Key Stats
Siemens AG stands as one of the largest industrial manufacturing companies in Europe. The German multinational conglomerate specializes in electrical engineering and electronics, delivering solutions across multiple business segments.
The company operates through key divisions including Energy, Healthcare, Industry, Infrastructure and Cities, Equity Investments, and Financial Services. These segments provide products and services for power generation, medical imaging, industrial automation, mobility solutions, and infrastructure development.
Based in Munich, Siemens has established itself as a technology leader focused on industry, infrastructure, mobility, and healthcare. The company’s purpose centers on creating technology to transform everyday life for everyone by combining real and digital worlds.
Siemens History
Siemens Co-founders
Werner von Siemens was a German inventor and industrialist who founded the electrical engineering company. He invented the pointer telegraph and the self-excited generator, revolutionizing power engineering and communications technology across Europe.
Johann Georg Halske was a German master mechanic from Hamburg who established his own workshop in Berlin before partnering with Werner von Siemens. He contributed his constructive talent and expertise in electrical equipment design to the company.
Siemens Market Cap
Siemens AG maintains a strong market position with a capitalization of approximately $225 billion. The company ranks as the 73rd most valuable company globally according to current market data.
Siemens Revenue
The company generated revenue of $83.24 billion in fiscal year 2024. Revenue performance demonstrates consistent growth across most business segments with particular strength in Digital Industries and Smart Infrastructure divisions.
Siemens Acquisitions
Throughout its history, Siemens has pursued strategic acquisitions to strengthen its market position and expand capabilities. The company’s acquisition strategy focuses on enhancing technological expertise and entering new markets.
In 1991, Siemens acquired Nixdorf Computer AG and renamed it Siemens Nixdorf Informationssysteme AG to enter the personal computer market. This acquisition represented a significant move into computing hardware manufacturing.
The company purchased Westinghouse Power Generation in 1998 for more than $1.5 billion from CBS Corporation. This transaction elevated Siemens from third to second place in the global power generation market, significantly strengthening its energy portfolio.
Siemens sold its semiconductor operations in 1999, spinning them off into Infineon Technologies. The same year saw Siemens Nixdorf become part of Fujitsu Siemens Computers AG, with the retail banking technology group becoming Wincor Nixdorf.
In 2000, the Medical Engineering Group acquired Shared Medical Systems Corporation, which eventually became part of Siemens Medical Solutions. Atecs-Mannesmann was also acquired in 2000, with various divisions merging into different Siemens business units.
The wind energy company Bonus Energy in Denmark was acquired in 2004, forming the Siemens Wind Power division. The company also acquired Flender Holding GmbH in 2005, adding capabilities in gears and industrial drives.
Siemens purchased Bayer Diagnostics in 2006, incorporating it into the Medical Solutions Diagnostics division. The acquisition of UGS Corp in 2007 strengthened the company’s industrial software capabilities and digital transformation offerings.
In 2012, Siemens acquired the Rail division of Invensys for £1.7 billion, expanding its transportation technology portfolio. The company also acquired LMS International NV to enhance its simulation and testing capabilities.
Rolls-Royce’s gas turbine and compressor energy business was purchased in 2014 for £1 billion. This strategic acquisition reinforced Siemens’ position in power generation and industrial applications, complementing existing operations in the energy sector.
Siemens Competitors
Siemens faces competition from several global technology and industrial companies. The competitive landscape includes established players across automation, energy, healthcare, and infrastructure sectors with overlapping product portfolios and market presence.
| Company | Headquarters | Primary Focus |
|---|---|---|
| ABB | Zurich, Switzerland | Electrification, Automation, Robotics |
| Schneider Electric | Rueil-Malmaison, France | Energy Management, Automation |
| General Electric | Boston, USA | Aerospace, Energy, Healthcare |
| Honeywell | Charlotte, USA | Aerospace, Building Technologies |
| Rockwell Automation | Milwaukee, USA | Industrial Automation |
| Hitachi | Tokyo, Japan | Infrastructure, IT, Energy |
| Emerson Electric | St. Louis, USA | Automation Solutions |
| Philips | Amsterdam, Netherlands | Healthcare Technology |
| Mitsubishi Electric | Tokyo, Japan | Electronics, Automation |
| Alstom | Saint-Ouen, France | Railway Transport |
FAQs
What does Siemens AG do?
Siemens AG provides electrical engineering and electronics solutions across energy, healthcare, industry, infrastructure, and financial services. The company develops products for power generation, medical imaging, industrial automation, and smart infrastructure applications.
When was Siemens founded?
Siemens was founded on October 12, 1847, by Werner von Siemens and Johann Georg Halske in Berlin, Germany. The company initially specialized in manufacturing electrical telegraphs.
Where is Siemens headquarters located?
Siemens AG headquarters is located in Munich, Germany, at Werner-von-Siemens-Straße 1. The company opened its modern Munich headquarters in 2016 with space for 1,200 employees.
How many employees does Siemens have?
Siemens employs approximately 312,000 people worldwide as of September 2024. The workforce spans multiple countries and business divisions across continuing operations.
What are Siemens main competitors?
Siemens main competitors include ABB, Schneider Electric, General Electric, Honeywell, and Rockwell Automation. These companies compete in industrial automation, energy management, and infrastructure technologies.