Siemens AG (
) is a German
multinational conglomerate corporation and the largest industrial manufacturing company in Europe
headquartered in
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by popu ...
with branch offices abroad.
The principal divisions of the corporation are ''Industry'', ''Energy'', ''Healthcare'' (
Siemens Healthineers
Siemens Healthineers AG (formerly Siemens Healthcare, Siemens Medical Solutions, Siemens Medical Systems) is a German medical device company. It is the parent company for several medical technology companies and is headquartered in Erlangen, Germ ...
), and ''Infrastructure & Cities'', which represent the main activities of the corporation. The corporation is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit, after the
industrial automation
Automation describes a wide range of technologies that reduce human intervention in processes, namely by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines ...
division. In this area, it is regarded as a pioneer and the company with the highest revenue in the world. The corporation is a component of the
Euro Stoxx 50 stock market index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of the ...
. Siemens and its subsidiaries employ approximately 303,000 people worldwide and reported global revenue of around €62 billion in 2021
according to its earnings release.
History
1847 to 1901
Siemens & Halske
Siemens & Halske AG (or Siemens-Halske) was a German electrical engineering company that later became part of Siemens.
It was founded on 12 October 1847 as ''Telegraphen-Bauanstalt von Siemens & Halske'' by Werner von Siemens and Johann Geo ...
was founded by
Werner von Siemens
Ernst Werner Siemens (von Siemens from 1888; ; ; 13 December 1816 – 6 December 1892) was a German electrical engineer, inventor and industrialist. Siemens's name has been adopted as the SI unit of electrical conductance, the siemens. He foun ...
and
Johann Georg Halske on 1 October 1847. Based on the
telegraph
Telegraphy is the long-distance transmission of messages where the sender uses symbolic codes, known to the recipient, rather than a physical exchange of an object bearing the message. Thus flag semaphore is a method of telegraphy, whereas p ...
, their invention used a needle to point to the sequence of letters, instead of using
Morse code
Morse code is a method used in telecommunication to encode text characters as standardized sequences of two different signal durations, called ''dots'' and ''dashes'', or ''dits'' and ''dahs''. Morse code is named after Samuel Morse, one of ...
. The company, then called ''Telegraphen-Bauanstalt von 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
Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its na ...
. In 1850, the founder's younger brother, Carl Wilhelm Siemens, later
Sir William Siemens, started to represent the company in London. The
London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855, a company branch headed by another brother,
Carl Heinrich von Siemens
Carl Heinrich von Siemens (often just Carl von Siemens) (3 March 1829 – 21 March 1906) was a German entrepreneur.
He was born in Menzendorf, Mecklenburg, one of the fourteen children of a tenant farmer of the Siemens family, an old family of ...
, opened in
St Petersburg
Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...
, Russia. In 1867, Siemens completed the monumental
Indo-European telegraph
Siemens Communications was the communications and information business arm of German industrial conglomerate Siemens AG, until 2006. It was the largest division of Siemens, and had two business units – Mobile Networks and Fixed Networks; and En ...
line stretching over 11,000 km from
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
to
Calcutta
Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern ba ...
.
![First electric locomotive, built in 1879 by Werner von Siemens](https://upload.wikimedia.org/wikipedia/commons/2/24/First_electric_locomotive%2C_built_in_1879_by_Werner_von_Siemens.jpg)
In 1867, Werner von Siemens described a
dynamo
file:DynamoElectricMachinesEndViewPartlySection USP284110.png, "Dynamo Electric Machine" (end view, partly section, )
A dynamo is an electrical generator that creates direct current using a commutator (electric), commutator. Dynamos were the f ...
without permanent magnets. A similar system was also independently invented by
Ányos Jedlik
Ányos István Jedlik ( hu, Jedlik Ányos István; sk, Štefan Anián Jedlík; in older texts and publications: la, Stephanus Anianus Jedlik; 11 January 1800 – 13 December 1895) was a Hungarian inventor, engineer, physicist, and Bened ...
and
Charles Wheatstone
Sir Charles Wheatstone FRS FRSE DCL LLD (6 February 1802 – 19 October 1875), was an English scientist and inventor of many scientific breakthroughs of the Victorian era, including the English concertina, the stereoscope (a device for di ...
, but Siemens became the first company to build such devices. In 1881, a Siemens
AC Alternator
An alternator is an electrical generator that converts mechanical energy to electrical energy in the form of alternating current. For reasons of cost and simplicity, most alternators use a rotating magnetic field with a stationary armature.Go ...
driven by a
watermill
A watermill or water mill is a mill that uses hydropower. It is a structure that uses a water wheel or water turbine to drive a mechanical process such as milling (grinding), rolling, or hammering. Such processes are needed in the production of ...
was used to power the world's first electric street lighting in the town of
Godalming
Godalming is a market town and civil parish in southwest Surrey, England, around southwest of central London. It is in the Borough of Waverley, at the confluence of the Rivers Wey and Ock. The civil parish covers and includes the settleme ...
, United Kingdom. The company continued to grow and diversified into
electric trains and
light bulbs
An electric light, lamp, or light bulb is an electrical component that produces light. It is the most common form of artificial lighting. Lamps usually have a base made of ceramic, metal, glass, or plastic, which secures the lamp in the soc ...
. In 1885, Siemens sold one of its generators to
George Westinghouse
George Westinghouse Jr. (October 6, 1846 – March 12, 1914) was an American entrepreneur and engineer based in Pennsylvania who created the railway air brake and was a pioneer of the electrical industry, receiving his first patent at the age of ...
, thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh, Pennsylvania.
In 1887, Siemens opened its first office in Japan. In 1890, the founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm. In 1892, Siemens were contracted to construct the
Hobart
Hobart ( ; Nuennonne/Palawa kani: ''nipaluna'') is the capital and most populous city of the Australian island state of Tasmania. Home to almost half of all Tasmanians, it is the least-populated Australian state capital city, and second-small ...
electric tramway
A tram (called a streetcar or trolley in North America) is a rail vehicle that travels on tramway tracks on public urban streets; some include segments on segregated right-of-way. The tramlines or networks operated as public transport are ...
in
Tasmania
)
, nickname =
, image_map = Tasmania in Australia.svg
, map_caption = Location of Tasmania in AustraliaCoordinates:
, subdivision_type = Country
, subdi ...
,
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
as they increased their markets. The system opened in 1893 and became the first complete electric tram network in the Southern Hemisphere.
1901 to 1933
![Bundesarchiv Bild 183-1985-0607-500, Ernst Udet in Flugzeug](https://upload.wikimedia.org/wikipedia/commons/9/99/Bundesarchiv_Bild_183-1985-0607-500%2C_Ernst_Udet_in_Flugzeug_%22Flamingo%22.jpg)
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
Siemens-Schuckert (or Siemens-Schuckertwerke) was a German electrical engineering company headquartered in Berlin, Erlangen and Nuremberg that was incorporated into the Siemens AG in 1966.
Siemens Schuckert was founded in 1903 when Siemens & Ha ...
. In 1907, Siemens (
Siemens & Halske
Siemens & Halske AG (or Siemens-Halske) was a German electrical engineering company that later became part of Siemens.
It was founded on 12 October 1847 as ''Telegraphen-Bauanstalt von Siemens & Halske'' by Werner von Siemens and Johann Geo ...
and
Siemens-Schuckert
Siemens-Schuckert (or Siemens-Schuckertwerke) was a German electrical engineering company headquartered in Berlin, Erlangen and Nuremberg that was incorporated into the Siemens AG in 1966.
Siemens Schuckert was founded in 1903 when Siemens & Ha ...
) 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
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. ...
)
In 1919, S & H and two other companies jointly formed the
Osram
Osram Licht AG is a German company that makes electric lights, headquartered in Munich and Premstätten (Austria). Osram positions itself as a high-tech photonics company that is increasingly focusing on sensor technology, visualization and tre ...
lightbulb
An electric light, lamp, or light bulb is an electrical component that produces light. It is the most common form of artificial lighting. Lamps usually have a base made of ceramic, metal, glass, or plastic, which secures the lamp in the so ...
company.
![OldSiemensposter](https://upload.wikimedia.org/wikipedia/commons/3/38/OldSiemensposter.jpg)
During the 1920s and 1930s, S & H started to manufacture
radios
Radio is the technology of signaling and communicating using radio waves. Radio waves are electromagnetic waves of frequency between 30 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmitt ...
,
television set
A television set or television receiver, more commonly called the television, TV, TV set, telly, tele, or tube, is a device that combines a tuner, display, and loudspeakers, for the purpose of viewing and hearing television broadcasts, or using ...
s, and
electron microscope
An electron microscope is a microscope that uses a beam of accelerated electrons as a source of illumination. As the wavelength of an electron can be up to 100,000 times shorter than that of visible light photons, electron microscopes have a hi ...
s.
In 1932,
Reiniger, Gebbert & Schall (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form the
Siemens-Reiniger-Werke AG (SRW), the third of the so-called parent companies that merged in 1966 to form the present-day Siemens AG.
In the 1920s, Siemens constructed the
Ardnacrusha Hydro Power station on the
River Shannon
The River Shannon ( ga, Abhainn na Sionainne, ', '), at in length, is the longest river in the British Isles. It drains the Shannon River Basin, which has an area of , – approximately one fifth of the area of the island of Ireland.
The Shan ...
in the then
Irish Free State
The Irish Free State ( ga, Saorstát Éireann, , ; 6 December 192229 December 1937) was a state established in December 1922 under the Anglo-Irish Treaty of December 1921. The treaty ended the three-year Irish War of Independence between th ...
, 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
Cumann na nGaedheal (; "Society of the Gaels") was a political party in the Irish Free State, which formed the government from 1923 to 1932. In 1933 it merged with smaller groups to form the Fine Gael party.
Origins
In 1922 the pro-Treaty G ...
government.
1933 to 1945
![Bundesarchiv Bild 183-R97782, Berlin, Wahlwerbung der NSDAP in](https://upload.wikimedia.org/wikipedia/commons/5/53/Bundesarchiv_Bild_183-R97782%2C_Berlin%2C_Wahlwerbung_der_NSDAP_in.jpg)
Siemens (at the time:
Siemens-Schuckert
Siemens-Schuckert (or Siemens-Schuckertwerke) was a German electrical engineering company headquartered in Berlin, Erlangen and Nuremberg that was incorporated into the Siemens AG in 1966.
Siemens Schuckert was founded in 1903 when Siemens & Ha ...
) exploited the forced labour of deported people in
extermination camps
Nazi Germany used six extermination camps (german: Vernichtungslager), also called death camps (), or killing centers (), in Central Europe during World War II to systematically murder over 2.7 million peoplemostly Jewsin the Holocaust. The v ...
. The company owned a plant in
Auschwitz concentration camp
Auschwitz concentration camp ( (); also or ) was a complex of over 40 concentration and extermination camps operated by Nazi Germany in occupied Poland (in a portion annexed into Germany in 1939) during World War II and the Holocaust. It con ...
.
![Plan du camp de Ravensbrück](https://upload.wikimedia.org/wikipedia/commons/d/d4/Plan_du_camp_de_Ravensbr%C3%BCck.jpg)
Siemens exploited the forced labour of women in the
concentration camp of Ravensbrück. The factory was located in front of the camp.
During the final years of
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...
, numerous plants and factories in Berlin and other major cities were destroyed by Allied air raids. To prevent further losses, manufacturing was therefore moved to alternative places and regions not affected by the air war. The goal was to secure continued production of important war-related and everyday goods. According to records, Siemens was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in early 1945.
In 1972, Siemens sued German satirist F.C. Delius for his satirical history of the company, ''Unsere Siemens-Welt'', and it was determined much of the book contained false claims although the trial itself publicized Siemens' history in Nazi Germany. The company supplied electrical parts to
Nazi concentration camps
From 1933 to 1945, Nazi Germany operated more than a thousand concentration camps, (officially) or (more commonly). The Nazi concentration camps are distinguished from other types of Nazi camps such as forced-labor camps, as well as concen ...
and
death camps
Nazi Germany used six extermination camps (german: Vernichtungslager), also called death camps (), or killing centers (), in Central Europe during World War II to systematically murder over 2.7 million peoplemostly Jewsin the Holocaust. The v ...
. 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.
1945 to 2001
In the 1950s, and from their new base in
Bavaria
Bavaria ( ; ), officially the Free State of Bavaria (german: Freistaat Bayern, link=no ), is a state in the south-east of Germany. With an area of , Bavaria is the largest German state by land area, comprising roughly a fifth of the total lan ...
, S&H started to manufacture
computer
A computer is a machine that can be programmed to Execution (computing), carry out sequences of arithmetic or logical operations (computation) automatically. Modern digital electronic computers can perform generic sets of operations known as C ...
s,
semiconductor device
A semiconductor device is an electronic component that relies on the electronic properties of a semiconductor material (primarily silicon, germanium, and gallium arsenide, as well as organic semiconductors) for its function. Its conductivity li ...
s,
washing machines
A washing machine (laundry machine, clothes washer, washer, or simply wash) is a home appliance used to wash laundry. The term is mostly applied to machines that use water as opposed to dry cleaning (which uses alternative cleaning fluids and i ...
, and
pacemakers
An artificial cardiac pacemaker (or artificial pacemaker, so as not to be confused with the natural cardiac pacemaker) or pacemaker is a Implant (medicine), medical device that generates electrical impulses delivered by electrodes to the Heart ...
. In 1966,
Siemens & Halske
Siemens & Halske AG (or Siemens-Halske) was a German electrical engineering company that later became part of Siemens.
It was founded on 12 October 1847 as ''Telegraphen-Bauanstalt von Siemens & Halske'' by Werner von Siemens and Johann Geo ...
(S&H, founded in 1847),
Siemens-Schuckert
Siemens-Schuckert (or Siemens-Schuckertwerke) was a German electrical engineering company headquartered in Berlin, Erlangen and Nuremberg that was incorporated into the Siemens AG in 1966.
Siemens Schuckert was founded in 1903 when Siemens & Ha ...
werke (SSW, founded in 1903) and
Siemens-Reiniger-Werke
Siemens Communications was the Telecommunication, communications and information business arm of Germany, German industrial Conglomerate (company), conglomerate Siemens AG, until 2006. It was the largest division of Siemens, and had two business u ...
(SRW, founded in 1932) merged to form Siemens AG. In 1969, Siemens formed Kraftwerk Union with
AEG
Allgemeine Elektricitäts-Gesellschaft AG (AEG; ) was a German producer of electrical equipment founded in Berlin as the ''Deutsche Edison-Gesellschaft für angewandte Elektricität'' in 1883 by Emil Rathenau. During the Second World War, AEG ...
by pooling their nuclear power businesses.
![Siemens-electron-microscope](https://upload.wikimedia.org/wikipedia/commons/b/b0/Siemens-electron-microscope.jpg)
The company's first digital telephone exchange was produced in 1980, and in 1988, Siemens and
GEC acquired the UK defence and technology company
Plessey
The Plessey Company plc was a British electronics, defence and telecommunications company. It originated in 1917, growing and diversifying into electronics. It expanded after World War II by acquisition of companies and formed overseas compani ...
. Plessey's holdings were split, and Siemens took over the
avionics
Avionics (a blend word, blend of ''aviation'' and ''electronics'') are the Electronics, electronic systems used on aircraft. Avionic systems include communications, Air navigation, navigation, the display and management of multiple systems, ...
,
radar
Radar is a detection system that uses radio waves to determine the distance (''ranging''), angle, and radial velocity of objects relative to the site. It can be used to detect aircraft, ships, spacecraft, guided missiles, motor vehicles, w ...
and traffic control businesses—as
Siemens Plessey
Siemens Plessey was the name given to the Plessey assets acquired by Siemens in 1989. Today most of these units are part of BAE Systems while some units are now part of EADS.
History
Background : before 1989
The history of the evolution of Sieme ...
.
In 1977,
Advanced Micro Devices
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. While it initially manufact ...
(AMD) entered into a joint venture with Siemens, which wanted to enhance its technology expertise and enter the American market.
[Malerba, Franco]
''The Semiconductor Business: The Economics of Rapid Growth and Decline''
University of Wisconsin Press, 1985. p. 166. Siemens purchased 20% of AMD's stock, giving the company an infusion of cash to increase its product lines.
The two companies also jointly established
Advanced Micro Computers
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. While it initially manufact ...
(AMC), located in Silicon Valley and in Germany, allowing AMD to enter the
microcomputer
A microcomputer is a small, relatively inexpensive computer having a central processing unit (CPU) made out of a microprocessor. The computer also includes memory and input/output (I/O) circuitry together mounted on a printed circuit board (PC ...
development and manufacturing field,
[Rodengen, p. 60.] in particular based on AMD's second-source
Zilog
Zilog, Inc. is an American manufacturer of microprocessors and 8-bit and 16-bit microcontrollers. It is also a supplier of application-specific embedded system-on-chip (SoC) products.
Its most famous product is the Z80 series of 8-bit microp ...
Z8000 microprocessors.
When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens' stake in the American division in 1979. AMD closed Advanced Micro Computers in late 1981 after switching focus to manufacturing second-source Intel x86 microprocessors.
[Freiberger, Paul]
"AMD sued for alleged misuse of subsidiary's secrets"
''InfoWorld
''InfoWorld'' (abbreviated IW) is an information technology media business. Founded in 1978, it began as a monthly magazine. In 2007, it transitioned to a web-only publication. Its parent company today is International Data Group, and its siste ...
''. 20 June 1983. p. 28.[Swaine, Michael]
"Eight Companies to produce the 8086 chip"
''InfoWorld
''InfoWorld'' (abbreviated IW) is an information technology media business. Founded in 1978, it began as a monthly magazine. In 2007, it transitioned to a web-only publication. Its parent company today is International Data Group, and its siste ...
''. 30 November 1981. p. 78.
In 1985, Siemens bought
Allis-Chalmers
Allis-Chalmers was a U.S. manufacturer of machinery for various industries. Its business lines included agricultural equipment, construction equipment, power generation and power transmission equipment, and machinery for use in industrial setti ...
' interest in the partnership company
Siemens-Allis (formed 1978) which supplied electrical control equipment. It was incorporated into Siemens' Energy and Automation division.
In 1987, Siemens reintegrated Kraftwerk Union, the unit overseeing nuclear power business.
[
In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing plants, from industry pioneer ARCO Solar, owned by oil firm ]ARCO
ARCO ( ) is a brand of gasoline stations currently owned by Marathon Petroleum after BP sold its rights. BP commercializes the brand in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States an ...
.
In 1991, Siemens acquired Nixdorf Computer AG
Nixdorf Computer AG was a West German 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 syste ...
and renamed it Siemens Nixdorf Informationssysteme
Siemens Nixdorf Informationssysteme, AG (SNI) was formed in 1990 by the merger of Nixdorf Computer and the Data Information Services (DIS) division of Siemens.
It functioned as a separate company within Siemens.
It was the largest information ...
AG, in order to produce personal computer
A personal computer (PC) is a multi-purpose microcomputer whose size, capabilities, and price make it feasible for individual use. Personal computers are intended to be operated directly by an end user, rather than by a computer expert or tec ...
s.
In October 1991, Siemens acquired the Industrial Systems Division of Texas Instruments
Texas Instruments Incorporated (TI) is an American technology company headquartered in Dallas, Texas, that designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globall ...
, Inc, based in Johnson City, Tennessee
Johnson City is a city in Washington, Carter, and Sullivan counties in the U.S. state of Tennessee, mostly in Washington County. As of the 2020 United States census, the population was 71,046, making it the eighth largest city in Tennessee. John ...
. This division was organized as Siemens Industrial Automation, Inc., and was later absorbed by Siemens Energy and Automation, Inc.
In 1992, Siemens bought out IBM's half of ROLM (Siemens had bought into ROLM five years earlier), thus creating SiemensROLM Communications; eventually dropping ROLM from the name later in the 1990s.
In 1993–1994, Siemens C651
The Siemens C651 is the second generation electric multiple unit rolling stock in operation on the North South and East West lines of Singapore's Mass Rapid Transit (MRT) system, manufactured by Siemens (SIE) under Contract 651. A total of 11 ...
electric trains for Singapore's Mass Rapid Transit (MRT) system were built in Austria.
In 1997, Siemens agreed to sell the defence arm of Siemens Plessey
Siemens Plessey was the name given to the Plessey assets acquired by Siemens in 1989. Today most of these units are part of BAE Systems while some units are now part of EADS.
History
Background : before 1989
The history of the evolution of Sieme ...
to British Aerospace
British Aerospace plc (BAe) was a British aircraft, munitions and defence-systems manufacturer. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire. Formed in 1977, in 1999 it purchased Marconi ...
(BAe) and a German aerospace company, DaimlerChrysler Aerospace
''Dasa'' ( sa, दास, Dāsa) is a Sanskrit word found in ancient Indian texts such as the ''Rigveda'' and ''Arthasastra''. It usually means "enemy" or "servant" but ''dasa'', or ''das'', also means a " servant of God", "devotee," " votary" or ...
. BAe and DASA acquired the British and German divisions of the operation respectively.
In October 1997, Siemens Financial Services
Siemens Financial Services (SFS) is a Division of Siemens. The company’s global headquarters is in Munich, Germany. SFS offers international financing solutions in the business-to-business area. Financial Services serves Siemens as well as other ...
(SFS) was founded to act as a competence center for financing issues and as a manager of financial risks within Siemens.
In 1998, Siemens acquired Westinghouse Power Generation for more than $1.5 billion from the CBS Corporation
The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, and t ...
and moving Siemens from third to second in the world power generation market.
In 1999, Siemens' semiconductor operations were spun off into a new company called Infineon Technologies
Infineon Technologies AG is a German semiconductor manufacturer founded in 1999, when the semiconductor operations of the former parent company Siemens AG were spun off. Infineon has about 50,280 employees and is one of the ten largest semicond ...
. Its Electromechanical Components operations were converted into a legally independent company: Siemens Electromechanical Components GmbH & Co. KG, (which, later that year, was sold to Tyco International Ltd
Tyco International plc was a security systems company incorporated in the Republic of Ireland, with operational headquarters in Princeton, New Jersey, United States (Tyco International (US) Inc.). Tyco International was composed of two major bu ...
for approximately $1.1 billion.
In the same year, Siemens Nixdorf Informationssysteme AG became part of Fujitsu Siemens Computers
Fujitsu Siemens Computers GmbH was a Japanese and German vendor of information technology. The company was founded in 1999 as a 50/50 joint venture between Fujitsu Limited of Japan and Siemens of Germany. On April 1, 2009, the company became F ...
AG, with its retail banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...
technology group becoming Wincor Nixdorf
Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such a ...
.
In 2000, Shared Medical Systems Corporation was acquired by the Siemens' Medical Engineering Group, eventually becoming part of Siemens Medical Solutions
Siemens Healthineers AG (formerly Siemens Healthcare, Siemens Medical Solutions, Siemens Medical Systems) is a German medical device company. It is the parent company for several medical technology companies and is headquartered in Erlangen, Germ ...
.
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 into Siemens Production and Logistics forming Siemens Dematic AG, ''Mannesmann Demag Delaval'' merged into the Power Generation division of Siemens AG. Other parts of the company were acquired by Robert Bosch GmbH
Robert Bosch GmbH (; ), commonly known as Bosch and stylized as BOSCH, is a German multinational engineering and technology company headquartered in Gerlingen, Germany. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 9 ...
at the same time. Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens Energy & Automation, Inc.
2001 to 2005
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
Framatome () is a French nuclear reactor business. It is owned by Électricité de France (EDF) (75.5%), Mitsubishi Heavy Industries (19.5%), and Assystem (5%).
The company first formed in 1958 to license Westinghouse's pressurized water react ...
with Areva SA
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atom ...
of France by merging much of the companies' nuclear businesses.[
In 2002, Siemens sold some of its business activities to Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering business included in the sale package.
In 2002, Siemens abandoned the solar photovoltaic industry by selling its participation in a joint-venture company, established in 2001 with ]Shell
Shell may refer to:
Architecture and design
* Shell (structure), a thin structure
** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses
** Thin-shell structure
Science Biology
* Seashell, a hard o ...
and E.ON, to Shell.
In 2003, Siemens acquired the flow division of Danfoss
Danfoss is a Danish multinational company, based in Denmark, with more than 40,043 employees globally. Danfoss was founded in 1933 by engineer Mads Clausen.
History Beginning (1933–1966)
In 1933 Mads Clausen (1905–1966) founded ''Dansk ...
and incorporated it into the Automation and Drives division. Also in 2003 Siemens acquired IndX software (realtime data organisation and presentation). The same year in an unrelated development Siemens reopened its office in Kabul
Kabul (; ps, , ; , ) is the capital and largest city of Afghanistan. Located in the eastern half of the country, it is also a municipality, forming part of the Kabul Province; it is administratively divided into 22 municipal districts. Acco ...
. 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 2003, Siemens planned to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as spring -summer and autumn-winter collections. 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
Brande is a railway town with a population of 7,449 (1 January 2022)[Siemens Wind Power
Siemens AG ( ) is a German Multinational corporation, multinational Conglomerate (company), conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad.
The principal ...](_blank)
division. Also in 2004 Siemens invested in Dasan Networks (South Korea, broadband network equipment) acquiring ~40% of the shares, Nokia Siemens
Nokia Networks (formerly Nokia Solutions and Networks (NSN) and Nokia Siemens Networks (NSN)) is a multinational data networking and telecommunications equipment company headquartered in Espoo, Finland, and wholly owned subsidiary of Nokia Cor ...
disinvested itself of the shares in 2008. The same year Siemens acquired Photo-Scan (UK, CCTV
Closed-circuit television (CCTV), also known as video surveillance, is the use of video cameras to transmit a signal to a specific place, on a limited set of monitors. It differs from broadcast television in that the signal is not openly t ...
systems), US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from Veolia
Veolia Environnement S.A., branded as Veolia, is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management and energy services. It pr ...
), Hunstville Electronics Corporation (automobile electronics, acquired from Chrysler
Stellantis North America (officially FCA US and formerly Chrysler ()) is one of the " Big Three" automobile manufacturers in the United States, headquartered in Auburn Hills, Michigan. It is the American subsidiary of the multinational automoti ...
), and Chantry Networks (WLAN
A wireless LAN (WLAN) is a wireless computer network that links two or more devices using wireless communication to form a local area network (LAN) within a limited area such as a home, school, computer laboratory, campus, or office building ...
equipment).
In 2005, Siemens sold the Siemens mobile
Siemens Mobile was a German mobile phone manufacturer and a division of Siemens AG. Siemens sold Siemens Mobile to the Taiwan-based BenQ in 2005, subsequently becoming BenQ-Siemens and succeeded by Gigaset. The last Siemens-branded mobile phones, ...
manufacturing business to BenQ
BenQ Corporation (; ) is a Taiwanese multinational company that sells and markets technology products, consumer electronics, computing and communications devices under the "BenQ" brand name, which stands for the company slogan ''Bringing Enj ...
, forming the BenQ-Siemens
BenQ Mobile GmbH & Co. OHG was the mobile communications subsidiary of Taiwanese BenQ Corporation, selling products under the BenQ-Siemens brand. The group, based in Munich, Germany, was formed out of BenQ's acquisition of the then struggli ...
division. Also in 2005 Siemens acquired 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
Schenectady () is a city in Schenectady County, New York, United States, of which it is the county seat. As of the 2020 census, the city's population of 67,047 made it the state's ninth-largest city by population. The city is in eastern New Y ...
, USA, energy industry software and training), CTI Molecular Imaging (Positron emission tomography
Positron emission tomography (PET) is a functional imaging technique that uses radioactive substances known as radiotracers to visualize and measure changes in Metabolism, metabolic processes, and in other physiological activities including bl ...
and molecular imaging
Molecular imaging is a field of medical imaging that focuses on imaging molecules of medical interest within living patients. This is in contrast to conventional methods for obtaining molecular information from preserved tissue samples, such as h ...
systems), Myrio (IPTV
Internet Protocol television (IPTV) is the delivery of television content over Internet Protocol (IP) networks. This is in contrast to delivery through traditional terrestrial, satellite, and cable television formats. Unlike downloaded media, ...
systems), Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from Shaw Group
The Shaw Group is a pipe and module fabrication firm specializing in induction bending.
Headquartered in Houston, Texas, Shaw employs approximately 700 people across its offices and operations in North America and the Middle East.
History
Sha ...
), and Transmitton (Ashby de la Zouch
Ashby-de-la-Zouch, sometimes spelt Ashby de la Zouch () and shortened locally to Ashby, is a market town and civil parish in the North West Leicestershire district of Leicestershire, England. The town is near to the Derbyshire and Staffordshire ...
UK, rail and other industry control and asset management).
2005 and continuing: worldwide bribery scandal
Beginning in 2005, Siemens became embroiled in a multi-national bribery scandal. One component of this scandal was the Siemens Greek bribery scandal over deals between Siemens and Greek government officials during the 2004 Summer Olympic Games
The 2004 Summer Olympics ( el, Θερινοί Ολυμπιακοί Αγώνες 2004, ), officially the Games of the XXVIII Olympiad ( el, Αγώνες της 28ης Ολυμπιάδας, ) and also known as Athens 2004 ( el, Αθήνα 2004), ...
. Siemens' activities came under legal scrutiny when complaints from prosecutors in Italy, Liechtenstein and Switzerland led to German authorities opening investigations, followed by a US investigation in 2006 concerning their activities while listed on US stock exchanges. The investigators found that bribing officials to win contracts was standard operating procedure
A standard operating procedure (SOP) is a set of step-by-step instructions compiled by an organization to help workers carry out routine operations. SOPs aim to achieve efficiency, quality output, and uniformity of performance, while reducing misc ...
. Over that time period the company paid around $1.3 billion in bribes in many countries and kept separate books to hide them. Settlement negotiations took place through most of 2008 with settlement terms announced in December 2008. The company paid a total of about $1.6 billion, around $800 million to the US and Germany each. This was the largest bribery fine in history, at the time. The company was also obligated to spend $1 billion on setting up and funding new internal compliance regimens. Siemens pleaded guilty to violating accounting provisions of the Foreign Corrupt Practices Act
The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.
The FCPA is applicable world ...
; the parent company did not plead guilty to paying bribes (although its Bangladesh and Venezuela subsidiaries did).
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
Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. A Democrat from Illinois, Obama took office following a decisive victory over Republican ...
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 compliance regimens.][ Siemens pleaded guilty to violating accounting provisions of the ]Foreign Corrupt Practices Act
The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.
The FCPA is applicable world ...
; the parent company did not plead guilty to paying bribes (although its Bangladesh and Venezuela subsidiaries did[); such a guilty plea would have barred Siemens from contracting for the US government.][ As the scandal had started breaking, Siemens had fired its chairman and CEO ]Heinrich von Pierer
Heinrich von Pierer (exactly ''Heinrich Karl Friedrich Eduard Pierer von Esch'') (born 26 January 1941 in Erlangen) is a German manager. From 1992 to 2005, he was CEO of Siemens AG. Subsequently, he was chairman of the supervisory board from whic ...
, and had hired its first non-German CEO, Peter Löscher; it also had appointed a US lawyer, Peter Solmssen as an independent director
An independent director (also sometimes known as an outside director) is a member of a board of directors who does not have a material or pecuniary relationship with company or related persons, except sitting fees. In the United States, indepen ...
to its board, in charge of compliance, and had accepted oversight of Theo Waigel
Theodor Waigel (born 22 April 1939) is a German politician of the Christian Social Union in Bavaria (CSU). He represented Neu-Ulm in the Bundestag from 1976 to 2002.
Waigel is a lawyer, and earned a doctorate in 1967. He was a member of the Bu ...
, 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 Siemens and ]Vickers
Vickers was a British engineering company that existed from 1828 until 1999. It was formed in Sheffield as a steel foundry by Edward Vickers and his father-in-law, and soon became famous for casting church bells. The company went public in 18 ...
to Japanese naval authorities to win shipbuilding contracts.
The culture of bribery developed further within Siemens after World War II as it 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
The OECD Anti-Bribery Convention (officially Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) is an anti-corruption convention of the OECD that requires signatory countries to criminalize brib ...
came into effect, to which Germany was a party, and Siemens started to use off-shore accounts and other means of hiding its bribery.
As the investigation opened a midlevel executive in the telecommunications unit, Reinhard Siekaczek, was identified as a key player; Siekaczek quit Siemens in 2005 after the company required him to sign a document saying he had followed law and company policy, and turned state's evidence and led investigators to documents he had saved and to other documents. He had controlled an annual global bribery budget of $40 to $50 million. The usual method of bribery was to pay a local insider as a "contractor" who would in turn pass money to government officials; as part of the settlement Siemens disclosed that it had 2,700 such contractors worldwide. Bribes were generally around 5% of a contract's value but in very corrupt countries they could be as high as 40%. It paid the highest bribes in Argentina, Israel, Venezuela, China, Nigeria, and Russia.[
Examples of bribery the investigation found included:][
* $40 million in bribes in Argentina to win a $1 billion contract to make national identity cards.
* $20 million in Israel for a contract to build power plants
* $16 million in Venezuela for urban rail lines.
* $14 million In China for medical equipment
* $12.7 million in payments in Nigeria
* $5 million in Bangladesh for mobile phones
* $1.7 million in Iraq to Saddam Hussein and others.
The investigation led directly to several prosecutions while it was unfolding, and led to settlements with other governments and prosecution of Siemens employees and bribe recipients in various countries.
In May 2007 a German court convicted two former executives of paying about €6 million in bribes from 1999 to 2002 to help Siemens win ]natural gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...
turbine
A turbine ( or ) (from the Greek , ''tyrbē'', or Latin ''turbo'', meaning vortex) is a rotary mechanical device that extracts energy from a fluid flow and converts it into useful work. The work produced by a turbine can be used for generating e ...
supply contracts with Enel
Enel S.p.A. is an Italian Multinational corporation, multinational manufacturer and distributor of electricity and gas. Enel, which originally stood for Ente nazionale per l'energia elettrica (National Electricity Board), was first established ...
, 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
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...
-funded mass transit project in Moscow by agreeing to not bid on World Bank projects for two years, not allowing the Russian affiliate to do any World Bank funded work for four years, and setting up a $100 million fund at the World Bank to fund anti-corruption activities over 15 years, over which the World Bank had veto and audit rights; this fund became the "Siemens Integrity Initiative". 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
In 2006, Siemens purchased 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), and also in 2006 Siemens acquired Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control, and VistaScape Security Systems.
In January 2007, Siemens was fined €396 million by the European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
for price fixing
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given ...
in EU electricity markets through a cartel
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Mos ...
involving 11 companies, including ABB
ABB Ltd. is a Swedish- Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to crea ...
, Alstom
Alstom SA is a French multinational rolling stock manufacturer operating worldwide in rail transport markets, active in the fields of passenger transportation, signalling, and locomotives, with products including the AGV, TGV, Eurostar, Avelia ...
, Fuji Electric
, operating under the brand name FE, is a Japanese electrical equipment company, manufacturing pressure transmitters, flowmeters, gas analyzers, controllers, inverters, pumps, generators, ICs, motors, and power equipment.
History
Fuji Electric ...
, Hitachi Japan
() is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Nissan ''zaibatsu'' and later DKB Group and Fuyo Gr ...
, AE Power Systems, Mitsubishi Electric Corp, Schneider, Areva
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atom ...
, Toshiba
, commonly known as Toshiba and stylized as TOSHIBA, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. Its diversified products and services include power, industrial and social infrastructure system ...
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 activity.
]
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 (; IGM; German: ''Industriegewerkschaft Metall'', "Industrial Union of Metalworkers'") is the dominant metalworkers' union in Germany, making it the country's largest union as well as Europe's largest industrial union. Analysts of Ger ...
. 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
Nokia Corporation (natively Nokia Oyj, referred to as Nokia) is a Finnish multinational corporation, multinational telecommunications industry, telecommunications, technology company, information technology, and consumer electronics corporatio ...
's Network Business Group in a 50/50 joint venture, creating a fixed and mobile network company called Nokia Siemens Networks
Nokia Networks (formerly Nokia Solutions and Networks (NSN) and Nokia Siemens Networks (NSN)) is a multinational data networking and telecommunications equipment company headquartered in Espoo, Finland, and wholly owned subsidiary of Nokia Corp ...
. Nokia delayed the merger due to bribery investigations against Siemens.International Herald Tribune
The ''International Herald Tribune'' (''IHT'') was a daily English-language newspaper published in Paris, France for international English-speaking readers. It had the aim of becoming "the world's first global newspaper" and could fairly be said ...
''Bribery trial deepens Siemens woes''
, 13 March 2007 In October 2007, a court in Munich found that the company had bribed public officials in Libya, Russia, and Nigeria in return for the awarding of contracts; four former Nigerian Ministers of Communications were among those named as recipients of the payments. The company admitted to having paid the bribes and agreed to pay a fine of 201 million euros. In December 2007, the Nigerian government cancelled a contract with Siemens due to the bribery findings.
Also in 2007, Siemens acquired Vai Ingdesi Automation (Argentina, Industrial Automation), UGS Corp.
UGS was a computer software company headquartered in Plano, Texas, specializing in 3D & 2D Product Lifecycle Management (PLM) software. Its operations were amalgamated into the Siemens Digital Industries Software business unit of Siemens Indust ...
, Dade Behring, Sidelco (Quebec
Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...
, Canada), S/D Engineers Inc., and Gesellschaft für Systemforschung und Dienstleistungen im Gesundheitswesen mbH (GSD) (Germany).
In July 2008, Siemens AG formed a joint venture of the Enterprise Communications business with the Gores Group
The Gores Group is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores.
Headquartered in Los Angeles, California, with an offic ...
, renamed Unify in 2013. 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
Arava, Aravah or Arabah may refer to:
Places
* Arava, Estonia, a village in Anija Commune, Harju County, Estonia
*Arava(h) (Hebrew) or Arabah (Arabic), a section of the Great Rift Valley between the Dead Sea and the Gulf of Aqaba in Israel and Jor ...
. In a press release published that month, Peter Löscher
Peter Löscher (born 17 September 1957 in Villach, Austria) is an Austrian manager who was the CEO of Siemens from 2007 until 2013. As of 2017, Löscher remains as the only CEO to be hired from outside the conglomerate in the 170-year history o ...
, President and CEO of Siemens AG said: "This investment is another consequential step in further strengthening our green and sustainable technologies". Siemens now holds a 40% stake in the company.
In January 2009, Siemens sold its 34% stake in Framatome, complaining limited managerial influence. In March, it formed an alliance with Rosatom
Rosatom, ( rus, Росатом, p=rɐsˈatəm}) also known as Rosatom State Nuclear Energy Corporation, the State Atomic Energy Corporation Rosatom or Rosatom State Corporation, is a Russian state corporation headquartered in Moscow that speciali ...
of Russia to engage in nuclear-power activities.[
In April 2009, ]Fujitsu Siemens Computers
Fujitsu Siemens Computers GmbH was a Japanese and German vendor of information technology. The company was founded in 1999 as a 50/50 joint venture between Fujitsu Limited of Japan and Siemens of Germany. On April 1, 2009, the company became F ...
became Fujitsu Technology Solutions
Fujitsu Technology Solutions is a European information technology vendor with a presence in markets in Europe, the Middle East, Africa, as well as India. A subsidiary of Fujitsu Limited headquartered in Tokyo, Japan, FTS was founded in 2009 after ...
as a result of Fujitsu buying out Siemens' share of the company.
In June 2009 news broke that Nokia Siemens
Nokia Networks (formerly Nokia Solutions and Networks (NSN) and Nokia Siemens Networks (NSN)) is a multinational data networking and telecommunications equipment company headquartered in Espoo, Finland, and wholly owned subsidiary of Nokia Cor ...
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
After incumbent president Mahmoud Ahmadinejad declared victory in the 2009 Iranian presidential election, protests broke out in major cities across Iran in support of opposition candidates Mir-Hossein Mousavi and Mehdi Karroubi. The protests con ...
, leading to criticism of the company, including by the European Parliament
The European Parliament (EP) is one of the legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts ...
. Nokia Siemens later divested its call monitoring business, and reduced its activities in Iran.
In October 2009, Siemens signed a $418 million contract to buy Solel Solar Systems, an Israeli company in the solar thermal power business.[ Retrieved 4 May 2011.]
In December 2010, Siemens agreed to sell its IT Solutions and Services subsidiary for €850 million to Atos
Atos is a European multinational information technology (IT) service and consulting company headquartered in Bezons, France and offices worldwide. It specialises in hi-tech transactional services, unified communications, cloud, big data and ...
. 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
Osram Licht AG is a German company that makes electric lights, headquartered in Munich and Premstätten (Austria). Osram positions itself as a high-tech photonics company that is increasingly focusing on sensor technology, visualization and tre ...
on the stock market in the autumn, but CEO Peter Löscher said Siemens intended to retain a long-term interest in the company, which was already independent from the technological and managerial viewpoints.
In September 2011, Siemens, which had been responsible for constructing all 17 of Germany's existing nuclear power plants, announced that it would exit the nuclear sector following the Fukushima disaster and the subsequent changes to German energy policy. Chief executive Peter Löscher has supported the German government's planned ''Energiewende
The ''Energiewende'' (; ) is the ongoing transition by Germany to a low carbon, environmentally sound, reliable, and affordable energy supply. The new system intends to rely heavily on renewable energy (particularly wind, photovoltaics, and ...
'', 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 Invensys for £1.7 billion. In the same month, Siemens acquired a privately held company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...
, LMS International NV.
In August 2013, Nokia acquired 100% of the company Nokia Siemens Networks, with a buy-out of Siemens AG, ending Siemens role in telecommunication.
In August 2013, Siemens won a $966.8 million order for power plant components from oil firm Saudi Aramco
Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of ...
, the largest bid it has ever received from the Saudi company.
In 2014, Siemens announced plans to build a $264 million facility for making offshore wind turbines in Paull, England, as Britain's wind power rapidly expands. Siemens chose the Hull area on the east coast of England because it is close to other large offshore projects planned in coming years. The new plant is expected to begin producing turbine rotor blades in 2016. The plant and the associated service center, in Green Port Hull
The Port of Hull is a port at the confluence of the River Hull and the Humber Estuary in Kingston upon Hull, in the East Riding of Yorkshire, England.
Seaborne trade at the port can be traced to at least the 13th century, originally cond ...
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.
In May 2014, Rolls-Royce
Rolls-Royce (always hyphenated) may refer to:
* Rolls-Royce Limited, a British manufacturer of cars and later aero engines, founded in 1906, now defunct
Automobiles
* Rolls-Royce Motor Cars, the current car manufacturing company incorporated in ...
agreed to sell its gas turbine and compressor energy business to Siemens for £1 billion.
In June 2014, Siemens and Mitsubishi Heavy Industries
is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Mo ...
announced their formation of joint ventures to bid for Alstom
Alstom SA is a French multinational rolling stock manufacturer operating worldwide in rail transport markets, active in the fields of passenger transportation, signalling, and locomotives, with products including the AGV, TGV, Eurostar, Avelia ...
's troubled energy and transportation businesses (in locomotives, steam turbines, and aircraft engines). A rival bid by General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...
(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.
In 2015, Siemens acquired U.S. oilfield equipment maker Dresser-Rand Group
Dresser-Rand is an American engineering and manufacturing company owned by Siemens Energy. The company designs, manufactures, and services equipment used in the extraction of petroleum and natural gas. The company was formed in 1986 as a joint v ...
Inc for $7.6 billion.
In November 2016, Siemens acquired EDA EDA or Eda may refer to:
Computing
* Electronic design automation
* Enterprise Desktop Alliance, a computer technology consortium
* Enterprise digital assistant
* Estimation of distribution algorithm
* Event-driven architecture
* Exploratory ...
company Mentor Graphics
Siemens EDA is a US-based electronic design automation (EDA) multinational corporation for electrical engineering and electronics, headquartered in Wilsonville, Oregon. Founded in 1981 as Mentor Graphics, the company was acquired by Siemens in ...
for $4.5 billion.
In November 2017, the U.S. Department of Justice
A justice ministry, ministry of justice, or department of justice is a ministry or other government agency in charge of the administration of justice. The ministry or department is often headed by a minister of justice (minister for justice in a ...
charged three Chinese employees of Guangzhou Bo Yu Information Technology Company Limited with hacking into corporate entities, including Siemens AG.
In December 2017, Siemens acquired the medical technology company Fast Track Diagnostics
Fast or FAST may refer to:
* Fast (noun), high speed or velocity
* Fast (noun, verb), to practice fasting, abstaining from food and/or water for a certain period of time
Acronyms and coded Computing and software
* ''Faceted Application of Subje ...
for an undisclosed amount.
In August 2018, Siemens acquired rapid application development
Rapid application development (RAD), also called rapid application building (RAB), is both a general term for adaptive software development approaches, and the name for James Martin's method of rapid development. In general, RAD approaches to ...
company Mendix for €0.6 billion in cash.
In May 2018, Siemens acquired J2 Innovations for an undisclosed amount.
In May 2018, Siemens acquired Enlighted, Inc. for an undisclosed amount.
In September 2019, Siemens and Orascom Construction signed an agreement with the Iraqi government to rebuild two power plants, which is believed to setup the company for future deals in the country.
In 2019–2020, Siemens was identified as a key engineering company supporting the controversial Adani Carmichael coal mine
The Carmichael coal mine is a coal mine in Queensland, Australia which produced its first shipment of coal in December 2021.
The mine has drawn criticism for its environmental impacts on the Great Barrier Reef, water usage and carbon emissions ...
in Queensland (Australia)
)
, nickname = Sunshine State
, image_map = Queensland in Australia.svg
, map_caption = Location of Queensland in Australia
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, establishe ...
.
In January 2020, Siemens signed an agreement to acquire 99% equity share capital of Indian switchgear manufacturer C&S Electric at €267 million (₹2,100 crore). The takeover was approved by the Competition Commission of India
The Competition Commission of India (CCI) is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act, 2002 to promote competition ...
in August 2020.
In April 2020, Siemens acquired a 77% majority stake in Indian building solution provider iMetrex Technologies for an undisclosed sum.
In April 2020, Siemens Energy was created as an independent company out of the energy division of Siemens. The trading of shares of the new Siemens Energy AG on the stock exchange is expected to be possible from 28 September onwards.
In August 2020, Siemens Healthineers AG announced that it plans to acquire U.S. cancer device and software company Varian Medical Systems
Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions wi ...
in an all-stock deal valued at $16.4 billion.
In October 2021, Siemens acquired the building IoT software and hardware company Wattsense for an undisclosed sum.
In May 2022, Siemens decided to drop Russian operations and everything regarding the conglomerate on the Russian state amid the ongoing war of aggression against Ukraine since February 24. In July 2022, Siemens acquired ZONA Technology, specialist in aerospace simulation firm.
Products, services and contribution
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 products.][
In the renewable energy industry, the company provides a portfolio of products and services to help build and operate microgrids of any size. It provides generation and distribution of electrical energy as well as monitoring and controlling of microgrids.] By using primarily renewable energy, microgrids reduce carbon-dioxide emissions, which is often required by government regulations. It supplied a sustainable storage product and microgrids to Enel Produzione SPA for the island of Ventotene in Italy.
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. , Siemens finalized the sale of its hearing-aid (hearing instruments) business to Sivantos
WS Audiology (formerly Sivantos Group and Widex) is a privately-owned manufacturer of hearing aids with headquarters in Denmark and Singapore with roots going back to 1878 and Siemens AG. The current company was created following the 2019 merger ...
.
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.[
]
File:High-voltage in Iraq.jpg, A Siemens high-voltage transformer
File:SPECT CT.JPG, A Siemens SPECT/CT scanner in operation
File:Hannover-Messe 2012 by-RaBoe 098.jpg, A Siemens wind power generator
File:Dampfturbine Laeufer01.jpg, A Siemens steam turbine rotor
File:Lausitzbahn Connex in Weißwasser.JPG, A Siemens train in operation
File:Bangkok Skytrain 03.jpg, Bangkok Skytrain
The Bangkok Mass Transit System, commonly known as the BTS Skytrain ( th, รถไฟฟ้าบีทีเอส '' TS'), is an elevated rapid transit system in Bangkok, Thailand. It is operated by Bangkok Mass Transit System PCL (BTSC), ...
built by Siemens
Operations
Siemens is incorporated in Germany and has its corporate headquarters in Munich. As of 2011, has operations in around 190 countries and approximately 285 production and manufacturing facilities. Siemens had around 360,000 employees as of 30 September 2011.
Research and development
In 2011, Siemens invested a total of €3.925 billion in research and development, equivalent to 5.3% of revenues. As of 30 September 2011, Siemens had approximately 11,800 Germany-based employees engaged in research and development and 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,
Siemens held approximately 53,300 patents worldwide.
File:Siemens Palais.JPG, Siemens' headquarters, Munich (front)
File:Siemens München Martinstr.jpg, Siemens office building in Munich-Giesing
File:Siemensturm 04.jpg, Siemens-Tower in Berlin-Siemensstadt
Siemensstadt () is a locality (''Ortsteil'') of Berlin in the district (''Bezirk'') of Spandau.
History
The locality emerged when the company Siemens & Halske (S & H), one of the predecessors of today's Siemens, bought land in the area, ...
File:Wernerwerk-Hochhaus, Siemensdamm 02.jpg, "Wernerwerk" (Werner's Factory) in Berlin-Siemensstadt
File:SiemensstadtFürstenbrunnerWeg.jpg, Wernerwerk II in Berlin-Siemensstadt
File:Wohlrabedamm - Wernerwerk XV (09085805) Berlin-Siemensstadt 002.jpg, Wernerwerk XV in Berlin-Siemensstadt
File:Erlangen Himbeerpalast 001.JPG, Siemens office building in Erlangen
Erlangen (; East Franconian German, East Franconian: ''Erlang'', Bavarian language, Bavarian: ''Erlanga'') is a Middle Franconian city in Bavaria, Germany. It is the seat of the administrative district Erlangen-Höchstadt (former administrative d ...
File:Erlangen Siemens Glaspalast 002.JPG, Siemens office building in Erlangen
File:Neuperlach-Süd Siemens.jpg, Siemens site in Munich-Perlach
File:SiemensForum.jpg, Siemens Forum Munich
File:Pelham Works - geograph.org.uk - 76691.jpg, Siemens Gas Turbine Factory, formerly Ruston & Hornsby
Ruston & Hornsby was an industrial equipment manufacturer in Lincoln, Lincolnshire, Lincoln, England founded in 1918. The company is best known as a manufacturer of narrow gauge railway, narrow and standard gauge diesel locomotives and also of ...
Pelham Works, Lincoln, England
Lincoln () is a cathedral city, a non-metropolitan district, and the county town of Lincolnshire, England. In the 2021 Census, the Lincoln district had a population of 103,813. The 2011 census gave the Lincoln Urban Area, urban area of Lincoln, ...
Joint ventures
Siemens' current joint ventures include:
* Siemens Traction Equipment Ltd. (STEZ), Zhuzhou
Zhuzhou (, ), formerly Jianning (建宁), is a prefecture-level city of Hunan Province, China, straddling the Xiang River southeast of the provincial capital, Changsha, and bordering Jiangxi province to the east. It is part of the " Greater Chan ...
China, is a joint venture between Siemens, Zhuzhou CSR Times Electric Co., Ltd.
Zhuzhou CRRC Times Electric Co. Ltd., abbreviated as TEC, is a Chinese train manufacturer. It is headquartered in Zhuzhou, Hunan Province. The company is a prominent maker of traction systems for locomotives, electric multiple units and urban t ...
(TEC) and CSR Zhuzhou Electric Locomotive Co., Ltd. (ZELC), which produces AC drive electric locomotives and AC locomotive traction components.
* Primetals Technologies a joint venture between Siemens VAI Metals Technologies
Primetals Technologies Limited, is an engineering and plant construction company headquartered in London, United Kingdom, with numerous locations worldwide. It serves clients in the metals industry, both the ferrous and the nonferrous metals sec ...
and Mitsubishi Hitachi Metals Machinery
Primetals Technologies Limited, is an engineering and plant construction company headquartered in London, United Kingdom, with numerous locations worldwide. It serves clients in the metals industry, both the ferrous and the nonferrous metals sec ...
formed in 2015.
* OMNETRIC Group, A Siemens & Accenture
Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting. A ''Fortune'' Global 500 company, it reported revenues of $61.6 billion in 2022. Accentur ...
company formed in 2014.
Former joint ventures include:
* 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.
Finances
For the fiscal year 2017, Siemens reported earnings of EUR 6.046 billion, with an annual revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...
of €83.049 billion, an increase of 4.3% over the previous fiscal cycle. Siemens' shares traded at over US$58 per share, and its market capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
was valued at US$95.3 billion in November 2018. In November 2019, the company had higher fourth quarter earnings than expected, with adjusted earnings before interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct ...
, tax
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...
es, and amortization
Amortization or amortisation may refer to:
* The process by which loan principal decreases over the life of an amortizing loan
* Amortization (accounting), the expensing of acquisition cost minus the residual value of intangible assets in a system ...
totaling €2.64 billion ($2.92 billion), but warned of a slowdown, especially in the car sector, next year.
* In 2020 Siemens Energy became an independent company
Shareholders
The company has issued 881,000,000 shares of common stock. The largest single shareholder continues to be the founding shareholder, the Siemens family
''Siemens'' is the name of a family of German technology and telecommunications industrialists, founders and to the present day largest shareholders of Siemens AG. The family have a wealth of over €8 billion, making them the 5th richest family in ...
, with a stake of 6.9%. 62% are held by institutional asset manager
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
s, the largest being two divisions of the world's largest asset manager BlackRock
BlackRock, Inc. is an American Multinational corporation, multi-national investment company based in New York City. Founded in 1988, initially as a Enterprise risk management, risk management and fixed income institutional asset manager, BlackR ...
. 83.97% of the shares are considered public float
In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...
, however including such strategic investors as the State of Qatar
Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it sh ...
(DIC Company Ltd.) with 3.04%, the Government Pension Fund of Norway
The Government Pension Fund of Norway ( no, Statens pensjonsfond) comprises two entirely separate sovereign wealth funds owned by the government of Norway.
The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 t ...
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%).
Senior management
Chairmen of the Siemens-Schuckertwerke Managing Board (1903 to 1966)
* Alfred Berliner (1903 to 1912)
* Carl Friedrich von Siemens (1912 to 1919)
* (1919 to 1920)
* (1920 to 1939)
* (1939 to 1945)
* (1945 to 1949)
* (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 (1918 to 1919)
* ]Carl Friedrich von Siemens
Carl Friedrich von Siemens (5 September 1872, in Berlin – 9 September 1941, in Heinendorf, near Potsdam) was a German Entrepreneur and politician. A member of the Siemens family, he became associated with Siemens & Halske AG in 1899, his family ...
(1919 to 1941)
* Hermann von Siemens
Hermann von Siemens (9 August 1885 in Berlin – 13 October 1986 in Munich) was a German industrialist of the Siemens family.
Life
He was the eldest son of Arnold von Siemens who himself was the eldest son of Werner von Siemens, the famous invent ...
(1941 to 1946)
* Friedrich Carl Siemens (1946 to 1948)
* Hermann von Siemens
Hermann von Siemens (9 August 1885 in Berlin – 13 October 1986 in Munich) was a German industrialist of the Siemens family.
Life
He was the eldest son of Arnold von Siemens who himself was the eldest son of Werner von Siemens, the famous invent ...
(1948 to 1956)
* Ernst von Siemens
Ernst Albrecht von Siemens (9 April 1903 in Kingston upon Hull – 31 December 1990 in Starnberg) was a German industrialist.
Life
Siemens was born in England when his father Carl Friedrich von Siemens was director of Siemens Brothers and return ...
(1956 to 1966)
Chairmen of the Siemens AG Managing Board (1966 to present)[
* , , 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
Karlheinz Kaske (April 19, 1928 in Essen – September 27, 1998) was a German manager and CEO of the Siemens AG from 1981 to 1992.
Kaske studied Physics at RWTH Aachen and joined Siemens in 1950, when he became an engineer in the Siemens factory a ...
(1981 to 1992)
* Heinrich von Pierer
Heinrich von Pierer (exactly ''Heinrich Karl Friedrich Eduard Pierer von Esch'') (born 26 January 1941 in Erlangen) is a German manager. From 1992 to 2005, he was CEO of Siemens AG. Subsequently, he was chairman of the supervisory board from whic ...
(1992 to 2005)
* Klaus Kleinfeld
Klaus-Christian Kleinfeld (born 6 November 1957 in Bremen, Germany) is the former chairman and chief executive officer (CEO) of Arconic. Kleinfeld is former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG. Kleinfeld ste ...
(2005 to 2007)
* Peter Löscher
Peter Löscher (born 17 September 1957 in Villach, Austria) is an Austrian manager who was the CEO of Siemens from 2007 until 2013. As of 2017, Löscher remains as the only CEO to be hired from outside the conglomerate in the 170-year history o ...
(2007 to 2013)
* Joe Kaeser (2013 to 2021)
* Roland Busch (2021 to present)
Chairmen of the Siemens AG Supervisory Board (1966 to present)[
* Ernst von Siemens (1966 to 1971)
* Peter von Siemens (1971 to 1981)
* Bernhard Plettner (1981 to 1988)
* Heribald Närger (1988 to 1993)
* Hermann Franz (1993 to 1998)
* Karl-Hermann Baumann (1998 to 2005)
* ]Heinrich von Pierer
Heinrich von Pierer (exactly ''Heinrich Karl Friedrich Eduard Pierer von Esch'') (born 26 January 1941 in Erlangen) is a German manager. From 1992 to 2005, he was CEO of Siemens AG. Subsequently, he was chairman of the supervisory board from whic ...
(2005 to 2007)
* (2007 to 2018)
*Jim Hagemann Snabe
Jim Hagemann Snabe (*October 27, 1965 in Egedal) is a Danish businessman and is currently the Chairman at Siemens and Maersk. Together with Bill McDermott, Snabe was Co-CEO of the German Technology company SAP, before becoming member of the bo ...
(2018 to present)
Managing Board (present day)"Managing Board"
''Siemens Global Website'', Retrieved 17 October 2016.
* Roland Busch (CEO Siemens AG)
*Klaus Helmrich
* Cedrik Neike (CEO Digital Industries)
*Matthias Rebellius (CEO Smart Infrastructure)
* Ralf P. Thomas (CFO
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
)
* Judith Wiese
See also
* Renewable energy commercialization
Renewable energy commercialization involves the deployment of three generations of renewable energy technologies dating back more than 100 years. First-generation technologies, which are already mature and economically competitive, include b ...
References
Further reading
* Shaping the Future. The Siemens Entrepreneurs 1847–2018. Ed. Siemens Historical Institute, Hamburg 2018, ISBN 9-783867-746243.
* Weiher, Siegfried von /Herbert Goetzeler (1984). ''The Siemens Company, Its Historical Role in the Progress of Electrical Engineering 1847–1980'', 2nd ed. Berlin and Munich.
* Feldenkirchen, Wilfried (2000). ''Siemens, From Workshop to Global Player'', Munich.
* Feldenkirchen, Wilfried / Eberhard Posner (2005): ''The Siemens Entrepreneurs'', Continuity and Change, 1847–2005, Ten Portraits, Munich.
* Greider, William (1997). ''One World, Ready or Not''. Penguin Press. .
* Margarete Buber: 303f As prisoners of Stalin and Hitler, Frankf / Main, Berlin 1993
* See Carola Sachse: Jewish forced labor and non-Jewish women and men at Siemens from 1940 to 1945, in: International Scientific Correspondence, No. 1/1991, pp. 12–24; Karl-Heinz Roth: forced labor in the Siemens Group (1938 -1945). Facts, controversies, problems, in: Hermann Kaienburg (ed.): concentration camps and the German Economy 1939–1945 (Social studies, H. 34), Opladen 1996, pp. 149–168; Wilfried Feldenkirchen: 1918–1945 Siemens, Munich 1995, Ulrike fire, Claus Füllberg-Stolberg, Sylvia Kempe: work at Ravensbrück concentration camp, in: Women in concentration camps. Bergen-Belsen. Ravensbrück, Bremen, 1994, pp. 55–69; Ursula Krause-Schmitt: The path to the Siemens stock led past the crematorium, in: Information. German Resistance Study Group, Frankfurt / Main, 18 Jg, No. 37/38, Nov. 1993, pp. 38–46; Sigrid Jacobeit: working at Siemens in Ravensbrück, in: Dietrich Eichholz (eds) War and economy. Studies on German economic history 1939–1945, Berlin 1999.
* Bundesarchiv Berlin, NS 19, No. 968, Communication on the creation of the barracks for the Siemens & Halske, the planned production and the planned expansion for 2,500 prisoners "after direct discussions with this company": Economic and Administrative Main Office of the SS ( WVHA), Oswald Pohl, secretly, to Reichsführer SS (RFSS), Heinrich Himmler, dated 20 October 1942.
* Karl-Heinz Roth: forced labor in the Siemens Group, with a summary table, page 157 See also Ursula Krause-Schmitt: "The road to Siemens stock led to the crematorium past over," pp. 36f, where, according to the catalogs of the International Tracing Service Arolsen and Martin Weinmann (eds.).. The Nazi camp system, Frankfurt / Main 1990 and Feldkirchen: Siemens 1918–1945, pp. 198–214, and in particular the associated annotations 91–187.
* MSS in the estate include Wanda Kiedrzy'nska, in: National Library of Poland, Warsaw, Manuscript Division, Sygn. akc 12013/1 and archive the memorial I/6-7-139 RA: see also: Woman Ravensbruck concentration camp. An overall presentation, State Justice Administration in Ludwigsburg, IV ART 409-Z 39/59, April 1972, pp. 129ff.
External links
*
*
Siemens Historical Institute
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