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Siemens
Siemens
AG (German pronunciation: [ˈziːmɛns])[2] is a German conglomerate company headquartered in Berlin
Berlin
and Munich
Munich
and the largest industrial manufacturing company in Europe with branch offices abroad. The principal divisions of the company are Industry, Energy, Healthcare ( Siemens
Siemens
Healthineers), and Infrastructure & Cities, which represent the main activities of the company.[3][4][5] 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.[6] The company is a component of the Euro Stoxx 50 stock market index.[7] Siemens
Siemens
and its subsidiaries employ approximately 372,000 people worldwide and reported global revenue of around €83 billion in 2017 according to its earnings release.

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 Products, services and contribution 3 Operations

3.1 Research and development

4 Joint ventures 5 Shareholders 6 Senior management 7 See also 8 References 9 Further reading 10 External links

History[edit] 1847 to 1901[edit]

Werner von Siemens, co-founder of Siemens
Siemens
& Halske.

Siemens
Siemens
& Halske was founded by Werner von Siemens
Werner von Siemens
and Johann Georg Halske on 12 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
Siemens
& Halske, opened its first workshop on 12 October.[8] In 1848, the company built the first long-distance telegraph line in Europe; 500 km from Berlin
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
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
Siemens
completed the monumental Indo-European (Calcutta to London) telegraph line.[9]

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

In 1867, Werner von Siemens
Werner von Siemens
described a dynamo without permanent magnets. A similar system was also independently invented by Charles Wheatstone, but Siemens
Siemens
became the first company to build such devices. In 1881, a Siemens
Siemens
AC Alternator
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 1890, the founder retired and left running the company to his brother Carl and sons Arnold and Wilhelm. In 1887, it opened its first office in Japan.[10] 1901 to 1933[edit]

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

Siemens
Siemens
& Halske (S & H) was incorporated in 1897, and then merged parts of its activities with Schuckert & Co., Nuremberg in 1903 to become Siemens-Schuckert. In 1907, Siemens
Siemens
( Siemens
Siemens
& Halske and Siemens-Schuckert) had 34,324 employees and was the seventh-largest company in the German empire by number of employees.[11] (see List of German companies by employees in 1907) In 1919, S & H and two other companies jointly formed the Osram lightbulb company.[citation needed]

British Siemens
Siemens
advertisement from the 1920s era.

During the 1920s and 1930s, S & H started to manufacture radios, television sets, and electron microscopes.[12] In 1932, Reiniger, Gebbert & Schall (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form the Siemens-Reiniger-Werke AG
Siemens-Reiniger-Werke AG
(SRW), the third of the so-called parent companies that merged in 1966 to form the present-day Siemens
Siemens
AG.[13] In the 1920s, Siemens
Siemens
constructed the Ardnacrusha Hydro Power station on the River Shannon
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.[14] 1933 to 1945[edit]

Prisoners around 1944 working at a Siemens
Siemens
factory in KZ Bobrek, a subcamp of Auschwitz concentration camp.[15]

A Siemens
Siemens
truck being used as a Nazi
Nazi
public address vehicle in 1932

Siemens
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.[15][16] During the final years of World War II, numerous plants and factories in Berlin
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
Siemens
was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in early 1945. In 1972, Siemens
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
Nazi
Germany.[17] The company supplied electrical parts to Nazi
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.[18][19][20][21] Siemens
Siemens
businessman and Nazi
Nazi
Party member John Rabe
John Rabe
is, however, credited with saving many Chinese lives during the infamous Nanking Massacre. He later toured Germany
Germany
lecturing on the atrocities committed by Japanese forces in Nanking.[22] 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
Siemens
& Halske (S&H, founded in 1847), Siemens-Schuckertwerke (SSW, founded in 1903) and Siemens-Reiniger-Werke
Siemens-Reiniger-Werke
(SRW, founded in 1932) merged to form Siemens AG.[13] In 1969, Siemens
Siemens
formed Kraftwerk Union with AEG
AEG
by pooling their nuclear power businesses.[23]

A 1973 Siemens
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. In 1988, Siemens
Siemens
and GEC acquired the UK defence and technology company Plessey. Plessey's holdings were split, and Siemens
Siemens
took over the avionics, radar and traffic control businesses—as Siemens Plessey. In 1985, Siemens
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.[24] In 1987, Siemens
Siemens
reintegrated Kraftwerk Union, the unit overseeing nuclear power business.[23] In 1991, Siemens
Siemens
acquired Nixdorf Computer
Computer
AG and renamed it Siemens Nixdorf Informationssysteme AG, in order to produce personal computers. In October 1991, Siemens
Siemens
acquired the Industrial Systems Division of Texas Instruments, Inc, based in Johnson City, Tennessee. This division was organized as Siemens
Siemens
Industrial Automation, Inc., and was later absorbed by Siemens
Siemens
Energy and Automation, Inc. In 1992, Siemens
Siemens
bought out IBM's half of ROLM
ROLM
( Siemens
Siemens
had bought into ROLM
ROLM
five years earlier), thus creating SiemensROLM Communications; eventually dropping ROLM
ROLM
from the name later in the 1990s. In 1997, Siemens
Siemens
agreed to sell the defence arm of Siemens
Siemens
Plessey
Plessey
to British Aerospace
British Aerospace
(BAe) and a German aerospace company, Daimler Chrysler
Chrysler
Aerospace. BAe and DASA acquired the British and German divisions of the operation respectively.[25] In October 1997, Siemens Financial Services
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
Siemens
acquired Westinghouse Power Generation for more than $1.5 billion from the CBS Corporation
CBS Corporation
and moving Siemens
Siemens
from third to second the world power generation market.[26] 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 Corporation[27] was acquired by the Siemens' Medical Engineering Group,[28] eventually becoming part of Siemens
Siemens
Medical Solutions. Also in 2000, Atecs-Mannesman was acquired by Siemens,[29] The sale was finalised in April 2001 with 50% of the shares acquired, acquisition, Mannesmann VDO AG merged into Siemens
Siemens
Automotive forming Siemens
Siemens
VDO Automotive AG, Atecs Mannesmann Dematic
Dematic
Systems merged into Siemens
Siemens
Production and Logistics forming Siemens
Siemens
Dematic
Dematic
AG, Mannesmann Demag Delaval merged into the Power Generation division of Siemens
Siemens
AG.[30] Other parts of the company were acquired by Robert Bosch GmbH at the same time.[31] Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens
Siemens
Energy & Automation, Inc.[32] 2001 to 2005[edit]

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

In 2001, Chemtech Group of Brazil was incorporated into the Siemens Group;[33] it provides industrial process optimisation, consultancy and other engineering services.[34] Also in 2001, Siemens
Siemens
formed joint venture Framatome with Areva
Areva
SA of France by merging much of the companies' nuclear businesses.[23] In 2002, Siemens
Siemens
sold some of its business activities to Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering business included in the sale package.[35] In 2003, Siemens
Siemens
acquired the flow division of Danfoss
Danfoss
and incorporated it into the Automation
Automation
and Drives division.[36] Also in 2003 Siemens
Siemens
acquired IndX software (realtime data organisation and presentation).[37][38] The same year in an unrelated development Siemens
Siemens
reopened its office in Kabul.[39] Also in 2003 agreed to buy Alstom
Alstom
Industrial Turbines; a manufacturer of small, medium and industrial gas turbines for €1.1 billion.[40][41] On 11 February 2003, Siemens
Siemens
planned to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as spring -summer and autumn-winter collections.[42] On 6 March 2003, the company opened an office in San Jose.[43] On 7 March 2003, the company announced that it planned to gain 10 per cent of the mainland China market for handsets.[44] On 18 March 2003, the company unveiled the latest in its series of Xelibri fashion phones.[45] In 2004, the wind energy company Bonus Energy in Brande, Denmark was acquired,[46][47] forming Siemens Wind Power
Siemens Wind Power
division.[48] Also in 2004 Siemens
Siemens
invested in Dasan Networks (South Korea, broadband network equipment) acquiring ~40% of the shares,[49] Nokia
Nokia
Siemens disinvested itself of the shares in 2008.[50] The same year Siemens acquired Photo-Scan (UK, CCTV
CCTV
systems),[51] US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from Veolia),[52] Hunstville Electronics Corporation (automobile electronics, acquired from Chrysler),[53] and Chantry Networks (WLAN equipment).[54] In 2005, Siemens
Siemens
sold the Siemens mobile
Siemens mobile
manufacturing business to BenQ, forming the BenQ-Siemens
BenQ-Siemens
division. Also in 2005 Siemens
Siemens
acquired Flender Holding GmbH (Bocholt, Germany, gears/industrial drives),[55] Bewator AB (building security systems),[56] Wheelabrator Air Pollution Control, Inc. (Industrial and power station dust control systems),[57] AN Windenergie GmbH. (Wind energy),[58] Power Technologies Inc. (Schenectady, USA, energy industry software and training),[59] CTI Molecular Imaging ( Positron emission tomography
Positron emission tomography
and molecular imaging systems),[60][61] Myrio ( IPTV
IPTV
systems),[62] Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from Shaw Group),[63][64] and Transmitton ( Ashby de la Zouch
Ashby de la Zouch
UK, rail and other industry control and asset management).[65] 2005 and continuing: worldwide bribery scandal[edit] In 2005 Germany
Germany
opened investigations into Siemens
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.[66] The investigators found that bribing officials to win contracts was standard operating procedure.[66][67] Over that time period the company paid around $1.3 billion in bribes in many countries and kept separate books to hide them.[67] Fines were anticipated to be as high as $5 billion as the investigation unfolded.[68] 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
Obama administration
was about to take over from the Bush administration), and in part by the dependence of the US military on Siemens
Siemens
as a contractor.[66][68][67] 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
Germany
included a $270 million fine paid the year before (related to bribes in Nigeria[69]). The US payment included $450 million in fines and penalties and a forfeiture of $350 million in profits.[67] The company was also obligated to spend $1 billion on setting up and funding new internal compliance regimens.[66] Siemens
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[67]); such a guilty plea would have barred Siemens
Siemens
from contracting for the US government.[66] As the scandal had started breaking, Siemens
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".[68] The compliance overhaul eventually entailed hiring around 500 full-time compliance personnel worldwide. Siemens
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.[70] The culture of bribery was old in Siemens, and led to the 1914 scandal in Japan over bribes paid by both Siemens
Siemens
and Vickers
Vickers
to Japanese naval authorities to win shipbuilding contracts.[71] The culture of bribery had further had grown up inside Siemens
Siemens
after World War II
World War II
as Siemens
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
Germany
was a party and Siemens
Siemens
started to use off-shore accounts and other means of hidings its bribery. As the investigation opened a midlevel executive in the telecommunications unit, Reinhard Slekaczek, was identified as a key player; Slekaczek quit Siemens
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
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 China, Russia, Argentina, Israel and Venezuela.[66] Examples of bribery the investigation found included:[66]

$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
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
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.[72] In July 2009, Siemens
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
World Bank
projects for two years, not allowing the Russian affiliate to do any World Bank
World Bank
funded work for four years, and setting up a $100 million fund at the World Bank
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
Siemens
Integrity Initiative”.[73][74] The first payments were made out of the funds in 2010 in a tranche of $40 million.[75] A second set of projects was funded in 2014 totaling $30 million.[76] Siemens
Siemens
paid N7 billion to the Nigerian government in 2010.[77] In 2012, the Greek government settled the Greek bribery scandal for 330 million euros.[78] 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.[79] The central figure of the scandal however, ex- Siemens
Siemens
chief executive in Greece Michael Christoforakos, against whom European arrest warrants are pending[80][81] will likely be absent, as Germany
Germany
refuses his extradition to this day. Initially arrested in Germany
Germany
in 2009, the accusations against him by German courts have been dropped, and he since lives free in this country.[82][83] Greece has been demanding his extradition since 2009, and considers him a fugitive from justice. In 2014 a former Siemens
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.[84] In 2014 Israeli prosecutors decreed that Siemens
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".[84] 2006 to 2011[edit] In 2006, Siemens
Siemens
announced the purchase of Bayer
Bayer
Diagnostics, which was incorporated into the Medical Solutions Diagnostics division on 1 January 2007,[85] also in 2006 Siemens
Siemens
acquired Controlotron (New York) (ultrasonic flow meters)[86][87] Also in 2006 Siemens
Siemens
acquired Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control, and VistaScape Security Systems[88] In January 2007, Siemens
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
Toshiba
and VA Tech.[89] 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."[89] Siemens
Siemens
was given the highest fine of €396 million, more than half of the total, for its alleged leadership role in the activity.

Siemens
Siemens
power generating wind turbine towers

In March 2007, a Siemens
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
Siemens
have been searched. Siemens
Siemens
denies any wrongdoing.[90] In April the Fixed Networks, Mobile Networks and Carrier Services divisions of Siemens
Siemens
merged with Nokia's Network Business Group in a 50/50 joint venture, creating a fixed and mobile network company called Nokia Siemens
Nokia Siemens
Networks. Nokia
Nokia
delayed the merger[91] due to bribery investigations against Siemens.[92] In October 2007, a court in Munich
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
Siemens
due to the bribery findings.[93][94] Also in 2007, Siemens
Siemens
acquired Vai Ingdesi Automation
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).[95] In July 2008, Siemens
Siemens
AG announced a joint venture of the Enterprise Communications business with the Gores Group, renamed Unify in 2013. The Gores Group
The Gores Group
holding a majority interest of 51% stake, with Siemens AG holding a minority interest of 49%.[96] In August 2008, Siemens
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
Siemens
AG said: “This investment is another consequential step in further strengthening our green and sustainable technologies”. Siemens
Siemens
now holds a 40% stake in the company. [97] In January 2009, Siemens
Siemens
announced to sell its 34% stake in Framatome, complaining limited managerial influence. In March, it announced to form an alliance with Rosatom
Rosatom
of Russia to engage in nuclear-power activities.[23] In April 2009, Fujitsu Siemens Computers
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
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
Siemens
later divested its call monitoring business, and reduced its activities in Iran.[98][99][100][101][102][103] In October 2009, Siemens
Siemens
signed a $418 million contract to buy Solel Solar Systems an Israeli company in the solar thermal power business.[104] In December 2010, Siemens
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
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[edit] In March 2011, it was decided to list Osram
Osram
on the stock market in the autumn, but CEO Peter Löscher
Peter Löscher
said Siemens
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
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.[105] In November 2012, Siemens
Siemens
acquired the Rail division of Invensys
Invensys
for £1.7 billion. In the same month, Siemens
Siemens
made the announcement of acquiring a privately held company, LMS International NV.[106] In August 2013, Nokia
Nokia
acquired 100% of the company Nokia
Nokia
Siemens Networks, with a buy-out of Siemens
Siemens
AG, ending Siemens
Siemens
role in telecommunication.[107] In August 2013, Siemens
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.[108] In 2014, Siemens
Siemens
plans to build a $264 million facility for making offshore wind turbines in Paull, England, as Britain’s wind power rapidly expands. Siemens
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
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.[109] In May 2014, Rolls-Royce agreed to sell its gas turbine and compressor energy business to Siemens
Siemens
for £1 Billion.[110] In June 2014, Siemens
Siemens
and Mitsubishi Heavy Industries
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
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.[111] In 2015, Siemens
Siemens
acquired U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion.[112][113] In November 2016, Siemens
Siemens
announced the acquisition of EDA company Mentor Graphics
Mentor Graphics
for $4.5 billion.[114] In December 2017, Siemens
Siemens
announced the acquisition of medical technology company Fast Track Diagnostics for an undisclosed amount.[115] Products, services and contribution[edit]

Siemens C651
Siemens C651
trains for the Singapore MRT at Ulu Pandan Depot

Siemens
Siemens
offers a wide range of electrical engineering- and electronics-related products and services.[116] 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.[116] Siemens
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.[116] Siemens
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.[116] Siemens
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.[116] Siemens
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.[116] Siemens
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.[116] As of 2015[update], Siemens
Siemens
finalized the sale of its hearing-aid (hearing instruments) business to Sivantos.[117][118] Siemens
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.[116] Siemens
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, 2012[119]

A Siemens
Siemens
high-voltage transformer

A Siemens
Siemens
SPECT/CT scanner in operation

A Siemens
Siemens
wind power generator

A Siemens
Siemens
steam turbine rotor

A Siemens
Siemens
train in operation

Bangkok Skytrain
Bangkok Skytrain
built by Siemens

Operations[edit] Siemens
Siemens
is incorporated in Germany
Germany
and has its corporate headquarters in Munich.[120] It has operations in around 190 countries and approximately 285 production and manufacturing facilities.[120] Siemens
Siemens
had around 360,000 employees as of 30 September 2011.[120] 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
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
Automation
and drive system for steel Mills

Research and development[edit] In 2011, Siemens
Siemens
invested a total of €3.925 billion in research and development, equivalent to 5.3% of revenues.[120] As of 30 September 2011, Siemens
Siemens
had approximately 11,800 Germany-based employees engaged in research and development and approximately 16,000 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.[120] As of 30 September 2011, Siemens
Siemens
held approximately 53,300 patents worldwide.[120]

Siemens' headquarters, Munich
Munich
(front)

Siemens
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
Siemens
office building in Erlangen

Siemens
Siemens
office building in Erlangen

Siemens
Siemens
site in Munich-Perlach

Siemens
Siemens
Forum Munich

Siemens
Siemens
Gas Turbine Factory, formerly Ruston & Hornsby Pelham Works, Lincoln, England

Joint ventures[edit] Siemens' current joint ventures include:

Siemens
Siemens
Traction Equipment Ltd. (STEZ), Zhuzhou
Zhuzhou
China, is a joint venture between Siemens, Zhuzhou
Zhuzhou
CSR Times Electric Co., Ltd. (TEC) and CSR Zhuzhou
Zhuzhou
Electric Locomotive Co., Ltd. (ZELC). which produces AC drive electric locomotives and AC locomotive traction components.[121] Silcar was a joint venture between Siemens
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.[122][123][124] OMNETRIC Group, A Siemens
Siemens
& Accenture
Accenture
Company

In 2014, Siemens
Siemens
and Accenture
Accenture
formed a joint venture company called OMNETRIC Group.[125]

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
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
Qatar
(DIC Company Ltd.) with 3.04%, the Government Pension Fund of Norway with 2.5% and Siemens
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%).[126] Senior management[edit] Chairmen of the Siemens-Schuckertwerke Managing Board (1903 to 1966)[127]

Alfred Berliner (1903 to 1912) Carl Friedrich von Siemens
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
Siemens
& Halske / Siemens-Schuckertwerke Supervisory Board (1918 to 1966)[127]

Wilhelm von Siemens
Wilhelm von Siemens
(1918 to 1919) Carl Friedrich von Siemens
Carl Friedrich von Siemens
(1919 to 1941) Hermann von Siemens
Hermann von Siemens
(1941 to 1946) Friedrich Carl Siemens
Siemens
(1946 to 1948) Hermann von Siemens
Hermann von Siemens
(1948 to 1956) Ernst von Siemens (1956 to 1966)

Wilhelm von Siemens 

Carl Friedrich von Siemens 

Chairmen of the Siemens
Siemens
AG Managing Board (1966 to present)[127]

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
Heinrich von Pierer
(1992 to 2005) Klaus Kleinfeld
Klaus Kleinfeld
(2005 to 2007) Peter Löscher
Peter Löscher
(2007 to 2013) Joe Kaeser
Joe Kaeser
(2013 to present)

Heinrich von Pierer 

Klaus Kleinfeld 

Peter Löscher 

Chairmen of the Siemens
Siemens
AG Supervisory Board (1966 to present)[127]

Ernst von Siemens (1966 to 1971) Peter von Siemens
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
Heinrich von Pierer
(2005 to 2007) Gerhard Cromme (de) (2007 to 2018) Jim Hagemann Snabe (2018 to present)

Managing Board (present day)[128][129]

Joe Kaeser
Joe Kaeser
(CEO, 2013 to present) Roland Busch (CEO Infrastructure & Cities Sector) Lisa Davis (chair and CEO - Siemens
Siemens
Corporation) Klaus Helmrich (Chief Technology Officer) Janina Kugel (de) (Chief Human Resources Officer) Siegfried Russwurm (CEO Industry Sector, Chief Technology Officer till March 2017)[130] Ralf P. Thomas (CFO)

See also[edit]

Companies portal

Renewable energy commercialization

References[edit]

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Group's Huntsville electronics ops to be acquired by Siemens
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VDO Automotive". Emsnow.com. 10 February 2004.  ^ John Cox (10 December 2004). " Siemens
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swallows start-up Chantry". Network World Fusion Network World US. News.techworld.com. 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
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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
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Power Transmission acquires Shaw Power Tech Int Ltd from Shaw Group
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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." Utility Automation
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& Engineering T&D. Alacrastore.com. 1 January 2005.  ^ " Siemens
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acquires Transmitton" (PDF). Press release. Siemenstransportation.co.uk. 15 August 2005. Archived from the original (PDF) on 8 November 2007.  ^ a b c d e f g Schubert, Siri; Miller, T. Christian (20 December 2008). "At Siemens, Bribery Was Just a Line Item". The New York Times.  ^ a b c d e O'Reilly, Cary; Matussek, Karin (16 December 2008). " Siemens
Siemens
to Pay $1.6 Billion to Settle Bribery Cases". The Washington Post.  ^ a b c Gow, David (15 December 2008). "Record US fine ends Siemens bribery scandal". The Guardian.  ^ "Nigeria probes Siemens
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Aktiengesellschaft" (PDF). United States District Court for the District of Columbia. May 2, 2013.  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.  ^ Sims, G. Thomas (15 May 2007). "The New York Times". Retrieved 15 May 2007.  ^ Oduor, Jacinta Anyango; Fernando, Francisca M. U.; Flah, Agustin; Gottwald, Dorothee; Hauch, Jeanne M.; Mathias, Marianne; Park, Ji Won; Stolpe, Oliver (2013). Left Out of the Bargain: Settlements in Foreign Bribery Cases and Implications for Asset
Asset
Recovery. World Bank Publications. pp. 80, 133. ISBN 9781464800870.  ^ "Press release: Siemens
Siemens
Launches US$100 Million Initiative for Anti-Corruption". World Bank
World Bank
and Siemens. December 9, 2009.  ^ "Press release: Siemens
Siemens
selects initial projects for US$100 million Integrity Initiative". World Bank
World Bank
and Siemens. December 9, 2010.  ^ "Press release: Siemens
Siemens
Integrity Initiative enters the second round" (PDF). World Bank
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and Siemens. December 10, 2014.  ^ "Nigeria: Bribe Scandal - Siemens
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Fined N7 Billion".  ^ "Debt crisis: Greek government signs €330m settlement with Siemens". Telegraph.co.uk. 27 August 2012. Retrieved 16 February 2016.  ^ "Υπόθεση Siemens: Στις 24 Φεβρουαρίου αρχίζει η δίκη".  ^ "Courts issue warrants for arrest of Karavelas and Christoforakos".  ^ "Και τρίτο ευρωπαϊκό ένταλμα σύλληψης".  ^ "Ex-Boss Could Help Shed Light on Corruption".  ^ "Ελεύθερος ο Χριστοφοράκος".  ^ a b "Ex-power company execs charged in massive Siemens
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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 & Company. Archived from the original on 8 December 2007. Retrieved 7 December 2007.  ^ Merrill, Molly. " Siemens
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to spin off SEN into JV with Gores Group". Reuters. 29 July 2008.  ^ " Siemens
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invests $ 15 million in Israeli solar company Arava Power" (PDF) (Press release). Siemens
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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
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to quit nuclear industry". BBC News. 18 September 2011.  ^ " Siemens
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wins $967 million order from Saudi Aramco". Reuters.  ^ Stanley Reedmarch (25 March 2014). " Siemens
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to Invest $264 Million in British Wind Turbine Project". New York Times.  ^ " Rolls-Royce sells energy arm to Siemens
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Further reading[edit]

Weiher, Siegfried von /Herbert Goetzeler (1984). The Siemens
Siemens
Company, Its Historical Role in the Progress of Electrical Engineering 1847–1980, 2nd ed. Berlin
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
Berlin
1993 See Carola Sachse: Jewish forced labor and non-Jewish women and men at Siemens
Siemens
from 1940 to 1945, in: International Scientific Correspondence, No. 1/1991, pp. 12–24; Karl-Heinz Roth: forced labor in the Siemens
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
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
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
Siemens
in Ravensbrück, in: Dietrich Eichholz (eds) War and economy. Studies on German economic history 1939–1945, Berlin
Berlin
1999. Bundesarchiv Berlin, NS 19, No. 968, Communication on the creation of the barracks for the Siemens
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
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
Nazi
camp system, Frankfurt / Main 1990 and Feldkirchen: Siemens
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[edit]

Wikimedia Commons has media related to Siemens.

Official website

v t e

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Divisions and subsidiaries

Current

Energy Sector

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Wind Power

Industry Sector

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Milltronics Process Instruments Siemens
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Mobility Siemens
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Financial Services Siemens
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Former and defunct

Acuson Corporation1 C. A. Parsons and Company1 Dispolok2 Helios AG2 Infineon Technologies2 Osram2 Roke Manor Research2 Siemens
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Communications1 Siemens
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Dematic2 Siemens
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Home and Office Communication Devices2 Siemens
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Hearing Instruments2 Siemens
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IT Solutions and Services2 Siemens
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Mobile2 Siemens
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VAI1 Siemens
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Nixdorf Informationssysteme2 Siemens
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Plessey2 Siemens
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VDO2 Wincor Nixdorf2 ROLM1

Joint ventures and shareholdings

Current

A2SEA (49%) AREVA NP (34%) Atos
Atos
(15%) German Shanghai Metro Group Primetals Technologies
Primetals Technologies
(49%) Siemens
Siemens
Saudi Arabia

Former and defunct

BiiN BSH Bosch and Siemens
Siemens
Home Appliances

Gaggenau NEFF

Eurotrain Fujitsu Siemens
Siemens
Computers Krauss-Maffei Nokia Siemens
Nokia Siemens
Networks (49.9%) Siemens
Siemens
Matsushita Components Unify GmbH & Co. KG (49%)

Predecessors

Siemens
Siemens
& Halske Siemens-Schuckert Siemens-Reiniger-Werke

Products, services and projects

Current

FINEX Locomotives Multiple units Siemens
Siemens
Modular Metro Siemens
Siemens
Inspiro Siemens
Siemens
Desiro Siemens
Siemens
Velaro Software products Tram vehicles Mobility projects

Defunct

Elektrische Viktoria Mobile phones Simatic S5 PLC SIMpad

People

Wilfried Feldenkirchen Joe Kaeser Karlheinz Kaske Klaus Kleinfeld Peter Löscher Bernhard Plettner Heinrich von Pierer Jim Reid-Anderson Erich Reinhardt Ernst von Siemens Carl Friedrich von Siemens Carl Heinrich von Siemens Hermann von Siemens Peter von Siemens Werner von Siemens Georg Wilhelm von Siemens Carl Wilhelm Siemens Gerd Tacke

Places

Großsiedlung Siemensstadt Siemens
Siemens
Arena Siemensstadt

Other

Phoebus cartel Siemens
Siemens
Competition Siemens
Siemens
Foundation Siemens
Siemens
Open Siemens scandal
Siemens scandal
(Japan, 1914) Siemens scandal
Siemens scandal
(Greece, 2008) Werner von Siemens
Werner von Siemens
Ring

1Now integrated into other Siemens
Siemens
divisions or business groupings 2Sold

Category Commons

Links to related articles

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Euro Stoxx 50 companies of the Euro Area

Last updated October 2015

Air Liquide Airbus Allianz Anheuser-Busch InBev ASML Holding Assicurazioni Generali AXA Banco Bilbao Vizcaya Argentaria Banco Santander BASF Bayer BMW BNP Paribas Carrefour Saint-Gobain Daimler AG Deutsche Bank Deutsche Post Deutsche Telekom Enel Engie
Engie
SA Eni E.ON Essilor
Essilor
International Fresenius SE Groupe Danone Iberdrola Inditex ING Group NV Intesa Sanpaolo L'Oréal LVMH Moët Hennessy Louis Vuitton Münchener Rückversicherungs-Gesellschaft Nokia Orange S.A. Philips Electronics SAFRAN Sanofi SAP SE Schneider Electric Siemens Société Générale SA Telefónica Total S.A. Unibail-Rodamco UniCredit Unilever Vinci SA Vivendi Volkswagen Group

v t e

DAX
DAX
companies of Germany

Adidas Allianz BASF Bayer Beiersdorf BMW Commerzbank Continental Daimler Deutsche Bank Deutsche Börse Deutsche Post Deutsche Telekom E.ON Fresenius Fresenius Medical Care HeidelbergCement Henkel Infineon Technologies Linde Lufthansa Merck Munich
Munich
Re ProSiebenSat.1 Media RWE SAP Siemens ThyssenKrupp Volkswagen Vonovia

Authority control

WorldCat Identities VIAF: 156622677 LCCN: n50075211 ISNI: 0000 0001 2178 835X GND: 2114358-4 SUDOC: 028725549 BNF: cb118671702 (d

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