Flender/Flender Gear Units/Helical gear units H4
her in this digital ecosystem to optimize their development, procurement and marketing. This acquisition strengthens our strategy for digital marketplace.

By acquiring Sqills, weve been supporting Siemens Mobil itys digital strategy. Sqills enables rail and bus operators to replace their

existing systems with single digital booking system. Weve also generated additional value with two minority stakes. Fluence Energy, leading energy

storage company that pro vides applications for power grids. And Thoughtworks, company that offers consulting services for the Internet of

Things. Both companies successfully went public last year. Finally, the successful conclusion of Siemens Healthineers acquisition of Vari an marked huge step. At US$1.4 billion, it was the largest acquisition in Siemens history! This move has created global leader in cancer therapy. The combined company offers unique, highly integrated portfolio of imaging systems, laboratory diagnos tics, artificial intelligence, and treatments. To date, our markets have had volume of around 4 billion. With the acquisitions just mentioned and new offerings, were tapping additional adjacent markets in particular, markets with highly attractive growth rates, such as the market for digital transformation consulting services. These additional markets have total volume of around 1 billion. Speech by Roland Busch to the Annual Shareholders Meetin 2 Seite 9 von 1 Of course, its not just about growth and size alone, but also about focus. Thats why we parted with ome businesses. Businesses that were no longer good match for us and which, conversely, benefit from having more suitable owner. This is another way weve increased the value of our company. One strong example here is the sale of Flender. In recent yea rs, we put this business on growth trajectory, invested in innovations, and increased its profitability. Now weve found new owner that wants to continue on this cours