Siemens will invest €300 million to expand its manufacturing capacity in Germany. The expansion will create 700 new jobs. The company expects to complete these hires by the end of 2030.
Production will target technologies for AI data centers and the global energy transition. Siemens secured a long-term lease for the former Manroland printing machinery works in Offenbach to support this growth.
Separately, Siemens launched a share buyback program on July 1, 2026. The company plans to repurchase up to €6 billion of its own shares. This program is capped at 70 million shares. The buyback initiative will conclude by July 31, 2031. Repurchased shares will fund retirement and employee share programs.