Siemens

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Siemens AG
Siemens.png
Founded October 1, 1847, Berlin, Germany
Headquarters Munich, Germany
Industry Automation company
Area Served Worldwide
Key People Roland Busch (CEO) Jim Hagemann Snabe (Chairman)
Market Capital €101.66 billion (2023)
Annual Revenue $80.919 billion (2023)
Operating Income $10.964 billion (2023)
Net Income €4.392 billion (2022)
Total Assets €151.5 billion (2023)
Total Equity €54.805 billion (2022)
Owners Siemens family (6.9%)
Number of Employees 311,000 (2022)
Website https://www.siemens.com/
Social Media Facebook, Twitter, Linkedin, Youtube
Notes Specializes in Industry, Infrastructure, Transport, and Healthcare.



Siemens

Overview

Siemens, a stalwart in the realm of multinational technology conglomerates, hails from Germany. The company's extensive portfolio spans automation and digitalization across process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, cutting-edge rail transport solutions, and advancements in health technology and digital healthcare services. Standing as the largest industrial manufacturing entity in Europe, Siemens has proudly secured its position as the global market leader in industrial automation and software.

History

The inception of Siemens dates back to 1847 when Werner von Siemens and Johann Georg Halske established the Telegraphen Bau-Anstalt von Siemens & Halske in Berlin. The conglomerate, as we know it today, evolved from the merger of Siemens & Halske, Siemens-Schuckert, and Siemens-Reiniger-Werke in 1966. This strategic union paved the way for Siemens to become a powerhouse in technology and innovation.

Siemens, headquartered in Munich and Berlin, and its subsidiaries employ nearly 320,000 people worldwide, earning a remarkable €78 billion in revenue in 2023. The company's reach spans important businesses such as Digital Industries, Smart Infrastructure, Mobility, Healthineers, and Financial Services. The independence of Siemens Healthineers and Siemens Mobility, which operate as separate businesses, is noteworthy. Infineon Technologies (1999), Siemens Mobile (2005), Gigaset Communications (2008), Osram (2013), and Siemens Energy (2020) are examples of important divisions spun off by the business.

Siemens marked its early years with pioneering achievements, including the construction of the first long-distance telegraph line in Europe (1848) and the completion of the Indo-European telegraph line stretching over 11,000 km from London to Calcutta (1867). The company's dynamic growth saw it venturing into electric trains, and light bulbs, and expanding its global reach with the opening of its first office in Japan (1887).

Siemens & Halske was founded in 1897 and eventually merged with Schuckert & Co., Nuremberg, to establish Siemens-Schuckert in 1903. Siemens & Halske joined forces with two other firms to form the Osram lighting manufacturer in 1919.

The 1920s and 1930s witnessed Siemens & Halske diversifying its portfolio into the manufacturing of radios, television sets, and electron microscopes.

In 1932, Reiniger, Gebbert & Schall, Phönix AG, and Siemens-Reiniger-Veifa mbH merged to form Siemens-Reiniger-Werke AG. The tumultuous era of World War II saw Siemens facing challenges, including accusations of exploiting forced labor in extermination camps and concentration camps. Despite the destruction caused by Allied air raids, Siemens demonstrated resilience by relocating manufacturing to alternative sites to ensure the continued production of crucial goods.

Following WWII, Siemens was subjected to criticism and court challenges, including one against satirist F.C. Delius for his work "Unsere Siemens-Welt." The company's wartime past was revealed, including the supply of electrical parts to Nazi concentration camps. The Siemens plants had horrible working conditions, and evidence suggested SS participation in running and supplying camp factories.

Products and Services

1. Automation Systems: Siemens provides cutting-edge automation solutions for industries, optimizing processes and enhancing productivity.

2. Digitalization Tools: The company offers digital tools and platforms to facilitate the digital transformation of industries, including software for design, simulation, and manufacturing.

3. Industrial Communication: Siemens specializes in industrial communication solutions, ensuring seamless connectivity and data exchange in manufacturing environments.

4. Building Technologies: Siemens offers smart building technologies, including building automation, fire safety, and security systems.

5. Grid Infrastructure: The company provides solutions for power distribution, energy storage, and smart grid management to enhance energy efficiency.

6. Mobility Solutions: Siemens contributes to intelligent and sustainable transportation systems, including rail automation and electrification.

7. Rail Automation: Siemens is a global leader in rail automation, delivering signaling systems, train control, and electrification solutions for efficient and safe railway operations.

8. Mobility Services: The company offers comprehensive mobility services, covering everything from traffic management to passenger experience solutions.

9. Medical Imaging: Siemens Healthineers is renowned for its advanced medical imaging equipment, including X-ray, MRI, and CT systems.

10. Laboratory Diagnostics: The company provides a wide range of diagnostic instruments and reagents for medical laboratories, contributing to accurate and timely diagnoses.

11. Digital Health Solutions: Siemens Healthineers is at the forefront of digital health, offering solutions for healthcare IT, telehealth, and data analytics.

12. Project Financing: Siemens Financial Services supports infrastructure projects by providing tailored financing solutions.

13. Equipment Financing: The company offers financing options for businesses to acquire Siemens equipment, promoting accessibility and affordability.

14. Power Generation: Siemens Energy is a key player in power generation, offering solutions for conventional and renewable energy sources.

15. Energy Transmission: The company provides technologies for the efficient transmission of electricity, including high-voltage transmission systems.

16. Energy Services: Siemens Energy offers a range of services to optimize the performance and reliability of energy-related assets.

17. Product Lifecycle Management (PLM): Siemens PLM software assists in product development, from conceptualization to manufacturing.

18. Industrial Software: Siemens provides software solutions for industrial processes, covering areas such as manufacturing operations management and automation.

19. Project Financing: Siemens Financial Services supports infrastructure projects by providing tailored financing solutions.

20. Equipment Financing: The company offers financing options for businesses to acquire Siemens equipment, promoting accessibility and affordability.

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Contact Information

Phone Number: +49 89 3803 5491

Email Address: contact@siemens.com

Headquarters: Werner-von-Siemens-Str. 1, Munich, Germany, 80333

Official website: https://www.siemens.com/

Certifications & Compliance

1. ISO Certifications: Siemens adheres to a number of ISO standards, including ISO 9001 for quality management systems and ISO 14001 for environmental management. These certifications demonstrate Siemens dedication to providing high--quality products and services while reducing its environmental impact.

2. Safety Standards: Siemens places a paramount focus on safety standards across its operations. The company complies with industry-specific safety certifications and standards to ensure the well-being of its workforce and the communities in which it operates.

3. Environmental Management: Siemens is committed to environmental sustainability and adheres to international environmental management standards. The corporation aggressively seeks certifications such as ISO 14001 to demonstrate its commitment to minimizing its activities' environmental imprint.

4. Health and Safety Compliance: Siemens adheres to stringent health and safety regulations globally. The company aligns with industry-specific health and safety standards to create a secure working environment for its employees and partners.

5. Cybersecurity Certifications: Given the growing importance of cybersecurity, Siemens invests in cybersecurity certifications for its digital products. To maintain the strength and safety of its digital infrastructure, the organization adheres to accepted cybersecurity standards.

6. Energy Management: Siemens participates in energy management certifications and compliance initiatives, showcasing its commitment to energy efficiency and sustainability. Certifications like ISO 50001 validate Siemens' efforts to manage energy resources effectively.

7. Industry-Specific Compliance: Siemens operates in various industries, and as such, the company adheres to industry-specific compliance standards. This includes certifications related to rail safety for its mobility solutions and medical device certifications for Siemens Healthineers.

8. Ethical Business Practices: Siemens is dedicated to upholding anti-corruption laws and moral corporate conduct. The business maintains a strict code of conduct and may participate in programs or certifications that encourage ethics and openness in its commercial dealings.

9. Quality Management: Siemens places a premium on quality management across its product and service offerings. The company may seek certifications such as ISO 9001 to demonstrate its commitment to delivering products that meet or exceed customer expectations.

10. Regulatory Compliance: Siemens actively monitors and complies with global regulatory requirements across the industries it serves. This includes compliance with regional and national regulations governing product safety, emissions, and other relevant aspects.