As part of a global restructuring exercise, the Siemens Distribution and Industry Division will become a wholly-owned company of Siemens Pte Ltd and take on the name Dematic S.E.A Pte Ltd from 1 April 2006. Globally, the new Dematic had already begun operations in Europe and US since 1 January 2006.
“As Dematic, we will continue to leverage on our global logistics knowledge and expertise. On the local level, we will continue to offer localized and industry specific systems solutions including consulting, implementation, service and support,” said Poul Lorentzen, Vice President, Dematic S.E.A Pte Ltd.
The newly-formed Dematic brings together all of Siemens’ specialists in logistics and distributions systems under one new global business structure. It is also a culmination of seven regional competence centers sited at cities across Europe, North America and the Asia Pacific, and four global industry groups: grocery and general merchandize, wholesale and direct distribution, food and beverage, and manufacturing and finished goods.
Added Mr. Lorentzen: “The transition to Dematic will be seamless for our customers. They will be dealing with the same business and the same people. In fact, the only material difference for them is probably the new name that they will see on our paperwork.
“At the same time, our customers will benefit from the event with the new business structure offering us an even more responsive structure, and better access to and more effective use of global resources. This translates to lower cost and more innovative and greater value solutions for our customers.”
Dematic hires more than 400 people in Asia Pacific, including 25 in Singapore. More than two thirds of its employees are qualified mechanical, electrical, electronics and software engineers, and service technicians.
Siemens Pte Ltd divests its interests in Siemens Westinghouse Technical Services Pte Ltd
Siemens Pte Ltd will divest all its interests in Siemens Westinghouse Technical Services Pte Ltd from 1 April 2006. The divested company will adopt the name SWTS Pte Ltd from that date and Siemens Pte Ltd will no longer have any shareholding, control or participation in the management of the new company.
Accompanied by full support from Siemens, the event follows a management buyout exercise executed by the management team of Siemens Westinghouse. Both companies recognize the long-term benefits of the separation for each to effectively pursue growth in their respective markets.
Mr. Bott shared: “The divestment is a strategic move for Siemens to focus our operations so that we can channel our resources to grow our core business.”
The new setup will maintain its existing organization structure and customers can expect the same level of expertise and professionalism from SWTS Pte Ltd.
Sim Bee Lim, Managing Director, SWTS Pte Ltd, said: “With a leaner outfit after the exercise, we will be able to respond even more promptly and flexibly to customer requirements, and improve service levels.”
An authorized service provider to the Siemens Automation and Drives group, SWTS Pte Ltd remains an important partner of Siemens. SWTS will also continue to use Siemens products for its projects and services with the added option of serving the market in an enlarged domain of its core business.
About Siemens Pte Ltd
Siemens Pte Ltd is the representative company of Siemens AG in Singapore whose business activities cover the fields of communications, automation and drives, building technologies, industrial solutions and services, power generation, power transmission and distribution, medical solutions and transportation systems.
About Siemens Singapore
With seven companies employing some 2,000 people, Siemens Group of Companies in Singapore is one of the largest German companies in Singapore. Siemens delivers state-of-the-art solutions and technologies in the fields of information and communications, automation and control, power, healthcare, transportation, lighting and home appliances. Globally and in Singapore, Siemens staff is dedicated to providing a full range of services, which include engineering, design, software development, marketing and maintenance as well as manufacturing.
For further information about Siemens Group of Companies in Singapore, please visit www.siemens.com.sg.
About Dematic S.E.A Pte Ltd
Dematic S.E.A Pte Ltd, formerly the Distribution and Industry division of the Logistics and Assembly Systems business unit, is a fully owned subsidiary of Siemens Pte Ltd. It continues its business life as a successful industry leader with a reputation for excellence in logistics and distribution systems consulting, design, systems integration, project management, service and support. Dematic S.E.A Pte Ltd functions as a Competence Centre for ASEAN and reports to Asia Pacific headquarters in Sydney, being one of seven regional hubs under Dematic GmbH & Co. KG.
About Dematic GmbH & Co. KG
With headquarters in Offenbach, Germany, Dematic GmbH & Co. KG is one of the world's leading suppliers of logistics automation solutions. As a systems integrator, Dematic delivers a full range of products and services, from individual products and systems to complete turnkey solutions as a general contractor, as well as comprehensive services.
The range of products and services that Dematic designs and delivers for companies of all sizes in the wholesale and retail business (including mail-order), the food and beverage industries, the chemical and pharmaceutical industries, manufacturing, and the automotive industry, is shaped by the industry expertise Dematic has acquired over decades of commitment worldwide. Dematic is a wholly-owned subsidiary of Siemens AG, with 4,500 employees and a business volume of more than $1.2 billion turnover (2005).
About SWTS Pte Ltd
With a staff strength of 160 employees, SWTS Pte Ltd is engaged in six core businesses: mechanical equipment repair and service; electrical motor, generator and transformer servicing, upgrading, repairing and rewinding; electrical power equipment and systems maintenance, upgrading, retrofitting, revamping, repairing, troubleshooting, designing, procurement, installation, testing and commissioning; prime mover governor controls services, upgrading and retrofitting; power and drive system engineering and packaging, and electrical material and parts supply.
Disclaimer
Any statements in this document that are not historical facts are forward-looking statements that involve risks and uncertainties; actual results may differ from the forward-looking statements. Siemens undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.