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Siemens

Siemens

Siemens is a German multinational technology company focused on industry, infrastructure, mobility, and healthcare.

Overview

Siemens is a multinational technology company focused on industry, infrastructure, mobility, and healthcare. Siemens offer a wide range of technology and engineering products and services across many industries. In the fiscal year 2020, the Siemens Group had roughly 293,000 employees worldwide, generating €57.1 billion of revenue and a net income of€4.2 billion.

Formerly known as Siemens & Halske, the company was founded in 1847 and is headquartered in Munich, Germany. A German stock corporation with registered offices in Berlin and Munich, Siemens is subject to German corporate law. Therefore, Siemens has a two-tier management and oversight structure consisting of a Managing Board and a Supervisory Board (two-tier board structure).

Long-term growth fields for Siemens include electrification, automation, and digitalization. In addition to separately managed businesses for healthcare and wind, Siemens businesses are divided into eight divisions:

  • Power & Gas
  • Wind Power and Renewables
  • Energy Management
  • Building Technologies
  • Mobility
  • Digital Factory
  • Process Industries and Drives
  • Healthineers
  • Financial Services Division
  • Energy
History

The history of the company dates back to 1847 and Werner von Siemens's design for the pointer telegraph. The thirty-year-old inventor had an idea for improving the electric telegraph developed by Charles Wheatstone and William Fothergill Cooke. He established the telegraph construction company “Telegraphen-Bauanstalt von Siemens & Halske” with precision mechanic Johann Georg Halske to produce his new device. The company began operations on October 12, 1847, with ten employees working in a building in a back courtyard in Berlin.

Werner von Siemens and Johann Georg Halske, 1855

Timeline

July 2010
Siemens raises a $8,900,000 grant from U.S. Department of Energy.
October 12, 1847
Telegraphen-Bauanstalt von Siemens & Halske begin operations.

The company was founded by inventor Werner von Siemens and precision mechanic Johann Georg Halske in Berlin with 10 employees.

Funding Rounds

Products

Patents

Further Resources

Title
Author
Link
Type
Date

Discover Career Opportunites

Web

January 17, 2022

Plant planning with SIMARIS project | Preparation of tenders for electrical planning

Web

February 15, 2022

Siemens - More than just business

Web

August 28, 2013

The Autonomous Factory of the Future by Siemens

Web

October 29, 2021

News

Title
Author
Date
Publisher
Description
Kirsten Korosec
September 6, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before [...]
Conor Hale
August 23, 2021
FierceBiotech
The agency's de novo green light covers the Advia Centaur enhanced liver fibrosis test, or ELF test, which is currently available internationally.
August 13, 2021
WebWire
Siemens LDA has received an order from a Chinese customer to deliver a special machine with dual shaft extension. It can be used in motor operation with a power of 105 MW and as generator with up to 129 MVA in power generation mode. The motor will have an efficiency of beyond 98 percent and will be a world-leading 2-pole electric motor. Beside the motor, the contract includes the delivery of a 40 MW Sinamics GL150 starting frequency converter. This LCI-converter (load commutated inverter)...
August 10, 2021
BloombergQuint
The S&P BSE Sensex closed with gains of 0.23% at 54,402.85 on Monday. The 30-stock index rose 0.57% and fell 0.28% in intraday trade. The NSE Nifty 50 Index added 0.12% to 16,258.25 after trading between 16,200 and 16,300 for the bulk of the session.
August 3, 2021
WebWire
Siemens Digital Industries Software is sponsoring Team Sonnenwagen Aachen - a German student initiative focused on developing new sustainable mobility concepts - in the design and development process of the Sonnenwagen 3 solar race car. Sonnenwagen leverages Siemens' Teamcenter® software to address their challenge of coordinating and optimizing the interdependent areas of aerodynamics, mechanical and electrical systems, and vehicle structure on a tight schedule. By streamlining the excha...
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References

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