approvals and the approval of both Siemens AG and Siemens Healthineers shareholders. Detailed plans on the structure and timing of the transaction are expected to be released in early Q2 2026.
Siemens will remain a minority shareholder in Healthineers but intends to gradually reduce its stake to a financial investment level over the medium term. The company reaffirmed its commitment to a progressive dividend policy even after the deconsolidation.
Siemens CEO: “We’re Focusing on a Synergistic Portfolio”
Commenting on the decision, Siemens AG President and CEO Roland Busch said the company has entered a new phase of growth:
“We are focusing on a synergistic Siemens portfolio. This is a logical next step in executing our strategy of uniting the real and digital worlds — emphasizing our digital businesses, software-defined hardware, and industrial AI.”
CFO Ralf Thomas highlighted that both Siemens and Siemens Healthineers have strong financial profiles and the strategic flexibility needed to create value in their respective markets through independent capital allocation.
“This deconsolidation gives Siemens greater flexibility, reduces complexity for capital markets, increases transparency, and simplifies governance structures. Moreover, the spin-off is a market-friendly way to distribute shares directly to our investors,” Thomas said.
Decision Follows Comprehensive Strategic Review
The decision follows a comprehensive strategic review assessing how both companies could best realize their full potential, accelerate transformation, and expand into new growth areas.
Siemens said the restructuring aligns with its “ONE Tech Company” vision, aimed at improving customer focus, driving faster innovation, and sustaining profitable growth.
The company will provide further updates during the “Siemens ONE Tech – Strategy and Results” event scheduled for November 13, where it will present its latest performance figures and technology agenda.
Source: Anadolu Ajansı/ Prepared by: İlayda Gök