
The new structure will come into effect at the start of Siemens’ financial year on October 1, with implementation set to conclude by March 31 2019.
Siemens CEO Joe Kaeser.
Siemen's’ Mobility division will be transferred into a legally separate company owned by Siemens in anticipation of its merger with Alstom, as part of a Siemens’ company-wide restructuring announced on August 1.
The new structure will come into effect at the start of Siemens’ financial year on October 1, with implementation set to conclude by March 31 2019.