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Siemens Consolidates In New Zealand

18 Spetember 2005

Siemens Consolidates In New Zealand For Future Growth

Siemens has today announced the amalgamation of the New Zealand Siemens Energy Services Limited business with the existing core operations of Siemens (NZ) Limited.

The amalgamation will have legal effect from 1 October 2005.

Chairman and Managing Director of Siemens Australia and New Zealand, Albert Goller, said the decision to bring the businesses together consolidates and strengthens Siemens in New Zealand.

"As separate businesses, the New Zealand performance over the past few years has been pleasing," said Mr Goller.

"Bringing the two businesses together confirms the Siemens long-term commitment to the New Zealand market and provides opportunities to deliver broader offerings to our clients."

Gottfried Pausch has been appointed as Managing Director for the combined operations.

The appointment takes effect immediately.

Mr Pausch was previously the Chief Executive Officer for Siemens Energy Services Limited and has overseen the growth of the business since its formation in May 2001 following the acquisition by Siemens AG in Germany of the United Networks Contracting Field Services business.

"The amalgamation of Siemens Energy Services with Siemens New Zealand enables further synergies to be realised across the diverse technology based solutions offered in power, communications, automation, transportation, healthcare and buildings segments," said Mr Pausch.

"We have a genuine opportunity to grow and develop a sustainable, reliable and accountable business here in New Zealand."

Since joining Siemens in 1986, Mr Pausch has held a number of senior positions across the Asia Pacific. Mr Pausch has a Bachelor in Electrical Engineering and has gained an MBA from Duke University in North Carolina USA.

A notable achievement for Mr Pausch while at Siemens Energy Services was to receive a recent safety award at the annual Electrical Engineers Association Awards for the implementation of a number of safety initiatives which resulted in a reduction of the company's lost time injury frequency rate from 30 in 2001 to zero in 2005.

About Siemens in New Zealand Siemens has operated in New Zealand for over 125 years. With well-established businesses in both Australia and New Zealand, Siemens is a diversified technology based solutions provider specialising in power, communications, transportation, healthcare, buildings and automation.

At the end of fiscal 2004 (September 2004), Siemens achieved AUD 2.224 billion in new orders received with 3,251 employees (500 in New Zealand). Siemens in Australia and New Zealand is part of the Siemens global network of innovation which operates in 190 countries throughout the world.

ENDS

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