Siemens AG (German pronunciation: [ˈziːmɛns]) is a German
conglomerate company headquartered in
Munich and the
largest industrial manufacturing company in Europe with branch offices
The principal divisions of the company are Industry, Energy,
Siemens Healthineers), and Infrastructure & Cities,
which represent the main activities of the company. 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. The company is a component of the
Euro Stoxx 50 stock market index.
Siemens and its subsidiaries
employ approximately 372,000 people worldwide and reported global
revenue of around €83 billion in 2017 according to its earnings
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
3.1 Research and development
4 Joint ventures
6 Senior management
7 See also
9 Further reading
10 External links
1847 to 1901
Werner von Siemens, co-founder of
Siemens & Halske.
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
Siemens & Halske, opened its first workshop on 12 October.
In 1848, the company built the first long-distance telegraph line in
Europe; 500 km from
Berlin to Frankfurt am Main. In 1850, the
founder's younger brother, Carl Wilhelm Siemens, later Sir William
Siemens, started to represent the company in London. The
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 (Calcutta to London) telegraph line.
First electric locomotive, built in 1879 by company founder Werner von
Werner von Siemens
Werner von Siemens described a dynamo without permanent
magnets. A similar system was also independently invented by Charles
Siemens became the first company to build such
devices. In 1881, a
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.
1901 to 1933
The company built airplanes during World War I, for example this
Siemens airplane in 1926.
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,
Halske and Siemens-Schuckert) had 34,324 employees and was the
seventh-largest company in the German empire by number of
employees. (see List of German companies by employees in 1907)
In 1919, S & H and two other companies jointly formed the Osram
lightbulb company.
Siemens advertisement from the 1920s era.
During the 1920s and 1930s, S & H started to manufacture radios,
television sets, and electron microscopes.
In 1932, Reiniger, Gebbert & Schall (Erlangen), Phönix AG
(Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form
Siemens-Reiniger-Werke AG (SRW), the third of the so-called parent
companies that merged in 1966 to form the present-day
In the 1920s,
Siemens constructed the Ardnacrusha Hydro Power station
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.
1933 to 1945
Prisoners around 1944 working at a
Siemens factory in KZ Bobrek, a
subcamp of Auschwitz concentration camp.
Siemens truck being used as a
Nazi public address vehicle in 1932
Siemens (at the time: Siemens-Schuckert) exploited the forced labour
of deported people in extermination camps. The company owned a plant
in Auschwitz concentration camp.
During the final years of World War II, numerous plants and factories
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.
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. 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.
Siemens 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.
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. 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. In 1969,
Siemens formed Kraftwerk Union with
AEG by pooling
their nuclear power businesses.
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.
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
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
Siemens reintegrated Kraftwerk Union, the unit overseeing
nuclear power business.
Siemens acquired Nixdorf
Computer AG and renamed it Siemens
Nixdorf Informationssysteme AG, in order to produce personal
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., and was
later absorbed by
Siemens Energy and Automation, Inc.
Siemens bought out IBM's half of
Siemens had bought
ROLM five years earlier), thus creating SiemensROLM
Communications; eventually dropping
ROLM from the name later in the
Siemens agreed to sell the defence arm of
British Aerospace (BAe) and a German aerospace company,
Chrysler Aerospace. BAe and DASA acquired the British and
German divisions of the operation respectively.
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.
Siemens acquired Westinghouse Power Generation for more than
$1.5 billion from the
CBS Corporation and moving
Siemens from third to
second the world power generation market.
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
In 2000, Shared Medical Systems Corporation was acquired by the
Siemens' Medical Engineering Group, eventually becoming part of
Siemens Medical Solutions.
Also in 2000, Atecs-Mannesman was acquired by Siemens, 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
Siemens Production and Logistics forming
Mannesmann Demag Delaval merged into the Power Generation division of
Siemens AG. Other parts of the company were acquired by Robert
Bosch GmbH at the same time. Also, Moore Products Co. of Spring
House, PA USA was acquired by
Siemens Energy & Automation,
2001 to 2005
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; it provides industrial process optimisation, consultancy
and other engineering services.
Also in 2001,
Siemens formed joint venture Framatome with
Areva SA of
France by merging much of the companies' nuclear businesses.
Siemens sold some of its business activities to Kohlberg
Kravis Roberts & Co. L.P. (KKR), with its metering business
included in the sale package.
Siemens acquired the flow division of
incorporated it into the
Automation and Drives division. Also in
Siemens acquired IndX software (realtime data organisation and
presentation). The same year in an unrelated development
Siemens reopened its office in Kabul. Also in 2003 agreed to buy
Alstom Industrial Turbines; a manufacturer of small, medium and
industrial gas turbines for €1.1 billion. On 11 February
Siemens planned to shorten phones' shelf life by bringing out
annual Xelibri lines, with new devices launched as spring -summer and
autumn-winter collections. On 6 March 2003, the company opened an
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. On 18 March 2003, the company unveiled the latest in its
series of Xelibri fashion phones.
In 2004, the wind energy company Bonus Energy in Brande, Denmark was
Siemens Wind Power
Siemens Wind Power division. Also in
Siemens invested in Dasan Networks (South Korea, broadband
network equipment) acquiring ~40% of the shares,
disinvested itself of the shares in 2008. The same year Siemens
acquired Photo-Scan (UK,
CCTV systems), US Filter Corporation
(water and Waste Water Treatment Technologies/ Solutions, acquired
from Veolia), Hunstville Electronics Corporation (automobile
electronics, acquired from Chrysler), and Chantry Networks (WLAN
Siemens sold the
Siemens mobile manufacturing business to
BenQ, forming the
BenQ-Siemens division. Also in 2005
Flender Holding GmbH (Bocholt, Germany, gears/industrial drives),
Bewator AB (building security systems), Wheelabrator Air Pollution
Control, Inc. (Industrial and power station dust control systems),
AN Windenergie GmbH. (Wind energy), Power Technologies Inc.
(Schenectady, USA, energy industry software and training), CTI
Molecular Imaging (
Positron emission tomography
Positron emission tomography and molecular imaging
systems), Myrio (
IPTV systems), Shaw Power Technologies
International Ltd (UK/USA, electrical engineering consulting, acquired
from Shaw Group), and Transmitton (
Ashby de la Zouch
Ashby de la Zouch UK, rail
and other industry control and asset management).
2005 and continuing: worldwide bribery scandal
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. The investigators
found that bribing officials to win contracts was standard operating
procedure. Over that time period the company paid around $1.3
billion in bribes in many countries and kept separate books to hide
Fines were anticipated to be as high as $5 billion as the
investigation unfolded. 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 Nigeria).
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
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
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.
The culture of bribery was old in Siemens, and led to the 1914 scandal
in Japan over bribes paid by both
Vickers to Japanese
naval authorities to win shipbuilding contracts.
The culture of bribery had further had grown up inside
World War II
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
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 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
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.
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
Siemens employees and bribe recipients in various
In May 2007 a German court convicted two former executives of paying
about €6 million in bribes from 1999 to 2002 to help
natural gas turbine supply contracts with Enel, an Italian energy
company. The contracts were valued at about €450 million. Siemens
was fined €38 million.
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 "“
Initiative”. The first payments were made out of the funds
in 2010 in a tranche of $40 million. A second set of projects was
funded in 2014 totaling $30 million.
Siemens paid N7 billion to the Nigerian government in 2010.
In 2012, the Greek government settled the Greek bribery scandal for
330 million euros. 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. The central figure
of the scandal however, ex-
Siemens chief executive in Greece Michael
Christoforakos, against whom European arrest warrants are
pending 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. 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.
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
Siemens announced the purchase of
Bayer Diagnostics, which
was incorporated into the Medical Solutions Diagnostics division on 1
January 2007, also in 2006
Siemens acquired Controlotron (New
York) (ultrasonic flow meters) Also in 2006
Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now
TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control,
and VistaScape Security Systems
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. 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."
given the highest fine of €396 million, more than half of the total,
for its alleged leadership role in the activity.
Siemens power generating wind turbine towers
In March 2007, a
Siemens board member was temporarily arrested and
accused of illegally financing 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. 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.
the merger due to bribery investigations against Siemens. 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.
Also in 2007,
Siemens acquired Vai Ingdesi
Industrial Automation), UGS Corp., Dade Behring, Sidelco (Quebec,
Canada), S/D Engineers Inc., and Gesellschaft für Systemforschung und
Dienstleistungen im Gesundheitswesen mbH (GSD) (Germany).
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
The Gores Group holding a majority interest of 51% stake, with Siemens
AG holding a minority interest of 49%.
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
Siemens now holds a 40% stake in the
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
In April 2009,
Fujitsu Siemens Computers
Fujitsu Siemens Computers became Fujitsu Technology
Solutions as a result of Fujitsu buying out Siemens' share of the
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
In October 2009,
Siemens signed a $418 million contract to buy Solel
Solar Systems an Israeli company in the solar thermal power
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.
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.
In November 2012,
Siemens acquired the Rail division of
£1.7 billion. In the same month,
Siemens made the announcement of
acquiring a privately held company, LMS International NV.
In August 2013,
Nokia acquired 100% of the company
Networks, with a buy-out of
Siemens AG, ending
Siemens role in
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.
Siemens plans to build a $264 million facility for making
offshore wind turbines in Paull, England, as Britain’s wind power
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
In May 2014,
Rolls-Royce agreed to sell its gas turbine and compressor
energy business to
Siemens for £1 Billion.
In June 2014,
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 (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.
Siemens acquired U.S. oilfield equipment maker Dresser-Rand
Group Inc for $7.6 billion.
In November 2016,
Siemens announced the acquisition of EDA company
Mentor Graphics for $4.5 billion.
In December 2017,
Siemens announced the acquisition of medical
technology company Fast Track Diagnostics for an undisclosed
Products, services and contribution
Siemens C651 trains for the Singapore MRT at Ulu Pandan Depot
Siemens offers a wide range of electrical engineering- and
electronics-related products and services. 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
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[update],
Siemens finalized the sale of its
hearing-aid (hearing instruments) business to Sivantos.
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, 2012
Siemens high-voltage transformer
Siemens SPECT/CT scanner in operation
Siemens wind power generator
Siemens steam turbine rotor
Siemens train in operation
Bangkok Skytrain built by Siemens
Siemens is incorporated in
Germany and has its corporate headquarters
in Munich. 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
Process Industries and Drives
Automation and drive system for steel Mills
Research and development
Siemens invested a total of €3.925 billion in research and
development, equivalent to 5.3% of revenues. As of 30 September
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. As of 30 September 2011,
approximately 53,300 patents worldwide.
Siemens office building in Munich-Giesing
Siemens-Tower in Berlin-Siemensstadt
"Wernerwerk" (Werner's Factory) in Berlin-Siemensstadt
Wernerwerk II in Berlin-Siemensstadt
Wernerwerk XV in Berlin-Siemensstadt
Siemens office building in Erlangen
Siemens office building in Erlangen
Siemens site in Munich-Perlach
Siemens Forum Munich
Siemens Gas Turbine Factory, formerly Ruston & Hornsby Pelham
Works, Lincoln, England
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)
Zhuzhou Electric Locomotive Co., Ltd. (ZELC). which produces
AC drive electric locomotives and AC locomotive traction
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.
OMNETRIC Group, A
Accenture formed a joint venture company called
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%).
Chairmen of the Siemens-Schuckertwerke Managing Board (1903 to
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 & Halske / Siemens-Schuckertwerke
Supervisory Board (1918 to 1966)
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)
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 AG Managing Board (1966 to present)
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 (2005 to 2007)
Peter Löscher (2007 to 2013)
Joe Kaeser (2013 to present)
Heinrich von Pierer
Chairmen of the
Siemens AG Supervisory Board (1966 to present)
Ernst von Siemens (1966 to 1971)
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)
Joe Kaeser (CEO, 2013 to present)
Roland Busch (CEO Infrastructure & Cities Sector)
Lisa Davis (chair and CEO -
Klaus Helmrich (Chief Technology Officer)
Janina Kugel (de) (Chief Human Resources Officer)
Siegfried Russwurm (CEO Industry Sector, Chief Technology Officer till
Ralf P. Thomas (CFO)
Renewable energy commercialization
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