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Wikipedia

Siemens

January 01, 1970

This article is about the German conglomerate. For other uses, see Siemens (disambiguation).

Siemens AG (German pronunciation: [ˈziːməns] ⓘ[3][4][5] or [-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[buzzword], 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]

Siemens AG
Headquarters in Munich
Company typePublic (Aktiengesellschaft)
ISINDE0007236101
IndustryConglomerate
Predecessors
Founded1 October 1847; 176 years ago (1847-10-01)
Berlin, Kingdom of Prussia
FounderWerner von Siemens
HeadquartersMunich, Germany[1]
Area served
Worldwide
Key people
Roland Busch (CEO)
Jim Hagemann Snabe (Chairman)
Productsindustrial automation, drive technology, building technology, energy technology, financial services, medical technology, mobility solutions[buzzword], software
Revenue €77.769 billion (2023)[2]
€11.201 billion (2023)[2]
€8.529 billion (2023)[2]
Total assets €145.067 billion (2023)[2]
Total equity €53.060 billion (2023)[2]
OwnerSiemens family (6.9%)
Number of employees
320,000 (2023)[2]
Divisions
Websitesiemens.com

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 from the merger of three companies: Siemens & Halske, Siemens-Schuckert, and Siemens-Reiniger-Werke. Today headquartered in Munich and Berlin, Siemens and its subsidiaries employ approximately 320,000 people worldwide and reported a global revenue of around €78 billion in 2023.[6] The company is a component of the DAX and Euro Stoxx 50 stock market indices.[9] As of December 2023, Siemens is the second largest German company by market capitalization.[10]

As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Mobility and Financial Services, with Siemens Mobility operating as independent entity. Major business divisions that were once part of Siemens before being spun off include semiconductor manufacturer Infineon Technologies (1999), Siemens Mobile (2005), Gigaset Communications (2008), the photonics business Osram (2013), and Siemens Energy (2020).

History edit

1847 to 1901 edit

 
Werner von Siemens, co-founder of Siemens & Halske

Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847. Based on the telegraph, their invention used a needle to point to the sequence of letters, instead of using Morse code. The company, then called Telegraphen-Bauanstalt von Siemens & Halske, opened its first workshop on 12 October.[11]

In 1848, the company built the first long-distance telegraph line in Europe: 500 km from Berlin to Frankfurt am Main. In 1850, the founder's younger brother, Carl Wilhelm Siemens, later Sir William Siemens, started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855, a company branch headed by another brother, Carl Heinrich von Siemens, opened in St Petersburg, Russia. In 1867, Siemens completed the monumental Indo-European telegraph line stretching over 11,000 km from London to Calcutta.[12]

 
First electric locomotive, built in 1879 by company founder Werner von Siemens

In 1867, Werner von Siemens described a dynamo without permanent magnets.[13] A similar system was also independently invented by Ányos Jedlik and Charles Wheatstone, but Siemens became the first company to build such devices. In 1881, a Siemens AC Alternator driven by a watermill was used to power the world's first electric street lighting in the town of Godalming, United Kingdom. The company continued to grow and diversified into electric trains and light bulbs. In 1885, Siemens sold one of its generators to George Westinghouse, thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh, Pennsylvania.

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]

1901 to 1933 edit

 
The company built airplanes during World War I, for example, this Siemens airplane in 1926 for Ernst Udet.

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]

 
British Siemens advertisement from the 1920s

During the 1920s and 1930s, S & H started to manufacture radios, television sets, and electron 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 world first for its design. The company is remembered for its desire to raise the wages of its underpaid workers, only to be overruled by the Cumann na nGaedheal government.[20]

1933 to 1945 edit

 
Prisoners around 1944 working at a Siemens factory in KZ Bobrek, a subcamp of Auschwitz concentration camp[21]
 
A Siemens truck being used as a Nazi public address vehicle in 1932

Siemens (at the time: Siemens-Schuckert) exploited the forced labour of deported people in extermination camps. The company owned a plant in Auschwitz concentration camp.[21][22]

 
Siemens Factory and Ravensbrück concentration camp

Siemens exploited the 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]

1945 to 2001 edit

In the 1950s, and from their new base in Bavaria, S&H started to manufacture computers, semiconductor devices, washing machines, and pacemakers.[citation needed] 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]

 
A 1973 Siemens electron microscope on display at the Musée des Arts et Métiers in Paris

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]

 
Historical Siemens logos

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, allowing AMD to enter the microcomputer development and manufacturing field,[32][35][36][37] in particular based on AMD's second-source Zilog Z8000 microprocessors.[38][39] When the two 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 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.[citation needed]

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 edit

 
A Siemens Velaro high speed train in service on the Cologne–Frankfurt high-speed rail line

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 Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering 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),[citation needed] 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 edit

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 edit

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.

 
Siemens power generating wind turbine towers

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 Business Group in a 50/50 joint venture, creating a fixed and 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 edit

 
Roland Busch has served as the company's CEO since 2021

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, announced that it would exit the nuclear sector following the 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[buzzword] 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 edit

Sales by business (2023)[160]
Business share
Siemens Healthineers 27.7%
Digital Industries 27.6%
Smart Infrastructure 25.2%
Mobility 13.5%
Portfolio Companies 4.0%
Reconciliation 1.4%
Siemens Financial Services 0.6%

As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Siemens Mobility, Siemens Healthineers and Siemens Financial Services, with Siemens Healthineers and Siemens Mobility operating as independent entities. Siemens also operates a number of "Portfolio Companies" with market-specific offerings.[6] In 2020, the energy business was spun off into the separate Siemens Energy AG, with Siemens retaining a stake of 17.1% as of December 2023.[161] Other business units of the company include Siemens Technology (T) for research and development, Siemens Real Estate (SRE) for corporate real estate management, Siemens 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 edit

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 edit

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 transformer
  •  
    A Siemens wind power generator
  •  
    A Siemens steam turbine rotor

Siemens Mobility edit

Main article: 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[buzzword], railway communication systems, and yard and depot solutions[buzzword].[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 Healthineers edit

Main article: Siemens Healthineers
 
A Siemens SPECT/CT scanner in operation

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[buzzword] 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, and advanced therapies. Imaging includes magnetic resonance, 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 edit

Main article: Siemens Financial Services

Siemens Financial Services (SFS) is a division that delivers a range of financing solutions.[buzzword] 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.[buzzword] 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 edit

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:

Joint ventures edit

Siemens's current joint ventures include:

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 edit

Siemens is incorporated in Germany and has its corporate headquarters at the Wittelsbacherplatz in central Munich.[172]

Business trends edit

Sales by region (2023)[160]
Region share
Europe, CIS, Africa, Middle East 29.7%
United States 24.5%
Asia, Australia 22.1%
Germany 19.0%
Americas 4.6%

For the fiscal year 2023, Siemens reported a revenue of €77.7 billion, an increase of 8% over the previous fiscal cycle.[2] In December 2023, Siemens's shares traded at over US$93 per share, and its market capitalization was valued at US$147 billion.[173] According to an Ernst & Young study published in December 2023, Siemens and SAP were the only German companies of the top 100 most valuable companies by market capitalization worldwide.[10]

The key trends of Siemens are (as at the financial year ending September 30):[174][175][176]

Year Revenue
in €billion 		Net income
in €billion 		Total assets
in €billion 		Employees
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 edit

As of 2011, Siemens has operations in around 190 countries and approximately 285 production and manufacturing facilities.[172]

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

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 edit

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 [de] (1919 to 1920)
  • Carl Köttgen [de] (1920 to 1939)
  • Rudolf Bingel [de] (1939 to 1945)
  • Wolf-Dietrich von Witzleben [de] (1945 to 1949)
  • Günther Scharowsky [de] (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]

Chairmen of Siemens AG's managing board (1966 to present)[177]

Chairmen of the Siemens AG Supervisory Board (1966 to present)[177]

  • Ernst von Siemens (1966 to 1971)
  • Peter von Siemens (1971 to 1981)
  • Bernhard Plettner (1981 to 1988)
  • Heribald Närger (1988 to 1993)
  • Hermann Franz (1993 to 1998)
  • Karl-Hermann Baumann (1998 to 2005)
  • Heinrich von Pierer (2005 to 2007)
  • Gerhard Cromme [de] (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 edit

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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Further reading edit

  • 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 edit

 
Wikimedia Commons has media related to Siemens.

January 01, 1970
siemens, this, article, about, german, conglomerate, other, uses, disambiguation, german, pronunciation, ˈziːməns, mɛns, german, multinational, technology, conglomerate, operations, encompass, automation, digitalization, process, manufacturing, industries, int. This article is about the German conglomerate For other uses see Siemens disambiguation Siemens AG German pronunciation ˈziːmens 3 4 5 or 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 buzzword 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 Siemens AGHeadquarters in MunichCompany typePublic Aktiengesellschaft Traded asFWB SIEDAX componentISINDE0007236101IndustryConglomeratePredecessorsSiemens amp HalskeSiemens SchuckertSiemens Reiniger WerkeFounded1 October 1847 176 years ago 1847 10 01 Berlin Kingdom of PrussiaFounderWerner von SiemensHeadquartersMunich Germany 1 Area servedWorldwideKey peopleRoland Busch CEO Jim Hagemann Snabe Chairman Productsindustrial automation drive technology building technology energy technology financial services medical technology mobility solutions buzzword softwareRevenue 77 769 billion 2023 2 Operating income 11 201 billion 2023 2 Net income 8 529 billion 2023 2 Total assets 145 067 billion 2023 2 Total equity 53 060 billion 2023 2 OwnerSiemens family 6 9 Number of employees320 000 2023 2 DivisionsSiemens Digital IndustriesSiemens Smart InfrastructureSiemens MobilitySiemens Financial ServicesWebsitesiemens com The origins of the conglomerate can be traced back to 1847 to the Telegraphen Bau Anstalt von Siemens amp Halske established in Berlin by Werner von Siemens and Johann Georg Halske In 1966 the present day corporation emerged from the merger of three companies Siemens amp Halske Siemens Schuckert and Siemens Reiniger Werke Today headquartered in Munich and Berlin Siemens and its subsidiaries employ approximately 320 000 people worldwide and reported a global revenue of around 78 billion in 2023 6 The company is a component of the DAX and Euro Stoxx 50 stock market indices 9 As of December 2023 Siemens is the second largest German company by market capitalization 10 As of 2023 the principal divisions of Siemens are Digital Industries Smart Infrastructure Mobility and Financial Services with Siemens Mobility operating as independent entity Major business divisions that were once part of Siemens before being spun off include semiconductor manufacturer Infineon Technologies 1999 Siemens Mobile 2005 Gigaset Communications 2008 the photonics business Osram 2013 and Siemens Energy 2020 Contents 1 History 1 1 1847 to 1901 1 2 1901 to 1933 1 3 1933 to 1945 1 4 1945 to 2001 1 5 2001 to 2005 1 6 2005 and continuing worldwide bribery scandal 1 7 2006 to 2011 1 8 2011 to present 2 Operations 2 1 Digital Industries 2 2 Smart Infrastructure 2 3 Siemens Mobility 2 4 Siemens Healthineers 2 5 Siemens Financial Services 2 6 Former operations 2 7 Joint ventures 3 Corporate affairs 3 1 Business trends 3 2 Locations 3 3 Research and development 3 4 Leadership 3 5 Shareholders 4 References 5 Further reading 6 External linksHistory edit1847 to 1901 edit nbsp Werner von Siemens co founder of Siemens amp Halske Siemens amp Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847 Based on the telegraph their invention used a needle to point to the sequence of letters instead of using Morse code The company then called Telegraphen Bauanstalt von Siemens amp Halske opened its first workshop on 12 October 11 In 1848 the company built the first long distance telegraph line in Europe 500 km from Berlin to Frankfurt am Main In 1850 the founder s younger brother Carl Wilhelm Siemens later Sir William Siemens started to represent the company in London The London agency became a branch office in 1858 In the 1850s the company was involved in building long distance telegraph networks in Russia In 1855 a company branch headed by another brother Carl Heinrich von Siemens opened in St Petersburg Russia In 1867 Siemens completed the monumental Indo European telegraph line stretching over 11 000 km from London to Calcutta 12 nbsp First electric locomotive built in 1879 by company founder Werner von Siemens In 1867 Werner von Siemens described a dynamo without permanent magnets 13 A similar system was also independently invented by Anyos Jedlik and Charles Wheatstone but Siemens became the first company to build such devices In 1881 a Siemens AC Alternator driven by a watermill was used to power the world s first electric street lighting in the town of Godalming United Kingdom The company continued to grow and diversified into electric trains and light bulbs In 1885 Siemens sold one of its generators to George Westinghouse thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh Pennsylvania 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 1901 to 1933 edit nbsp The company built airplanes during World War I for example this Siemens airplane in 1926 for Ernst Udet Siemens amp Halske S amp H was incorporated in 1897 and then merged parts of its activities with Schuckert amp Co Nuremberg in 1903 to become Siemens Schuckert In 1907 Siemens Siemens amp 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 amp H and two other companies jointly formed the Osram lightbulb company 17 nbsp British Siemens advertisement from the 1920s During the 1920s and 1930s S amp H started to manufacture radios television sets and electron microscopes 18 In 1932 Reiniger Gebbert amp Schall Erlangen Phonix 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 world first for its design The company is remembered for its desire to raise the wages of its underpaid workers only to be overruled by the Cumann na nGaedheal government 20 1933 to 1945 edit nbsp Prisoners around 1944 working at a Siemens factory in KZ Bobrek a subcamp of Auschwitz concentration camp 21 nbsp A Siemens truck being used as a Nazi public address vehicle in 1932 Siemens at the time Siemens Schuckert exploited the forced labour of deported people in extermination camps The company owned a plant in Auschwitz concentration camp 21 22 nbsp Siemens Factory and Ravensbruck concentration camp Siemens exploited the forced labour of women deported to the Ravensbruck 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 1945 to 2001 edit In the 1950s and from their new base in Bavaria S amp H started to manufacture computers semiconductor devices washing machines and pacemakers citation needed In 1966 Siemens amp Halske S amp 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 nbsp A 1973 Siemens electron microscope on display at the Musee des Arts et Metiers in Paris 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 nbsp Historical Siemens logos 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 allowing AMD to enter the microcomputer development and manufacturing field 32 35 36 37 in particular based on AMD s second source Zilog Z8000 microprocessors 38 39 When the two 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 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 citation needed 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 amp 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 amp Automation Inc 58 2001 to 2005 edit nbsp A Siemens Velaro high speed train in service on the Cologne Frankfurt high speed rail line 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 Kohlberg Kravis Roberts amp Co L P KKR with its metering 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 citation needed 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 edit 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 edit 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 Kuhnle Kopp amp 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 nbsp Siemens power generating wind turbine towers 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 Business Group in a 50 50 joint venture creating a fixed and 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 fur 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 Loscher 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 edit nbsp Roland Busch has served as the company s CEO since 2021 In March 2011 it was decided to list Osram on the stock market in the autumn but CEO Peter Loscher 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 announced that it would exit the nuclear sector following the Fukushima disaster and the subsequent changes to German energy policy Chief executive Peter Loscher 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 amp 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 buzzword 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 editSales by business 2023 160 Business share Siemens Healthineers 27 7 Digital Industries 27 6 Smart Infrastructure 25 2 Mobility 13 5 Portfolio Companies 4 0 Reconciliation 1 4 Siemens Financial Services 0 6 As of 2023 the principal divisions of Siemens are Digital Industries Smart Infrastructure Siemens Mobility Siemens Healthineers and Siemens Financial Services with Siemens Healthineers and Siemens Mobility operating as independent entities Siemens also operates a number of Portfolio Companies with market specific offerings 6 In 2020 the energy business was spun off into the separate Siemens Energy AG with Siemens retaining a stake of 17 1 as of December 2023 161 Other business units of the company include Siemens Technology T for research and development Siemens Real Estate SRE for corporate real estate management Siemens 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 edit 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 edit 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 nbsp A Siemens high voltage transformer nbsp A Siemens wind power generator nbsp A Siemens steam turbine rotor Siemens Mobility edit Main article 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 buzzword railway communication systems and yard and depot solutions buzzword 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 nbsp Siemens C651 trains for the Singapore MRT at Ulu Pandan Depot nbsp Amtrak Siemens SC 44 Charger diesel electric passenger locomotive parked in Santa Fe Depot San Diego nbsp A Siemens Desiro train in operation nbsp Bangkok Skytrain built by Siemens Siemens Healthineers edit Main article Siemens Healthineers nbsp A Siemens SPECT CT scanner in operation 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 buzzword 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 and advanced therapies Imaging includes magnetic resonance 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 edit Main article Siemens Financial Services Siemens Financial Services SFS is a division that delivers a range of financing solutions buzzword 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 buzzword 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 edit 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 edit This section needs expansion You can help by adding to it July 2023 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 amp 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 Hausgerate 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 editSiemens is incorporated in Germany and has its corporate headquarters at the Wittelsbacherplatz in central Munich 172 Business trends edit Sales by region 2023 160 Region share Europe CIS Africa Middle East 29 7 United States 24 5 Asia Australia 22 1 Germany 19 0 Americas 4 6 For the fiscal year 2023 Siemens reported a revenue of 77 7 billion an increase of 8 over the previous fiscal cycle 2 In December 2023 Siemens s shares traded at over US 93 per share and its market capitalization was valued at US 147 billion 173 According to an Ernst amp Young study published in December 2023 Siemens and SAP were the only German companies of the top 100 most valuable companies by market capitalization worldwide 10 The key trends of Siemens are as at the financial year ending September 30 174 175 176 Year Revenuein billion Net incomein billion Total assetsin billion Employees 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 edit As of 2011 Siemens has operations in around 190 countries and approximately 285 production and manufacturing facilities 172 nbsp Siemens s headquarters Munich front nbsp Siemens office building in Munich Giesing nbsp Siemens Tower in Berlin Siemensstadt nbsp Wernerwerk Werner s Factory in Berlin Siemensstadt nbsp Wernerwerk II in Berlin Siemensstadt nbsp Wernerwerk XV in Berlin Siemensstadt nbsp Siemens office building in Erlangen nbsp Siemens office building in Erlangen nbsp Siemens site in Munich Perlach nbsp Former Siemens Gas Turbine Factory now Siemens Energy formerly Ruston amp Hornsby Pelham Works Lincoln England Research and development edit 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 edit 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 de 1919 to 1920 Carl Kottgen de 1920 to 1939 Rudolf Bingel de 1939 to 1945 Wolf Dietrich von Witzleben de 1945 to 1949 Gunther Scharowsky de 1949 to 1951 Friedrich Bauer 1951 to 1962 Bernhard Plettner 1962 to 1966 Chairmen of the Siemens amp 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 de Adolf Lohse de 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 Bernhard Plettner 1971 to 1981 Karlheinz Kaske 1981 to 1992 Heinrich von Pierer 1992 to 2005 Klaus Kleinfeld 2005 to 2007 Peter Loscher 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 Bernhard Plettner 1981 to 1988 Heribald Narger 1988 to 1993 Hermann Franz 1993 to 1998 Karl Hermann Baumann 1998 to 2005 Heinrich von Pierer 2005 to 2007 Gerhard Cromme de 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 edit 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 References edit Corporate Information Siemens Aktiengesellschaft a b c d e f g h Earnings Release and Financial Results Q4 FY 2023 press siemens com Retrieved 16 November 2023 Dudenredaktion Kleiner Stefan Knobl Ralf 2015 First published 1962 Das Ausspracheworterbuch The Pronunciation Dictionary in German 7th ed Berlin Dudenverlag ISBN 978 3 411 04067 4 Krech Eva Maria Stock Eberhard Hirschfeld Ursula Anders Lutz Christian 2009 Deutsches Ausspracheworterbuch German Pronunciation Dictionary in German Berlin Walter de Gruyter ISBN 978 3 11 018202 6 a b Wells John C 2008 Longman Pronunciation Dictionary 3rd ed Longman ISBN 9781405881180 a b c d e f g h i j k l Siemens Report for Fiscal 2022 PDF Siemens Retrieved 30 January 2022 Sachgau Oliver 7 November 2019 Siemens Quarterly Profit Surge Comes With Cautious Outlook Bloomberg com Retrieved 7 November 2019 a b Hopner Axel Siemens Chef Roland Busch sieht enormes Potenzial in den USA Handelsblatt in German Retrieved 7 July 2023 Frankfurt Stock Exchange Archived 19 November 2015 at the Wayback Machine a b Apple bleibt wertvollstes Unternehmen SAP und Siemens in den Top 100 FAZ NET in German 29 December 2023 ISSN 0174 4909 Retrieved 29 December 2023 The year is 1847 How it all began Siemens Historical Institute Siemens AG Archived from the original on 11 December 2020 Retrieved 27 October 2019 Halfway around the world in 28 minutes Indo European Telegraph Line Siemens Historical Institute Archived from the original on 20 January 2008 Retrieved 12 January 2008 Electrification of the world Werner von Siemens and the dynamoelectric principle Siemens Historical Institute Archived from the original on 20 September 2020 Retrieved 5 June 2019 Siemens website 1 August 2012 125 Years Siemens in Japan 1887 2012 Archived 5 March 2016 at the Wayback Machine Retrieved on 12 August 2013 A Brief History of the Hobart Electric Trams Hobart City Council Archived from the original on 24 December 2003 Retrieved 13 June 2021 Fiedler Martin 1999 Die 100 grossten Unternehmen in Deutschland nach der Zahl ihrer Beschaftigten 1907 1938 1973 und 1995 Zeitschrift fur Unternehmensgeschichte in German 1 Munich Verlag C H Beck 32 66 doi 10 1515 zug 1999 0104 S2CID 165110552 Shining bright The interlinked history of Siemens and OSRAM Siemens Historical Institute Archived from the original on 30 September 2020 Retrieved 5 June 2019 Rudenberg H Gunther Rudenberg Paul G 2010 Chapter 6 Origin and Background of the Invention of the Electron Microscope Commentary and Expanded Notes on Memoir of Reinhold Rudenberg Advances in Imaging and Electron Physics Vol 160 Elsevier doi 10 1016 S1076 5670 10 60006 7 ISBN 978 0 12 381017 5 Setting the Course for the Future The Founding of Siemens AG Archived from the original on 25 October 2020 Retrieved 5 June 2019 Bushe Andrew 4 August 2002 Ardnacrusha Dam hard job Sunday Mirror Archived from the original on 21 February 2008 Retrieved 18 September 2010 a b Arendt Hannah 1964 Eichmann in Jerusalem Ein Bericht von der Banalitat des Bosen Munchen p 163 ISBN 978 3 492 24822 8 a href Template Cite book html title Template Cite book cite book a CS1 maint location missing publisher link Guilpin Anais Le travail force dans les camps L Histoire par l image in French Retrieved 24 January 2015 Forced labor at Siemens Ravensbruck German Industry and the Third Reich Fifty Years of Forgetting and Remembering Archived 30 October 2012 at the Wayback Machine Adl org Retrieved on 19 September 2013 Anna Vavak Siemens amp Halske AG in the women s concentration camp at Ravensbruck RLS Siemens amp Halske im Frauenkonzentrationslager Ravensbruck Archived 22 April 2016 at the Wayback Machine Rosalux de Retrieved on 19 September 2013 Barbel Schindler Saefkow Jg 1943 Dr phil Historikerin Leiterin des Projekts Gedenkbuch Ravensbruck Margarete Buber 303f As prisoners of Stalin and Hitler Frankf Main Berlin 1993 Setting the Course for the Future The Founding of Siemens AG Siemens Historical Institute Archived from the original on 25 October 2020 Retrieved 5 June 2019 a b c d Vanessa Fuhrmans 15 April 2011 Siemens Rethinks Nuclear Ambitions The Wall Street Journal Funding Universe History of Marconi plc fundinguniverse com Retrieved 14 July 2012 a b c Malerba Franco The Semiconductor Business The Economics of Rapid Growth and Decline University of Wisconsin Press 1985 p 166 Rodengen pp 59 60 Reindustrialization Or New Industrialization Minutes of a Symposium January 13 1981 Part 3 National Academies 1981 p 53 Rodengen p 60 ADVANCED MICRO COMPUTERS INC Archived 4 November 2014 at the Wayback Machine CaliforniaFirm us ADVANCED MICRO COMPUTERS INC Archived 4 November 2014 at the Wayback Machine CaliforniaCompaniesList com a b Freiberger Paul AMD sued for alleged misuse of subsidiary s secrets InfoWorld 20 June 1983 p 28 Mini micro Systems Volume 15 Cahners Publishing Company 1982 p 286 Rodengen p 62 Siemens and Advanced Micro Devices Agree to Split Joint Venture The Wall Street Journal 14 February 1979 p 38 Swaine Michael Eight Companies to produce the 8086 chip InfoWorld 30 November 1981 p 78 Rodengen p 73 Allis Chalmers amp Siemens Allis Electrical Control Parts information about Siemens Allis Accontroldirect com Archived from the original on 26 November 2010 Retrieved 19 August 2010 Petroleum Industry Transformations Lessons from Norway and Beyond Routledge October 2018 p 103 Wald Matthew L 3 August 1989 ARCO to Sell Siemens Its Solar Energy Unit The New York Times ISSN 0362 4331 Retrieved 26 April 2019 a b History The Best of Both Worlds Wincor Nixdorf Archived from the original on 2 June 2007 Retrieved 10 October 2018 Galvez Munoz Lina Jones Geoffrey G 26 July 2005 Foreign Multinationals in the United States Routledge p 104 ISBN 9781134532100 Retrieved 10 October 2018 Markoff John 14 December 1988 I B M to Sell Rolm to Siemens The New York Times Retrieved 10 October 2018 Siemens Plessey Electronic Systems 1988 Archived from the original on 6 June 2013 Siemens to Buy Power Unit From Westinghouse LA Times Los Angeles Times Reuters 15 November 1997 Retrieved 2 April 2013 Siemens Electromechanical Components Group to be sold to Tyco DGAP 28 September 1999 archived from the original on 20 October 2020 retrieved 19 February 2020 Dave Mote Company History Shared Medical Systems Corporation Answers com Company News Siemans to acquire Shared Medical Systems The New York Times 2 May 2000 Mannesmann Archive brief history Mannesmann archiv de 2000 Archived from the original on 23 January 2015 Report to Securities and Exchange Commission Washington D C PDF Siemens com 27 August 2002 Bruce Davis 1 June 2000 Article Bosch Siemens to buy Atecs Mannesmann unit Brief Article European Rubber Journal Article Highbeam com Archived from the original on 19 January 2012 Company Overview of Moore Products Co Bloomberg News Retrieved 14 February 2018 Chemtech A Siemens company Chemtech com Archived from the original on 1 February 2008 Chemtech A Siemens Company energy siemens com Archived from the original on 9 April 2014 Siemens completes sale of business activities to private equity house KKR 26 September 2002 Archived from the original on 21 October 2020 Retrieved 27 July 2013 Shell Renewables Completes Acquisition of Siemens Solar www renewableenergyworld com 29 April 2002 Archived from the original on 28 October 2020 Retrieved 26 April 2019 Acquisition of Flow Division of Danfoss successful Automation siemens com 6 September 2003 Archived from the original on 28 July 2011 Siemens to buy IndX Software ITworld com 2 December 2003 Retrieved 18 September 2010 Siemens Venture Capital Investments IndX Software Corporation Finance siemens com United Nations Security Council 4943 S PV 4943 page 7 15 April 2004 Retrieved 6 September 2007 Malcolm Moore 7 April 2003 Siemens to buy Alstom turbines London Telegraph co uk Archived from the original on 11 January 2022 Retrieved 18 September 2010 Alstom completes the sale of its medium gas turbines and industrial steam turbines businesses to Siemens Alstom com 1 August 2003 dead link Siemens covets style over substance 11 February 2003 Siemens Unit Opens Office in San Jose Archived from the original on 1 November 2013 SIEMENS TARGETS 10pc OF HANDSETS 7 March 2003 Siemens puts fashion way out in front Archived from the original on 30 October 2013 Eva Balslev 20 October 2004 Siemens buys Bonus Energy Guidedtour windpower org Archived from the original on 21 March 2011 Siemens to acquire Bonus Energy A S in Denmark and enter wind energy business Edubourse com 20 October 2004 Archived from the original on 10 July 2011 Retrieved 18 September 2010 Siemens Venture magazine PDF energy siemens com May 2005 p 5 Archived from the original PDF on 26 February 2011 Retrieved 19 August 2010 Michael Newlands 17 June 2004 Siemens ICN to invest E100m in Korean unit Dasan Total Telecom Totaltele com Archived from the original on 28 September 2011 Retrieved 19 August 2010 Nokia Siemens Networks sells 56 pc stake in Dasan Economictimes indiatimes com Reuters 28 August 2008 dead link Siemens hits the UK market running with Photo Scan takeover CCTV Today 1 November 2004 Siemens acquires US Filter Corp Siemens setzt auf Wasser und plant weitere Zukaufe Europe Intelligence Wire Accessmylibrary com 13 May 2004 Retrieved 18 September 2010 Chrysler Group s Huntsville electronics ops to be acquired by Siemens VDO Automotive Emsnow com 10 February 2004 Archived from the original on 2 January 2013 John Cox 10 December 2004 Siemens swallows start up Chantry Network World Fusion Network World US News techworld com Archived from the original on 18 July 2011 Retrieved 18 September 2010 Company History Flender Flender com Archived from the original on 10 March 2012 Bewator a bright future with a brand new name PDF buildingtechnologies siemens com April 2008 Archived from the original PDF on 7 October 2011 Siemens Power Generation Acquires Pittsburgh Based Wheelabrator Air Pollution Control Inc Business Portfolio Expanded to Include Emission Prevention and Control Solutions Business Wire Findarticles com 5 October 2005 Archived from the original on 16 October 2015 Siemens uebernimmt AN Windenergie GmbH Windmesse de 3 November 2005 Higgins Dan 11 January 2005 German conglomerate Siemens buys Schenectady N Y based energy software firm Times Union Albany New York Accesssmylibrary com Siemens buys CTI molecular imaging Instrument Business Outlook Allbusiness com 15 May 2005 Siemens acquires CTI Molecular Imaging Thefreelibrary com Siemens Power Transmission acquires Shaw Power Tech Int Ltd from Shaw Group Inc Thomson Financial Mergers amp Acquisitions Alacrastore com December 2004 Siemens Power Transmission amp Distribution has acquired the business activities of Shaw Power Technologies Inc in the U S and Shaw Power Technologies Limited in the U K Utility Automation amp Engineering T amp D Alacrastore com 1 January 2005 Siemens acquires Transmitton PDF Press release Siemenstransportation co uk 15 August 2005 Archived from the original PDF on 8 November 2007 Bloomberg com 20 May 2007 Retrieved 12 January 2008 a b c Schubert Siri Miller T Christian 20 December 2008 At Siemens Bribery Was Just a Line Item The New York Times O Reilly Cary Matussek Karin 16 December 2008 Siemens to Pay 1 6 Billion to Settle Bribery Cases The Washington Post Gow David 15 December 2008 Record US fine ends Siemens bribery scandal The Guardian United States of America v Siemens Aktiengesellschaft PDF United States District Court for the District of Columbia 2 May 2013 nbsp This article incorporates text from this source which is in the public domain Sims Richard 2001 Japanese Political History Since the Meiji Renovation 1868 2000 Palgrave Macmillan p 113 ISBN 0 312 23915 7 Ex power company execs charged in massive Siemens bribery case The Times of Israel Retrieved 26 August 2016 NBC Bayer Sells Diagnostics unit to Siemens Archived 12 August 2016 at the Wayback Machine NBC News 29 June 2006 Retrieved 12 May 2016 Siemens Acquires Controlotron Impeller net Archived from the original on 27 November 2010 Retrieved 19 August 2010 Controlotron Company Reference Sea siemens com Archived from the original on 16 July 2011 Retrieved 19 August 2010 1 Archived 4 April 2012 at the Wayback Machine a b EU cracks down on electricity gear cartel EurActiv 25 January 2007 Archived from the original on 3 March 2016 Retrieved 7 February 2008 Milne Richard 28 March 2007 Board member arrested in new blow for Siemens Financial Times Archived from the original on 23 December 2007 Corruption Scandal Deepens Fresh Blow For Siemens as Senior Executive Arrested Der Spiegel 28 March 2007 ISSN 2195 1349 Retrieved 3 June 2023 Associated Press quoted by Forbes Nokia Siemens Venture to Start in April dead link 15 March 2007 International Herald Tribune Bribery trial deepens Siemens woes Archived 11 December 2008 at the Wayback Machine 13 March 2007 Agande Ben Miebi Senge 5 December 2007 Bribe FG blacklists Siemens Vanguard Vanguard Media Retrieved 7 December 2007 Taiwo Juliana 6 December 2007 FG Blacklists Siemens Cancels Contract Thisday Leaders amp Company Archived from the original on 8 December 2007 Retrieved 7 December 2007 Merrill Molly Siemens acquires Dade Behring for 7B Archived 5 June 2016 at the Wayback Machine Healthcare IT News 25 July 2007 Retrieved 12 May 2016 Siemens to spin off SEN into JV with Gores Group Reuters 29 July 2008 Siemens invests 15 million in Israeli solar company Arava Power PDF Press release Siemens AG 28 August 2009 Retrieved 27 June 2011 Cellan Jones Rory 22 June 2009 Hi tech helps Iranian monitoring BBC News Retrieved 7 April 2010 Eli Lake 13 April 2009 Fed contractor cell phone maker sold spy system to Iran Washington Times Rhoads Christopher Chao Loretta 22 June 2009 Iran s Web Spying Aided By Western Technology The Wall Street Journal Valentina Pop 3 June 2010 Nokia Siemens Rues Iran Crackdown Role www businessweek com archived from the original on 5 March 2016 Tarmo Virki 13 December 2011 Nokia Siemens to ramp down Iran operations ca reuters com Matt Warman 11 February 2010 Nokia Siemens instrumental to persecution and arrests of Iranian dissidents says EU www telegraph co uk London archived from the original on 11 January 2022 Siemens to decisively strengthen its position in the growth market solar thermal power Reference number Siemens ERE200910 13e PDF Press release Siemens AG Press Office Energy Sector Renewable Energy Division 15 October 2009 Archived from the original PDF on 4 November 2012 Retrieved 4 May 2011 a b Fromm Thomas 17 December 2010 Trennung zehn Jahre zu spat in German Suddeutsche Zeitung GmbH Eshel Tamir 27 December 2010 Siemens Depart from KMW Defense Update Siemens to quit nuclear industry BBC News 18 September 2011 Siemens To Acquire LMS International Quick Facts 8 November 2012 Retrieved 31 July 2013 Ewing Adam 1 July 2013 Nokia Buys Out Siemens in Equipment Venture for 2 2 Billion 4 Businessweek Archived from the original on 3 July 2013 Retrieved 5 August 2013 Maria Sheahan 6 August 2013 Siemens wins 967 million order from Saudi Aramco Reuters Archived from the original on 18 July 2020 Retrieved 2 July 2017 Stanley Reedmarch 25 March 2014 Siemens to Invest 264 Million in British Wind Turbine Project The New York Times Rolls Royce sells energy arm to Siemens in 1bn deal The Telegraph London 7 May 2014 Archived from the original on 11 January 2022 Jens Hack and Natalie Huet Siemens and Mitsubishi challenge GE with Alstom offer Reuters 16 June 2014 Archived 16 October 2015 at the Wayback Machine Pulsinelli Olivia 22 December 2015 Dresser Rand to close Houston facility cut jobs Houston Business Journal Retrieved 6 December 2017 Ludwig Burger 22 September 2014 Siemens in agreed 7 6 billion deal to buy Dresser Rand Reuters Siemens to expand its digital industrial leadership with acquisition of Mentor Graphics www siemens com Retrieved 14 November 2016 Department of Justice Office of Public Affairs 27 November 2017 U S Charges Three Chinese Hackers Who Work at Internet Security Firm for Hacking Three Corporations for Commercial Advantage United States Department of Justice Siemens buys Fast Track Diagnostics to boost molecular offering Reuters 15 December 2017 Retrieved 15 December 2017 Siemens strengthens its digital enterprise leadership with acquisition of mendix www siemens com Allen Nathan Siemens to acquire J2 Innovations MarketWatch Retrieved 28 April 2020 Wilson Alexandra Siemens Doubles Down On Smart Building Investment Acquiring Oakland Startup Comfy Forbes Retrieved 28 April 2020 Siemens drives digital transformation in buildings with acquisition of Enlighted Retrieved 28 April 2020 Siemens Orascom sign deal to rebuild Iraq power plant Reuters 14 September 2019 Retrieved 17 September 2019 Massola James Big surge in opposition to Adani new polling reveals The Sydney Morning Herald Retrieved 12 February 2020 Readfearn Graham Adani coalmine Siemens CEO has empathy for environment but refuses to quit contract The Guardian Retrieved 12 February 2020 Prasad Rachita Siemens to acquire C amp S Electric for Rs 2 100 crore The Economic Times Retrieved 27 February 2021 CCI approves Siemens acquisition of C amp S Electric businessline 20 August 2020 Retrieved 27 February 2021 Siemens acquires iMetrex Technologies Hindustan Times 24 April 2007 Retrieved 27 February 2021 Siemens baut fokussierten Energieriesen und steigert Leistungsfah press siemens com in German Retrieved 2 September 2020 magazin manager 9 July 2020 Joe Kaeser will keine Kohle mehr manager magazin Unternehmen www manager magazin de in German Retrieved 2 September 2020 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 2 August 2020 Retrieved 3 August 2020 Roland Busch ist neuer CEO von Siemens Die Presse in German 19 March 2020 Retrieved 8 July 2023 Siemens Acquires Wattsense to Boost IoT Systems for Small and Medium Buildings Automation com 6 October 2021 Siemens the German technology giant leaves Russia after 170 years The New York Times 12 May 2022 ISSN 0362 4331 Retrieved 14 July 2023 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 Dallas Innovates Retrieved 20 July 2022 Siemens and Volta Trucks partner to accelerate commercial fleet electrification Press release Zug Switzerland Siemens AG 2022 10 13 Retrieved 20 May 2023 PHROC Open Letter to Siemens Regarding EuroAsia Interconnector BDS movement 5 October 2022 Selection of SIEMENS AG as the Preferred Bidder for the award of the contract of PCI 3 10 EuroAsia Interconnector VSC HVDC Converters EuroAsia Interconnector 27 March 2020 EU interconnector Cyprus energy isolation or Israeli gas EU Observer Ruehl Mercedes Nilsson Patricia 15 June 2023 Siemens unveils big investments in China and Singapore factories Financial Times Hubner Alexander Revill John 13 July 2023 Siemens to spend 1 billion euros in Germany as Berlin warns about China Reuters Retrieved 14 July 2023 World Automotive 22 August 2023 Siemens to acquire Heliox specialist in eBus and eTruck fast charging solutions Automotive World Retrieved 23 August 2023 Siemens to invest 100m on Chippenham research centre BBC News 4 March 2024 Retrieved 4 March 2024 Morling Rachael 21 March 2024 Siemens to acquire industrial drive technology business of ebm papst Design Solutions Retrieved 21 March 2024 a b Siemens AG Shareholders Board Members Managers and Company Profile DE0007236101 MarketScreener www marketscreener com Retrieved 22 March 2024 Maier Angela 19 December 2023 Diskreter Abverkauf der Energy Anteile Siemens schadet mit einem buchhalterischen Trick seinen www wiwo de in German Retrieved 29 December 2023 Siemens aims to raise software businesses sales share to 20 12 April 2023 Retrieved 7 July 2023 Revill John 29 June 2022 Siemens and Nvidia collaborate to expand digital services Reuters Retrieved 7 July 2023 a b Siemens About Siemens www siemens com Retrieved 8 October 2018 EU blocks Siemens Alstom merger DW 02 06 2019 dw com Retrieved 7 July 2023 Handelsblatt Deals Warum Siemens so fleissig beim Verkauf eigener Sparten ist Handelsblatt in German Retrieved 14 July 2023 Siemens Traction Equipment Ltd Zhuzhou PDF CN siemens com Archived from the original PDF on 21 September 2013 Company Overview of Omnetric Group Bloomberg Retrieved 1 August 2017 Bingemann Mitchell 22 August 2013 Silcar s top staff go as Thiess puts in its own The Australian Retrieved 13 February 2014 Adhikari Supratim 22 August 2013 Silcar old guard makes way as Thiess exerts control Business Spectator Archived from the original on 8 March 2014 Retrieved 13 February 2014 Capabilities Services Telecommunications Thiess Archived from the original on 22 February 2014 Retrieved 13 February 2014 a b Annual Report 2011 PDF Siemens Retrieved 3 September 2012 SIEGY Key Statistics SIEMENS AG Stock Yahoo Finance Retrieved 29 December 2023 Siemens Annual Reports siemens com Global Website Retrieved 9 April 2024 Siemens Fundamentalanalyse KGV Kennzahlen boerse de in German Retrieved 9 April 2024 Siemens 2008 2015 boerse de in German Archived from the original on 19 March 2017 Retrieved 9 April 2024 a b c d Chairmen of the Managing Board and Supervisory Board of Siemens amp Halske AG and Siemens Schuckertwerke GmbH AG or Siemens AG PDF Siemens Archived from the original PDF on 29 October 2020 Retrieved 28 August 2012 Managing Board Siemens Retrieved 5 March 2021 Managing Board Archived 9 September 2016 at the Wayback MachineSiemens Global Website Retrieved 17 October 2016 Annual Report Archived 8 April 2016 at the Wayback Machine as of July 2015Further reading editBundesarchiv Berlin NS 19 No 968 Communication on the creation of the barracks for the Siemens amp 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 Reichsfuhrer 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 Fullberg Stolberg Sylvia Kempe work at Ravensbruck concentration camp in Women in concentration camps Bergen Belsen Ravensbruck 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 Ravensbruck 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 edit nbsp Wikimedia Commons has media related to Siemens Official website nbsp Documents and clippings about Siemens in the 20th Century Press Archives of the ZBW Siemens Historical Institute Portal nbsp Companies Retrieved from https en wikipedia org w index php title Siemens amp oldid 1222874657, wikipedia, wiki, book, books, library,

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