Siemens Financial Services GmbH (SFS) is a division of the German Siemens company that offers international financing in the business-to-business area. The company’s global headquarters is in Munich, Germany.
SFS serves both Siemens and external clients, primarily in the energy, industry, healthcare and infrastructure & cities markets. The division finances infrastructure, equipment as well as working capital investments, and acts as a manager of financial risks within Siemens AG.
The network of financing companies coordinated by Siemens Financial Services GmbH in Munich comprises about 3,150 employees worldwide.[2]
History
The Siemens Group first bundled its financial activities into an organizational unit in October 1997. In addition to developing the financial business, the main focus at the time was to increase transparency for investors – by creating a separate financing balance sheet. Since 1999, Siemens Financial Services has been the center of expertise for financial services and the provider of financial risk management for Siemens in the market for business-to-business financial solutions.
From the very start, SFS’ responsibility included Siemens’ leasing and alternative forms of asset and equipment financing as well as project financing and equity participations. SFS was also put in charge of Siemens’ treasury and payment-transaction solutions as well as of the financial management of pension assets.