Siemens AG ([3][4][5] or [5]) is a German multinational company. It is focused on industrial automation, building automation, rail transport and health technology.[6] Siemens is the largest engineering company in Europe,[7] and holds the position of global market leader in industrial AI, automation, and industrial software.[8]
The origins of the conglomerate can be traced back to 1847 to the Telegraphen Bau-Anstalt von Siemens & Halske established in Berlin by Werner von Siemens and Johann Georg Halske. In 1966, the present-day corporation emerged from the merger of three companies: Siemens & Halske, Siemens-Schuckert, and Siemens-Reiniger-Werke. Today headquartered in Munich and Berlin, Siemens and its subsidiaries employ approximately 320,000 people worldwide and reported a global revenue of around €78 billion in 2023.[6] The company is a component of the DAX and Euro Stoxx 50 stock market indices.[9] As of December 2023, Siemens is the second largest German company by market capitalization.[10]
As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Mobility, and Financial Services, with Siemens Mobility operating as an independent entity. Major business divisions that were once part of Siemens before being spun off include semiconductor manufacturer Infineon Technologies (1999), Siemens Mobile (2005), Gigaset Communications (2008), the photonics business Osram (2013), Siemens Healthineers (2017), and Siemens Energy (2020).
History
1847 to 1901
Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847. Based on the telegraph, their invention used a needle to point to the sequence of letters, instead of using Morse code. The company, then called Telegraphen-Bauanstalt von Siemens & Halske, opened its first workshop on 12 October.[11]
In 1848, the company built the first long-distance telegraph line in Europe: 500 km from Berlin to Frankfurt am Main. In 1850, the founder's younger brother, Carl Wilhelm Siemens, later Sir William Siemens, started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855, a company branch headed by another brother, Carl Heinrich von Siemens, opened in St Petersburg, Russia. In 1867, Siemens completed the monumental Indo-European telegraph
Operations
As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Siemens Mobility, Siemens Healthineers and Siemens Financial Services, with Siemens Healthineers and Siemens Mobility operating as independent entities. Siemens also operates a number of "Portfolio Companies" with market-specific offerings.[6] In 2020, the energy business was spun off into the separate Siemens Energy AG, with Siemens retaining a stake of 17.1% as of December 2023.[172] Other business units of the company include Siemens Technology (T) for research and development, Siemens Real Estate (SRE) for corporate real estate management, Siemens Advanta for consulting services (including the management consulting division Siemens Advanta Consulting), next47 as a venture capital fund, and Siemens Global Business Services (GBS) as a shared services unit.[6]
Digital Industries
The Digital Industries division focuses on the automation needs of discrete
Corporate affairs
Siemens is incorporated in Germany and has its corporate headquarters at the Wittelsbacherplatz in central Munich.[185]
Business trends
For the fiscal year 2023, Siemens reported a revenue of €77.7 billion, an increase of 8% over the previous fiscal cycle.[186] In December 2023, Siemens's shares traded at over US$93 per share, and its market capitalization was valued at US$147 billion.[187] According to an Ernst & Young study published in December 2023, Siemens and SAP were the only German companies of the top 100 most valuable companies by market capitalization worldwide.[10]
Further reading
- 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.
- Margarete Buber (1993). 303f: As prisoners of Stalin and Hitler, Frankfurt am Main; Berlin.
- 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
- Feldenkirchen, Wilfried (2000). Siemens: From Workshop to Global Player, Munich.
- Feldenkirchen, Wilfried, and Eberhard Posner (2005). The Siemens Entrepreneurs: Continuity and Change, 1847–2005. Ten Portraits, Munich.
- Greider, William (1997). One World, Ready or Not. Penguin Press. ISBN 0-7139-9211-5.
- Sigrid Jacobeit: working at Siemens in Ravensbrück, in: Dietrich Eichholz (eds) War and economy. Studies on German economic history 1939–1945, Berlin 1999.
- 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
- 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. * Woman Ravensbruck concentration camp. An overall presentation, State Justice Administration in Ludwigsburg, IV ART 409-Z 39/59, April 1972, pp. 129ff.
External links
References
- "Corporate Information", Siemens Aktiengesellschaft.^
- FY 2024 Annual Report press.siemens.com, retrieved 2024-03-11^
- Stefan Kleiner, Ralf Knöbl. Das Aussprachewörterbuch Dudenverlag, 2015^