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Siemens
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{{about|a German engineering company|the former Fujitsu-Siemens company|Fujitsu Siemens Computers|other uses||}}{{Use dmy dates|date=March 2016}}







factoids
DAX Component| predecessor = A. Reyrolle & CompanySiemens-SchuckertSiemens-Reiniger-Werke| founder = Werner von SiemensBerlin, Kingdom of Prussia| location = Werner-von-Siemens-Straße 1, 80333 Munich, Germany"Corporate Information", Siemens Aktiengesellschaft.| area_served = Worldwide| key_people = Joe Kaeser (CEO)Ralf P. Thomas (CFO)
  • Managing BoardWEB,weblink Siemens company profile, August 8, 2019, Joe Kaeser Roland Busch Lisa Davis Klaus Helmrich Janina Kugel Cedrik Neike Michael Sen
Conglomerate (company)>ConglomeratePower generation technology, industrial and buildings automation, medical technology, Train>railway vehicles, water treatment systems, fire alarms, PLM softwareTertiary sector of the economy>Business services, financing, project engineering and constructionACCESSDATE=20 NOVEMBER 2019, Siemens, | operating_income = {{Decrease}} €7.518 billion (2019)| net_income = {{Decrease}} €5.648 billion (2019)| assets = {{Increase}} €150.248 billion (2019)| equity = {{Increase}} €50.984 billion (2019)| num_employees = 385,000 (2019)Siemens Healthineers>Healthineers, Mobility, Power and Gas, Power Generation Services, Wind Power and Renewables, Building Technologies, IoT Servicesweblink}}}}Siemens AG (Aktiengesellschaft) ({{IPA-de|ˈziːməns}}BOOK, Dudenredaktion, Kleiner, Stefan, Knöbl, Ralf, 2015, First published 1962, Das Aussprachewörterbuch, The Pronunciation Dictionary,weblink German, 7th, Berlin, Dudenverlag, 978-3-411-04067-4, BOOK, Krech, Eva-Maria, Stock, Eberhard, Hirschfeld, Ursula, Anders, Lutz Christian, Deutsches Aussprachewörterbuch, German Pronunciation Dictionary,weblink German, 2009, Walter de Gruyter, Berlin, 978-3-11-018202-6, BOOK, Wells, John C., 2008, Longman Pronunciation Dictionary,weblink 3rd, Longman, 9781405881180, {{small|or}} {{IPA-de|-mɛns|}}) is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad.WEB,weblink Siemens Quarterly Profit Surge Comes With Cautious Outlook, Sachgau, Oliver, Bloomberg, live, 7 November 2019, The principal divisions of the company are Industry, Energy, Healthcare (Siemens Healthineers), and Infrastructure & Cities, which represent the main activities of the company.AuntMinnie.com. "Siemens Healthcare now known as Siemens Healthineers" {{webarchive |url=https://web.archive.org/web/20160604034850weblink |date=4 June 2016 }}, AuntMinnie.com, 4 May 2016. Retrieved on 12 May 2016.Reuters. "Siemens healthcare rebrands as 'Healthineers'" {{webarchive |url=https://web.archive.org/web/20160507112040weblink |date=7 May 2016 }}, Reuters, 4 May 2016. Retrieved on 12 May 2016.Siemens Corporate Website. "Siemens Healthcare Becomes Siemens Healthineers" {{webarchive |url=https://web.archive.org/web/20160508132139weblink |date=8 May 2016 }}, Siemens, 4 May 2016. Retrieved on 12 May 2016. The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company's total sales, is its second-most profitable unit, after the industrial automation division.NEWS,weblink Bloomberg.com, 12 January 2008, 20 May 2007, The company is a component of the Euro Stoxx 50 stock market index.Frankfurt Stock Exchange {{webarchive|url=https://web.archive.org/web/20151119171222weblink |date=19 November 2015 }} Siemens and its subsidiaries employ approximately 385,000 people worldwide and reported global revenue of around €87 billion in 2019 according to its earnings release.

History

1847 to 2019

File:Wvs 1885.jpg|thumb|left|upright=0.75|Werner von Siemens, co-founder of Siemens & HalskeSiemens & HalskeSiemens & 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.WEB,weblink The year is 1847 – How it all began", Siemens Historical Institute, Siemens AG, 27 October 2019, In 1916, 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 Calcutfdj.WEB,weblink Halfway around the world in 28 minutes – Indo-European Telegraph Line, Siemens Historical Institute,weblink" title="web.archive.org/web/20080120233553weblink">weblink 20 January 2008, dead, 12 January 2008, File:First electric locomotive, built in 1879 by Werner von Siemens.jpg|thumb|upright=1.05|First electric locomotiveelectric locomotiveIn 1867, Werner von Siemens described a dynamo without the right stets I’d permanent magnets.WEB,weblink Electrification of the world – Werner von Siemens and the dynamoelectric principle, Siemens Historical Institute, en, 2019-06-05, A similar system was also independently invented by 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 1887, it opened its first office in Japan.Siemens website August 1, 2012 – 125 Years Siemens in Japan (1887–2012) {{webarchive |url=https://web.archive.org/web/20160305014307weblink |date=5 March 2016 }} Retrieved on 12 August 2013 In 1890, the founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm.

1901 to 2019

File:Bundesarchiv Bild 183-1985-0607-500, Ernst Udet in Flugzeug "Flamingo".jpg|thumb|left|upright=1.05|The company built airplanes during World War IWorld War ISiemens & 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.JOURNAL, Fiedler, Martin, 1999, Die 100 größten Unternehmen in Deutschland – nach der Zahl ihrer Beschäftigten – 1907, 1938, 1973 und 1995, Zeitschrift für Unternehmensgeschichte, Verlag C.H. Beck, Munich, 1, 32–66, German, (see List of German companies by employees in 1907)In 1919, S & H and two other companies jointly formed the Osram lightbulb company.WEB,weblink Shining bright – The interlinked history of Siemens and OSRAM, Siemens Historical Institute, en, 2019-06-05, (File:OldSiemensposter.jpg|thumb|upright|right|British Siemens advertisement from the 1920s era.)During the 1920s and 1930s, S & H started to manufacture radios, television sets, and electron microscopes.BOOK, Rudenberg, H Gunther, Rudenberg, Paul G, 2010, 978-0-12-381017-5, Advances in Imaging and Electron Physics, Chapter 6 – Origin and Background of the Invention of the Electron Microscope: Commentary and Expanded Notes on Memoir of Reinhold Rüdenberg, Elsevier, 160, 10.1016/S1076-5670(10)60006-7, In 1932, (:de:Reiniger, Gebbert & Schall|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.WEB,weblink Setting the Course for the Future – The Founding of Siemens AG, 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 under-paid workers only to be overruled by the Cumann na nGaedheal government.NEWS,weblink Ardnacrusha – Dam hard job, 4 August 2002, Sunday Mirror, 18 September 2010, Andrew, Bushe, dead,weblink" title="web.archive.org/web/20080221060803weblink">weblink 21 February 2008,

1933 to 1945

File:USHMM95273 -Siemens factory in KZ Bobrek.jpg|thumb|left|upright=1.05|Prisoners around 1944 working at a Siemens factory in KZ Bobrek, a subcamp of Auschwitz concentration campAuschwitz concentration campFile:Bundesarchiv Bild 183-R97782, Berlin, Wahlwerbung der NSDAP in.jpg|right|upright=1.05|thumb|A Siemens truck being used as a Nazi public addresspublic addressSiemens (at the time: Siemens-Schuckert) exploited the forced labour of deported people in extermination camps. The company owned a plant in Auschwitz concentration camp.BOOK, Arendt, Hannah, Eichmann in Jerusalem. Ein Bericht von der Banalität des Bösen, 1964, München, 978-3-492-24822-8, 163, WEB, Guilpin, Anaïs, Le travail forcé dans les camps,weblink L'Histoire par l'image, 24 January 2015, French, 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 Siemenswelt, and it was determined much of the book contained false claims although the trial itself publicized Siemens' history in Nazi Germany.German Industry and the Third Reich: Fifty Years of Forgetting and Remembering {{webarchive |url=https://web.archive.org/web/20121030133244weblink |date=30 October 2012 }}. Adl.org. Retrieved on 19 September 2013. 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.Anna Vavak: Siemens & Halske AG in the women's concentration camp at RavensbrückRLS – Siemens & Halske im Frauenkonzentrationslager Ravensbrück {{webarchive |url=https://web.archive.org/web/20160422045055weblink |date=22 April 2016 }}. Rosalux.de. Retrieved on 19 September 2013.Bärbel Schindler-Saefkow – Jg. 1943, Dr. phil., Historikerin, Leiterin des Projekts »Gedenkbuch Ravensbrück".Margarete Buber: 303f As prisoners of Stalin and Hitler, Frankf / Main, Berlin 1993Siemens businessman and Nazi Party member John Rabe is, however, credited with saving many Chinese lives during the infamous Nanking Massacre. He later toured Germany lecturing on the atrocities committed by Japanese forces in Nanking.WEB,weblink John Rabe – 'The Good Man of Nanjing', Siemens Historical Institute, en, 2019-06-05,

1945 to 2001

In the 1950s, and from their new base in Bavaria, S&H started to manufacture computers, semiconductor devices, washing machines, and pacemakers.{{citation needed|date=February 2016}} 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.WEB,weblink Setting the Course for the Future – The Founding of Siemens AG, Siemens Historical Institute, en, 2019-06-05, In 1969, Siemens formed Kraftwerk Union with AEG by pooling their nuclear power businesses.NEWS,weblink Siemens Rethinks Nuclear Ambitions, 15 April 2011, Vanessa Fuhrmans, The Wall Street Journal, File:Siemens-electron-microscope.jpg|thumb|upright=0.75|A 1973 Siemens electron microscope on display at the Musée des Arts et MétiersMusée des Arts et MétiersThe company's first digital telephone exchange was produced in 1980. 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.WEB, Funding Universe - History of Marconi plc, fundinguniverse.com,weblink 14 July 2012, 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' Energy and Automation division.WEB,weblink Allis-Chalmers & Siemens-Allis Electrical Control Parts, information about Siemens-Allis, Accontroldirect.com, In 1987, Siemens reintegrated Kraftwerk Union, the unit overseeing nuclear power business.In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing plants, from industry pioneer ARCO Solar, owned by oil firm ARCO.NEWS,weblink ARCO to Sell Siemens Its Solar Energy Unit, Wald, Matthew L., 1989-08-03, The New York Times, 2019-04-26, en-US, 0362-4331, In 1991, Siemens acquired Nixdorf Computer AG and renamed it Siemens Nixdorf Informationssysteme AG, in order to produce personal computers.WEB,weblinkweblink" title="web.archive.org/web/20070602134044weblink">weblink 2007-06-02, History: The Best of Both Worlds, Wincor Nixdorf, 2018-10-10, dmy-all, In October 1991, Siemens acquired the Industrial Systems Division of Texas Instruments, Inc, based in Johnson City, Tennessee. This division was organized as Siemens Industrial Automation, Inc.,BOOK, Gálvez-Muñoz, Lina, Jones, Geoffrey G, Foreign Multinationals in the United States,weblink 2018-10-10, 2005-07-26, Routledge, 9781134532100, 104, dmy-all, 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.NEWS,weblink I.B.M. to Sell Rolm to Siemens, Markoff, John, 1988-12-14, The New York Times, 2018-10-10, en, In 1993-1994, Siemens C651 electric trains for Singapore's Mass Rapid Transit (MRT) system were built in Austria.{{citation needed|date=September 2018}}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.WEB,weblink 1988, Siemens Plessey Electronic Systems, dead,weblink" title="web.archive.org/web/20130606011129weblink">weblink 6 June 2013, In October 1997, Siemens Financial Services (SFS) was founded to act as 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.NEWS, Reuters, Siemens to Buy Power Unit From Westinghouse,weblink LA Times, Los Angeles Times, 2 April 2013, 15 November 1997, In 1999, Siemens' semiconductor operations were spun off into a new company called Infineon Technologies. In the same year, Siemens Nixdorf Informationssysteme AG became part of Fujitsu Siemens Computers AG, with its retail banking technology group becoming Wincor Nixdorf.In 2000, Shared Medical Systems CorporationWEB,weblink Company History: Shared Medical Systems Corporation, Dave Mote, Answers.com, was acquired by the Siemens' Medical Engineering Group,NEWS,weblink Company News: Siemans to acquire Shared Medical Systems, 2 May 2000, The New York Times, eventually becoming part of Siemens Medical Solutions.Also in 2000, Atecs-Mannesman was acquired by Siemens,WEB,weblink Mannesmann Archive – brief history, 2000, Mannesmann-archiv.de, dead,weblink" title="web.archive.org/web/20150123115944weblink">weblink 23 January 2015, 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.WEB,weblink Report to Securities and Exchange Commission, Washington, D.C., 27 August 2002, Siemens.com, Other parts of the company were acquired by Robert Bosch GmbH at the same time.WEB,weblinkweblink" title="web.archive.org/web/20120119041952weblink">weblink dead, 19 January 2012, Article: Bosch, Siemens to buy Atecs Mannesmann unit. (Brief Article), Bruce Davis, 1 June 2000, European Rubber Journal Article, Highbeam.com, Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens Energy & Automation, Inc.WEB,weblink Company Overview of Moore Products Co., 14 February 2018,

2001 to 2005

File:ICE 3 Oberhaider-Wald-Tunnel.jpg|thumb|A Siemens Velaro high speed train in service on the Köln–Frankfurt high-speed rail lineKöln–Frankfurt high-speed rail lineIn 2001, Chemtech Group of Brazil was incorporated into the Siemens Group;WEB,weblinkweblink" title="web.archive.org/web/20080201162405weblink">weblink dead, 2008-02-01, Chemtech: A Siemens' company, Chemtech.com, it provides industrial process optimisation, consultancy and other engineering services.WEB,weblink Chemtech – A Siemens Company, energy.siemens.com, dead,weblink" title="web.archive.org/web/20140409213455weblink">weblink 9 April 2014, Also in 2001, Siemens formed joint venture Framatome with Areva SA of France by merging much of the companies' nuclear businesses.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.WEB,weblink Siemens completes sale of business activities to private equity house KKR, 26 September 2002, 27 July 2013, 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.WEB,weblink Shell Renewables Completes Acquisition of Siemens Solar, www.renewableenergyworld.com, 2019-04-26, In 2003, Siemens acquired the flow division of Danfoss and incorporated it into the Automation and Drives division.WEB,weblink Acquisition of Flow Division of Danfoss successful, 6 September 2003, Automation.siemens.com,weblink" title="web.archive.org/web/20110728000808weblink">weblink 28 July 2011, dead, dmy-all, Also in 2003 Siemens acquired IndX software (realtime data organisation and presentation).WEB,weblink Siemens to buy IndX Software, 2 December 2003, ITworld.com, 18 September 2010, WEB,weblink Siemens Venture Capital – Investments, IndX Software Corporation, Finance.siemens.com, The same year in an unrelated development Siemens reopened its office in Kabul.{{UN document |docid=S-PV-4943 |body=Security Council |meeting=4943 |page=7 |anchor=pg006-bk02 |date=15 April 2004 |time=undefined |accessdate=6 September 2007 }} Also in 2003 agreed to buy Alstom Industrial Turbines; a manufacturer of small, medium and industrial gas turbines for €1.1 billion.NEWS,weblink Siemens to buy Alstom turbines, Malcolm Moore, 7 April 2003, Telegraph.co.uk, 18 September 2010, London, WEB,weblink Alstom completes the sale of its medium gas turbines and industrial steam turbines businesses to Siemens, 1 August 2003, Alstom.com, {{dead link|date=February 2019|bot=medic}}{{cbignore|bot=medic}}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.WEB,weblink Siemens covets style over substance, On 6 March 2003, the company opened an office in San Jose.WEB,weblink SIEMENS UNIT OPENS OFFICE IN SAN JOSE, On 7 March 2003, the company announced that it planned to gain 10 per cent of the mainland China market for handsets.WEB,weblink SIEMENS TARGETS 10pc OF HANDSETS, On 18 March 2003, the company unveiled the latest in its series of Xelibri fashion phones.WEB
,weblink
,weblink
, dead
, 2013-10-30
, Siemens puts fashion way out in front
, In 2004, the wind energy company Bonus Energy in Brande, Denmark was acquired,WEB,weblink Siemens buys Bonus Energy, Eva Balslev, 20 October 2004, Guidedtour.windpower.org, dead,weblink" title="web.archive.org/web/20110321064835weblink">weblink 21 March 2011, WEB,weblink Siemens to acquire Bonus Energy A/S in Denmark and enter wind energy business, 20 October 2004, Edubourse.com, 18 September 2010, forming Siemens Wind Power division.WEB,weblink Siemens Venture magazine, May 2005, 5, energy.siemens.com, Also in 2004 Siemens invested in Dasan Networks (South Korea, broadband network equipment) acquiring ~40% of the shares,WEB,weblink Siemens ICN to invest E100m in Korean unit Dasan, Michael Newlands, 17 June 2004, Total Telecom, Totaltele.com, Nokia Siemens disinvested itself of the shares in 2008.NEWS,weblink Nokia Siemens Networks sells 56 pc stake in Dasan, 28 August 2008, Reuters, Economictimes.indiatimes.com, {{Dead link|date=May 2011|bot=RjwilmsiBot}} The same year Siemens acquired Photo-Scan (UK, CCTV systems),NEWS,weblink Siemens hits the UK market running with Photo-Scan takeover, 1 November 2004, CCTV Today, US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from Veolia),NEWS,weblink Siemens acquires US Filter Corp (Siemens setzt auf Wasser und plant weitere Zukaufe), 13 May 2004, Europe Intelligence Wire, Accessmylibrary.com, 18 September 2010, Hunstville Electronics Corporation (automobile electronics, acquired from Chrysler),WEB,weblinkweblink" title="archive.today/20130102121735weblink">weblink dead, 2 January 2013, Chrysler Group's Huntsville electronics ops to be acquired by Siemens VDO Automotive, 10 February 2004, Emsnow.com, and Chantry Networks (WLAN equipment).WEB,weblink Siemens swallows start-up Chantry, John Cox, 10 December 2004, Network World Fusion Network World US, News.techworld.com, 18 September 2010, 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),WEB,weblink Company History: Flender, Flender.com, dead,weblink" title="web.archive.org/web/20120310182942weblink">weblink 10 March 2012, Bewator AB (building security systems),WEB,weblink Bewator: a bright future with a brand new name, April 2008, buildingtechnologies.siemens.com'', dead,weblink" title="web.archive.org/web/20111007100556weblink">weblink 7 October 2011, Wheelabrator Air Pollution Control, Inc. (Industrial and power station dust control systems),NEWS,weblink Siemens Power Generation Acquires Pittsburgh-Based Wheelabrator Air Pollution Control, Inc.; Business Portfolio Expanded to Include Emission Prevention and Control Solutions, 5 October 2005, Business Wire, Findarticles.com, dead,weblink" title="web.archive.org/web/20151016231139weblink">weblink 16 October 2015, AN Windenergie GmbH. (Wind energy),WEB,weblink Siemens uebernimmt AN Windenergie GmbH, 3 November 2005, Windmesse.de, Power Technologies Inc. (Schenectady, USA, energy industry software and training),NEWS,weblink German conglomerate Siemens buys Schenectady, N.Y.-based energy software firm, 11 January 2005, Times Union (Albany, New York), Accesssmylibrary.com, Dan, Higgins, CTI Molecular Imaging (Positron emission tomography and molecular imaging systems),WEB,weblink Siemens buys CTI molecular imaging, 15 May 2005, Instrument Business Outlook, Allbusiness.com, WEB,weblink Siemens acquires CTI Molecular Imaging, Thefreelibrary.com, Myrio (IPTV systems),WEB,weblink Myrio, Crunchbase.com, Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from Shaw Group),WEB,weblink Siemens Power Transmission acquires Shaw Power Tech Int Ltd from Shaw Group Inc, December 2004, Thomson Financial Mergers & Acquisitions, Alacrastore.com, NEWS,weblink Siemens Power Transmission & Distribution has acquired the business activities of Shaw Power Technologies Inc. in the U.S. and Shaw Power Technologies Limited in the U.K., 1 January 2005, Utility Automation & Engineering T&D, Alacrastore.com, and Transmitton (Ashby de la Zouch UK, rail and other industry control and asset management).WEB,weblink Siemens acquires Transmitton, 15 August 2005, Press release, Siemenstransportation.co.uk, dead,weblink" title="web.archive.org/web/20071108130316weblink">weblink 8 November 2007,

2005 and continuing: worldwide bribery scandal

In 2005 Germany opened investigations into Siemens business practices worldwide, prompted by requests from prosecutors in Italy, Liechtenstein and Switzerland; US investigators joined in 2006 and the US investigators addressed violations only since 2001, when Siemens started selling shares in a US stock exchange.NEWS, Schubert, Siri, Miller, T. Christian, At Siemens, Bribery Was Just a Line Item,weblink The New York Times, 20 December 2008, The investigators found that bribing officials to win contracts was standard operating procedure.NEWS, O'Reilly, Cary, Matussek, Karin, Siemens to Pay $1.6 Billion to Settle Bribery Cases,weblink The Washington Post, 16 December 2008, Over that time period the company paid around $1.3 billion in bribes in many countries and kept separate books to hide them.Fines were anticipated to be as high as $5 billion as the investigation unfolded.NEWS, Gow, David, Record US fine ends Siemens bribery scandal,weblink The Guardian, 15 December 2008, Settlement negotiations took place through most of 2008 and when they were announced in December they were far less, driven in part by Siemens' cooperation, in part by the imminent change in US administrations (the Obama administration was about to take over from the Bush administration), and in part by the dependence of the US military on Siemens as a contractor.The company paid a total of about $1.6 billion, around $800 million in each of the US and Germany. This was the largest bribery fine in history, at the time. The money paid to Germany included a $270 million fine paid the year before (related to bribes in NigeriaWEB,weblink Nigeria probes Siemens bribe case, ). The US payment included $450 million in fines and penalties and a forfeiture of $350 million in profits. The company was also obligated to spend $1 billion on setting up and funding new internal compliance regimens. Siemens pleaded guilty to violating accounting provisions of the Foreign Corrupt Practices Act; the parent company did not plead guilty to paying bribes (although its Bangladesh and Venezuela subsidiaries did); such a guilty plea would have barred Siemens from contracting for the US government. As the scandal had started breaking, Siemens had fired its chairman and CEO Heinrich von Pierer, and had hired its first non-German CEO. Peter Löscher; it also had appointed a US lawyer, Peter Solmssen as an independent director to its board, in charge of compliance, and had accepted oversight of Theo Waigel, a former German finance minister, as a "compliance monitor". The compliance overhaul eventually entailed hiring around 500 full-time compliance personnel worldwide. Siemens also enacted a series of new anti-corruption compliance policies, including a new anti-corruption handbook, web-based tools for due diligence and compliance, a confidential communications channel for employees to report irregular business practices, and a corporate disciplinary committee to impose appropriate disciplinary measures for substantiated misconduct.WEB,weblink United States of America v. Siemens Aktiengesellschaft, United States District Court for the District of Columbia, May 2, 2013, {{PD-notice}}The culture of bribery was old in Siemens, and led to the 1914 scandal in Japan over bribes paid by both Siemens and Vickers to Japanese naval authorities to win shipbuilding contracts.BOOK, Sims, Richard, 2001, Japanese Political History Since the Meiji Renovation 1868–2000, Palgrave Macmillan, 113, 0-312-23915-7, The culture of bribery had further had grown up inside Siemens after World War II as Siemens attempted to rebuild its business by competing in the developing world, where bribery is common. Until 1999 in Germany, bribes were a tax-deductible business expense, and there were no penalties for bribing foreign officials. In 1999 the OECD Anti-Bribery Convention came into effect, to which Germany was a party, and Siemens started to use off-shore accounts and other means of hiding its bribery.As the investigation opened a midlevel executive in the telecommunications unit, Reinhard Slekaczek, was identified as a key player; Slekaczek quit Siemens in 2005 after the company required him to sign a document saying he had followed law and company policy, and turned state's evidence and led investigators to documents he had saved and to other documents. He had controlled an annual global bribery budget of $40 to $50 million. The usual method of bribery was to pay a local insider as a "contractor" who would in turn pass money to government officials; as part of the settlement Siemens disclosed that it had 2,700 such contractors worldwide. Bribes were generally around 5% of a contract's value but in very corrupt countries they could be as high as 40%. It paid the highest bribes in Argentina, Israel, Venezuela, China, Nigeria, and Russia.Examples of bribery the investigation found included:
  • $40 million in bribes in Argentina to win a $1 billion contract to make national identity cards.
  • $20 million in Israel for a contract to build power plants
  • $16 million in Venezuela for urban rail lines.
  • $14 million In China for medical equipment
  • $12.7 million in payments in Nigeria
  • $5 million in Bangladesh for mobile phones
  • $1.7 million in Iraq to Saddam Hussein and others.
The investigation led directly to several prosecutions while it was unfolding, and led to settlements with other governments and prosecution of Siemens employees and bribe recipients in various countries.In May 2007 a German court convicted two former executives of paying about €6 million in bribes from 1999 to 2002 to help Siemens win natural gas turbine supply contracts with Enel, an Italian energy company. The contracts were valued at about €450 million. Siemens was fined €38 million.NEWS,weblink The New York Times, 15 May 2007, 15 May 2007, G. Thomas, Sims, In July 2009, Siemens settled allegations of fraud by a Russian affiliate in a World Bank-funded mass transit project in Moscow by agreeing to not bid on World Bank projects for two years, not allowing the Russian affiliate to do any World Bank funded work for four years, and setting up a $100 million fund at the World Bank to fund anti-corruption activities over 15 years, over which the World Bank had veto and audit rights; this fund became the "“Siemens Integrity Initiative”.BOOK, Oduor, Jacinta Anyango, Fernando, Francisca M. U., Flah, Agustin, Gottwald, Dorothee, Hauch, Jeanne M., Mathias, Marianne, Park, Ji Won, Stolpe, Oliver, Left Out of the Bargain: Settlements in Foreign Bribery Cases and Implications for Asset Recovery, 2013, World Bank Publications, 9781464800870, 80, 133,weblink en, WEB, Press release: Siemens Launches US$100 Million Initiative for Anti-Corruption,weblink World Bank and Siemens, en, December 9, 2009, The first payments were made out of the funds in 2010 in a tranche of $40 million.WEB, Press release: Siemens selects initial projects for US$100 million Integrity Initiative,weblink World Bank and Siemens, en, December 9, 2010, A second set of projects was funded in 2014 totaling $30 million.WEB, Press release: Siemens Integrity Initiative enters the second round,weblink December 10, 2014, World Bank and Siemens, Siemens paid N7 billion to the Nigerian government in 2010.WEB,weblink Nigeria: Bribe Scandal – Siemens Fined N7 Billion, In 2012, the Greek government settled the Greek bribery scandal for 330 million euros.WEB,weblink Debt crisis: Greek government signs €330m settlement with Siemens, 27 August 2012, Telegraph.co.uk, 16 February 2016, The trial of the persons accused of involvement in the scandal began on 24 February 2017. A total of 64 individuals are accused, both Greek and German nationals.WEB,weblink Υπόθεση Siemens: Στις 24 Φεβρουαρίου αρχίζει η δίκη, The central figure of the scandal however, ex-Siemens chief executive in Greece Michael Christoforakos, against whom European arrest warrants are pendingWEB,weblink Courts issue warrants for arrest of Karavelas and Christoforakos, WEB,weblink Και τρίτο ευρωπαϊκό ένταλμα σύλληψης, will likely be absent, as Germany refuses his extradition to this day. Initially arrested in Germany in 2009, the accusations against him by German courts have been dropped, and he since lives free in this country.WEB,weblink Ex-Boss Could Help Shed Light on Corruption, WEB,weblink Ελεύθερος ο Χριστοφοράκος, Greece has been demanding his extradition since 2009, and considers him a fugitive from justice.In 2014 a former Siemens executive Andres Truppel pleaded guilty to funneling nearly $100 million in bribes to Argentine government officials to win the ID card project for Siemens.WEB,weblink Ex-power company execs charged in massive Siemens bribery case, 2016-08-26, In 2014 Israeli prosecutors decreed that Siemens should pay US$42.7 million penalty and appoint an external inspector to supervise its business in Israel in exchange for state prosecutors dropping charges of securities fraud. According to the indictment, "Siemens systematically paid bribes to Israel Electric Corporation executives so they would utilize their positions in order to favor and advance the interests of Siemens".

2006 to 2011

In 2006, Siemens announced the purchase of Bayer Diagnostics, which was incorporated into the Medical Solutions Diagnostics division on 1 January 2007,NBC. "Bayer Sells Diagnostics unit to Siemens" {{webarchive |url=https://web.archive.org/web/20160812172407weblink |date=12 August 2016 }}, NBC News, 29 June 2006. Retrieved 12 May 2016. also in 2006 Siemens acquired Controlotron (New York) (ultrasonic flow meters)WEB,weblink Siemens Acquires Controlotron, Impeller.net, WEB,weblink Controlotron Company Reference, Sea.siemens.com, [] 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 {{webarchive |url=https://web.archive.org/web/20120404031655weblink |date=4 April 2012 }}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.WEB,weblink EU cracks down on electricity-gear cartel, 25 January 2007, EurActiv, 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." Siemens was given the highest fine of €396 million, more than half of the total, for its alleged leadership role in the activity.(File:Wildorado Wind Ranch, Oldham County, TX IMG 4919.JPG|thumb|Siemens power generating wind turbine towers)In March 2007, a Siemens board member was temporarily arrested and accused of illegally financing a business-friendly labour association which competes against the union IG Metall. He has been released on bail. Offices of the labour union and of Siemens have been searched. Siemens denies any wrongdoing.WEB, Board member arrested in new blow for Siemens,weblink 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 mergerAssociated Press quoted by Forbes: Nokia-Siemens Venture to Start in April{{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }}, 15 March 2007 due to bribery investigations against Siemens.International Herald Tribune: Bribery trial deepens Siemens woes {{webarchive |url=https://web.archive.org/web/20081211130419weblink |date=11 December 2008 }}, 13 March 2007 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.NEWS, Ben, Agande, Miebi Senge, Bribe: FG blacklists Siemens,weblink Vanguard, Vanguard Media, 5 December 2007, 7 December 2007, NEWS, Juliana, Taiwo, FG Blacklists Siemens, Cancels Contract,weblink Thisday, Leaders & Company, 6 December 2007, 7 December 2007,weblink" title="web.archive.org/web/20071208042202weblink">weblink 8 December 2007, 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).Merrill, Molly. "Siemens acquires Dade Behring for $7B" {{webarchive |url=https://web.archive.org/web/20160605142019weblink |date=5 June 2016 }}, Healthcare IT News, 25 July 2007. Retrieved 12 May 2016.In July 2008, Siemens AG announced 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%.NEWS,weblink Siemens to spin off SEN into JV with Gores Group, 29 July 2008, Reuters, 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.PRESS RELEASE, Siemens invests $ 15 million in Israeli solar company Arava Power, Siemens AG, 28 August 2009,weblink 27 June 2011, In January 2009, Siemens announced to sell its 34% stake in Framatome, complaining limited managerial influence. In March, it announced to form an alliance with Rosatom of Russia to engage in nuclear-power activities.In April 2009, Fujitsu Siemens Computers became Fujitsu Technology Solutions as a result of Fujitsu buying out Siemens' 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.NEWS,weblink BBC News, Hi-tech helps Iranian monitoring, 22 June 2009, 7 April 2010, Rory, Cellan-Jones, WEB,weblink Fed contractor, cell phone maker sold spy system to Iran, Eli Lake, 13 April 2009, Washington Times, NEWS,weblink The Wall Street Journal, Iran's Web Spying Aided By Western Technology, Christopher, Rhoads, Loretta, Chao, 22 June 2009, {{citation|url=http://www.businessweek.com/globalbiz/content/jun2010/gb2010063_509207.htm |title=Nokia-Siemens Rues Iran Crackdown Role |date=3 June 2010 |work=www.businessweek.com |author=Valentina Pop |url-status=dead |archiveurl=https://web.archive.org/web/20160305120714weblink |archivedate= 5 March 2016 }}{{citation| url =weblink| title = Nokia Siemens to ramp down Iran operations|date = 13 December 2011| author = Tarmo Virki| work = ca.reuters.com}}{{citation| url =weblink| title = Nokia Siemens "instrumental to persecution and arrests of Iranian dissidents", says EU|author = Matt Warman| date = 11 February 2010| work = www.telegraph.co.uk| location=London}}In October 2009, Siemens signed a $418 million contract to buy Solel Solar Systems an Israeli company in the solar thermal power business.PRESS RELEASE, Siemens to decisively strengthen its position in the growth market solar thermal power.Reference number: Siemens ERE200910.13e, Siemens AG. Press Office Energy Sector – Renewable Energy Division, 15 October 2009,weblink Retrieved 4 May 2011.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.

2011 to present

In March 2011, it was decided to list Osram on the stock market in the autumn, but CEO Peter Löscher said Siemens intended to retain a long-term interest in the company, which was already independent from the technological and managerial viewpoints.In September 2011, Siemens, which had been responsible for constructing all 17 of Germany's existing nuclear power plants, 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.NEWS,weblink BBC News, Siemens to quit nuclear industry, 18 September 2011, In November 2012, Siemens acquired the Rail division of Invensys for £1.7 billion. In the same month, Siemens made the announcement of acquiring a privately held company, LMS International NV.WEB,weblink Siemens To Acquire LMS International – Quick Facts, 8 November 2012, 31 July 2013, In August 2013, Nokia acquired 100% of the company Nokia Siemens Networks, with a buy-out of Siemens AG, ending Siemens role in telecommunication.MAGAZINE, Ewing, Adam,weblink Nokia Buys Out Siemens in Equipment Venture for $2.2 Billion (4), Businessweek, 1 July 2013, 5 August 2013, 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.NEWS,weblink Siemens wins $967 million order from Saudi Aramco, Maria Sheahan, Reuters, 6 August 2013, In 2014, Siemens 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.NEWS,weblink Siemens to Invest $264 Million in British Wind Turbine Project, Stanley Reedmarch, 25 March 2014, New York Times, In May 2014, Rolls-Royce agreed to sell its gas turbine and compressor energy business to Siemens for £1 billion.NEWS,weblink Rolls-Royce sells energy arm to Siemens in £1bn deal, 7 May 2014, The Telegraph, London, 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. Jens Hack and Natalie Huet, "Siemens and Mitsubishi challenge GE with Alstom offer", Reuters (June 16 2014). {{webarchive |url=https://web.archive.org/web/20151016231140weblink |date=16 October 2015 }}In 2015, Siemens acquired U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion.NEWS, Pulsinelli, Olivia, Dresser-Rand to close Houston facility, cut jobs,weblink 6 December 2017, Houston Business Journal, Dec 22, 2015, NEWS,weblink Siemens in agreed $7.6 billion deal to buy Dresser-Rand, Ludwig Burger, Reuters, 22 September 2014, In November 2016, Siemens announced the acquisition of EDA company Mentor Graphics for $4.5 billion.WEB,weblink Siemens to expand its digital industrial leadership with acquisition of Mentor Graphics, www.siemens.com, en, 2016-11-14, 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.NEWS,weblink U.S. Charges Three Chinese Hackers Who Work at Internet Security Firm for Hacking Three Corporations for Commercial Advantage, United States Department of Justice, Department of Justice, Office of Public Affairs, November 27, 2017, In December 2017, Siemens announced the acquisition of medical technology company Fast Track Diagnostics for an undisclosed amount.NEWS,weblink Siemens buys Fast Track Diagnostics to boost molecular offering, 2017-12-15, Reuters, 2017-12-15, In August 2018, Siemens announced the acquisition of rapid application development company Mendix for €0.6 billion in cash.WEB,weblink[]=Corp, Siemens strengthens its digital enterprise leadership with acquisition of mendix, www.siemens.com, In September 2019, Siemens and Orascom Construction signed an agreement with the Iraqi government to rebuild two power plants, which is believed to setup the company for future deals in the country. NEWS,weblink Siemens, Orascom sign deal to rebuild Iraq power plant, 2019-09-14, Reuters, 2019-09-17, en,

Products, services and contribution

File:Ulu Pandan MRT Depot, Singapore - 20050830.jpg|alt= Siemens C651 trains for the Singapore MRT at Ulu Pandan Depot|thumb|Siemens C651 trains for the Singapore MRT at Ulu Pandan DepotUlu Pandan DepotSiemens offers a wide range of electrical engineering- and electronics-related products and services.NEWS,weblink Profile: Siemens AG, 3 September 2012, Reuters, Its products can be broadly divided into the following categories: buildings-related products; drives, automation and industrial plant-related products; energy-related products; lighting; medical products; and transportation and logistics-related products.Siemens buildings-related products include building-automation equipment and systems; building-operations equipment and systems; building fire-safety equipment and systems; building-security equipment and systems; and low-voltage switchgear including circuit protection and distribution products.Siemens drives, automation and industrial plant-related products include motors and drives for conveyor belts; pumps and compressors; heavy duty motors and drives for rolling steel mills; compressors for oil and gas pipelines; mechanical components including gears for wind turbines and cement mills; automation equipment and systems and controls for production machinery and machine tools; and industrial plant for water processing and raw material processing.Siemens energy-related products include gas and steam turbines; generators; compressors; on- and offshore wind turbines; high-voltage transmission products; power transformers; high-voltage switching products and systems; alternating and direct current transmission systems; medium-voltage components and systems; and power automation products.Siemens is a player in the renewable energy industry, the company provides a comprehensive portfolio of products, solutions, and services to help build and operate microgrids of any size. Siemens provide generation and distribution of electrical energy as well as monitoring and controlling of microgrids.WEB, Siemens, About Siemens,weblink www.siemens.com, 8 October 2018, en, By using primarily renewable energy, microgrids reduce carbon-dioxide emissions, which is often required by government regulations. That makes Siemens especially attractive for campuses, utilities, and islands. Ventotene Island in Italy demonstrates the benefits of a microgrid in terms of sustainability. The Italian energy utility Enel Produzione SPA had a clear goal for the island of Ventotene: a stable power supply system that would operate more sustainably, economically, and reliably. And Siemens had the complete solution: The SIESTORAGE storage system, optimally combined with the Microgrid Controller. This approach included the integration of renewable energy sources to reduce the supply of diesel and to create greater sustainability. An additional goal was to perfectly coordinate all existing and new power components and, even more important, to respond quickly and reliably to grid fluctuations, ultimately guaranteeing a stable network.Siemens OSRAM subsidiary produces lighting products including incandescent, halogen, compact fluorescent, fluorescent, high-intensity discharge and Xenon lamps; opto-electronic semiconductor light sources such as light emitting diodes (LEDs), organic LEDs, high power laser diodes, LED systems and LED luminaires; electronic equipment including electronic ballasts; lighting control and management systems; and related precision components.Siemens medical products include clinical information technology systems; hearing instruments; in-vitro diagnostics equipment; imaging equipment including angiography, computed tomography, fluoroscopy, magnetic resonance, mammography, molecular imaging ultrasound, and x-ray equipment; and radiation oncology and particle therapy equipment. {{As of|2015}}, Siemens finalized the sale of its hearing-aid (hearing instruments) business to Sivantos.NEWS,weblink Siemens In Talks To Sell Hearing-Aid Business, The Wall Street Journal, 22 October 2014, Henning, Eyk, Alessi, Christopher, European Business News, {{closed access}}Sivantos."Siemens Audiology business is now Sivantos" {{webarchive |url=https://web.archive.org/web/20160303201902weblink |date=3 March 2016 }}, Sivantos Website, 16 January 2015. Retrieved 12 May 2016.Siemens transportation and logistics-related products include equipment and systems for rail transportation including rail vehicles for mass transit, regional and long-distance transportation, locomotives, equipment and systems for rail electrification, central control systems, interlockings, and automated train controls; equipment and systems for road traffic including traffic detection, information and guidance; equipment and systems for airport logistics including cargo tracking and baggage handling; and equipment and systems for postal automation including letter parcel sorting.Siemens also completed a world record in 2012 for the most electricity generated by bicycles in an hour. Generating 4,630 watts in an hour in Melbourne, Australia, on December 11, 2012BOOK, Guinness world records 2014, Craig, Glenday, 2014, 9781908843159, File:High-voltage in Iraq.jpg|A Siemens high-voltage transformerFile:SPECT CT.JPG|A Siemens SPECT/CT scanner in operationFile:Hannover-Messe 2012 by-RaBoe 098.jpg|A Siemens wind power generatorFile:Dampfturbine Laeufer01.jpg|A Siemens steam turbine rotorFile:Lausitzbahn Connex in Weißwasser.JPG|A Siemens train in operationFile:Bangkok Skytrain 03.jpg|Bangkok Skytrain built by Siemens

Operations

Siemens is incorporated in Germany and has its corporate headquarters in Munich.WEB,weblink Annual Report 2011, 3 September 2012, Siemens, It has operations in around 190 countries and approximately 285 production and manufacturing facilities. Siemens had around 360,000 employees as of 30 September 2011.Electrification, automation and digitalization are the long-term growth fields of Siemens. In order to take full advantage of the market potential in these fields, Siemens businesses are bundled into nine divisions and healthcare as a separately managed business.
  • Power and Gas
  • Wind Power and Renewables
  • Power Generation Services
  • Energy Management
  • Building Technologies
  • Mobility
  • Digital Factory
  • Process Industries and Drives
  • Financial Services
  • Healthineers
  • Automation and drive system for steel Mills

Research and development

In 2011, Siemens invested a total of €3.925 billion in research and development, equivalent to 5.3% of revenues. As of 30 September 2011, Siemens had approximately 11,800 Germany-based employees engaged in research and development and approximately16,000 in the rest of the world, of whom the majority were based in either Austria, China, Croatia, Denmark, France, India, Japan, Mexico, The Netherlands, Russia, Slovakia, Sweden, Switzerland, the United Kingdom or the United States. As of 30 September 2011, Siemens held approximately 53,300 patents worldwide. Siemens has formed a strategic alliance with Technische Universität Darmstadt.WEB,weblink Strategische Partnerschaften, Darmstadt, Technische Universität, Technische Universität Darmstadt, de, 2019-07-29, File:Siemens Palais.JPG|Siemens' headquarters, Munich (front)File:Siemens München Martinstr.jpg|Siemens office building in Munich-GiesingFile:Siemensturm 04.jpg|Siemens-Tower in Berlin-SiemensstadtFile:Wernerwerk-Hochhaus, Siemensdamm 02.jpg|"Wernerwerk" (Werner's Factory) in Berlin-SiemensstadtFile:SiemensstadtFürstenbrunnerWeg.jpg|Wernerwerk II in Berlin-SiemensstadtFile:Wohlrabedamm - Wernerwerk XV (09085805) Berlin-Siemensstadt 002.jpg|Wernerwerk XV in Berlin-SiemensstadtFile:Erlangen Himbeerpalast 001.JPG|Siemens office building in ErlangenFile:Erlangen Siemens Glaspalast 002.JPG|Siemens office building in ErlangenFile:Neuperlach-Süd Siemens.jpg|Siemens site in Munich-PerlachFile:SiemensForum.jpg|Siemens Forum MunichFile:Pelham Works - geograph.org.uk - 76691.jpg|Siemens Gas Turbine Factory, formerly Ruston & Hornsby Pelham Works, Lincoln, England

Joint ventures

Siemens' 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.WEB,weblink Siemens Traction Equipment Ltd., Zhuzhou, CN.siemens.com, dead,weblink" title="web.archive.org/web/20130921055512weblink">weblink 21 September 2013,
  • 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.NEWS,weblink Silcar's top staff go as Thiess puts in its own, The Australian, 22 August 2013, 13 February 2014, Bingemann, Mitchell, WEB,weblink Silcar old guard makes way as Thiess exerts control, Business Spectator, 22 August 2013, 13 February 2014, Adhikari, Supratim, dead,weblink 8 March 2014, WEB,weblink Capabilities – Services – Telecommunications, Thiess, 13 February 2014, dead,weblink" title="web.archive.org/web/20140222095425weblink">weblink 22 February 2014,
  • Primetals Technologies a joint venture between Siemens VAI Metals Technologies and Mitsubishi Hitachi Metals Machinery formed in 2015.
  • OMNETRIC Group, A Siemens & Accenture company formed in 2014.WEB, Company Overview of Omnetric Group,weblink Bloomberg, 1 August 2017,

Finances

For the fiscal year 2017, Siemens reported earnings of EUR 6.046 billion, with an annual revenue of €83.049 billion, an increase of 4.3% over the previous fiscal cycle.WEB,weblink Siemens Bilanz, Gewinn und Umsatz {{!, Siemens Geschäftsbericht {{!}} 723610|website=wallstreet-online.de|access-date=2018-11-04}} Siemens' shares traded at over US$58 per share, and its market capitalization was valued at US$95.3 billion in November 2018.WEB,weblink SIEGY Key Statistics {{!, SIEMENS AG Stock - Yahoo Finance|website=finance.yahoo.com|language=en-US|access-date=2018-11-04}} In November 2019, the company announced higher fourth quarter earnings than expected, with adjusted earnings before interest, taxes, and amortization totaling €2.64 billion ($2.92 billion), but warned of a slowdown, especially in the car sector, next year.{| class="wikitable float-left" style="text-align: right;"!Year!Revenuein bn. EUR!Net incomein bn. EUR!Total Assetsin bn. EUR!Employees|2013|75.882|4.284|101.936|362,000|2014|71.920|5.373|104.879|357,000|2015|75.636| 7.282|120.348|348,000|2016|79.644|5.450|125.717|351,000|2017|83.049|6.046|133.804|372,000|2018|83.044|5.807|138.915|379,000|2019|86.849|5.174|150.248|385,000

Shareholders

The company has issued 881,000,000 shares of common stock. The largest single shareholder continues to be the founding shareholder, the Siemens family, with a stake of 6.9%. 62% are held by institutional asset managers, the largest being two divisions of the world's largest asset manager BlackRock. 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%. 19% are held by private investors, 13% by investors that are considered unidentifiable. 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%).Annual Report {{webarchive |url=https://web.archive.org/web/20160408214403weblink |date=8 April 2016 }} as of July 2015

Senior management

Chairmen of the Siemens-Schuckertwerke Managing Board (1903 to 1966)WEB,weblink Chairmen of the Managing Board and Supervisory Board of Siemens & Halske AG and Siemens-Schuckertwerke GmbH / AG or Siemens AG, 28 August 2012, Siemens,
  • Alfred Berliner (1903 to 1912)
  • Carl Friedrich von Siemens (1912 to 1919)
  • {{ill|Otto Heinrich|de}} (1919 to 1920)
  • {{ill|Carl Köttgen|de}} (1920 to 1939)
  • {{ill|Rudolf Bingel|de}} (1939 to 1945)
  • {{ill|Wolf-Dietrich von Witzleben|de}} (1945 to 1949)
  • {{ill|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) {{galleryWilhelm von SiemensCarl Friedrich von Siemens}Chairmen of the Siemens AG Managing Board (1966 to present)
  • {{ill|Hans Kerschbaum|de}}, {{ill|Adolf Lohse (manager)|de|Adolf Lohse (Manager)|lt=Adolf Lohse}}, Bernhard Plettner (Presidency of the Managing Board) (1966 to 1967)
  • Erwin Hachmann, Bernhard Plettner, Gerd Tacke (Presidency of the Managing Board) (1967 to 1968)
  • Gerd Tacke (1968 to 1971)
  • Bernhard Plettner (1971 to 1981)
  • Karlheinz Kaske (1981 to 1992)
  • Heinrich von Pierer (1992 to 2005)
  • Klaus Kleinfeld (2005 to 2007)
  • Peter Löscher (2007 to 2013)
  • Joe Kaeser (2013 to present)
{{galleryHeinrich von PiererKlaus KleinfeldPeter Löscher}Chairmen of the Siemens AG Supervisory Board (1966 to present)
  • 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)
  • {{ill|Gerhard Cromme|de}} (2007 to 2018)
  • Jim Hagemann Snabe (2018 to present)
Managing Board (present day)WEB,weblink Managing Board, 16 June 2014, Siemens, "Managing Board" {{webarchive |url=https://web.archive.org/web/20160909172328weblink |date=9 September 2016 }}Siemens Global Website, Retrieved 17 October 2016.
  • Joe Kaeser (CEO, 2013 to present)
  • Roland Busch (CEO Infrastructure & Cities Sector)
  • Lisa Davis (chair and CEO – Siemens Corporation)
  • Paul Hardy (Chief Technology Officer)
  • {{ill|Janina Kugel|de}} (Chief Human Resources Officer)
  • Siegfried Russwurm (CEO Industry Sector, Chief Technology Officer till March 2017)WEB,weblink Siegfried Russwurm to resign by mutual agreement from the Siemens Management Board Munich, Siemens AG, 23 September 2016, 12 December 2017,
  • Ralf P. Thomas (CFO)

See also

References

{{Reflist|30em}}

Further reading

  • 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.
  • Feldenkirchen, Wilfried (2000). Siemens, From Workshop to Global Player, Munich.
  • Feldenkirchen, Wilfried / 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|}}.
  • Margarete Buber: 303f As prisoners of Stalin and Hitler, Frankf / Main, Berlin 1993
  • See 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; 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; 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; 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; Sigrid Jacobeit: working at Siemens in Ravensbrück, in: Dietrich Eichholz (eds) War and economy. Studies on German economic history 1939–1945, Berlin 1999.
  • 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.
  • 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.
  • 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: see also: Woman Ravensbruck concentration camp. An overall presentation, State Justice Administration in Ludwigsburg, IV ART 409-Z 39/59, April 1972, pp. 129ff.

External links

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