Siemens Aktiengesellschaft
XTRA:SIE
177.04
-1.30€ (-0.71%)
177.04
-1.30€ (-0.71%)
Real-time: 03/28/2024 12:26

About Siemens

Siemens Aktiengesellschaft operates as an electronics and electrical engineering company. The company conducts business with customers in countries, such as Iran, Syria, and Cuba. Siemens share price history

Segments

As of September 30, 2013, the company had six segments. These segments consisted of four sectors, such as Energy, Healthcare, Industry, and Infrastructure & Cities; Equity Investments; and Financial Services.

ENERGY

This sector offers a spectrum of products, services, and solutions for the generation and transmission of power and for the extraction, conversion, and transportation of oil and gas. It primarily addresses the needs of energy providers, and also serves industrial companies, primarily in the oil and gas industry.

In the year ended September 30, 2013, the company delivered two oil units and three control panels to Hampa Engineering Co., a private Iranian company, for onsale to Lordegan Urea Fertilizer Co., also a private Iranian company. The company also delivered one synthesis gas train to Kaveh Methanol Co., a private Iranian company. Siemens share price history

In the year ended September 30, 2013, this sector comprised five divisions: Fossil Power Generation, Wind Power, Oil & Gas, Power Transmission, and Energy Service. This sector also includes two sector-led businesses, Solar and Hydro.

In the Hydro business, the company is active in small and large hydro power stations, through its minority stake in Voith Hydro Holding GmbH & Co. KG. Furthermore, its Hydro business also comprises the company’s activities in ocean power tidal turbines. The company’s Solar business consists of Solar Thermal Energy and Photovoltaics business units.

Fossil Power Generation

This division offers products and solutions for fossil-based power generation. This division concentrates on products and solutions for gas and steam turbines, turbo generators, and heat recovery steam generators, including control systems, with an emphasis on combined-cycle power plants. It also develops solutions for instrumentation and control systems for various types of power plants and for use in power generation. These solutions include information technology solutions providing management applications from the plant to the enterprise level. This division is also working on developing and producing commercial systems based on emerging technologies, such as integrated gasification, coal liquefaction, and carbon capture and storage.

Wind Power

This division manufactures wind turbines for onshore and offshore applications, including both geared turbines and direct drive machines. The product portfolio is based on four product platforms, two for each of the onshore and offshore applications. The onshore products have power ratings between 2.3 to 3.0 megawatts and rotor diameters ranging from 93 to 113 meters. The power rating for offshore products ranges from 3.6 to 6.0 megawatts, with rotor diameters ranging from 107 to 154 meters. This division focuses on markets where it could entertain a profitable business, such as the U.S., the U.K., and Scandinavia.

Seasonality: The company’s production and sales figures are higher during the hemisphere’s spring and summer months, when weather conditions facilitate the installation of wind turbines.

Oil & Gas

This division has a portfolio of rotating machinery (gas turbines, steam turbines, and compressors with associated equipment) and electrical, instrumentation and telecommunication solutions.

Power Transmission

This division provides customers with turnkey power transmission solutions, as well as discrete products, systems and related engineering and services. It covers high-voltage transmission solutions, power and distribution transformers, high-voltage switching and non-switching products and systems, and alternating and direct current transmission systems. This division supplies energy utilities and industrial power users with equipment, systems, and services used to process and transmit electrical power from the source, such as power plants, and onshore and offshore wind farms, to various points along the power transmission network. This division is working with joint ventures in China involving different partners and has a joint venture with Infineon Technologies in Germany for the design, manufacture, and sale of high-performance semiconductors.

Energy Service

This division offers services for products, solutions, and technologies, covering performance improvements, maintenance services, customer trainings, and consulting services for the divisions, such as Fossil Power Generation, Wind Power, and Oil & Gas.

Distribution

This sector distributes its products and services through its own dedicated sales force, supported by the company’s worldwide network of regional companies. Additional sales channels include joint ventures and licensing partners.

Customers

This sector’s principal customers are power utilities, independent power producers, and industrial companies, primarily in the oil and gas industry.

Competitors

Fossil Power Generation: This division’s major competitors in gas turbines include Alstom, General Electric, and Mitsubishi Heavy Industries. This division’s major competitors in steam turbines include Alstom, Bharat Heavy Electricals Limited, General Electric, and Toshiba. This division’s major competitors in instrumentation and controls include ABB and Emerson Electric.

Wind Power: This division’s major competitors in the onshore market include Enercon, Gamesa, General Electric, Goldwind, Repower, and Vestas. In the offshore market, the principal competitors include Alstom, Areva S.A., and REpower.

Oil & Gas: This division’s major competitors in automation and electrical equipment include ABB and Honeywell. This division’s major competitors in compressors and steam and gas turbines include Dresser Rand, General Electric, MAN Diesel & Turbo, and Solar Turbines.

Power Transmission: This division’s major competitors include ABB with its Power Products and Power Systems divisions, and the Grid division of Alstom.

HEALTHCARE

This sector develops, manufactures, and markets diagnostic and therapeutic systems, devices, and consumables, as well as information technology systems for clinical and administrative purposes.

This sector offers customers a portfolio of medical solutions across the treatment chain—ranging from medical imaging to in-vitro diagnostics to interventional systems and clinical information technology systems—all from a single source. In addition, this sector provides technical maintenance, professional, and consulting services, and together with Financial Services, financing to assist customers in purchasing this sector’s products.

In the year ended September 30, 2013, the company, either directly or through its affiliates, delivered certain medical equipment, including an ultrasound device, CT scanners, a MRI and related accessories, and X-ray systems and related accessories, as well as provided related spare parts and maintenance services, hearing aids and diagnostic reagents, in certain cases through private Iranian or non-Iranian distribution partners, to end customers that included certain Iranian state hospitals, universities and other state-funded health organizations and centers.

This sector includes four divisions: Imaging & Therapy Systems, Clinical Products, Diagnostics, and Customer Solutions. This sector also includes one sector-led business unit, Audiology Solutions.

Imaging & Therapy Systems

This division provides large-scale medical devices for diagnostic imaging and for image-guided therapies. Imaging equipment includes computed tomographs, magnetic resonance imaging equipment, angiography systems for diagnostics, and positron emission tomography. Image-guided therapies primarily comprise angiography systems for minimally invasive procedures and computed tomographs in radiation therapy planning.

Clinical Products

This division primarily comprises the business with ultrasound and X-ray equipment, including mammography. In addition to providing solutions, this division focuses on the development of equipment that meets customer requirements, primarily in emerging economies. This division also comprises the internal supplier Components and Vacuum Technology, which also provides components to the Imaging & Therapy Systems division.

Diagnostics

This division offers products and services in the area of in-vitro diagnostics. In-vitro diagnostics is based on the analysis of bodily fluids, such as blood or urine, and supplies vital information for detecting and managing disease and conducting patient risk assessments. This division’s product portfolio represents a range of diagnostic testing systems and consumables, including offerings for clinical chemistry and immunodiagnostics, molecular diagnostics (testing for nucleic acids), hematology, hemostasis, microbiology, point-of-care testing, and clinical laboratory automation solutions.

Customer Solutions

This division provides healthcare information technology (HIT) systems. It is responsible for this sector’s service business and customer relationship management on a global level. HIT supports users in connection with their tasks in the clinical, administrative, and financial workflow to support patient care delivery. The portfolio includes integrated financial and clinical systems, electronic health record and health information exchange, as well as an expanding offering of systems optimization services. The service business is intended to utilize this sector’s installed base of imaging and diagnostics systems worldwide. This division also manages the global sales force of this sector and defines the regional go-to-market approach to support a customer base with solutions for patient care.

Audiology Solutions

This business unit provides hearing aids.

Customers

This sector’s customers include healthcare providers, such as hospital groups and individual hospitals; group and individual medical practices; reference and physician office laboratories; and outpatient clinics. This sector sells the majority of its products and services through its in-house sales staff, which is grouped in its Customer Solutions division, supported by dedicated product specialists. In some countries, this sector also uses dealers, primarily for the sale of low-end products (such as low-end ultrasound and X-ray equipment). This sector’s products are serviced primarily by its own dedicated personnel.

Agreements

This sector has cooperation agreements with various companies, including Bruker, Toshiba, Hitachi, KuKa, Volcano, Thales, Philips, Biosense Webster, Esaote, ViiV Healthcare, Tocagen, Sysmex, and Thermo Fisher Scientific.

Competitors

This sector’s principal competitors in medical imaging include General Electric, Philips, Toshiba, Hitachi, and Hologic. Other competitors include Roche, Abbott, Danaher, Alere, bioMerieux, and Sysmex for in-vitro diagnostics; McKesson, Cerner, and Allscript for HIT systems; and Sonova, GN Resound, and William Demant for audiology (hearing aids).

INDUSTRY

This sector’s portfolio ranges from industry automation and drives products and services to system integration and solutions for plant business. This sector offers a spectrum of products, services, and solutions that help customers use resources and energy to improve productivity. This sector’s integrated technologies and holistic solutions primarily address industrial customers, primarily those in the process and manufacturing industries. The portfolio spans industry automation, industrial software, drive products and services, system integration, and solutions for industrial plant businesses.

This sector consists of three divisions: Industry Automation, Drive Technologies, and Customer Services. This sector also includes a sector-led business unit, Metals Technologies.

Industry Automation

This division offers a range of standard products and system solutions for automation technologies used in the manufacturing and process industries. This division’s offerings include automation systems and software, motor controls, machine-to-machine communication products, sensors, product and production lifecycle management products, and software for simulating and testing mechatronic systems. In the year ended September 30, 2013, this division acquired LMS International NV, Belgium, a provider of mechatronic simulation software that expands and complements this division’s product lifecycle management portfolio.

Drive Technologies

This division offers products and systems across the entire drive train. These offerings are customized to the respective application and include numerical control systems, inverters, converters, motors (geared and gearless), drives, and couplings. In addition, this division supplies integrated automation systems for machine tools and production machines. This division also offers integrated lifecycle solutions and services for industries, such as shipbuilding, cement, mining, and pulp and paper. With its e-Car business, this division develops motors and inverters for electric cars.

Customer Services

This division offers a portfolio of services and supports industrial customers in their efforts to increase their productivity. The portfolio includes product-related services and software solutions, such as condition monitoring designed to improve the environmental performance of industrial plants.

Metals Technologies

This business unit offers engineering and plant-building services for the iron and steel industry, and for the rolling sector of the aluminum and non-ferrous industries. This business unit provides technologies, solutions, and services for metallurgical plants, integrated steelworks, and minimills. Its integrated supply capability includes mechanical equipment, drives, motors, electrics, automation, mechatronics, technological packages, and environmental systems.

Customers and Markets

This sector’s principal customers are industrial customers in a range of markets, including transportation and logistics, metals and mining, machinery, utilities, and automotive. This sector is active worldwide, including in emerging markets, primarily those in Asia and Australia region.

Brands

Apart from the Siemens brand, this sector markets some parts of its portfolio under different brand names (such as Flender for gears or Winergy for wind turbine components) depending on geography and technology.

Distribution

This sector sells its products primarily through dedicated personnel in its worldwide network of regional sales units. In addition, it uses original equipment manufacturers, solution providers, installers, general contractors, third-party distributors, and independent agents.

Competition

The major competitors of the Industry Automation division include ABB, Schneider Electric, Rockwell, and Emerson Electric. Within its product lifecycle management business, this division also competes with Dassault Systèmes and PTC. Competitors of the Drive Technologies division include companies with business portfolios, such as ABB, Emerson Electric, and Mitsubishi Electric and also specialist companies, such as Fanuc, Yaskawa, WEG, and SEW. The major competitors of the Metals Technologies business unit include Danieli and SMS.

INFRASTRUCTURE & CITIES

This sector offers a range of technologies for increasing the sustainability of metropolitan centers and urban infrastructures worldwide, such as integrated mobility solutions, building and security systems, power distribution equipment, smart grid applications, and low and medium-voltage products.

In the year ended September 30, 2013, the company delivered 23 diesel electric locomotives to Iran Power Plant Projects Management Co., a private Iranian company, for resale to the Islamic Republic of Iran Railways, the official railway of the Government of Iran.

This sector consists of five divisions: Rail Systems; Mobility and Logistics; Low and Medium Voltage; Smart Grid; and Building Technologies.

Rail Systems

This division comprises the company’s rail vehicle business, such as the entire spectrum of rolling stock, including high-speed trains, commuter trains, passenger coaches, metros, people movers, light rail vehicles, locomotives, bogies, traction systems, and rail-related services. This division combines its expertise in the fields of mass transit, regional and long-distance transportation, driverless systems, traction systems, bogies, and onboard power supplies to offer know-how for sustainable rail vehicles.

Mobility and Logistics

This division primarily provides products, solutions (including IT solutions) and services for rail transportation operating systems, such as central control systems, interlockings, and automated controls. This division also provides offerings for road traffic, including traffic detection, information, and guidance systems. In the year ended September 30, 2013, this division acquired the rail automation business of Invensys plc., U.K., which provides signal services and rail control and communication solutions.

Low and Medium Voltage

This division supplies electrical grid operators, large industrial electricity consumers, and construction markets with medium and low-voltage electrical power equipment. This division also provides products, systems, and services for distributing electrical power from high-voltage transmission grid access to medium or low-voltage grids and for directing electrical power to end consumers and their access points. Medium voltage equipment includes distribution switchgear, control gear, circuit breakers and components for distributing and switching of electrical power coming from the high voltage transmission grid to the medium voltage distribution grid and within the medium voltage grid itself. The low voltage portfolio consists of power distribution boards, busbar trunking systems, distribution boards, and terminal blocks, as well as products for protecting, switching, measuring and monitoring devices and socket outlets.

Smart Grid

This division provides energy automation solutions, smart grid applications, transmission and distribution services, and rail infrastructure electrification solutions for mainline and mass transit applications. In addition, this division offers meter data management solutions and services relating to the planning of electric network grids, and the operation and maintenance of transmission and distribution products, systems, and solutions.

Building Technologies

This division offers products, services, and solutions for commercial, industrial, public, and residential buildings. Primary applications include building operation and automation, comfort, safety, and security. In addition, this division offers energy solutions and energy management services. This division’s offerings include heating and ventilation controls, security systems and devices for intruder detection, video surveillance and building access control, total room automation systems, and fire safety solutions for fire detection, protection alarms and non-water-based fire extinguishing.

Distribution

This sector distributes its products and services through its own dedicated sales force, supported by the company’s worldwide network of regional companies. In addition, the divisions of this sector use, to varying degrees, third-party distributors, panel builders, original equipment manufacturers, value added partners, installers, and general contractors.

Customers and Markets

This sector’s principal customers are industrial, infrastructure, and public customers in a range of markets, including construction and real estate, transportation and logistics and utilities. This sector is active worldwide, including in emerging markets, such as those in Asia and Australia region.

Competition

The major competitors of the Rail Systems division and the Mobility and Logistics division are Alstom, Ansaldo STS, Bombardier, and General Electric. The primary competitors of the Low and Medium Voltage division are ABB, Eaton, and Schneider Electric. The principal competitors of the Smart Grid division are ABB, Alstom, General Electric, and Schneider Electric. The major competitors of the Building Technologies division are Honeywell, Johnson Controls, Schneider Electric, and Tyco.

EQUITY INVESTMENTS

The major investments within this segment are:

A 50% stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH), Germany: BSH is a manufacturer of household appliances, offering a range of products tailored to customer needs and global megatrends alike.

A 17% stake in OSRAM Licht AG (OSRAM), Germany: OSRAM is a lighting manufacturer. Its portfolio covers the entire value chain from components to electronic control gears, as well as complete luminaires, light management systems, and lighting solutions.

A 49% stake in Enterprise Networks Holdings B.V. (EN), the Netherlands: EN is a provider of open communications, network, and security solutions to enterprise customers.

This segment holds the Atos S.A. (AtoS) shares, which the company received following the sale of Siemens IT Solutions and Services to AtoS.

FINANCIAL SERVICES

This segment provides various financial services and products to the company’s other units and their customers and to third parties. This segment conducts its business through seven business units, one business segment (Venture Capital), and two functions, Corporate Pensions and Trade Finance Advisory.

Commercial Finance

This business unit offers a range of solutions for equipment financing, leasing, rental and related financing for equipment supplied by the company or third-party providers.

Project & Structured Finance Energy; Project, Structured & Leverage Finance Healthcare; and Project & Structured Finance Infrastructure and Cities & Industry

These business units offer a range of project and structured financing solutions. Their offerings comprise debt financing, equity participations and financial advisory services. In addition, the Project, Structured & Leveraged Finance Healthcare business unit offers leveraged solutions across the company’s businesses.

These four business units each have a global mandate. The focus of their activities is directly or indirectly related to the company’s sectors’ businesses, primarily in the energy, healthcare, industry, and infrastructure markets. Their customers comprise the company’s sector customers, as well as third-party vendors. These business units serve customers of all sizes, including small- and medium-sized enterprises, corporations, and public sector organizations.

Treasury

This business unit operates the global Corporate Treasury of the company, with Financial Services employees thereby managing liquidity, cash, and financial risks (interest, foreign exchange, and commodities) on behalf of Corporate Treasury.

Financing & Investment Management

This business unit manages fee-based receivables and offers investment management services. Financial Services operates the Credit Warehouse, such as it is engaged in the process of monitoring and warehousing short-term trade receivables originated by the operating units and partially transferred to Corporate Treasury. The investment management services focus on pension asset management for the company, as well as selected external clients.

Insurance

This business unit acts primarily as an insurance broker for the company and external customers. This business unit supports the company and non-affiliated companies in all insurance-related matters, such as claims management, as well as risk transfer to insurance and financial markets, including structured solutions using own re-insurance capacities. It also acts as broker of selected company-financed insurance policies for employees.

Venture Capital

This business segment’s major task, together with the company’s sectors, is to identify and finance young companies worldwide during their start-up phase, thereby helping its sectors to access new technological solutions and tap new markets.

Financial Services’ products and services are provided through a network of companies, located throughout Europe (including Russia), the Asia Pacific (including China and India), and North America, comprising non-regulated, partially or fully regulated entities, such as Siemens Bank GmbH. Siemens Bank GmbH’s banking license, which is granted by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin), covers engaging in loan and guarantee business, as well as in deposit taking and enables access to the deposit and refinancing facilities of the Deutsche Bundesbank. In its transactions with the company and third parties, Financial Services observes international banking industry standards, where applicable.

Competition

This segment’s competitors include BNP Paribas Equipment Finance, De Lage Landen, General Electric Commercial Finance, Macquarie, Societe Generale Equipment Finance, and Sumitomo Mitsui Financial Group.

Acquisitions

In 2012, the company acquired all of the shares of five entities constituting the Connectors and Measurements division of Expro Holdings UK 3 Ltd. The acquired business engineers and manufactures subsea components, such as cable connectors, sensors, and measuring devices.

Dispositions and Discontinued Operations

In August 2013, the company completed the sale of its 50% stake in Nokia Siemens Networks Holding B.V., a supplier in the telecommunications infrastructure industry, held by the Equity Investments segment, to Nokia Corporation.

In the year ended September 30, 2013, the company decided to sell its Water Technologies business unit.

In 2012, the company completed the sale of its 25% stake in OAO Power Machines, held by the Energy sector.

Strategy

The company’s strategy comprises what it calls its three strategic directions, including focusing on innovation-driven growth markets, getting closer to its customers, and using the power of the company.

Environmental Matters

Some of the company’s products are subject to the Directive 2002/95/EC of the European Parliament and of the Council on the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (the RoHS Directive). The company is in compliance with current requirements under the RoHS Directive. The company is also subject to the Regulation (EC) No 1907/2006 of the European Parliament and of the Council concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals.

Research and Development

The company’s research and development activities are geared toward ensuring sustainable energy supplies and developing software solutions, which are essential to maintaining the long-term competitiveness of its sectors. Accordingly, major focus areas include increasing the efficiency of renewable and conventional energy sources for power generation; improving low-loss electricity transmission systems; developing new solutions for smart grids, carbon dioxide separation systems for power plants, and technologies for storing energy from fluctuating renewable sources; making medical imaging, in-vitro diagnostics, and healthcare IT an integral part of outcome oriented treatment plans; and further development of industrial software to accelerate processes at every point along the value chain.

Another major focus is promoting efficient energy use in buildings, industrial facilities, and the transport sector, including the development of electric drives and mass transportation systems, such as local and long-distance trains and subways. In the year ended September 30, 2013, the company reported research and development expenses of €4.291 billion.

Patents

As of September 30, 2013, the company held approximately 60,000 granted patents worldwide in its continuing operations.

Significant Events

In January 2014, Technologies LLC, a joint venture established by Power Machines OJSC and Siemens AG to produce and service gas.

In February 2014, Siemens and Russian Machines Corporation agreed to establish a joint venture. Siemens and Russian Machines aim to participate as joint partners in the invitation to tender for Moscow’s metro. The Russian capital wants to modernize its metro fleet and is planning to purchase approximately 2,000 cars.

In February 2014, Siemens partnered with UI Labs for next-generation innovation and manufacturing hub.

In March 2013, Siemens has announced its decision to invest in wind turbine production and installation facilities in Yorkshire.

In April 2014, Accenture plc and Siemens Aktiengesellschaft completed the formation of a joint venture company called OMNETRIC Group. OMNETRIC Group would bring together Siemens' smart grid products and solutions; Accenture's management and technology consulting, systems integration and managed-services capabilities.

In April 2014, Intel Security and a wholly-owned subsidiary of Intel Corporation, have announced that they are extending partnership to enhance the security offerings for industrial customers to protect against evolving cyber threats. This partnership will take advantage of the depth of both companies' security portfolios and further enhances the joint effort started in 2011.

In April 2014, Siemens Healthcare and the National Kidney Foundation have announced a new strategic alliance focusing on education, awareness and screening for kidney disease in high-risk individuals. This collaboration will reportedly leverage the testing recommendations from the NKF to improve detection among the 73 million Americans at risk for kidney disease.

In April 2014, Tangshan Iron and Steel Group Company Limited (Tangsteel) under Hebei Iron & Steel Group Co., Ltd. has inked framework agreement with Siemens Ltd. China for strategic cooperation in energy conservation and environmental.

In April 2014, Siemens AG and Beijing Automotive Industry Holding Co. Ltd. have formed a joint venture, Beijing Siemens Automotive E-Drive System Co. Ltd., to manufacture engines for hybrid and electric vehicles in China. The JV would manufacture components for the electric drive train including power-electronics and electric motors.

In June 2014, Siemens Ltd. announced that Siemens AG, Germany has entered into an agreement with Mitsubishi-Hitachi Metals Machinery, Inc., and Mitsubishi Heavy Industries for setting up a joint venture to operate in the business of metallurgical industry as a complete provider of plant, products and services for the iron, steel and aluminium industry.

Siemens AG had agreed with Mitsubishi Heavy Industries Ltd. to create a joint venture with that would provide products and services for the iron, steel and aluminum industry.

In August 2014, Siemens AG, Germany has entered into an agreement with Mitsubishi-Hitachi Metals Machinery, Inc. (MHMMI), and Mitsubishi Heavy Industries (MHI) for setting up a joint venture to operate in the business of metallurgical industry as a complete provider of plant, products and services for the iron, steel and aluminium Industry and that the Board of Directors its meeting held on June 8, 2014, has agreed in principle to transfer the Metals Technologies business of the company to a designated entity subject to such terms and conditions as may be decided later on.

In November 2014, LG Chem Ltd. and Siemens AG have agreed to collaborate on project development and marketing of industrial battery storage systems, and have signed a memorandum of understanding to this effect.

Mitsubishi Heavy Industries Ltd. (MHI) and Siemens AG announced the closing of their joint venture in the field of metallurgical industry. The new company is named Primetals Technologies, Limited and is headquartered in London, the U.K.

In January 2015, Siemens AG and Mitsubishi-Hitachi Metals Machinery Inc. have formed a joint venture (JV), Primetals Technologies Limited, to provide plants, products and services for the iron, steel and aluminum industry in London, UK.

In January 2015, Siemens AG has announced the signing of an agreement to start a joint venture with Mitsubishi Heavy Industries Ltd. under a new company, Primetals Technologies Ltd. of London.

In April 2015, Accenture plc has formed a joint venture with Siemens AG. The new JV will be called as OMNETRIC Group. Siemens and OMNETRIC are based in Germany. The new JV company OMNETRIC would provide smart grid solutions and services for utility companies.

Siemens is expanding its electromobility business by establishing a new location for the development, production and testing of electric powertrains for hybrid and electric vehicles.

In May 2015, Siemens and Duisburger Hafen have entered into an agreement to jointly develop new concepts for improving traffic in multimodal transportation hubs.

In June 2015, Siemens and BioNTech AG have entered into a strategic collaboration. BioNTech AG's subsidiaries, BioNTech RNA Pharmaceuticals GmbH and EUFETS GmbH, would work together with Siemens on the construction of a fully automated and digitalized production site to provide capacity for BioNTech's truly personalized cancer vaccines to serve worldwide markets.

In June 2015, Siemens has signed an agreement with Elia Grid International (EGI) to develop high-voltage projects in the Europe, Middle East and Africa (EMEA) region. The partners would collaborate to identify potential projects and clients, as well as on consulting and engineering the final implementation of the high-voltage infrastructure.

In September 2015, Siemens announced it has signed a global strategic partnership with GlaxoSmithKline to become a strategic partner of GSK in manufacturing automation. Siemens will also become the preferred automation provider for GSK production and R&D sites globally, including vaccines.

In October 2015, Siemens announced an expanded partnership with Georgia Institute of Technology (Georgia Tech), building upon a nearly two-decade relationship pursuing manufacturing innovation through software, conducting frontier-pushing research that supports digital product development, and preparing students to enter the science, technology, engineering and mathematics (STEM) workforce of the future.

In February 2016, Siemens has signed an agreement with Ecopark to build its first overseas innovation center for intelligent manufacturing in Qingdao, a coastal city in east China.

In March 2016, Siemens has signed a cooperation agreement with Qingdao Sino-German Ecopark on set-up of an innovation center in the park.

In March 2016, Rosneft and Siemens AG have signed an agreement on cooperation and partnership, which calls for studying opportunities for cooperation in the development of technical solutions and manufacturing allocation of equipment for the fuel and energy sector.

In April 2016, Airbus Group and Siemens announced that they signed long-term cooperation agreement in the Field of Hybrid Electric Propulsion Systems. Airbus Group and Siemens plan to jointly develop prototypes for various propulsion systems with power classes ranging from a few 100 kilowatts up to 10 and more megawatts, i.e. for short, local trips with aircraft below 100 seats, helicopters or UAVs up to classic short and medium-range journeys.

In April 2016, Valeo announced a project to enter into a 50/50 joint venture agreement with Siemens dedicated to high voltage powertrains. The joint venture would capitalize on Valeo's and Siemens' positions in their respective sectors, with the ultimate goal of creating a global leader in the fast-growing market of automotive electrification.

In April 2016, Panasonic and Siemens strive for the common advancement of digital production for the electronics industry.

In May 2016, Airbus Group and Siemens AG have signed a collaboration agreement in the field of hybrid electric propulsion.

In October 2016, Siemens AG and Atos SE announced within the framework of their strategic digital alliance since 2011, their reinforced cooperation to offer digital innovations for manufacturing companies: Atos prepares to offer ready-made applications, as well as integration, infrastructure and security services necessary to build customer-specific applications on the MindSphere platform. MindSphere has been designed as an open ecosystem to optimize plant performance by collecting and analyzing large datasets in industry.

In November 2016, Siemens and LO3 Energy are working to jointly develop microgrids that enable local energy trading based on blockchain technology.

History

Siemens Aktiengesellschaft was founded in 1847.

Country
Industry:
Founded:
1847
IPO Date:
01/02/1992
ISIN Number:
I_DE0007236101

Contact Details

Address:
Werner-von-Siemens-Strasse 1, Munich, Bavaria, 80333, Germany
Phone Number
49 89 3803 5491

Key Executives

CEO:
Busch, Roland
CFO
Peter Thomas, Ralf
COO:
Data Unavailable