MUNICH – The top executive of Siemens’s Electronics Assembly Systems today said the business unit welcomes the greater “freedom and opportunities” ahead as it is divested from its longtime corporate parent.

Siemens today officially acknowledged the unit would be transferred into a wholly owned, independent subsidiary by September, the end of the company’s fiscal year.

The move, the company said, could open the door to a joint venture with other electronics companies, a sale or a spinoff.

In a press release, EAS CEO Guenter Lauber said, “An independent EA opens the door to great opportunities for the entire Siplace team. As a business unit of Siemens AG, we had to integrate ourselves into the overall structure, processes and procedures of a large company. The new constellation provides us with more freedom and more opportunities and will enable us to tackle many improvements that had originally been scheduled for the coming years in order to prepare ourselves for the future and the global market.”

 

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