Siemens

This article is about the German conglomerate. For other uses, see Siemens (disambiguation).

Siemens AG
Company typePublic (Aktiengesellschaft)
ISINDE0007236101
IndustryConglomerate
Predecessors
Founded1 October 1847; 177 years ago (1847-10-01)
Berlin, Kingdom of Prussia
FounderWerner von Siemens
HeadquartersMunich, Germany[1]
Area served
Worldwide
Key people
Roland Busch (CEO)
Jim Hagemann Snabe (Chairman)
Productsindustrial automation, drive technology, building technology, energy technology, financial services, medical technology, mobility solutions[buzzword], software
RevenueIncrease €77.769 billion (2023)[2]
Increase €11.201 billion (2023)[2]
Increase €8.529 billion (2023)[2]
Total assetsDecrease €145.067 billion (2023)[2]
Total equityDecrease €53.060 billion (2023)[2]
OwnerSiemens family (6.9%)
Number of employees
320,000 (2023)[2]
Divisions
Websitesiemens.com

Siemens AG (German pronunciation: [ˈziːməns] ⓘ[3][4][5] or [-mɛns][5]) is a German multinational technology conglomerate. It is focused on industrial automation, distributed energy resources, rail transport and health technology.[6] Siemens is the largest industrial manufacturing company in Europe,[7] and holds the position of global market leader in industrial 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).

  1. ^ "Corporate Information", Siemens Aktiengesellschaft.
  2. ^ a b c d e f "Earnings Release and Financial Results Q4 FY 2023". press.siemens.com. Retrieved 16 November 2023.
  3. ^ Dudenredaktion; Kleiner, Stefan; Knöbl, Ralf (2015) [First published 1962]. Das Aussprachewörterbuch [The Pronunciation Dictionary] (in German) (7th ed.). Berlin: Dudenverlag. ISBN 978-3-411-04067-4.
  4. ^ Krech, Eva-Maria; Stock, Eberhard; Hirschfeld, Ursula; Anders, Lutz Christian (2009). Deutsches Aussprachewörterbuch [German Pronunciation Dictionary] (in German). Berlin: Walter de Gruyter. ISBN 978-3-11-018202-6.
  5. ^ a b Wells, John C. (2008). Longman Pronunciation Dictionary (3rd ed.). Longman. ISBN 9781405881180.
  6. ^ a b "Siemens Report for Fiscal 2022" (PDF). Siemens. Retrieved 30 January 2022.
  7. ^ Sachgau, Oliver (7 November 2019). "Siemens Quarterly Profit Surge Comes With Cautious Outlook". Bloomberg.com. Retrieved 7 November 2019.
  8. ^ Höpner, Axel. "Siemens: Chef Roland Busch sieht enormes Potenzial in den USA". Handelsblatt (in German). Retrieved 7 July 2023.
  9. ^ Frankfurt Stock Exchange Archived 19 November 2015 at the Wayback Machine
  10. ^ "Apple bleibt wertvollstes Unternehmen: SAP und Siemens in den Top 100". FAZ.NET (in German). 29 December 2023. ISSN 0174-4909. Retrieved 29 December 2023.