Siemens - Wikipedia

4/28/24, 8:46 PM Siemens - Wikipedia
Siemens
Siemens AG (German pronunciation: [ˈziːməns] ⓘ [3][4][5] or
Siemens AG
[-mɛns][5]) is a German multinational technology
conglomerate. Its operations encompass automation and
digitalization in the process and manufacturing industries,
intelligent infrastructure for buildings and distributed energy
systems, rail transport solutions, as well as health technology
and digital healthcare services.[6] Siemens is the largest
industrial manufacturing company in Europe,[7] and holds the
position of global market leader in industrial automation and
industrial software.[8]
The origins of the conglomerate can be traced back to 1847 to

the Telegraphen Bau-Anstalt von Siemens & Halske
established in Berlin by Werner von Siemens and Johann
Georg Halske. In 1966, the present-day corporation emerged Headquarters in Munich
from the merger of three companies: Siemens & Halske, Company Public
Siemens-Schuckert, and Siemens-Reiniger-Werke. Today type (Aktiengesellschaft)
headquartered in Munich and Berlin, Siemens and its
Traded as FWB: SIE (https://w
subsidiaries employ approximately 320,000 people worldwide
ww.boerse-frankfur
and reported a global revenue of around €78 billion in 2023.[6] t.de/global-search/
The company is a component of the DAX and Euro Stoxx 50 SIE)
stock market indices.[9] As of December 2023, Siemens is the DAX component
second largest German company by market capitalization.[10]
ISIN DE0007236101 (htt
ps://isin.toolforge.or
As of 2023, the principal divisions of Siemens are Digital
g/?language=en&is
Industries, Smart Infrastructure, Mobility, Healthineers, and
in=DE0007236101)
Financial Services, with Siemens Healthineers and Siemens
Industry Conglomerate
Mobility operating as independent entities. Major business
divisions that were once part of Siemens before being spun off Predecessors Siemens & Halske
include semiconductor manufacturer Infineon Technologies Siemens-Schuckert
(1999), Siemens Mobile (2005), Gigaset Communications Siemens-Reiniger-
(2008), the photonics business Osram (2013), and Siemens Werke
Energy (2020). Founded 1 October 1847
Berlin, Kingdom of
History Prussia
Founder Werner von
Siemens
1847 to 1901 Headquarters Munich,
Germany[1]
Siemens & Halske was founded by Werner von Siemens and
Johann Georg Halske on 1 October 1847. Based on the Area served Worldwide
telegraph, their invention used a needle to point to the Key people Roland Busch
(CEO)
Jim Hagemann
Snabe (Chairman)
https://en.wikipedia.org/wiki/Siemens 1/32
sequence of letters, instead of Products industrial

using Morse code. The company, automation, drive
then called Telegraphen- technology, building
Bauanstalt von Siemens & technology, energy
technology,
Halske, opened its first workshop
financial services,
on 12 October.[11] medical technology,
mobility solutions,
In 1848, the company built the
software
first long-distance telegraph line
Revenue €77.769 billion
in Europe: 500 km from Berlin to
(2023)[2]
Werner von Siemens, co-
Frankfurt am Main. In 1850, the
Operating €11.201 billion
founder of Siemens & founder's younger brother, Carl income (2023)[2]
Halske Wilhelm Siemens, later Sir
Net income €8.529 billion
William Siemens, started to
(2023)[2]
represent the company in London.
The London agency became a branch office in 1858. In the Total assets €145.067 billion
(2023)[2]
1850s, the company was involved in building long-distance
telegraph networks in Russia. In 1855, a company branch Total equity €53.060 billion
(2023)[2]
headed by another brother, Carl Heinrich von Siemens,
opened in St Petersburg, Russia. In 1867, Siemens completed Owner Siemens family
(6.9%)
the monumental Indo-European telegraph line stretching over
11,000 km from London to Calcutta.[12] Number of 320,000 (2023)[2]
employees
In 1867, Werner von Siemens described a dynamo without Divisions Siemens Digital
permanent magnets.[13] A similar system was also Industries
independently invented by Ányos Jedlik and Charles Siemens Smart
Wheatstone, but Siemens became the first company to build Infrastructure
such devices. In 1881, a Siemens AC Alternator driven by a Siemens Mobility
watermill was used to power the world's first electric street Siemens
lighting in the town of Godalming, United Kingdom. The Healthineers (75%)
company continued to grow and diversified into electric trains Siemens Financial
and light bulbs. In 1885, Siemens sold one of its generators to Services
George Westinghouse, thereby enabling Westinghouse to Website siemens.com (http
begin experimenting with AC networks in Pittsburgh, s://www.siemens.c
Pennsylvania. om/)
In 1887, Siemens opened its first office in Japan.[14] In 1890,

the founder retired and left the running of the company to his
brother Carl and sons Arnold and Wilhelm. In 1892, Siemens
was contracted to construct the Hobart electric tramway in
Tasmania, Australia, as it increased its markets. The system
opened in 1893 and became the first complete electric tram
network in the Southern Hemisphere.[15]
First electric locomotive, built in 1879
by company founder Werner von
1901 to 1933 Siemens
Siemens & Halske (S & H) was incorporated in 1897 and then
merged parts of its activities with Schuckert & Co.,
Nuremberg, in 1903 to become Siemens-Schuckert. In 1907, Siemens (Siemens & Halske and
Siemens-Schuckert) had 34,324 employees and was the

seventh-largest company in the German empire by number of
employees.[16] (see List of German companies by employees
in 1907)
In 1919, S & H and two other companies jointly formed the

Osram lightbulb company.[17]
The company built airplanes during During the 1920s and 1930s, S &
World War I, for example, this H started to manufacture radios,
Siemens airplane in 1926 for Ernst television sets, and electron
Udet. microscopes.[18]
In 1932, Reiniger, Gebbert &

Schall (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-
Veifa mbH (Berlin) merged to form the Siemens-Reiniger-Werke AG
(SRW), the third of the so-called parent companies that merged in
1966 to form the present-day Siemens AG.[19]
In the 1920s, Siemens constructed the Ardnacrusha Hydro Power

station on the River Shannon in the then Irish Free State, and it was a
British Siemens
world first for its design. The company is remembered for its desire to
advertisement from the
raise the wages of its underpaid workers, only to be overruled by the 1920s
Cumann na nGaedheal government.[20]
1933 to 1945
Siemens (at the time:
Siemens-Schuckert)
exploited the forced
labour of deported
people in extermination
camps. The company
owned a plant in
Auschwitz concentration
A Siemens truck being used as a Nazi
Prisoners around 1944 working at a camp.[21][22]
public address vehicle in 1932
Siemens factory in KZ Bobrek, a
subcamp of Auschwitz concentration Siemens exploited the
camp[21] forced labour of women
deported to the Ravensbrück concentration camp; a Siemens
factory was located in front of the camp.[23]
During the final years of World War II, numerous plants and factories in Berlin and other major
cities were destroyed by Allied air raids. To prevent further losses, manufacturing was therefore
moved to alternative places and regions not affected by the air war. The goal was to secure
continued production of important war-related and everyday goods. According to records, Siemens
was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in
early 1945.
In 1972, Siemens sued German satirist F.C. Delius for his satirical
history of the company, Unsere Siemens-Welt, and it was determined
much of the book contained false claims although the trial itself
publicized Siemens's history in Nazi Germany.[24] The company
supplied electrical parts to Nazi concentration camps and death
camps. The factories had poor working conditions, where malnutrition
and death were common. Also, the scholarship has shown that the
camp factories were created, run, and supplied by the SS, in
conjunction with company officials, sometimes high-level
officials.[25][26][27][28]
Siemens Factory and 1945 to 2001

Ravensbrück concentration
In the 1950s, and from their new base in Bavaria, S&H started to
camp
manufacture computers, semiconductor devices, washing machines,
and pacemakers. In 1966, Siemens & Halske (S&H, founded in 1847),
Siemens-Schuckertwerke (SSW, founded in 1903) and Siemens-Reiniger-Werke (SRW, founded in
1932) merged to form Siemens AG.[29] In 1969, Siemens formed Kraftwerk Union with AEG by
pooling their nuclear power businesses.[30]
The company's first digital telephone exchange was produced in 1980,

and in 1988, Siemens and GEC acquired the UK defence and
technology company Plessey. Plessey's holdings were split, and
Siemens took over the avionics, radar and traffic control businesses—
as Siemens Plessey.[31]
In 1977, Advanced Micro Devices (AMD) entered into a joint venture

with Siemens, which wanted to enhance its technology expertise and
enter the American market.[32] Siemens purchased 20% of AMD's
stock, giving the company an infusion of cash to increase its product
lines.[32][33][34] The two companies also jointly established Advanced
Micro Computers (AMC), located in Silicon Valley and in Germany, A 1973 Siemens electron
allowing AMD to enter the microcomputer development and microscope on display at
manufacturing field,[32][35][36][37] in particular based on AMD's the Musée des Arts et
second-source Zilog Z8000 microprocessors.[38][39] When the two Métiers in Paris
companies' vision for Advanced Micro Computers diverged, AMD
bought out Siemens's stake in the American division in
1979.[40][41] AMD closed Advanced Micro Computers in late
1981 after switching focus to manufacturing second-source
Intel x86 microprocessors.[38][42][43]
In 1985, Siemens bought Allis-Chalmers' interest in the

partnership company Siemens-Allis (formed 1978) which
supplied electrical control equipment. It was incorporated into
Siemens's Energy and Automation division.[44]
In 1987, Siemens reintegrated Kraftwerk Union, the unit Historical Siemens logos
overseeing nuclear power business.[30]
In 1987, Siemens acquired Kongsberg Offshore from the Norwegian Government, selling it on to
FMC Technologies in 1993 [45]
In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing
plants, from industry pioneer ARCO Solar, owned by oil firm ARCO.[46]
In 1991, Siemens acquired Nixdorf Computer and renamed it Siemens Nixdorf

Informationssysteme, in order to produce personal computers.[47]
In October 1991, Siemens acquired the Industrial Systems Division of Texas Instruments, based in
Johnson City, Tennessee. This division was organized as Siemens Industrial Automation,[48] and
was later absorbed by Siemens Energy and Automation, Inc.
In 1992, Siemens bought out IBM's half of ROLM (Siemens had bought into ROLM five years
earlier), thus creating SiemensROLM Communications; eventually dropping ROLM from the name
later in the 1990s.[49]
In 1993–1994, Siemens C651 electric trains for Singapore's Mass Rapid Transit (MRT) system were
built in Austria.
In 1997, Siemens agreed to sell the defence arm of Siemens Plessey to British Aerospace (BAe) and
a German aerospace company, DaimlerChrysler Aerospace. BAe and DASA acquired the British
and German divisions of the operation respectively.[50]
In October 1997, Siemens Financial Services (SFS) was founded to act as a competence center for
financing issues and as a manager of financial risks within Siemens.
In 1998, Siemens acquired Westinghouse Power Generation for more than $1.5 billion from the
CBS Corporation and moving Siemens from third to second in the world power generation
market.[51]
In 1999, Siemens's semiconductor operations were spun off into a new company called Infineon
Technologies. Its Electromechanical Components operations were converted into a legally
independent company: Siemens Electromechanical Components GmbH & Co. KG, (which, later
that year, was sold to Tyco International Ltd for approximately $1.1 billion.[52]
In the same year, Siemens Nixdorf Informationssysteme AG became part of Fujitsu Siemens
Computers, with its retail banking technology group becoming Wincor Nixdorf.[47]
In 2000, Shared Medical Systems Corporation[53] was acquired by the Siemens's Medical
Engineering Group,[54] eventually becoming part of Siemens Medical Solutions.
Also in 2000, Atecs-Mannesman was acquired by Siemens,[55] The sale was finalised in April 2001
with 50% of the shares acquired, acquisition, Mannesmann VDO AG merged into Siemens
Automotive forming Siemens VDO Automotive AG, Atecs Mannesmann Dematic Systems merged
into Siemens Production and Logistics forming Siemens Dematic AG, Mannesmann Demag
Delaval merged into the Power Generation division of Siemens AG.[56] Other parts of the company
were acquired by Robert Bosch GmbH at the same time.[57] Also, Moore Products Co. of Spring
House, PA USA was acquired by Siemens Energy & Automation, Inc.[58]
2001 to 2005
In 2001, Chemtech Group of Brazil was incorporated into the

Siemens Group;[59] it provides industrial process optimisation,
consultancy and other engineering services.[60]
Also in 2001, Siemens formed joint venture Framatome with

Areva SA of France by merging much of the companies' nuclear
businesses.[30]
In 2002, Siemens sold some of its business activities to A Siemens Velaro high speed train
Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering in service on the Cologne–Frankfurt
high-speed rail line
business included in the sale package.[61]
In 2002, Siemens abandoned the solar photovoltaic industry by

selling its participation in a joint-venture company, established in 2001 with Shell and E.ON, to
Shell.[62]
In 2003, Siemens acquired the flow division of Danfoss and incorporated it into the Automation
and Drives division.[63] Also in 2003 Siemens acquired IndX software (realtime data organisation
and presentation).[64][65] The same year in an unrelated development Siemens reopened its office
in Kabul.[66] Also in 2003 agreed to buy Alstom Industrial Turbines; a manufacturer of small,
medium and industrial gas turbines for €1.1 billion.[67][68] On 11 February 2003, Siemens planned
to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as
spring -summer and autumn-winter collections.[69] On 6 March 2003, the company opened an
office in San Jose.[70] On 7 March 2003, the company announced that it planned to gain 10 per
cent of the mainland China market for handsets.[71] On 18 March 2003, the company unveiled the
latest in its series of Xelibri fashion phones.[72]
In 2004, the wind energy company Bonus Energy in Brande, Denmark was acquired,[73][74]
forming Siemens Wind Power division.[75] Also in 2004, Siemens invested in Dasan Networks
(South Korea, broadband network equipment) acquiring ~40% of the shares,[76] Nokia Siemens
disinvested itself of the shares in 2008.[77] The same year Siemens acquired Photo-Scan (UK,
CCTV systems),[78] US Filter Corporation (water and Waste Water Treatment Technologies/
Solutions, acquired from Veolia),[79] Huntsville Electronics Corporation (automobile electronics,
acquired from Chrysler),[80] and Chantry Networks (WLAN equipment).[81]
In 2005, Siemens sold the Siemens mobile manufacturing business to BenQ, forming the BenQ-
Siemens division. Also in 2005 Siemens acquired Flender Holding GmbH (Bocholt, Germany,
gears/industrial drives),[82] Bewator AB (building security systems),[83] Wheelabrator Air
Pollution Control, Inc. (Industrial and power station dust control systems),[84] AN Windenergie
GmbH. (Wind energy),[85] Power Technologies Inc. (Schenectady, USA, energy industry software
and training),[86] CTI Molecular Imaging (Positron emission tomography and molecular imaging
systems),[87][88] Myrio (IPTV systems), Shaw Power Technologies International Ltd (UK/USA,
electrical engineering consulting, acquired from Shaw Group),[89][90] and Transmitton (Ashby de
la Zouch UK, rail and other industry control and asset management).[91]
2005 and continuing: worldwide bribery scandal

Beginning in 2005, Siemens became embroiled in a multi-national bribery scandal.[92] Among the
various incidents was the Siemens Greek bribery scandal, where the company was accused of deals
with Greek government officials during the 2004 Summer Olympics. This case, along with others,
triggered legal investigations in Germany, initiated by prosecutors in Italy, Liechtenstein, and

Switzerland, and later followed by an American investigation in 2006 due to the company's
activities while listed on US stock exchanges.[93]
Investigations found that Siemens had a pattern of bribing officials to secure contracts, with the
company spending approximately $1.3 billion on bribes across several countries, and maintaining
separate accounting records to conceal this. Following the investigations, Siemens settled in
December 2008, paying a combined total of approximately $1.6 billion to the US and Germany in
what was, at the time, the largest bribery fine in history.[93] In addition, the company was required
to invest $1 billion in developing and maintaining new internal compliance procedures. Siemens
admitted to violating the accounting provisions of the Foreign Corrupt Practices Act, while its
Bangladesh and Venezuela subsidiaries pleaded guilty to paying bribes.[94]
Despite initial expectations of a fine as high as $5 billion, the final amount was significantly less, in
part due to Siemens's cooperation with the investigators, the upcoming change in the US
administration, and Siemens's role as a US military contractor.[95] The payments included $450
million in fines and penalties and a forfeiture of $350 million in profits in the US. Siemens also
revamped its compliance systems, appointing Peter Y. Solmssen, a US lawyer, as an independent
director in charge of compliance and accepting oversight from Theo Waigel, a former German
finance minister. Siemens implemented new anti-corruption policies, including a comprehensive
anti-corruption handbook, online tools for due diligence and compliance, a confidential
communications channel for employees, and a corporate disciplinary committee. This process
involved hiring approximately 500 full-time compliance personnel worldwide.[96]
Siemens's bribery culture was not new; it was highlighted as far back as 1914 when both Siemens
and Vickers were involved in a scandal over bribes paid to Japanese naval authorities.[97] The
company resorted to bribery as it sought to expand its business in the developing world after
World War II. Up until 1999, bribes were a tax-deductible business expense in Germany, with no
penalties for bribing foreign officials. However, with the implementation of the 1999 OECD Anti-
Bribery Convention, Siemens started using off-shore accounts to hide its bribery.
During the investigation, key player Reinhard Siekaczek, a mid-level executive in the
telecommunications unit, provided critical evidence. He disclosed that he had managed an annual
global bribery budget of $40 to $50 million and provided information about the company's 2,700
worldwide contractors, who were typically used to channel money to government officials. Notable
instances of bribery included substantial payments in Argentina, Israel, Venezuela, China, Nigeria,
and Russia to secure large contracts.[93]
The investigation resulted in multiple prosecutions and settlements with various governments, as
well as legal action against Siemens employees and those who received bribes. Noteworthy cases
include the conviction of two former executives in 2007 for bribing Italian energy company Enel, a
settlement with the Greek government in 2012 for 330 million euros over the Greek bribery
scandal, and a guilty plea in 2014 from former Siemens executive Andres Truppel for channeling
nearly $100 million in bribes to Argentine government officials.[98] Siemens also faced
repercussions from the World Bank due to fraudulent practices by its Russian affiliate. In 2009,
Siemens agreed not to bid on World Bank projects for two years and to establish a $100 million
fund at the World Bank to support anti-corruption activities over 15 years, known as the "Siemens
Integrity Initiative." Other substantial fines include a payment of ₦7 billion (US$46.57 million) to
the Nigerian government in 2010, and a US$42.7 million penalty in Israel in 2014 to avoid charges
of securities fraud.
2006 to 2011
In 2006, Siemens purchased Bayer Diagnostics which was incorporated into the Medical Solutions
Diagnostics division on 1 January 2007,[99] also in 2006 Siemens acquired Controlotron (New
York) (ultrasonic flow meters),[100][101] and also in 2006 Siemens acquired Diagnostic Products
Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, &
Kausch AG, Opto Control, and VistaScape Security Systems.[102]
In January 2007, Siemens was fined €396 million by the European Commission for price fixing in
EU electricity markets through a cartel involving 11 companies, including ABB, Alstom, Fuji
Electric, Hitachi Japan, AE Power Systems, Mitsubishi Electric Corp, Schneider, Areva, Toshiba
and VA Tech.[103] According to the commission, "between 1988 and 2004, the companies rigged
bids for procurement contracts, fixed prices, allocated projects to each other, shared markets and
exchanged commercially important and confidential information."[103] Siemens was given the
highest fine of €396 million, more than half of the total, for its alleged leadership role in the
activity.
In March 2007, a Siemens board member was temporarily

arrested and accused of illegally financing AUB, a business-
friendly labour association which competes against the trade
union IG Metall. He was released on bail. Offices of AUB and
Siemens were searched. Siemens denied any
wrongdoing. [104][105]
In April the Fixed Networks, Mobile Networks and Carrier

Services divisions of Siemens merged with Nokia's Network
Siemens power generating wind
Business Group in a 50/50 joint venture, creating a fixed and
turbine towers
mobile network company called Nokia Siemens Networks.
Nokia delayed the merger[106] due to bribery investigations
against Siemens.[107] In October 2007, a court in Munich found that the company had bribed
public officials in Libya, Russia, and Nigeria in return for the awarding of contracts; four former
Nigerian Ministers of Communications were among those named as recipients of the payments.
The company admitted to having paid the bribes and agreed to pay a fine of 201 million euros. In
December 2007, the Nigerian government cancelled a contract with Siemens due to the bribery
findings.[108][109]
Also in 2007, Siemens acquired Vai Ingdesi Automation (Argentina, Industrial Automation), UGS
Corp., Dade Behring, Sidelco (Quebec, Canada), S/D Engineers Inc., and Gesellschaft für
Systemforschung und Dienstleistungen im Gesundheitswesen mbH (GSD) (Germany).[110]
In July 2008, Siemens AG formed a joint venture of the Enterprise Communications business with
the Gores Group, renamed Unify in 2013. The Gores Group holding a majority interest of 51%
stake, with Siemens AG holding a minority interest of 49%.[111]
In August 2008, Siemens Project Ventures invested $15 million in the Arava Power Company. In a
press release published that month, Peter Löscher, president and CEO of Siemens AG said: "This
investment is another consequential step in further strengthening our green and sustainable
technologies". Siemens now holds a 40% stake in the company.[112]
In January 2009, Siemens sold its 34% stake in Framatome, complaining limited managerial
influence. In March, it formed an alliance with Rosatom of Russia to engage in nuclear-power
activities.[30]
In April 2009, Fujitsu Siemens Computers became Fujitsu Technology Solutions as a result of
Fujitsu buying out Siemens's share of the company.
In June 2009 news broke that Nokia Siemens had supplied telecommunications equipment to the
Iranian telecom company that included the ability to intercept and monitor telecommunications, a
facility known as "lawful intercept". The equipment was believed to have been used in the
suppression of the 2009 Iranian election protests, leading to criticism of the company, including
by the European Parliament. Nokia Siemens later divested its call monitoring business, and
reduced its activities in Iran.[113][114][115][116][117][118]
In October 2009, Siemens signed a $418 million contract to buy Solel Solar Systems, an Israeli
company in the solar thermal power business.[119]
In December 2010, Siemens agreed to sell its IT Solutions and Services subsidiary for €850 million
to Atos. As part of the deal, Siemens agreed to take a 15% stake in the enlarged Atos, to be held for
a minimum of five years. In addition, Siemens concluded a seven-year outsourcing contract worth
around €5.5 billion, under which Atos will provide managed services and systems integration to
Siemens.[120] At the same time, Germany’s Wegmann Group acquired Siemens's 49-percent stake
in armored vehicle manufacturer Krauss-Maffei Wegmann GmbH, establishing Wegmann as the
sole shareholder of KMW, pending approval by government authorities.[121][120]
2011 to present
In March 2011, it was decided to list Osram on the stock market
in the autumn, but CEO Peter Löscher said Siemens intended
to retain a long-term interest in the company, which was
already independent from the technological and managerial
viewpoints.
In September 2011, Siemens, which had been responsible for

constructing all 17 of Germany's existing nuclear power plants,
Roland Busch has served as the
announced that it would exit the nuclear sector following the
company's CEO since 2021
Fukushima disaster and the subsequent changes to German
energy policy. Chief executive Peter Löscher has supported the
German government's planned Energiewende, its transition to renewable energy technologies,
calling it a "project of the century" and saying Berlin's target of reaching 35% renewable energy
sources by 2020 was feasible.[122]
In November 2012, Siemens acquired the Rail division of Invensys for £1.7 billion. In the same
month, Siemens acquired a privately held company, LMS International NV.[123]
In August 2013, Nokia acquired 100% of the company Nokia Siemens Networks, with a buy-out of
Siemens AG, ending Siemens role in telecommunication.[124]
In August 2013, Siemens won a $966.8 million order for power plant components from oil firm
Saudi Aramco, the largest bid it has ever received from the Saudi company.[125]
In 2014, Siemens announced plans to build a $264 million facility for making offshore wind
turbines in Paull, England, as Britain's wind power rapidly expands. Siemens chose the Hull area
on the east coast of England because it is close to other large offshore projects planned in coming
years. The new plant is expected to begin producing turbine rotor blades in 2016. The plant and the
associated service center, in Green Port Hull nearby, will employ about 1,000 workers. The
facilities will serve the UK market, where the electricity that major power producers generate from
wind grew by about 38 percent in 2013, representing about 6 percent of total electricity, according
to government figures. There are also plans to increase Britain's wind-generating capacity at least
threefold by 2020, to 14 gigawatts.[126]
In May 2014, Rolls-Royce agreed to sell its gas turbine and compressor energy business to Siemens
for £1 billion.[127]
In June 2014, Siemens and Mitsubishi Heavy Industries announced their formation of joint
ventures to bid for Alstom's troubled energy and transportation businesses (in locomotives, steam
turbines, and aircraft engines). A rival bid by General Electric (GE) has been criticized by French
government sources, who consider Alstom's operations as a "vital national interest" at a moment
when the French unemployment level stands above 10% and some voters are turning towards the
far-right.[128]
In 2015, Siemens acquired U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6
billion.[129][130]
In November 2016, Siemens acquired EDA company Mentor Graphics for $4.5 billion.[131]
In November 2017, the U.S. Department of Justice charged three Chinese employees of Guangzhou
Bo Yu Information Technology Company Limited with hacking into corporate entities, including
Siemens AG.[132]
In December 2017, Siemens acquired the medical technology company Fast Track Diagnostics for
an undisclosed amount.[133]
In August 2018, Siemens acquired rapid application development company Mendix for €0.6 billion
in cash.[134]
In May 2018, Siemens acquired J2 Innovations for an undisclosed amount.[135][136]
In May 2018, Siemens acquired Enlighted, Inc. for an undisclosed amount.[137]
In September 2019, Siemens and Orascom Construction signed an agreement with the Iraqi
government to rebuild two power plants, which is believed to set up the company for future deals
in the country.[138]
In 2019–2020, Siemens was identified as a key engineering company supporting the

controversial[139] Adani Carmichael coal mine in Queensland (Australia).[140]
In January 2020, Siemens signed an agreement to acquire 99% equity share capital of Indian
switchgear manufacturer C&S Electric at €267 million (₹2,100 crore).[141] The takeover was
approved by the Competition Commission of India in August 2020.[142]
In April 2020, Siemens acquired a 77% majority stake in Indian building solution provider iMetrex
Technologies for an undisclosed sum.[143]
In April 2020, Siemens Energy was created as an independent company out of the energy division
of Siemens.[144] The trading of shares of the new Siemens Energy AG on the stock exchange is
expected to be possible from 28 September onwards.[145]
In August 2020, Siemens Healthineers AG announced that it plans to acquire U.S. cancer device
and software company Varian Medical Systems in an all-stock deal valued at $16.4 billion.[146]
In February 2021, Roland Busch replaced Joe Kaeser as CEO.[147]
In October 2021, Siemens acquired the building IoT software and hardware company Wattsense
for an undisclosed sum.[148]
In May 2022, Siemens made the decision to cease its operations in Russia after 170 years and
disassociate itself from any involvement with the Russian government due to the ongoing war of
aggression against Ukraine. This decision affected the approximately 3,000 employees working for
the company in the country. The announcement came with a financial statement in which Siemens
disclosed a second-quarter loss of approximately US$625 million as a direct consequence of the
imposed sanctions on Russia.[149]
In July 2022, Siemens acquired ZONA Technology, an aerospace simulation firm.[150]
In October 2022, Siemens announced a strategic partnership with Swedish electric commercial
vehicle manufacturer Volta Trucks to deliver and scale eMobility charging infrastructure to
simplify the transition to fleet electrification.[151]
In October 2022, Siemens became a target of the Boycott, Divestment and Sanctions movement
due to its award of a contract for the EuroAsia Interconnector,[152][153] which is planned to connect
the electicity grids of Greece and Cyprus with both Israel and its illegal settlements in the West
Bank.[154]
In June 2023, Siemens announced a global investment plan of €2 billion to expand its
manufacturing capacity, including specific commitments of €200 million for a new high-tech plant
in Singapore and €140 million to enlarge a facility in Chengdu, China. The strategy aims to foster
diversification across Asia, enhance growth in the Chinese market, and decrease dependency on a
single country by utilizing Singapore as a primary export hub to Southeast Asia.[155]
Simultaneously, Siemens will allocate €1 billion for the development of new facilities and factories
in Germany, including €500 million for the expansion and modernization of a factory in Erlangen,
expected to enhance production capacity by 60% by 2029. This coincides with the German
government's concerns about the economic and security risks associated with investing in China.
Additional German investments will finance a new semiconductor factory in Forchheim and a
training center for Siemens Healthineers in Erlangen.[156]
In August 2023, it was announced Siemens had signed an agreement to acquire the Veldhoven-
headquartered eBus, eTruck and passenger vehicle fast charging technology company, Heliox.[157]
In March 2024, Siemens announced the creation of a new £100m digital engineering facility in
Wiltshire, UK, aimed at replacing its existing rail infrastructure factory in Chippenham with a new
research and development centre, expected to open by 2026. The move is endorsed by Chancellor
Jeremy Hunt as "a big boost" for UK manufacturing.[158]
In March 2024, it was announced Siemens had agreed to acquire ebm-papst's industrial drive
technology (IDT) division for undisclosed amount.[159]
Operations
As of 2023, the principal divisions of Siemens are Digital Sales by business (2023)[160]
Industries, Smart Infrastructure, Siemens Mobility, Siemens Business share
Healthineers and Siemens Financial Services, with Siemens
Healthineers and Siemens Mobility operating as independent Siemens Healthineers 27.7%
entities. Siemens also operates a number of "Portfolio Digital Industries 27.6%

Companies" with market-specific offerings.[6] In 2020, the Smart Infrastructure 25.2%
energy business was spun off into the separate Siemens Energy Mobility 13.5%
AG, with Siemens retaining a stake of 17.1% as of December
2023.[161] Other business units of the company include Siemens Portfolio Companies 4.0%
Technology (T) for research and development, Siemens Real Reconciliation 1.4%
Estate (SRE) for corporate real estate management, Siemens Siemens Financial Services 0.6%
Advanta for consulting services (including the management
consulting division Siemens Advanta Consulting), next47 as a venture capital fund, and Siemens
Global Business Services (GBS) as a shared services unit.[6]
Digital Industries
The Digital Industries division focuses on the automation needs of discrete and process industries.
This includes factory automation infrastructure, numerical control systems, engines, drives,
inverters, integrated automation systems for machine tools and production machines, and
machine to machine communication products. The division also develops industrial control
systems, various types of sensors, and radio-frequency identification systems.[6] In industrial
automation and industrial software, Siemens is the global market leader.[8]
In addition to hardware, Digital Industries supplies software for product lifecycle management
(PLM), simulation and testing of mechatronic systems, and the MindSphere cloud-based IoT
operating system that connects physical infrastructure to the digital world. The software portfolio
is supplemented by the Mendix platform for low-code application development and digital
marketplaces like Supplyframe and Pixeom. Key customer markets span automotive, machine
building, pharmaceuticals, chemicals, food and beverage, electronics, and semiconductors.[6]
In 2023, CEO Roland Busch announced the aim to raise software businesses sales share to 20% in
the long term.[162] In June 2023, Siemens launched a new open digital platform called "Siemens
Xcelerator", which houses a curated portfolio of IoT-enabled hardware, software, and digital
services from both Siemens and third parties. Siemens also announced a partnership with Nvidia,
aiming to leverage its Omniverse platform with its 3D design capabilities. Xcelerator is part of a
broader industry trend towards digital environments ("metaverses"), and is delivered through a
software as a service (SaaS) subscription model, targeting accessibility for a range of businesses
including small and medium-sized enterprises.[163]
Smart Infrastructure
Siemens Smart Infrastructure offerings are categorized into buildings, electrification, and electrical
products. Its buildings portfolio includes building automation systems, heating, ventilation, and
air conditioning (HVAC) controls, and fire safety and security systems, and energy performance
services. The electrification portfolio is dedicated to grid resilience and efficiency, encompassing
grid simulation, operation control software, power-system automation and protection, and
medium to low voltage switchgear. Moreover, it includes charging infrastructure for electric
vehicles. In the realm of electrical products, the division offers low-voltage switching, measuring
and control equipment, distribution systems, and medium voltage switchgear.[6]
In the renewable energy industry, the company provides a portfolio of products and services to
help build and operate microgrids of any size. It provides generation and distribution of electrical
energy as well as monitoring and controlling of microgrids.[164] By using primarily renewable
energy, microgrids reduce carbon-dioxide emissions, which is often required by government
regulations. It supplied a sustainable storage product and microgrids to Enel Produzione SPA for
the island of Ventotene in Italy.[164]
A Siemens high-voltage A Siemens wind power A Siemens

transformer generator steam turbine
rotor
Siemens Mobility
Siemens Mobility is a division involved in passenger and freight transportation. This includes
providing rolling stock, which covers a range of vehicles for urban, regional, and long-distance
travel. The division also offers rail infrastructure products and services such as rail automation,
digital station solutions, railway communication systems, and yard and depot solutions.[6]
In 2019, the European Commission blocked a merger between Alstom and Siemens Mobility, citing
anti-trust regulations. The plan would have seen the creation of a "European champion" to
compete with China's CRRC.[165]
Siemens C651 trains Amtrak Siemens SC- A Siemens Bangkok Skytrain built by
for the Singapore MRT 44 Charger diesel- Desiro train Siemens
at Ulu Pandan Depot electric passenger in operation
locomotive parked in
Santa Fe Depot, San
Diego
Siemens Healthineers
Siemens Healthineers AG is a publicly listed company that was
spun off from Siemens in 2017. As of 2022, Siemens retains a
75% majority stake in Siemens Healthineers.[6]
As a global provider of healthcare solutions and services, its

range of offerings includes the manufacture and sale of
diagnostic and therapeutic products, clinical consulting, and a
variety of training services. Its operations are divided into four
main sectors: imaging, diagnostics, Varian Medical Systems, A Siemens SPECT/CT scanner in
and advanced therapies. Imaging includes magnetic resonance, operation
computed tomography, X-ray, molecular imaging, and
ultrasound devices. The diagnostics segment offers in-vitro
diagnostic products for laboratory and point-of-care settings. Varian, an American company
acquired by Siemens Healthineers in 2021, covers technologies related to cancer care, and
advanced therapies focus on image-guided minimally invasive procedures.[6]
Siemens Financial Services

Siemens Financial Services (SFS) is a division that delivers a range of financing solutions. These
services target both Siemens's customers and external companies, including debt and equity
investments. It provides leasing, lending, working capital, structured financing, and equipment
and project financing solutions. SFS is also involved in providing financial advisory services and
risk management expertise to Siemens's industrial businesses, helping assess risk profiles of
projects and business models.[6]
Former operations
Siemens is known for actively refining its core business through strategic divestitures, pursuing a
strategy referred to as "Corporate Clarity" that focuses on selling non-core aspects of the
business.[166] Major business divisions that were once part of Siemens before being spun off
include:
Infineon Technologies (1999)

Siemens Mobile (2005)
Gigaset Communications (2008)

Osram (2013)
Siemens Energy (2020)
Joint ventures
Siemens's current joint ventures include:
Siemens Traction Equipment Ltd. (STEZ), Zhuzhou China, is a joint venture between Siemens,
Zhuzhou CSR Times Electric Co., Ltd. (TEC) and CSR Zhuzhou Electric Locomotive Co., Ltd.
(ZELC), which produces AC drive electric locomotives and AC locomotive traction
components.[167]
OMNETRIC Group, A Siemens & Accenture company formed in 2014.[168]
Former joint ventures in which Siemens no longer holds any equity include:
Fujitsu Siemens Computers (sold to Fujitsu in 2009)

Nokia Siemens Networks (sold to Nokia in 2013)
BSH Hausgeräte (sold to Bosch in 2014)
Primetals Technologies (sold to Mitsubishi Heavy Industries in 2019).
Silcar was a joint venture between Siemens Ltd and Thiess Services Pty Ltd until 2013. Silcar
is a 3,000 person Australian organisation providing productivity and reliability for large scale
and technically complex plant assets. Services include asset management, design,
construction, operations and maintenance. Silcar operates across a range of industries and
essential services including power generation, electrical distribution, manufacturing, mining and
telecommunications. In July 2013, Thiess took full control.[169][170][171]
Corporate affairs
Siemens is incorporated in Germany and has its corporate headquarters at the Wittelsbacherplatz
in central Munich.[172]
Business trends
For the fiscal year 2023, Siemens reported a revenue of Sales by region (2023)[160]
€77.7 billion, an increase of 8% over the previous fiscal Region share
cycle.[2] In December 2023, Siemens's shares traded at over Europe, CIS, Africa, Middle East 29.7%
US$93 per share, and its market capitalization was valued at
United States 24.5%
US$147 billion.[173] According to an Ernst & Young study
published in December 2023, Siemens and SAP were the Asia, Australia 22.1%
only German companies of the top 100 most valuable Germany 19.0%
companies by market capitalization worldwide.[10] Americas 4.6%
The key trends of Siemens are (as at the financial year

ending September 30):[174][175][176]
Revenue Net income Total assets

Year Employees
in €billion in €billion in €billion
2013 75.8 4.2 101 362,000
2014 71.9 5.3 104 357,000

2015 75.6 7.2 120 348,000
2016 79.6 5.4 125 351,000
2017 83.0 6.0 133 372,000

2018 83.0 5.8 138 379,000
2019 86.8 5.1 150 385,000
2020* 57.1 4.0 123 293,000

2021 62.2 6.1 139 295,000
2022 71.9 3.7 151 311,000
2023 77.7 7.9 145 320,000
* In 2020, Siemens Energy became an independent company.
Locations
As of 2011, Siemens has operations in around 190 countries and approximately 285 production
and manufacturing facilities.[172]
Siemens's headquarters, Munich Siemens office building in

(front) Munich-Giesing
Wernerwerk II in Berlin-
Siemens-Tower in Berlin-Siemensstadt "Wernerwerk" (Werner's Siemensstadt
Factory) in Berlin-
Siemensstadt
Wernerwerk XV in Berlin- Siemens office building in Siemens office

Siemensstadt Erlangen building in
Erlangen
Siemens site in Munich-Perlach

Former Siemens Gas
Turbine Factory (now
Siemens Energy),
formerly Ruston &
Hornsby Pelham Works,
Lincoln, England
Research and development

In 2023, Siemens invested a total of €6.1 billion in research and development.[2] As of 30
September 2022, Siemens had approximately 46,900 employees engaged in research and
development and held approximately 43,600 patents worldwide.[6]
Leadership
Chairmen of the Siemens-Schuckertwerke Managing Board (1903 to 1966)[177]
Alfred Berliner (1903 to 1912)

Carl Friedrich von Siemens (1912 to 1919)
Otto Heinrich (1919 to 1920)
Carl Köttgen (1920 to 1939)
Rudolf Bingel (1939 to 1945)
Wolf-Dietrich von Witzleben (1945 to 1949)
Günther Scharowsky (1949 to 1951)
Friedrich Bauer (1951 to 1962)
Bernhard Plettner (1962 to 1966)
Chairmen of the Siemens & Halske / Siemens-Schuckertwerke Supervisory Board
(1918 to 1966)[177]
Wilhelm von Siemens (1918 to 1919)

Carl Friedrich von Siemens (1919 to 1941)
Hermann von Siemens (1941 to 1946)
Friedrich Carl Siemens (1946 to 1948)

Hermann von Siemens (1948 to 1956)
Ernst von Siemens (1956 to 1966)
Chairmen of Siemens AG's managing board (1966 to present)[177]
Hans Kerschbaum, Adolf Lohse, Bernhard Plettner (presidency of the managing board) (1966
to 1967)
Erwin Hachmann, Bernhard Plettner, Gerd Tacke (presidency of the managing board) (1967 to
1968)
Gerd Tacke (1968 to 1971)
Karlheinz Kaske (1981 to 1992)
Heinrich von Pierer (1992 to 2005)
Klaus Kleinfeld (2005 to 2007)
Peter Löscher (2007 to 2013)
Joe Kaeser (2013 to 2021)
Roland Busch (2021 to present)
Chairmen of the Siemens AG Supervisory Board (1966 to present)[177]
Ernst von Siemens (1966 to 1971)

Peter von Siemens (1971 to 1981)
Heribald Närger (1988 to 1993)
Hermann Franz (1993 to 1998)
Karl-Hermann Baumann (1998 to 2005)
Heinrich von Pierer (2005 to 2007)
Gerhard Cromme (2007 to 2018)
Jim Hagemann Snabe (2018 to present)
Managing Board (present day)[178][179]
Roland Busch (CEO Siemens AG)

Klaus Helmrich
Cedrik Neike (CEO Digital Industries)
Matthias Rebellius (CEO Smart Infrastructure)
Ralf P. Thomas (CFO)
Judith Wiese
Shareholders
The company has issued 881,000,000 shares of common stock. The largest single shareholder
continues to be the founding shareholder, the Siemens family, with a stake of 6.9%, while 62% is
held by institutional asset managers, the largest being two divisions of the world's largest asset
manager BlackRock. Moreover, 83.97% of the shares are considered public float, however
including such strategic investors as the State of Qatar (DIC Company Ltd.) with 3.04%, the
Government Pension Fund of Norway with 2.5% and Siemens AG itself with 3.04%; and 19% are
held by private investors, 13% by investors that are considered unidentifiable. In terms of
nationality, 26% are owned by German investors, 21% by US investors, followed by the UK (11%),
France (8%), Switzerland (8%) and a number of others (26%).[180]
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ut-jobs.html). Houston Business Journal. Retrieved 6 December 2017.
130. Ludwig Burger (22 September 2014). "Siemens in agreed $7.6 billion deal to buy Dresser-
Rand" (https://in.reuters.com/article/dresserrand-m-a-siemens/siemens-in-agreed-7-6-billion-de
al-to-buy-dresser-rand-idINKCN0HH0CN20140922). Reuters.
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enlighted). Retrieved 28 April 2020.
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139. Massola, James. "Big surge in opposition to Adani, new polling reveals" (https://www.smh.com.
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acquires-imetrex-technologies/story-kngEfFF7eck5yqEetrlpyI.html). Hindustan Times. 24 April
2007. Retrieved 27 February 2021.
144. "Siemens baut fokussierten Energieriesen und steigert Leistungsfäh ..." (https://press.siemens.
com/global/de/pressemitteilung/siemens-baut-fokussierten-energieriesen-und-steigert-leistungs
faehigkeit-weiter) press.siemens.com (in German). Retrieved 2 September 2020.
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Unternehmen" (https://www.manager-magazin.de/unternehmen/siemens-joe-kaeser-wirbt-auf-
hauptversammlung-fuer-abspaltung-der-energie-sparte-a-85f326a6-91e6-48b1-8679-f485d5b5
72af). www.manager-magazin.de (in German). Retrieved 2 September 2020.
146. "Siemens Healthineers AG (SEMHF) announced on Sunday that it plans to acquire U.S.
cancer device and software company Varian Medical Systems (VAR) in an all-stock deal
valued at $16.4 billion" (https://finance.yahoo.com/news/siemens-healthineers-snap-varian-me
dical-155449650.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_
sig=AQAAAHEsPvpIPObPLCNUOUSgfLq5c-C8UtGTzl4t6U4FK3KNIQUAQhQQJCH6tvfj-rHer
FX01cAF9BnkzAWzE6veHzu1CGkpGD7M-tO3JCZC_azPsJfUhoXUJMJowjH3rGMEt-Sw3heE
i9Ge9FeksfJpHB5b7m0AixnzcIYihstZ8JTD&_guc_consent_skip=1596452228s). 2 August
2020. Retrieved 3 August 2020.
147. "Roland Busch ist neuer CEO von Siemens" (https://www.diepresse.com/5787896/roland-busc
h-ist-neuer-ceo-von-siemens). Die Presse (in German). 19 March 2020. Retrieved 8 July 2023.
148. "Siemens Acquires Wattsense to Boost IoT Systems for Small and Medium Buildings" (https://
www.automation.com/en-us/articles/october-2021/siemens-wattsense-boost-iot-systems-buildi
ngs). Automation.com. 6 October 2021.
149. "Siemens, the German technology giant, leaves Russia after 170 years" (https://www.nytimes.c
om/2022/05/12/business/siemens-russia-sanctions.html). The New York Times. 12 May 2022.
ISSN 0362-4331 (https://www.worldcat.org/issn/0362-4331). Retrieved 14 July 2023.
150. Innovates, Dallas; Cummings, Kevin (15 July 2022). "Follow the Money: Fort Worth Biotech
Raises $16M, VC Firm Raises $25M for Debut Fund, S2 Capital Surpasses Blackstone as
Region's Most Active Multifamily Investor, and More" (https://dallasinnovates.com/follow-the-m
oney-fort-worth-biotech-raises-16m-vc-firm-raises-25m-for-debut-fund-s2-capital-surpasses-bla
ckstone-as-regions-most-active-multifamily-investor/). Dallas Innovates. Retrieved 20 July
2022.
151. "Siemens and Volta Trucks partner to accelerate commercial fleet electrification" (https://press.
siemens.com/global/en/pressrelease/siemens-and-volta-trucks-partner-accelerate-commercial-
fleet-electrification) (Press release). Zug, Switzerland: Siemens AG 2022-10-13. Retrieved
20 May 2023.
152. "PHROC Open Letter to Siemens Regarding EuroAsia Interconnector" (https://bdsmovement.n
et/news/phroc-open-letter-siemens-regarding-euroasia-interconnector). BDS movement. 5
October 2022.
153. "Selection of SIEMENS AG as the Preferred Bidder for the award of the contract of PCI 3.10
"EuroAsia Interconnector VSC HVDC Converters" " (https://euroasia-interconnector.com/preferr
edbidder/). EuroAsia Interconnector. 27 March 2020.
154. "EU interconnector: Cyprus 'energy isolation' or Israeli gas?" (https://euobserver.com/opinion/1
53357). EU Observer.
155. Ruehl, Mercedes; Nilsson, Patricia (15 June 2023). "Siemens unveils big investments in China
and Singapore factories" (https://www.ft.com/content/53d6729a-5a09-4fba-8281-3be6717ccbd
d). Financial Times.
156. Hübner, Alexander; Revill, John (13 July 2023). "Siemens to spend 1 billion euros in Germany
as Berlin warns about China" (https://www.reuters.com/technology/siemens-spend-1-bln-euro-
germany-berlin-warns-about-china-2023-07-13/). Reuters. Retrieved 14 July 2023.
157. World, Automotive (22 August 2023). "Siemens to acquire Heliox, specialist in eBus and eTruck
fast charging solutions" (https://www.automotiveworld.com/news-releases/siemens-to-acquire-
heliox-specialist-in-ebus-and-etruck-fast-charging-solutions/). Automotive World. Retrieved
23 August 2023.
158. "Siemens to invest £100m on Chippenham research centre" (https://www.bbc.com/news/uk-en
gland-wiltshire-68465675). BBC News. 4 March 2024. Retrieved 4 March 2024.
159. Morling, Rachael (21 March 2024). "Siemens to acquire industrial drive technology business of
ebm-papst" (https://designsolutionsmag.co.uk/siemens-to-acquire-industrial-drive-technology-b
usiness-of-ebm-papst/). Design Solutions. Retrieved 21 March 2024.
160. "Siemens AG: Shareholders Board Members Managers and Company Profile | DE0007236101
| MarketScreener" (https://www.marketscreener.com/quote/stock/SIEMENS-AG-56358595/com
pany/). www.marketscreener.com. Retrieved 22 March 2024.
161. Maier, Angela (19 December 2023). "Diskreter Abverkauf der Energy-Anteile: Siemens schadet
mit einem buchhalterischen Trick seinen" (https://www.wiwo.de/unternehmen/industrie/diskrete
r-abverkauf-der-energy-anteile-siemens-schadet-mit-einem-buchhalterischen-trick-seinen-aktio
naeren/29565418.html). www.wiwo.de (in German). Retrieved 29 December 2023.
162. "Siemens aims to raise software businesses sales share to 20%" (https://www.reuters.com/tec
hnology/siemens-aims-raise-software-businesses-sales-share-20-2023-04-12/). 12 April 2023.
Retrieved 7 July 2023.
163. Revill, John (29 June 2022). "Siemens and Nvidia collaborate to expand digital services" (http
s://www.reuters.com/technology/siemens-nvidia-collaborate-expand-digital-services-2022-06-2
9/). Reuters. Retrieved 7 July 2023.
164. Siemens. "About Siemens" (https://www.siemens.com/global/en/home/company/about.html).

www.siemens.com. Retrieved 8 October 2018.
165. "EU blocks Siemens-Alstom merger – DW – 02/06/2019" (https://www.dw.com/en/eu-blocks-sie
mens-alstom-merger-citing-serious-competition-issues/a-47382406). dw.com. Retrieved 7 July
2023.
166. "Handelsblatt Deals: Warum Siemens so fleißig beim Verkauf eigener Sparten ist" (https://www.
handelsblatt.com/audio/deals-podcast/handelsblatt-deals-warum-siemens-so-fleissig-beim-verk
auf-eigener-sparten-ist/29164064.html). Handelsblatt (in German). Retrieved 14 July 2023.
167. "Siemens Traction Equipment Ltd., Zhuzhou" (https://web.archive.org/web/20130921055512/ht
tp://cn.siemens.com/cms/cn/Chinese/TS/Mobility/media/Media%20pool%20content/Document
s/090903_Company%20Brochure_STEZ.pdf) (PDF). CN.siemens.com. Archived from the
original (https://cn.siemens.com/cms/cn/Chinese/TS/Mobility/media/Media%20pool%20conten
t/Documents/090903_Company%20Brochure_STEZ.pdf) (PDF) on 21 September 2013.
168. "Company Overview of Omnetric Group" (https://www.bloomberg.com/research/stocks/private/
snapshot.asp?privcapId=252081550). Bloomberg. Retrieved 1 August 2017.
169. Bingemann, Mitchell (22 August 2013). "Silcar's top staff go as Thiess puts in its own" (http://w
ww.theaustralian.com.au/business/companies/silcars-top-staff-go-as-thiess-puts-in-its-own/stor
y-fn91v9q3-1226701630518#). The Australian. Retrieved 13 February 2014.
170. Adhikari, Supratim (22 August 2013). "Silcar old guard makes way as Thiess exerts control" (ht
tps://web.archive.org/web/20140308202610/https://www.businessspectator.com.au/news/2013/
8/22/technology/silcar-old-guard-makes-way-thiess-exerts-control-report). Business Spectator.
Archived from the original (https://www.businessspectator.com.au/news/2013/8/22/technology/
silcar-old-guard-makes-way-thiess-exerts-control-report) on 8 March 2014. Retrieved
13 February 2014.
171. "Capabilities – Services – Telecommunications" (https://web.archive.org/web/2014022209542
5/http://www.thiess.com.au/capabilities/services/telecommunications). Thiess. Archived from
the original (http://www.thiess.com.au/capabilities/services/telecommunications) on 22
February 2014. Retrieved 13 February 2014.
172. "Annual Report 2011" (https://www.siemens.com/investor/pool/en/investor_relations/siemens_a
r_2011.pdf) (PDF). Siemens. Retrieved 3 September 2012.
173. "SIEGY Key Statistics | SIEMENS AG Stock" (https://finance.yahoo.com/quote/SIEGY/key-stati
stics?p=SIEGY&.tsrc=fin-srch). Yahoo! Finance. Retrieved 29 December 2023.
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nts-publications-ad-hoc/annualreports.html). siemens.com Global Website. Retrieved 9 April
2024.
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yse/Siemens-Aktie/DE0007236101). boerse.de (in German). Retrieved 9 April 2024.
176. "Siemens 2008-2015" (https://web.archive.org/web/20170319235815/https://www.boerse.de/fu
ndamental-analyse/Siemens-Aktie/DE0007236101). boerse.de (in German). Archived from the
original (https://www.boerse.de/fundamental-analyse/Siemens-Aktie/DE0007236101) on 19
March 2017. Retrieved 9 April 2024.
177. "Chairmen of the Managing Board and Supervisory Board of Siemens & Halske AG and
Siemens-Schuckertwerke GmbH / AG or Siemens AG" (https://web.archive.org/web/20201029
053818/https://www.siemens.com/history/pool/en/personalities/chairmen_of_the_managing_bo
ard_parent_companies/managing_board.pdf) (PDF). Siemens. Archived from the original (http
s://www.siemens.com/history/pool/en/personalities/chairmen_of_the_managing_board_parent_
companies/managing_board.pdf) (PDF) on 29 October 2020. Retrieved 28 August 2012.
178. "Managing Board" (https://new.siemens.com/global/en/company/about/management.html).
Siemens. Retrieved 5 March 2021.
179. "Managing Board" (https://www.siemens.com/about/en/management-structure/management-bo

ard.htm) Archived (https://web.archive.org/web/20160909172328/http://www.siemens.com/abo
ut/en/management-structure/management-board.htm) 9 September 2016 at the Wayback
MachineSiemens Global Website, Retrieved 17 October 2016.
180. Annual Report (https://www.siemens.com/investor/en/siemens_share/shareholder_structure.ht
m); Archived (https://web.archive.org/web/20160408214403/http://www.siemens.com/investor/e
n/siemens_share/shareholder_structure.htm) 8 April 2016 at the Wayback Machine as of July
2015
Further reading
Bundesarchiv Berlin, NS 19, No. 968, Communication on the creation of the barracks for the
Siemens & Halske, the planned production and the planned expansion for 2,500 prisoners
"after direct discussions with this company": Economic and Administrative Main Office of the
SS (WVHA), Oswald Pohl, secretly, to Reichsführer SS (RFSS), Heinrich Himmler, dated 20
October 1942.
Margarete Buber (1993). 303f: As prisoners of Stalin and Hitler, Frankfurt am Main; Berlin.
Wilfried Feldenkirchen: 1918–1945 Siemens, Munich 1995, Ulrike fire, Claus Füllberg-Stolberg,
Sylvia Kempe: work at Ravensbrück concentration camp, in: Women in concentration camps.
Bergen-Belsen. Ravensbrück, Bremen, 1994, pp. 55–69
Feldenkirchen, Wilfried (2000). Siemens: From Workshop to Global Player, Munich.
Feldenkirchen, Wilfried, and Eberhard Posner (2005). The Siemens Entrepreneurs: Continuity
and Change, 1847–2005. Ten Portraits, Munich.
Greider, William (1997). One World, Ready or Not. Penguin Press. ISBN 0-7139-9211-5.
Sigrid Jacobeit: working at Siemens in Ravensbrück, in: Dietrich Eichholz (eds) War and
economy. Studies on German economic history 1939–1945, Berlin 1999.
Ursula Krause-Schmitt: The path to the Siemens stock led past the crematorium, in:
Information. German Resistance Study Group, Frankfurt / Main, 18 Jg, No. 37/38, Nov. 1993,
pp. 38–46
MSS in the estate include Wanda Kiedrzy'nska, in: National Library of Poland, Warsaw,
Manuscript Division, Sygn. akc 12013/1 and archive the memorial I/6-7-139 RA. * Woman
Ravensbruck concentration camp. An overall presentation, State Justice Administration in
Ludwigsburg, IV ART 409-Z 39/59, April 1972, pp. 129ff.
Karl-Heinz Roth: "Forced labor in the Siemens Group (1938-1945): Facts, controversies,
problems". In: Hermann Kaienburg (ed.): concentration camps and the German Economy
1939–1945 (Social studies, H. 34), Opladen 1996, pp. 149–168
Karl-Heinz Roth: forced labor in the Siemens Group, with a summary table, page 157 See also
Ursula Krause-Schmitt: "The road to Siemens stock led to the crematorium past over," pp. 36f,
where, according to the catalogs of the International Tracing Service Arolsen and Martin
Weinmann (eds.). The Nazi camp system, Frankfurt / Main 1990 and Feldkirchen: Siemens
1918–1945, pp. 198–214, and in particular the associated annotations 91–187.
Carola Sachse: "Jewish forced labor and non-Jewish women and men at Siemens from 1940
to 1945", in: International Scientific Correspondence, No. 1/1991, pp. 12–24
Shaping the Future: The Siemens Entrepreneurs 1847–2018. Ed. Siemens Historical Institute,
Hamburg 2018, ISBN 9-783867-746243.
Weiher, Siegfried von /Herbert Goetzeler (1984). The Siemens Company, Its Historical Role in
the Progress of Electrical Engineering 1847–1980, 2nd ed. Berlin and Munich.
External links
Official website (https://www.siemens.com/)
Documents and clippings about Siemens (http://purl.org/pressemappe20/folder/co/044773) in

the 20th Century Press Archives of the ZBW
Siemens Historical Institute (https://new.siemens.com/global/en/company/about/history/siemen
s-historical-institute.html)
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4/28/24, 8:46 PM Siemens - Wikipedia

The origins of the conglomerate can be traced back to 1847 to

sequence of letters, instead of Products industrial

In 1887, Siemens opened its first office in Japan.[14] In 1890,

Siemens-Schuckert) had 34,324 employees and was the

In 1919, S & H and two other companies jointly formed the

In 1932, Reiniger, Gebbert &

In the 1920s, Siemens constructed the Ardnacrusha Hydro Power

Siemens Factory and 1945 to 2001

The company's first digital telephone exchange was produced in 1980,

In 1977, Advanced Micro Devices (AMD) entered into a joint venture

In 1985, Siemens bought Allis-Chalmers' interest in the

In 1991, Siemens acquired Nixdorf Computer and renamed it Siemens Nixdorf

In 2001, Chemtech Group of Brazil was incorporated into the

Also in 2001, Siemens formed joint venture Framatome with

In 2002, Siemens abandoned the solar photovoltaic industry by

2005 and continuing: worldwide bribery scandal

triggered legal investigations in Germany, initiated by prosecutors in Italy, Liechtenstein, and

In March 2007, a Siemens board member was temporarily

In April the Fixed Networks, Mobile Networks and Carrier

In September 2011, Siemens, which had been responsible for

In May 2018, Siemens acquired J2 Innovations for an undisclosed amount.[135][136]

In May 2018, Siemens acquired Enlighted, Inc. for an undisclosed amount.[137]

In 2019–2020, Siemens was identified as a key engineering company supporting the

In February 2021, Roland Busch replaced Joe Kaeser as CEO.[147]

In July 2022, Siemens acquired ZONA Technology, an aerospace simulation firm.[150]

entities. Siemens also operates a number of "Portfolio Digital Industries 27.6%

A Siemens high-voltage A Siemens wind power A Siemens

As a global provider of healthcare solutions and services, its

Siemens Financial Services

Infineon Technologies (1999)

Gigaset Communications (2008)

Fujitsu Siemens Computers (sold to Fujitsu in 2009)

The key trends of Siemens are (as at the financial year

Revenue Net income Total assets

2013 75.8 4.2 101 362,000

2014 71.9 5.3 104 357,000

2016 79.6 5.4 125 351,000

2017 83.0 6.0 133 372,000

2019 86.8 5.1 150 385,000

2020* 57.1 4.0 123 293,000

2022 71.9 3.7 151 311,000

2023 77.7 7.9 145 320,000

* In 2020, Siemens Energy became an independent company.

Siemens's headquarters, Munich Siemens office building in

Wernerwerk XV in Berlin- Siemens office building in Siemens office

Siemens site in Munich-Perlach

Research and development

Alfred Berliner (1903 to 1912)

Wilhelm von Siemens (1918 to 1919)

Friedrich Carl Siemens (1946 to 1948)

Ernst von Siemens (1966 to 1971)

Roland Busch (CEO Siemens AG)

62. "Shell Renewables Completes Acquisition of Siemens Solar" (https://web.archive.org/web/2020

91. "Siemens acquires Transmitton" (https://web.archive.org/web/20071108130316/http://www.sie

164. Siemens. "About Siemens" (https://www.siemens.com/global/en/home/company/about.html).

179. "Managing Board" (https://www.siemens.com/about/en/management-structure/management-bo

Documents and clippings about Siemens (http://purl.org/pressemappe20/folder/co/044773) in

Retrieved from "https://en.wikipedia.org/w/index.php?title=Siemens&oldid=1221073524"

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