Tag: siemens

Siemens wants its suppliers to meet tough new rules

Any supplier hoping to peddle their wares to Siemens will have to meet tough new cybersecurity standards.

The new requirements will be introduced step-by-step starting on February 15, 2019, and anchored in a separate, binding clause in all new contracts. They mostly apply to suppliers of security-critical components such as software, processors and electronic components for certain types of control units.

Siemens expands 3D printing machine operation

history-of-print-16th-century-printing-companySiemens is investing £27 million in a manufacturing facility for its Worcester-based 3D printing specialist Materials Solutions.

A new building, set to open in September, will enable it to increase its fleet of 3D printing machines from 15 to 50 over the next five years.

Siemens acquired an 85 percent majority stake in Materials Solutions in 2016.

Siemens UK CEO Juergen Maier said:”This significant investment underlines our belief that there is huge potential for innovation and growth within the additive manufacturing sector,” said Siemens UK CEO Juergen MaieJuergen Maier,

“It is also the next step towards achieving our ambition of pioneering the industrialisation of 3D printing and demonstrates how we are leading the way for the fourth industrial revolution.”

Maier said if the UK’s manufacturing sector is to grow and thrive, the industry must embrace digital technologies and build new industries based on them.

Materials Solutions GM, Phil Hatherley, said: “Our Worcester-based team are specialists in using additive manufacturing technology to solve complex engineering challenges for our customers across a range of sectors including aerospace, automotive and power generation.

“Our new facility will give us space and scope to continue to innovate for these specialist and demanding industries and achieve a shift in the perception of 3D printing from being a technology associated with prototyping to a viable option for the serial production of additively manufactured parts.”

Raiffeisen wants to sell Comparex

saleDespite the fact it is doing rather well, and even recently opened a branch in the US, the German Raiffesisen Bank wants to off-load Comparex.

The price could amount to EUR 350 million ($391 million) which strikes us as a little on the cheap side.

In 2013/14 the firm generated revenue of EUR 1.5 billion.

Comparex was established in 1986 as a joint venture of BASF and Siemens and specialises in licence management, software procurement and technical product consultation

Comparex is a large Microsoft licensing solutions partner (LSP) and also sells licences from Adobe, CA, Citrix, IBM, Symantec and VMware.

Raiffeisen has been the sole owner of Comparex since 2011 but the bank needs cash after a disastrous number of investments in Russia and Ukraine.