|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||54.23 - 56.00|
|52-week range||51.83 - 89.66|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||16.30|
|Forward dividend & yield||2.27 (4.17%)|
|Ex-dividend date||11 Feb 2022|
|1y target est||95.02|
Volkswagen (VWAGY) to sell stake in its Electrify America subdivision to Siemens for $2 billion. It launches its all-electric sedan, ID. Aero Concept.
German industrial giant Siemens AG is investing more than $100 million in Volkswagen AG's Electrify America unit, becoming the first outside investor in the North American network of electric vehicle charging stations. Including new funds from its parent Volkswagen, the Electrify America unit would receive a total injection of $450 million, the companies said. The partnership in Electrify America is "part of a much larger investment that Siemens is making in the electrification market," said John DeBoer, head of the Siemens' North American e-mobility unit.
Siemens is buying U.S. tech company Brightly Software from private equity owner Clearlake Capital for $1.58 billion, the German engineering group said on Monday, its latest move to broaden its software credentials and grow faster than rivals. Siemens Smart Infrastructure, which offers digital systems to manage buildings' security and energy consumption, is buying Brightly to expand its offering in the area of "software as a service" (SAAS). Brightly, based in North Carolina, makes cloud-based software that collects data from sensors installed in buildings and analyses when maintenance will be needed before a problem occurs.