German industrial group Siemens (SIEGn.DE) sees an
opportunity to profit from increased infrastructure investment in
the United States following the surprise victory of Donald Trump in
the presidential election, its chief executive said on
Thursday.
"Give him a chance, let's see what we can do together and take
the positive out of it," Joe Kaeser said in an interview on
Bloomberg TV.
Trains-to-turbines group Siemens employs 50,000 people and makes
$22 billion in revenues in the United States, its single biggest
market, accounting for a quarter of its total sales.
Kaeser added that he was unconcerned by Trump's plans to focus
on fossil fuel-based energy sources at the likely expense of solar,
wind and other forms of renewable energy, saying Siemens' strategy
did not depend on government subsidies.
Siemens is merging its wind-power business with that of Spain's
Gamesa (GAM.MC) to create the world's biggest maker of wind
farms.