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Siemens AG is a company that produces building, driving, energy, and industrial technologies for international entities.
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
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
