Which investment bank is Siemens Energy working with to sell a majority stake in its steam turbine business?

Siemens Energy AG is working with Goldman Sachs Group Inc. as it prepares to start fielding offers for a majority stake in its steam turbine business.

What is the reported annual revenue of Siemens Energy’s Transformation of Industry division, which includes steam turbines, generators, and compressors?

Siemens Energy’s Transformation of Industry business, which also makes generators and compressors, reported roughly €5.7 billion in revenue in the company’s last fiscal year.

Siemens Energy Taps Goldman Sachs for Steam Turbine Stake Sale

Aug 24, 2026

Siemens Energy is working with Goldman Sachs to sell a majority stake in its steam turbine business, valued at over €10 billion. Private equity firms including CVC and Bain are considering bids for the division.

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2026-08-24

Siemens Energy Taps Goldman Sachs for Steam Turbine Stake Sale

2026-08-25

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Siemens Energy Taps Goldman Sachs for Steam Turbine Stake Sale

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