Siemens AG
From Freepedia
| Image:Siemens logo2.png | |
| Type | Aktiengesellschaft (Xetra: SIE) |
| Founded | 1847 in Berlin, Germany |
| Location | Munich, Germany |
| Key people | Klaus Kleinfeld, Chairman & CEO |
| Industry | Business Equipment |
| Products | Electronic Equipment |
| Revenue | Image:Green up.png €75.17 billion (2004) |
| Employees | 430,000 (2004) |
| Website | www.siemens.com |
Siemens AG (FWB: SIE, NYSE: SI) is the world's largest electronics company. Its international headquarters are in Munich, Germany. Siemens AG is listed on the Frankfurt Stock Exchange and also on the New York Stock Exchange since March 12, 2001. Worldwide, Siemens and its subsidiaries employ 440,000 people (2005) in 190 countries and reported global sales of €80,830 million in fiscal year 2004.
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History
It was founded by Werner von Siemens on October 1, 1847, based on the telegraph he had invented that used a needle to point to the sequence of letters, instead of using the Morse code. The company – then called Telegraphen-Bauanstalt von Siemens & Halske – took occupation of its workshop on October 12.
In 1848, the company built the first long-distance telegraph line in Europe, spanning 500 km from Berlin to Frankfurt am Main. In 1850 the founder's younger brother, Sir William Siemens (born Carl Wilhelm Siemens), started to represent the company in London. In the 1850s, the company was involved in building long distance telegraph networks in Russia. In 1855, a company branch opened in St Petersburg, headed by another brother, Carl von Siemens.
The company continued to grow and diversified into electric trains and light bulbs. In 1890, the founder retired and left the company to his brother Carl and sons Arnold and Wilhelm. Siemens & Halske (S&H) was incorporated in 1897.
In 1919, S&H and two other companies jointly formed the Osram lightbulb company. A Japanese subsidiary was established in 1923.
World War II
During the 1920s and 1930s, S&H started to manufacture radios, television sets, and electron microscopes. Before World War II Siemens was involved in the secret rearmament of Germany.
Post-war
In the 1950s, S&H started to manufacture computers, semiconductor devices, laundry machines, and heart pace makers. Siemens AG was incorporated in 1966. The company's first digital telephone exchange was produced in 1980. In 1988 Siemens and GEC acquired the UK defense and technology company Plessey. The holdings of Plessey were split; Siemens taking over the avionics, radar and traffic control businesses — renamed Siemens Plessey.
Image:Siemens in Munich – Company headquarters.jpg
In 1990, Siemens acquired failing Nixdorf Computer Company and renamed it Siemens Nixdorf Informationssysteme AG. This company has since turned profitable under the stewardship of Gerhard Schumeyer. In 1997 Siemens introduced the first GSM cellular phone with color display. Also in 1997 Siemens agreed with British Aerospace and DASA the sale of the defence arm of Siemens Plessey. BAe and DASA acquired the British and German arms of the operation respectively.
In 1999, Siemens' semiconductor operations were spun off into a new company that would become Infineon Technologies. Also, Siemens Nixdorf Informationssysteme AG formed part of Fujitsu Siemens Computers AG in that year.
In 2005 the Taiwanese company BenQ acquired the financially bleeding mobile phone subsidiary from Siemens and gained the exclusive right to use Siemens trademark for 5 years. Before transfering the mobile phone subsidiary to BenQ, Siemens invested 250 million euros and wrote off assets amounting to 100 million euros (www.newratings.com: Siemens sells mobile phone unit to BenQ). Siemens also acquired a 2.5% stake in BenQ for 50 million euros.
Key business areas of Siemens AG
- Communication and Information
- Automation and Control
- Power
- Transportation and Automotive
- Medical
- Lighting (Osram)
- Financing
- Real Estate
- Home Appliances
- Water Technologies (USFilter)
- Computers (Fujitsu Siemens)
- Business Services (Siemens Business Services GmbH)
Products
- Combino, ULF, and Avanto trams
- Desiro, ICE, and Transrapid trains
- Hicom Trading E
- Hicom 300
- HiPath
- MSR32R
- EWSD telephone exchanges
- Siemens Gigaset cordless telephones
- Siemens Mobile Phones - divested to BenQ in 2005
- Siemens Teleperm XP Control System
- Radio and core products for 2G and 3G Mobile Networks (GSM, UMTS, ...)
- Gas & Steam Turbines
- The Siemens Servo life support ventilator line
- MAGNETOM(TM) Espree
- SOMATOM(R) Sensation
- Tussy
- AXIOM Artis
- Symbia TruePoint SPECT-CT
Some of Siemens' recently acquired companies
- IndX Software (2004)
- Chrysler Group’s Huntsville Electronics Corporation (2004)
- USFilter Corporation (2004)
- Woodlands Technology (2004)
- Photo-Scan (2004)
- Alstom Industrial Turbine Business (2005)
- Jet Turbine Services (2005)
- Shaw Power (2005)
- Chantry Networks (2005)
- Myrio (2005)
- CTI Molecular Imaging (2005)
- Evoline (2005)
- VA Tech (2005)
Management
- CEO: Klaus Kleinfeld, 1957 ([1])
External links
- Official website
- Siemens USA official website
- Siemens Household Appliances
- Fujitsu-Siemens Computers official website
- Concert Software and Business Services
- Siemens Power Gerneration and Power Plants
- Siemens-Areva Nuclear Power Corporation
- Siemens Information Systems Ltd, Bangalore, INDIA
- Official Osram (USA) Site
- Official USFilter Site
Data
| DAX companies of Germany | |
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Categories: Companies traded on the New York Stock Exchange | Companies of Germany | Electronics companies | Networking companies | Brands
