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Siemens $300 million Walpole groundbreaking set for June 30

by Thomas Dworetzky, Contributing Reporter | June 23, 2017
Business Affairs

Siemens has over 60 U.S. manufacturing sites and the one in Walpole is considered “a flagship,” according to a company statement.

The Healthineers have been much in the news lately as Siemens moves ahead with its efforts to spin off the group.

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In February, before the meeting at the White House, Siemens expressed the possibility that the Healthineers may wind up publicly listed in the U.S. and not Europe.

"We don't have a final view on this yet, but we are looking at it very closely," Reuters reported Kaeser told Euro am Sonntag at the time.

But by March 30, after the White House meeting, a U.S. listing became less appealing. Kaeser advised that Siemens may not list its Healthineers business in the U.S. “under President Donald Trump” after all, at that time.

He told the Swiss newspaper Finanz and Wirtschaft that he “will have to think twice” about where to list the health care unit, mentioning Frankfurt and Hong Kong as possibilities, according to Reuters.

Despite the listing issues, however, by May plans were called “well advanced.”

“We have been preparing all the decisive steps and we are following three very interesting alternatives,” Ralf Thomas, chief financial officer, told Bloomberg TV at the time.

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