# Siemens Energy seeks majority stake sale in steam turbine unit

Siemens Energy has enlisted Goldman Sachs to seek offers for a majority stake in its steam turbine and compressor business (Transformation of Industry division), which could be valued at over €10 billion.

- Type: Acquisition
- Announced: 2026-08-27
- Where: Germany
- Value: $11.7B (10.0B EUR)
- Status: announced
- Products: steam turbines, compressors
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md)
- [Goldman Sachs](https://endata.com/companies/2175.md) (partner)

## Sources

- [turbomachinerynews.com](https://www.turbomachinerynews.com/2026/08/siemens-energy-enlists-goldman-sachs-for-blockbuster-steam-turbine-unit-stake-sale/), 2026-08-27: "The sale could value the business at more than €10 billion, equivalent to roughly $11.7 billion."
- [turbomachinerynews.com](https://www.turbomachinerynews.com/2026/09/siemens-energy-moves-to-sell-11-7-billion-steam-turbine-powerhouse/), 2026-09-16: "Siemens Energy is preparing to sell a controlling interest in a major industrial business that produces steam turbines, generators, and compressors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.