Siemens AG will increase its stake in the publicly listed Indian company Siemens Ltd. from 55.3 percent to 75 percent. During the offer period, which commenced on March 25, 2011 and closed on April 13, 2011, shareholders of Siemens Ltd. offered to sell Siemens AG a total of 29 percent of all outstanding shares. This was nearly 1.5 times the amount to be acquired. To reach the 75 percent figure, Siemens will acquire from the offerers, on a proportional basis, an additional stake of 19.7 percent. This move will enable Siemens to successfully further develop its business in India.

As announced at the end of January 2011, the company offered the shareholders of Siemens Ltd. INR930 per share, and is thereby investing a total of roughly €1 B. Siemens’ offer was 28 percent above the closing share price on January 28, 2011 (INR728) and 20 percent above the minimum share price (INR772), as required by Indian regulations. The successful increase in the shareholding assumes that all shareholder offers are valid. The shares are traded on the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd.

In fiscal 2010 (which ended September 30, 2010), Siemens Ltd. India generated revenue of more than INR90 billion (roughly €1.5 B) and a profit from operations of about INR12 billion (about €200 M). In fiscal 2010, Siemens Ltd. had approximately 7,500 employees.