Siemens Energy AG (XETR:ENR) will rebrand as Omterra later this year as it merges its power-and-gas arm with Siemens Gamesa while Siemens AG retains about a 10% stake, and the company has been buying back shares—3,219,005 cumulatively after 604,090 repurchased July 6–12.
Previous Week Recap
- Siemens Energy Rebrands To Omterra: Siemens Energy AG will rebrand to Omterra later this year, merging its power-and-gas business with Siemens Gamesa. Siemens AG will keep about a 10% stake; no customer or staff changes.
- Siemens Energy Buys Shares: Siemens Energy AG (ENR) bought 604,090 shares from July 6–12, 2026, raising cumulative repurchases to 3,219,005 shares (June 4–July 12). Trades executed on Xetra, CBOE DXE, Aquis, Turquoise.
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