# Siemens Energy to spin off Transformation of Industry > Live situation record from CLSTR: https://clstr.news/situations/siemens-energy-division-spin-off-discussions > Updated: 2026-08-31T05:55:44.000Z. Sources: 24. Developments: 4. Siemens Energy is advancing the legal and operational separation of its ‘Transformation of Industry’ (ToI) division, which is expected to operate under the new brand name Omterra. The division, comprising steam turbines, compressors, and hydrogen electrolyzers, employs approximately 17,000 people. While the 2025 fiscal year reported roughly €5.7 billion in revenue with an 11.3 percent profit margin, more recent data indicates the unit generates approximately $6.2 billion in annual revenue. To facilitate the transition, Siemens Energy has engaged Goldman Sachs to advise on a potential sale of a majority stake. The company intends to de-consolidate the unit while retaining a meaningful minority stake, exploring structures such as capital market transactions or the introduction of external investors. The potential carve-out has attracted interest from several private equity firms, including CVC Capital Partners, EQT, Bain Capital, Brookfield, and KKR. Analysts have estimated the division’s value could exceed €10 billion. The restructuring follows pressure from institutional investors regarding financial transparency and the division’s performance compared to other power businesses. CEO Christian Bruch stated the move allows the company to prioritize investments in power generation, electricity transmission, and grid technology—sectors seeing rising demand from infrastructure needs like artificial intelligence data centers. Service work currently accounts for roughly half of the division's turnover. ## Claims - Siemens Energy is preparing to spin off its Transformation of Industry division. (corroborated by 6 sources) - The Transformation of Industry division generated approximately 5.7 billion euros in revenue in the 2025 fiscal year. (corroborated by 6 sources) - The division employs around 17,000 people. (corroborated by 6 sources) - The Transformation of Industry division is estimated to be worth between 8 billion and over 10 billion euros. (corroborated by 5 sources) - The company plans to retain a significant minority stake in the division after the separation. (corroborated by 5 sources) - The strategic shift aims to focus investments on power generation, electricity transmission, and grid technology. (corroborated by 5 sources) - The Transformation of Industry division achieved an 11.3 percent profit margin in fiscal year 2025. (corroborated by 5 sources) - Siemens Energy has engaged Goldman Sachs to advise on the potential sale of a majority stake in the Transformation of Industry unit. (corroborated by 4 sources) - Potential bidders for the division include CVC Capital Partners, EQT AB, Bain Capital, Brookfield, and KKR & Co. (corroborated by 4 sources) ## Timeline ### 2026-08-31: Siemens Energy advances separation of industrial division Siemens Energy is preparing to spin off its 17,000-employee Transformation of Industry division as a standalone entity, with Goldman Sachs advising and private equity firms showing interest. 4 sources. https://clstr.news/cluster/siemens-energy-advances-separation-of-industrial-division ### 2026-08-26: Siemens Energy to spin off Transformation of Industry division Siemens Energy plans to spin off its Transformation of Industry division into an independent entity named Omterra, potentially valued at over $10 billion, to focus on power generation and grid technology. 9 sources. https://clstr.news/cluster/siemens-energy-to-spin-off-transformation-of-industry-division ### 2026-08-24: Siemens Energy to spin off Transformation of Industry division Siemens Energy is planning to spin off its Transformation of Industry division, potentially selling a majority stake valued at over 10 billion euros with Goldman Sachs advising the process. 14 sources. https://clstr.news/cluster/siemens-energy-considers-10-billion-sale-of-steam-turbine-unit ### 2026-07-28: Siemens Energy’s Erfurt plant sees worker unease over possible division spin‑off Siemens Energy’s Erfurt generator plant, despite full order books, faces worker unease over possible spin‑off of its ‘Transformation of Industry’ division, urging board chair Joe Kaeser to protect the site. 2 sources. https://clstr.news/cluster/siemens-energys-erfurt-plant-sees-worker-unease-over-possible-division-spinoff --- Cite as: Siemens Energy to spin off Transformation of Industry. CLSTR, https://clstr.news/situations/siemens-energy-division-spin-off-discussions