Siemens sets 2027 vote for Healthineers spin-off

Siemens plans to put a shareholder vote on the direct spin-off of Siemens Healthineers shares on the agenda for its next ordinary Annual General Meeting in February 2027.

Under the planned transaction, Siemens AG shareholders would receive Siemens Healthineers AG shares directly. The company said it is preparing the spin-off under the German Transformation Act.

The announcement follows progress since Siemens first outlined the direct spin-off structure in November 2025. Final regulatory confirmation remains outstanding, according to the company.

Siemens said it has also advanced work on the separation process. This includes preparation of the transaction and review of key contractual relationships between the companies.

In November 2025, Siemens said it planned to deconsolidate its remaining stake in Siemens Healthineers, then approximately 67%, by transferring 30% of Healthineers shares to Siemens AG shareholders.

The company said at the time that the transaction remained subject to final regulatory clarifications and approvals by the shareholder meetings of both Siemens and Siemens Healthineers.

Siemens announced plans to publicly list its healthcare business in November 2016. Siemens Healthineers later debuted on the Frankfurt Stock Exchange in 2018, with Siemens AG holding an 85% stake after the IPO, assuming full exercise of the greenshoe option.