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Siemens AG
Aktiengesellschaft

Aktiengesellschaft is a German language term that refers to a corporation that is limited by share s, i.e. owned by shareholders, and may be traded on a stock market....
 is Europe's largest engineering conglomerate
Conglomerate (company)

A conglomerate is a company that consists of multiple distinct and often unrelated businesses. Conglomerates are often large and can be formed by merging more than three businesses together....
. Siemens' international headquarters are located in Berlin
Berlin

Berlin is the Capital of Germany city and one of sixteen States of Germany of Germany. With a population of 3.4 million within its city limits, Berlin is the country's largest city....
 and Munich
Munich

Munich is the capital city of Bavaria, Germany. Munich is located on the River Isar north of the Northern Limestone Alps. Munich is the third largest city in Germany, after Berlin and Hamburg....
, Germany
Germany

Germany , officially the Federal Republic of Germany , is a country in Central Europe. It is bordered to the north by the North Sea, Denmark, and the Baltic Sea; to the east by Poland and the Czech Republic; to the south by Austria and Switzerland; and to the west by France, Luxembourg, Belgium, and the Netherlands....
. The company is a conglomerate
List of conglomerates

A Conglomerate is a large company that consists of diverse divisions; the term is almost always reserved for companies having otherwise unrelated businesses under a common corporate umbrella....
 of three main business sectors: Industry, Energy and Healthcare with a total of 15 Divisions.

Worldwide, Siemens and its subsidiaries employ approximately 480,000 people in nearly 190 countries and reported global revenue of $110.82 billion
1000000000 (number)

1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....
 as of 2008. Siemens AG is listed on the Frankfurt Stock Exchange
Frankfurt Stock Exchange

File:Boerse-ffm021.jpgThe Frankfurt Stock Exchange is a stock exchange located in Frankfurt, Germany.The Frankfurt Stock Exchange is one of the biggest and most efficient exchange places in the world....
, and has been listed on the New York Stock Exchange
New York Stock Exchange

New York Stock Exchange is a stock exchange based in New York City, New York. It is the largest stock exchange in the world by United States dollar market capitalization of its listed companies' Security ....
 since March 12, 2001.

ens was founded by Werner von Siemens
Ernst Werner von Siemens

Ernst Werner von Siemens was a German inventor and industrialist. Siemens' name has been adopted as the SI unit of electrical conductance, the siemens ....
 on 12 October, 1847.






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Siemens AG
Aktiengesellschaft

Aktiengesellschaft is a German language term that refers to a corporation that is limited by share s, i.e. owned by shareholders, and may be traded on a stock market....
 is Europe's largest engineering conglomerate
Conglomerate (company)

A conglomerate is a company that consists of multiple distinct and often unrelated businesses. Conglomerates are often large and can be formed by merging more than three businesses together....
. Siemens' international headquarters are located in Berlin
Berlin

Berlin is the Capital of Germany city and one of sixteen States of Germany of Germany. With a population of 3.4 million within its city limits, Berlin is the country's largest city....
 and Munich
Munich

Munich is the capital city of Bavaria, Germany. Munich is located on the River Isar north of the Northern Limestone Alps. Munich is the third largest city in Germany, after Berlin and Hamburg....
, Germany
Germany

Germany , officially the Federal Republic of Germany , is a country in Central Europe. It is bordered to the north by the North Sea, Denmark, and the Baltic Sea; to the east by Poland and the Czech Republic; to the south by Austria and Switzerland; and to the west by France, Luxembourg, Belgium, and the Netherlands....
. The company is a conglomerate
List of conglomerates

A Conglomerate is a large company that consists of diverse divisions; the term is almost always reserved for companies having otherwise unrelated businesses under a common corporate umbrella....
 of three main business sectors: Industry, Energy and Healthcare with a total of 15 Divisions.

Worldwide, Siemens and its subsidiaries employ approximately 480,000 people in nearly 190 countries and reported global revenue of $110.82 billion
1000000000 (number)

1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....
 as of 2008. Siemens AG is listed on the Frankfurt Stock Exchange
Frankfurt Stock Exchange

File:Boerse-ffm021.jpgThe Frankfurt Stock Exchange is a stock exchange located in Frankfurt, Germany.The Frankfurt Stock Exchange is one of the biggest and most efficient exchange places in the world....
, and has been listed on the New York Stock Exchange
New York Stock Exchange

New York Stock Exchange is a stock exchange based in New York City, New York. It is the largest stock exchange in the world by United States dollar market capitalization of its listed companies' Security ....
 since March 12, 2001.

History

Siemens was founded by Werner von Siemens
Ernst Werner von Siemens

Ernst Werner von Siemens was a German inventor and industrialist. Siemens' name has been adopted as the SI unit of electrical conductance, the siemens ....
 on 12 October, 1847. Based on the telegraph, his invention used a needle
Measuring instrument

In the physical sciences, quality assurance, and engineering, measurement is the activity of obtaining and comparing physical quantity of real-world object and phenomenon....
 to point to the sequence of letter
Letter (alphabet)

A letter is an element in an alphabetic system of writing, such as the Greek alphabet and its descendants. Each letter in the written language is usually associated with one phoneme in the spoken form of the language....
s, instead of using Morse code
Morse code

Morse code is a type of character encoding that transmits telegraphic information using rhythm. Morse code uses a standardized sequence of short and long elements to represent the alphanumeric, punctuation and special characters of a given message....
. The company – then called Telegraphen-Bauanstalt von Siemens & Halske – opened its first workshop on October 12.

In 1848, the company built the first long-distance telegraph line in Europe
Europe

Europe is, conventionally, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia to its east by the water divide of the Ural Mountains, the Ural , the Caspian Sea, and by the Caucasus Mountains to the southeast....
; 500 km from Berlin to Frankfurt am Main. In 1850 the founder's younger brother, Sir William Siemens (born Carl Wilhelm Siemens
Carl Wilhelm Siemens

Carl Wilhelm Siemens was a Germany born engineer who for most of his life worked in United Kingdom and later became a British subject....
), started to represent the company in London
London

London is the capital of both England and the United Kingdom, and the most populous municipality in the European Union. An important settlement for two millennia, History of London goes back to its founding by the Roman Empire....
. In the 1850s, the company was involved in building long distance telegraph networks in Russia
Russia

Russia , or the Russian Federation , is a list of countries spanning more than one continent country extending over much of northern Eurasia....
. In 1855, a company branch headed by another brother, Carl von Siemens
Carl Heinrich von Siemens

Carl Heinrich von Siemens - March 21 1906 in Menton, France) was a German entrepreneur, a child of a tenant farmer. He is a brother of Ernst Werner von Siemens and William Siemens, sons of Christian Ferdinand Siemens and wife Eleonore Deichmann ....
, opened in St Petersburg, Russia. In 1867, Siemens completed the monumental Indo-European (Calcutta to London) telegraph line.

In 1881, a Siemens AC
Alternating current

In alternating current the movement of electric charge periodically reverses direction. An electric charge would for instance move forward, then backward, then forward, then backward, over and over again....
 Alternator
Alternator

An alternator is an generator that converts mechanical energy to alternating current electrical energy. Most alternators use a rotating magnetic field but linear alternators are occasionally used....
 driven by a watermill
Watermill

A watermill is a structure that uses a water wheel or water turbine to drive a mechanical process such as flour, lumber or textile production, or metal shaping ....
 was used to power the world's first electric street lighting in the town of Godalming
Godalming

Godalming is a town in the Waverley, Surrey district of the county of Surrey, England, south of Guildford. It is built on the banks of the River Wey and is a prosperous stockbroker belt commuter town for London....
, United Kingdom
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
. The company continued to grow and diversified into electric trains and light bulbs. In 1890, the founder retired and left the company to his brother Carl and sons Arnold and Wilhelm. Siemens & Halske (S&H) was incorporated in 1897. In 1907 Siemens had 34,324 employees and was the second-largest company in the German empire
List of German companies by employees in 1907

This is a list of German companies by employees in 1907. The largest 127 companies of the German Empire in 1907 accounted for 7.8 percent of all employees in the German Empire; excluding railways and state-owned enterprises the share was only 3.6 percent....
 by number of employees.

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

OSRAM, founded 1906, is part of the industry sector of Siemens AG and one of the two leading lighting manufacturers in the world. The name is derived from osmium and Wolfram , as both these elements were commonly used for lighting filaments at the time the company was founded....
 lightbulb company. A Japan
Japan

Japan is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, People's Republic of China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south....
ese subsidiary was established in 1923.

During the 1920s and 1930s, S&H started to manufacture radios, television set
Television set

A television set is a device used to view television broadcasts, not to be confused with Video monitor, which are unable to independently tune into over-the-air broadcasts....
s, and electron microscopes.

Ardnacrusha hydro power station

In the 1930s Siemens constructed the Ardnacrusha
Ardnacrusha

Ardnacrusha power station , originally referred to as The Shannon Scheme, is Ireland's largest river hydroelectric scheme and is operated on a purpose built canal connected to the River Shannon in Ardnacrusha, Co....
 Hydro Power station on the River Shannon
River Shannon

The River Shannon is, at 386 km , the longest Rivers of Ireland. It divides the west of Ireland from the east and south . County Clare, being west of the Shannon but part of the province of Munster, is the major exception....
 in the then Irish Free State
Irish Free State

The Irish Free State was the state established as a Dominion on 6 December 1922 under the Anglo-Irish Treaty, signed by the British government and Irish representatives exactly twelve months beforehand....
, 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 nGaedhael
Cumann na nGaedhael

Cumann na nGaedhael , sometimes spelt Cumann na nGaedheal, was an Irish language name given to two Ireland political parties, the second of which became modern Fine Gael party....
 government.

World War II era

Preceding World War II
World War II

World War II, or the Second World War , was a global military conflict which involved a Participants in World War II, including all of the great powers, organised into two opposing military alliances: the Allies of World War II and the Axis powers....
 Siemens was involved in funding the rise of the Nazi Party and the secret rearmament of Germany. During the Second World War, Siemens supported the Hitler regime, contributed to the war effort and participated in the "Nazification" of the economy. Siemens had many factories in and around notorious extermination camps such as Auschwitz and used slave labor from concentration camps to build electric switches for military uses. In one example, almost 100,000 men and women from Auschwitz worked in a Siemens factory inside the camp, supplying the electricity to the camp..

Post-war

In the 1950s and from their new base in Bavaria
Bavaria

Bavaria , with an area of and almost 12.5 million inhabitants, is a region located in the southeast of Germany and is the largest States of Germany of Germany by area....
, S&H started to manufacture computer
Computer

A computer is a machine that manipulates Data according to a list of Code .The first devices that resemble modern computers date to the mid-20th century , although the computer concept and various machines similar to computers existed earlier....
s, semiconductor
Semiconductor

A semiconductor is a material that has electrical conductivity between those of a Electrical conductor and an electrical insulation; it can vary over that wide range either permanently or dynamically....
 devices, washing machines, and pacemaker
Cardiac pacemaker

The contractions of the heart are controlled by chemical impulses, which fire at a rate which controls the beat of the heart.The cell s that create these rhythmical impulses are called pacemaker cells, and they directly control the heart rate....
s. Siemens AG was incorporated in 1966. The company's first digital telephone exchange was produced in 1980. In 1988 Siemens and GEC
GEC

The three-letter acronym GEC may mean* Goa Engineering College, Goa,India* Government Engineering College, Thrissur* Gwalior Engineering College, Gwalior,India...
 acquired the UK defense and technology company Plessey
Plessey

The Plessey Company plc was a United Kingdom-based international electronics, defence and telecommunications company. It originated in 1917, growing and diversifying into electronics....
. Plessey's holdings were split, and Siemens took over the avionics
Avionics

Avionics means "aviation electronics". It comprises Electronics systems for use on aircraft, artificial satellites and spacecraft, comprising communications, navigation and the display and management of multiple systems....
, radar
Radar

Radar is a system that uses electromagnetic radiation waves to identify the range, altitude, direction, or speed of both moving and fixed objects such as aircraft, ships, motor vehicles, weather formations, and terrain....
 and traffic control businesses — as Siemens Plessey
Siemens Plessey

Siemens Plessey was the name given to the Plessey businesses acquired by Siemens AG in 1989. Plessey, a British-based international electronics, defence and telecommunications company, was at the time the second largest defence electronics contractor to the Ministry of Defence and the largest supplier of traffic control equipment....
.

In 1991, Siemens acquired Nixdorf Computer AG
Nixdorf Computer AG

Nixdorf Computer AG was a computer company founded by Heinz Nixdorf in 1952. Headquartered in Paderborn, Germany, it became the fourth largest computer company in Europe, and a worldwide specialist in banking and point-of-sale systems....
 and renamed it Siemens Nixdorf Informationssysteme
Siemens Nixdorf Informationssysteme

Siemens Nixdorf Informationssysteme, Aktiengesellschaft was formed in 1990 by the merger of Nixdorf Computer AG and the Siemens AG' Data Information Services division....
 AG.

In 1997 Siemens introduced the first GSM cellular phone with colour display. Also in 1997 Siemens agreed to sell the defense arm of Siemens Plessey to British Aerospace
British Aerospace

British Aerospace was a United Kingdom aircraft manufacturer, munitions and defence-systems manufacturer. In 1999 it purchased Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc to form BAE Systems....
 (BAe) and a UK government agency, the Defence Analytical Services Agency
Defence Analytical Services Agency

The Defence Analytical Services Agency . Created in 1992 from various statistics branches within the Ministry of Defence , DASA was an executive agency of the Ministry of Defence , and reported to the Minister of State ....
 (DASA). BAe and DASA acquired the British and German divisions of the operation respectively.

In 1999, Siemens' semiconductor operations were spun off into a new company known as Infineon Technologies
Infineon Technologies

Infineon Technologies Aktiengesellschaft was founded in April 1999 when the semiconductor operations of parent company, Siemens AG, were spun off to form a separate legal entity....
. Also, Siemens Nixdorf Informationssysteme AG formed part of Fujitsu Siemens Computers
Fujitsu Siemens Computers

Fujitsu Siemens Computers, Inc. is a Japanese and Germany Information technology vendor , selling consumer and business computing products in the markets of Europe, the Middle East and Africa ....
 AG in that year. The retail banking
Retail banking

Retail banking refers to banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks....
 technology group became Wincor Nixdorf
Wincor Nixdorf

Wincor Nixdorf is a Germany corporation that provides retail and retail banking hardware, software, and services. Wincor Nixdorf is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems , retail banking equipment, lottery terminals, software and services for global financial and commercial...
.

In February 2003, Siemens reopened its office in Kabul
Kabul

Kabul is the Capital and largest city of Afghanistan, with a population of approximately three million. It is an economic and cultural centre, situated 5,900 foot above sea level in a narrow valley, wedged between the Hindu Kush mountains along the Kabul River....
.

In 2004, Siemens took over the mantle of official Formula One
Formula One

Formula One, abbreviated to F1, and currently officially referred as the FIA Formula One World Championship is the highest class of auto racing sanctioned by the F?d?ration Internationale de l'Automobile ....
 timekeeper, replacing TAG Heuer
TAG Heuer

TAG Heuer is a Swiss watchmaker known for its luxury sports watches and chronographs. It is a division of luxury goods company LVMH. The company motto is "Swiss Avant-Garde Since 1860"....
.

In November, 2005, Siemens signed a 12 year agreement with the Walt Disney Company to sponsor attractions in its Florida
Florida

Florida is a U.S. state located in the Southeastern United States of the United States, bordering Alabama to the northwest and Georgia to the northeast....
 and California
California

California is a U.S. state on the West Coast of the United States of the United States, along the Pacific Ocean. It is bordered by Oregon to the north, Nevada to the east, Arizona to the southeast, and to the south the Mexico state of Baja California....
 parks.

In 2006, Siemens announced the purchase of Bayer Diagnostics, which was incorporated into the Medical Solutions Diagnostics division officially on 1 January 2007.

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
IG Metall

IG Metall is the dominant metalworkers' trade union in Germany. Analysts of German labor relations consider it a major trend-setter in national bargaining....
. He has been released on bail. Offices of the labour union and of Siemens have been searched. Siemens denies any wrongdoing.

In April 2007, the Fixed Networks, Mobile Networks and Carrier Services divisions of Siemens merged with Nokia
Nokia

Nokia Corporation is a Finland Multinational corporation communications corporation, headquartered in Keilaniemi, Espoo, a city neighbouring Finland's capital Helsinki....
’s Network Business Group in a 50/50 joint venture, creating a fixed and mobile network company called Nokia Siemens Networks
Nokia Siemens Networks

Nokia Siemens Networks is one of the largest telecommunications solutions suppliers in the world. Nokia Siemens Networks was created as the result of a joint venture between Siemens AG's Siemens COM division and Nokia's Network Business Group....
. Nokia delayed 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 canceled a contract with Siemens due to the bribery findings.

In July 2008, Siemens AG announced a joint venture of the Enterprise Communications business with the Gores Group. The Gores Group holding a majority interest of 51% stake, with Siemens AG holding a minority interest of 49%

In October 2008, Siemens Canada Ltd. was named one of Greater Toronto's Top Employers
Greater Toronto's Top Employers

Greater Toronto's Top Employers is an annual competition that recognizes the best places to work in the Greater Toronto Area. Published annually since October 2006, the designation singles out the employers in greater Toronto that lead their industries in creating forward-thinking workplaces with progressive human resources policies....
 by Mediacorp Canada Inc., which was announced by the Toronto Star
Toronto Star

The Toronto Star is Canada's highest-circulation newspaper, though its print edition is distributed almost entirely within the province of Ontario....
 newspaper.

Chief executives


Corporate affairs


Management

Peter Löscher (formerly of Merck) is the current president and the CEO as of July 1, 2007. He succeeded Dr. Klaus Kleinfeld after the scandal charges of bribery against Siemens. Gerhard Cromme is the current chairman of the supervisory board of Siemens AG. He succeeded Dr. Heinrich von Pierer on April 26, 2007.

2007 Price fixing fine

In January 2007 Siemens was fined €396 million by the European Commission
European Commission

The European Commission is the executive of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Treaties of the European Union and the general day-to-day running of the Union....
 for rigging
Price fixing cases

US...
 EU electricity markets through a cartel
Cartel

A cartel is a formal agreement among firms. It is a formal organization of producers that agree to coordinate prices and production. Cartels usually occur in an Oligopoly, where there is a small number of sellers and usually involve homogeneous products....
 involving 11 companies, among which ABB, Alstom
Alstom

Alstom is a large France multinational company list of conglomerates which holds interests in the electricity generation and transport markets....
, Fuji
Fuji

Mount Fuji is the highest mountain in Japan. Fuji can refer to:...
, Hitachi Japan, AE Power Systems, Mitsubishi Electric Corp, Schneider
Schneider Electric

Schneider Electric is a France global company. It was founded in 1836 by two brothers, Eug?ne I and Adolphe Schneider.In the first part of the 20th century, Schneider et Cie associated itself with Westinghouse Electric Corporation who were a major international electrical group at the time....
, Areva
Areva

AREVA is a Government-owned corporation multinational industrial Conglomerate that is mainly known for nuclear power; it also has interests in other energy projects....
, Toshiba
Toshiba

is a multinational corporation list of conglomerates manufacturing company, headquartered in Tokyo, Japan. The company's main business is in Infrastructure, Consumer Products, and Electronic devices and components....
 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." Siemens was given the highest fine of €396 million, more than half of the total, for its alleged leadership role in the incident.

Bribery case

Siemens agreed to pay a record $1.34 billion in fines in December 2008 after being investigated for serious bribery, involving Heinz-Joachim Neubürger, former chief financial officer, Karl-Hermann Baumann, another former CFO
Chief financial officer

The chief financial officer of a Types of companies or public agency is the corporate officer primarily responsible for managing the Finance risks of the business or agency....
 and exchairman, and Johannes Feldmayer, a former management board member. The investigation found questionable payments of roughly €1.3 billion, or $1.9 billion, from 2002 to 2006 that triggered a broad range of inquiries in Germany, the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
 and many other 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
Natural gas

Natural gas is a gas consisting primarily of methane. It is found associated with fossil fuels, in coal beds, as methane clathrates, and is created by methanogenic organisms in marshes, bogs, and landfills....
 turbine
Gas turbine

A gas turbine, also called a combustion turbine, is a rotary engine that extracts energy from a flow of combustion gas. It has an upstream compressor coupled to a downstream turbine, and a combustion chamber in-between....
 supply contracts with Enel
Enel

Enel may refer to:*Enel, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...
, an Italian energy company. The contracts were valued at about €450 million. Siemens was fined €38 million.

Siemens has tightened its internal controls, and implemented strict compliance and anti-corruption measures throughout the company.

Organization structure

Since 1 January 2008, the company is divided into 3 sectors and a total of 15 divisions.

  1. Industry Sector
    1. Drive Technology
    2. Industry Automation
    3. Building Technologies
      1. Fire Safety & Security Products
      2. Security Solutions
      3. Heating & Ventilation Products
      4. Building Automation
    4. Industry Solutions
      1. Water Technologies
    5. Mobility
    6. Osram
      Osram

      OSRAM, founded 1906, is part of the industry sector of Siemens AG and one of the two leading lighting manufacturers in the world. The name is derived from osmium and Wolfram , as both these elements were commonly used for lighting filaments at the time the company was founded....
    7. Market Specific Solutions
    8. Financial Solutions
    9. IT Solutions and Services
    10. Communication Networks
  2. Energy Sector
    1. Fossil Power Generation
    2. Renewable Energy
    3. Oil & Gas
    4. Service Rotating Equipment
    5. Power Transmission
    6. Power Distribution
    7. Financial Solutions
    8. IT Solutions and Services
  3. Healthcare Sector
    1. Diagnostic Imaging and Therapy
    2. Laboratory Diagnostics
    3. Infrastructure Solutions
    4. Hearing Instruments
    5. Financial Solutions
    6. IT Solutions and Services


Key business areas and subsidiary companies before 2008

Siemens' five operational business areas before 2008 were: Automation & Control (, , ), Power (), Transportation
Siemens Transportation Systems

Siemens Transportation Systems is one of the business units of Siemens AG. Products produced include automation and power systems, rolling stock for mass-transit, regional and mainline services, turnkey systems and integrated services, railway signalling and control systems, and railway electrification system....
 (, ), Medical (Siemens Medical Solutions
Siemens Medical Solutions

Siemens Healthcare is a supplier to the healthcare industry, and is headquartered in Erlangen, Germany. Prior to being acquired by Siemens in 2000, the company was known as Shared Medical Systems Corporation and traded on the New York Stock Exhange as "SMS"....
), Information & Communication (Siemens Communications
Siemens COM

Siemens Communications was the Telecommunications and information business of Germany industry Conglomerate Siemens AG. It is the largest division of Siemens and is divided into Mobile Networks, Fixed Networks and Enterprise business units....
, Siemens IT Solutions and Services), and Lighting (OSRAM GmbH
Osram

OSRAM, founded 1906, is part of the industry sector of Siemens AG and one of the two leading lighting manufacturers in the world. The name is derived from osmium and Wolfram , as both these elements were commonly used for lighting filaments at the time the company was founded....
, OSRAM Sylvania
Osram Sylvania

Osram Sylvania Inc. is the North American operation of lighting manufacturer Osram GmbH, which is owned by Siemens AG. It was established in January 1993, with the acquisition of GTE?s Sylvania Electric Products lighting division by Osram GmbH....
).

The company is also active in Financing (Siemens Financial Services
Siemens Financial Services

Siemens Financial Services provides a wide range of business loans to UK organisations of all sizes ? from the very largest FTSE 100 corporates to sole traders, National Health Service trusts, churches, charities and local authorities amongst many others....
), Real Estate (Siemens Real Estate), Home Appliances (BSH), Water Technologies (SWT), Computers (Fujitsu Siemens Computers
Fujitsu Siemens Computers

Fujitsu Siemens Computers, Inc. is a Japanese and Germany Information technology vendor , selling consumer and business computing products in the markets of Europe, the Middle East and Africa ....
), and Business Services.

Recently acquired companies


Major clients


Siemens Foundation

Through an American sub-organisation known as the Siemens Foundation
Siemens Foundation

The Siemens Foundation is a non-profit organization run by Siemens AG. It is responsible for the Siemens Westinghouse Competition, a prestigious science award for high school students in the United States, and also is involved in the Siemens Advanced Placement Scholar Award....
, Siemens also devotes funds to rewarding students and AP teachers. One of its main programs is the Siemens Westinghouse Competition
Siemens Westinghouse Competition

The Siemens Competition is a science competition funded by the Siemens Foundation and administered by the College Board....
 in maths
Mathematics

Mathematics is the study of quantity, structure, space, change, and related topics of pattern and form. Mathematicians seek out patterns whether found in numbers, space, natural science, computers, imaginary abstractions, or elsewhere....
, science, and technology, which annually grants scholarships up to US$100,000 to both individual and team entrants. According to the foundation website, Siemens awards a total of nearly US$2 million in scholarship money every year.

Products


Competition

Main competitors of Siemens are:

See also

  • List of assets owned by Siemens
    List of assets owned by Siemens

    * BSH Bosch und Siemens Hausger?te GmbH - joint venture with Robert Bosch GmbH, makes appliances in Europe.** BSH Home Appliances Corporation - US subsidiary; sells under Robert Bosch GmbH and Thermador brands....
  • Siemens Limited
    Siemens Limited

    Siemens Limited is a company in Saudi Arabia and part of the global Siemens AG. Siemens Limited provides comprehensive solutions in many fields, ranging from oil and gas, petrochemicals, and power generation and distribution to information and communications, and health care....
  • Simatic S5 PLC
    Simatic S5 PLC

    The Simatic S5 PLC is an automation system based on Programmable Logic Controllers. It is manufactured and sold by Siemens AG. Such automation systems systems control process equipment and machinery used in manufacturing....
  • Siemens mobile
  • FIATECH


Further reading

  • 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.


External links