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Siemens AG
Enlarge picture
Siemens logo
Public (Aktiengesellschaft)
(ISIN: DE0007236101, FWB: SIE, NYSE: SI)
Founded1847 in Berlin, Germany
FounderWerner von Siemens
Headquarters Munich, Germany
Key people Peter Löscher,
President & CEO
IndustryConglomerates
ProductsCommunication Systems
Power Generation
Industrial Automation and Control
Lighting
Medical Equipment
Transportation and Automotive
Water Technologies
Building Technologies
Home Appliances
ServicesBusiness Services
Financing
Construction
Revenue € 87.325 billion (2006)[1]
Employees480,000 (2007)
DivisionsAutomation & Control, Power, Transportation, Medical, Information & Communication, and Lighting
Websitewww.siemens.com


Siemens AG (ISIN: DE0007236101, FWB: SIE, NYSE: SI) is Europe's largest engineering conglomerate. Siemens' international headquarters are located in Berlin and Munich, Germany. The company is a conglomerate of six major business divisions: Automation & Control, Power, Transportation, Medical, Information & Communication, and Lighting. Worldwide, Siemens and its subsidiaries employ approximately 480,000 people in 190 countries and reported global sales of €87.325 billion in fiscal year 2006.[1] Siemens AG is listed on the Frankfurt Stock Exchange, and has been listed on the New York Stock Exchange since March 12, 2001.

History

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Siemens was founded by Werner von Siemens on October 1, 1847, based on the telegraph he had invented that used a needle to point to the sequence of letters, instead of using Morse code. The company – then called Telegraphen-Bauanstalt von Siemens & Halske – opened its first workshop on October 12.

In 1848, the company built the first long-distance telegraph line in Europe; 500 km from Berlin to Frankfurt am Main. In 1850 the founder's younger brother, Sir William Siemens (born Carl Wilhelm Siemens), started to represent the company in London. 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 von Siemens, opened in St Petersburg. In 1867, Siemens completed the monumental Indo-European (Calcutta to London) telegraph line [1].

In 1881, a Siemens AC Alternator driven by a watermill was used to power the world's first electric street lighting in the town of Godalming, United Kingdom. The company continued to grow and diversified into electric trains and light bulbs. In 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 1919, S&H and two other companies jointly formed the Osram lightbulb company. A Japanese subsidiary was established in 1923.

During the 1920s and 1930s, S&H started to manufacture radios, television sets, and electron microscopes.

World War II Era

Before World War II Siemens was involved in the secret rearmament of Germany. During the Second World War, like most big companies in Germany at the time, 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 famous 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 extermination camp, supplying the electricity to the camp.[2] The crematorium ovens at Buchenwald bear the Siemens label.

Post-war

In the 1950s and from their new base in Bavaria, S&H started to manufacture computers, semiconductor devices, laundry machines, and pacemakers. Siemens AG was incorporated in 1966. The company's first digital telephone exchange was produced in 1980. In 1988 Siemens and GEC acquired the UK defense and technology company Plessey. Plessey's holdings were split, and Siemens took over the avionics, radar and traffic control businesses — as Siemens Plessey.

In 1991, Siemens acquired Nixdorf Computer AG and renamed it Siemens Nixdorf Informationssysteme AG. In 1997 Siemens introduced the first GSM cellular phone with colour display. Also in 1997 Siemens agreed to sell the defence arm of Siemens Plessey to British Aerospace (BAe) and a UK government agency, the Defence Analytical Services Agency (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. Also, Siemens Nixdorf Informationssysteme AG formed part of Fujitsu Siemens Computers AG in that year. The retail banking technology group became Wincor Nixdorf.

In February 2003, Siemens reopened its office in Kabul.[3]

In 2004, Siemens took over the mantle of official Formula One timekeeper, replacing TAG Heuer.

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

In 2006, Siemens announced the purchase of Bayer Diagnostics, which was incorporated into the Medical Solutions Diagnostics division officially on 1 January2007.

In March 2007 a Siemens board member was temporarily arrested and accused of illegally financing a business-friendly labour association which competes against the union IG Metall. He has been released on bail. Offices of the labour union and of Siemens have been searched. Siemens denies any wrongdoing.[4]

In April 2007, the Fixed Networks, Mobile Networks and Carrier Services divisions of Siemens merged with Nokia’s Network Business Group in a 50/50 joint venture, creating a fixed and mobile network company called Nokia Siemens Networks. Nokia delayed the merger[5] due to bribery investigations[6] against Siemens.

Through an American sub-organisation known as the Siemens Foundation, Siemens also devotes funds to rewarding students and AP teachers. One of its main programs is the Siemens Westinghouse Competition in maths, 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.

Chief Executives

Corporate affairs

Management

Peter Löscher (formerly of Merck) is the current president and the CEO as of July 1, 2007.[7]. 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 v. Pierer on 4/26/2007.

Key business areas and subsidiary companies

Siemens' six operational business areas are Automation & Control (Automation & Drives, Industrial Solutions & Services, Siemens Building Technologies), Power (Power Generation, Power Transmission), Transportation (Transportation Systems, Siemens VDO), Medical (Siemens Medical Solutions), Information & Communication (Siemens Communications, Siemens IT Solutions and Services), and Lighting (OSRAM GmbH, OSRAM Sylvania).

The company is also active in Financing (Siemens Financial Services), Real Estate (Siemens Real Estate), Home Appliances (BSH), Water Technologies (SWT), Computers (Fujitsu Siemens Computers), and Business Services.

Some of Siemens' recently acquired companies

  • Atecs Mannesmann AG (2001) including Mannesmann Dematic, Mannemann Sachs, Mannesmann VDO Automotive, Mannesmann Demag Krauss-Maffei
  • Danfoss Flow Division (2003)
  • Bonus Energy (2004) — now Siemens Wind Power A/S
  • IndX Software (2004)
  • Chrysler Group’s Huntsville Electronics Corporation (2004)
  • USFilter Corporation (2004) — now Siemens Water Technologies Corp.
  • Woodlands Technology (2004)
  • Photo-Scan (2004)
  • DASAN (South Korea - 2004)
  • Alstom Industrial Turbine Business (2005)
  • Jet Turbine Services (2005)
  • Transmitton (2005) — now Siemens Transportation Systems UK
  • Shaw Power (2005)
  • Chantry Networks (2005)
  • Myrio (USA/Canada - 2005)
  • CTI Molecular Imaging (2005)
  • Evoline (2005)
  • VA Tech Group (Austria - 2005)
  • Power Technologies International (2005) — now Siemens Power Transmission & Distribution, Inc.
  • AN Windenergie GmbH (2005) — now Siemens Wind Power GmbH
  • Bayer AG -Diagnostic branch (2006)
  • Controlotron, USA (2004)
  • Diagnostic Products Corp. (2006) — now Siemens Medical Solutions Diagnostics
  • Bewator AB (Sweden - 2005) Security
  • Vai Ingdesi Automation (Argentine - 2007) Industrial Automation
  • Kadon Electro Mechanical Services Ltd. (2006)— now TurboCare Canada Ltd.
  • UGS Corp. (2007)
  • Dade Behring planned

Major clients

Products

  • Industrial Instrumentation (Sensors and Controls)
  • Telecommunication Service Platform, the TSP 7000
  • Combino, ULF, and Avanto trams
  • Siemens-Duwag U2 LRV
  • ER20 locomotive - MTR
  • LHB/Siemens M1/M2/M3 Metro Mar. Pair
  • Siemens-Adtranz LRV
  • Duewag/Siemens 1435 mm Combino Low Flr LRV
  • MX3000 Metro car for Oslo (SGP Wien works)
  • S4000 metro
  • Schindler/Siemens ABB Be 4/8 Low Floor LRV
  • Metro 5001
  • SWBSiemensr NGT 6D LRV
  • Eurosprinter locomotive
  • Desiro, ICE, and Transrapid trains
  • Gigaset, Home entertainment products, including Gigaset M740 AV, a set-top box to receive TDT and integrate it in a domestic network (using WLAN or cable), i.e. for home streaming media.
  • Hicom Trading E
  • Hicom 300
  • HiPath
  • HiQ 8000 Softswitch
  • HiE 9200 Softswitch
  • MSR32R
  • EWSD telephone exchanges
  • SPX 2000 small digital telephone exchange (rural)
  • Siemens Gigaset cordless telephones
  • Siemens Mobile Phones - divested to BenQ in 2005
  • Siemens SPPA-T2000 Control System (formerly Teleperm XP)
  • Siemens SPPA-T3000 Control System (For Electrical Power Generation Control)
  • SIMATIC PCS 7 Process Automation System for Process and Hybrid industries
  • Radio and core products for 2G and 3G Mobile Networks (GSM, UMTS, ...)
  • Gas & Steam Turbines
  • Industrial programmable controls (including Simatic PLC, and Logo! microcontrollers)
  • The Siemens Servo life support ventilator line
  • MAGNETOM(TM) Espree
  • SOMATOM(R) Definition CT
  • SOMATOM(R) Sensation CT
  • SOMATOM(R) Emotion CT
  • AXIOM Artis
  • AXIOM Sensis
  • E.Cam Signature Series Gamma Camera
  • Symbia TruePoint SPECT-CT
  • Biograph TruePoint PET.CT
  • Magnetom C!, a low field open MRI
  • Magnetom Avanto, a Tim system MRI
  • Magnetom Espree, a Tim system, open bore MRI
  • Magnetom Trio, A Tim System, ultra high field MRI
  • Windturbines, 1.3 MW, 2.3 MW, 3.6 MW
  • Sinorix(TM)
  • Sistore(TM)
  • @ctiveFRIEND
  • The Siemens MOMO Siemens (train)
  • Siemens Soarian(TM) HIS

Competition

Main competitors of Siemens are:

See also

References

  • Greider, William (1997). One World, Ready or Not. Penguin Press. ISBN 0-7139-9211-5.
Footnotes
1. ^ Siemens – Global network of innovation (PDF). www.siemens.com (January 2007). Retrieved on 3 April 2007.
2. ^ Claude Lanzmann. Shoah [DVD]. New Yorker Films.
3. ^ Security Council 4943 page 7 on 15 April 2004 (retrieved 2007-09-06)
4. ^ Board member arrested in new blow for Siemens.
5. ^ Associated Press quoted by Forbes: Nokia-Siemens Venture to Start in April, March 152007
6. ^ International Herald Tribune: Bribery trial deepens Siemens woes, March 132007
7. ^ [2]

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

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Please [ improve this article] by removing excessive or inappropriate external links. Please remove this tag when this is done. This article has been tagged since June 2007. (talk)




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DAX companies of Germany
Siemens may refer to:
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Frankfurt Stock Exchange (German: FWB® Frankfurter Wertpapierbörse) is a stock exchange located in Frankfurt, Germany.

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New York Stock Exchange (NYSE), nicknamed the "Big Board", is a New York City-based stock exchange. It is the largest stock exchange in the world by dollar volume and, with 2,764 listed securities[1], has the second most securities of all stock exchanges.
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An entrepreneur (a loanword from French introduced and first defined by the Irish economist Richard Cantillon) is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks.
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Werner von Siemens

Born December 13, 1816
Lenthe, Germany
Died December 6, 1892

Field inventor Ernst Werner von Siemens
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München
Munich
Frauenkirche and Town Hall steeple
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Peter Löscher (born September 17 1957 in Villach, Austria) is an Austrian manager and former President, Global Human Health at global pharmaceutical company Merck & Co. He was appointed Chief Executive Officer (CEO) of Siemens AG on May 20 2007 as the successor of Klaus Kleinfeld,
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Industry (from Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day.
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Conglomerate is the term used to describe a large company which consists of divisions of often seemingly unrelated businesses.

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The English East India Company can be considered to be one of the earliest conglomerate groups; originally a trade enterprise established
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Aspinwall Classification System (Leo Aspinwall, 1958) classifies and rates products based on five variables:
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electrical generator is a device that converts kinetic energy to electrical energy, generally using electromagnetic induction. The reverse conversion of electrical energy into mechanical energy is done by a motor, and motors and generators have many similarities.
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Automation (ancient Greek: = self dictated), roboticization [1] or industrial automation or numerical control is the use of control systems such as computers to control industrial machinery and processes, replacing human operators.
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Not to be confused with lightning.
Lighting includes both artificial light sources such as lamps and natural illumination of interiors from daylight.
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Transport or transportation is the movement of people and goods from one place to another. The term is derived from the Latin trans ("across") and portare ("to carry").
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Service can refer to:
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Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects.
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construction is the building or assembly of any infrastructure on a site or sites. Although this may not be thought of as a single activity, in fact construction is a feat of multitasking.
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