“You cannot create additional value by further portfolio changes,” he told “Manager Magazin” in an interview published Thursday. “The portfolio of a company must be reasonably coherent, that is, it must have a link and there must not be too large a gap between growth and margin.” Busch’s predecessor, Joe Kaeser, floated the Siemens Healthineers medical technology division on the stock exchange and ceded a majority stake to Siemens Energy.

In the interview, Busch cited the biggest projects: “Above all, our Valeo Siemens electric motor joint venture is not happy with us because we are still losing money,” he said. The joint venture with the French company Valeo is one of the “holding companies” which does not really fit in with the rest of the company. But in the core business of building and network technology, there are also problems, according to Busch: “With Smart Infrastructure, we need to get our business in order with network management software and improve suppliers. of power electronics purchased. “

With Siemens’ increased focus on software, Busch wants to forgo major acquisitions: “Smaller, complementary acquisitions take us further. We generate new functions and additional volume, and they are easier to integrate. “

Siemens shares finally lost 2.71% to 138.70 euros in the morning via XETRA.

Munich (Reuters)

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