Siemens
Siemens AG (German pronunciation: [ˈziːməns] ⓘ or [-mɛns]) is a German multinational technology conglomerate. Its operations encompass automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, rail transport solutions, as well as health technology and digital healthcare services. Siemens is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial software.
Headquarters in Munich | |
| Company type | Public (Aktiengesellschaft) |
|---|---|
| ISIN | DE0007236101 |
| Industry | Conglomerate |
| Predecessors | |
| Founded | 1 October 1847 Berlin, Kingdom of Prussia |
| Founder | Werner von Siemens |
| Headquarters | Munich, Germany |
Area served | Worldwide |
Key people | Roland Busch (CEO) Jim Hagemann Snabe (Chairman) |
| Products | industrial automation, drive technology, building technology, energy technology, financial services, medical technology, mobility solutions, software |
| Revenue | €77.769 billion (2023) |
| €11.201 billion (2023) | |
| €8.529 billion (2023) | |
| Total assets | €145.067 billion (2023) |
| Total equity | €53.060 billion (2023) |
| Owner | Siemens family (6.9%) |
Number of employees | 320,000 (2023) |
| Divisions | |
| Website | www |
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. The company is a component of the DAX and Euro Stoxx 50 stock market indices. As of December 2023, Siemens is the second largest German company by market capitalization.
As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Mobility, Healthineers, and Financial Services, with Siemens Healthineers and Siemens Mobility operating as independent entities. 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), and Siemens Energy (2020).