"We are rigorously focusing our business on growth," says Mr Peter Löscher, president and CEO of Siemens. "Our new setup will put us even closer to our customers. The Infrastructure & Cities Sector will open up additional business opportunities in the growth market of cities."

Mr Roland Busch has been appointed CEO of the Infrastructure & Cities Sector, which will be based in Munich. "Cities face the enormous challenge of reconciling urban growth with a good quality of life," says Busch. "We can offer them comprehensive solutions from one hand to achieve this."