Investments

Despite Brexit uncertainty, Siemens to continue investment in Britain

Siemens remains committed to Britain despite the economic uncertainty caused by Brexit, according to Juergen Maier, the UK CEO of the German engineering giant.

Maier said that Siemens, which employs 15,000 people across the UK, will push ahead with plans to invest £860 million into startups across London (and Berlin) that are focusing on areas such as artificial intelligence (AI) and virtual reality.

“We are ever more interested in investing in startup tech companies, particularly in the field of industrial digitisations,” said Maier, adding that the investments will be made through Siemens’ Next 47 initiative.

“Brexit causes uncertainty but we believe London and Britain will remain open for business,” said Maier. “We will continue to invest there.”

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