MIRA INFORM REPORT

 

 

Report Date :

28.12.2013

 

IDENTIFICATION DETAILS

 

Name :

SIEMENS AG  

 

 

Registered Office :

Wittelsbacherplatz 2, Muenchen, 80333

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2012

 

 

Date of Incorporation :

28.08.1996

 

 

Com. Reg. No.:

HRB668

 

 

Legal Form :

Public Parent  Company

 

 

Line of Business :

Subject is an integrated technology company with activities in the fields of industry, energy and healthcare.

 

 

No. of Employees :

366,700

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

 

GermanY ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. By 2014, the federal government wants to balance its budget. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.

Source : CIA

 

 

 


Company name & address

 

Siemens AG 

Wittelsbacherplatz 2

Muenchen, 80333

Germany

Tel:       49-89-63600

Fax:      49-89-63652000

Web:     www.siemens.com

 

Healthcare Sector

Henkestrasse 127
D-91052 Erlangen
Germany

 

 

Synthesis 

 

Employees:                              366,700

Company Type:                        Public Parent

Corporate Family:                      1836 Companies

Traded:                                     XETRA: SIE

New York Stock Exchange:        SI

Incorporation Date:                     28-Aug-1996

Auditor:                                     Ernst & Young GmbH    

Financials in:                             USD (Millions)

Fiscal Year End:                        30-Sep-2012

Reporting Currency:                   Euro

Annual Sales:                           101,612.6  1

Net Income:                              5,785.6

Total Assets:                            140,259.3  2

Market Value:                           123,658.8 (30-Aug-2013)

 

 

Business Description     

 

Siemens AG is an integrated technology company with activities in the fields of industry, energy and healthcare. Siemens operates in six segments: Industry, Energy, Healthcare, Equity Investments, Siemens IT Solutions and Services and Siemens Financial Services (SFS). Industry, Energy and Healthcare are reported along with 14 divisions, which comprise the divisions, Industry Automation, Drive Technologies, Building Technologies, OSRAM, Industry Solutions and Mobility, belonging to the Industry Sector, the Divisions, Fossil Power Generation, Renewable Energy, Oil and Gas, Power Transmission and Power Distribution, belonging to the Energy Sector and the Divisions, Imaging and Information Technology (IT), Workflow and Solutions and Diagnostics, belonging to the Healthcare Sector. In July 2012, it divested a portfolio of over 40 patents and applications related to telecommunication network management and mobile multimedia. In August 2013, it divested its stake in Nokia Siemens Networks. For the nine months ended 30 June 2013, Siemens AG revenues decreased 2% to EUR55.41B. Net income before extraordinary items decreased 8% to EUR3.07B. Revenues reflect Energy Sector segment decrease of 4% to EUR19B, Industry Sector segment decrease of 5% to EUR13.06B, Asia/Australia segment decrease of 35% to EUR4.27B, United States segment decrease of 10% to EUR11.02B.

 

Industry             

Industry            Electromedical and Control Instruments Manufacturing

ANZSIC 2006:    2419 - Other Professional and Scientific Equipment Manufacturing

ISIC Rev 4:        2651 - Manufacture of measuring, testing, navigating and control equipment

NACE Rev 2:     2651 - Manufacture of instruments and appliances for measuring, testing and navigation

NAICS 2012:     334515 - Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals

UK SIC 2007:    2651 - Manufacture of instruments and appliances for measuring, testing and navigation

US SIC 1987:    3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals

 

           

Key Executives   

 

Name

Title

Joe Kaeser

President and Chief Executive Officer

Tom Kopanski

Senior Vice President, Sales—USA

Lothar Adler

Member of the Supervisory Board, Employee Representative

Rao Jagganath

President, Customer Services Division - Siemens Industry Inc

Terry Heath

President, Mobility and Logistics Division - Siemens Infrastructure & Cities

 

 

Financial Summary    

 

 

As of 30-Jun-2013

Key Ratios

Company

Industry

Current Ratio (MRQ)

1.21

2.15

Quick Ratio (MRQ)

0.81

1.45

Debt to Equity (MRQ)

0.83

0.55

Sales 5 Year Growth

1.56

7.30

Net Profit Margin (TTM) %

5.98

13.42

Return on Assets (TTM) %

4.29

11.38

Return on Equity (TTM) %

15.19

25.06

 

 

stock Snapshot  

 

 

Traded: XETRA: SIE

 

As of 30-Aug-2013

   Financials in: EUR

Recent Price

80.09

 

EPS

6.57

52 Week High

85.43

 

Price/Sales

0.90

52 Week Low

71.91

 

Dividend Rate

3.00

Avg. Volume (mil)

2.53

 

Price/Earnings

14.19

Market Value (mil)

70,559.29

 

Price/Book

2.23

 

 

 

Beta

1.08

 

Price % Change

Rel S&P 500%

4 Week

-4.37%

-0.79%

13 Week

1.38%

4.45%

52 Week

10.83%

-5.68%

Year to Date

0.65%

-5.45%

 

 

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7705342

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7719989

 

 

Corporate Overview

 

Location

Wittelsbacherplatz 2

Muenchen, 80333

Germany

Tel:       49-89-63600

Fax:      49-89-63652000

Web:    www.siemens.com

 

Quote Symbol - Exchange

SIE - XETRA

Sales EUR(mil):                         78,296.0

Assets EUR(mil):                       108,280.0

Employees:                               366,700

Fiscal Year End:                        30-Sep-2012

Industry:                                    Scientific and Technical Instruments

Incorporation Date:                     28-Aug-1996

Company Type:                         Public Parent

Quoted Status:                          Quoted

Registered No.():                        HRB6684

Parent Registered No.(UK):         DEU

CEO, IT Solutions & Services Inc.:John Evers

 

Industry Codes

ANZSIC 2006 Codes:

2419     -          Other Professional and Scientific Equipment Manufacturing

6419     -          Other Auxiliary Finance and Investment Services

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

6240     -          Financial Asset Investing

1090     -          Other Mining Support Services

8520     -          Pathology and Diagnostic Imaging Services

2429     -          Other Electronic Equipment Manufacturing

7000     -          Computer System Design and Related Services

 

ISIC Rev 4 Codes:

2651     -          Manufacture of measuring, testing, navigating and control equipment

6619     -          Other activities auxiliary to financial service activities

8690     -          Other human health activities

0910     -          Support activities for petroleum and natural gas extraction

620       -          Computer programming, consultancy and related activities

2811     -          Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

6499     -          Other financial service activities, except insurance and pension funding activities, n.e.c.

2610     -          Manufacture of electronic components and boards

 

NACE Rev 2 Codes:

2651     -          Manufacture of instruments and appliances for measuring, testing and navigation

6619     -          Other activities auxiliary to financial services, except insurance and pension funding

8690     -          Other human health activities

0910     -          Support activities for petroleum and natural gas extraction

6499     -          Other financial service activities, except insurance and pension funding, n.e.c.

2611     -          Manufacture of electronic components

620       -          Computer programming, consultancy and related activities

2811     -          Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

 

NAICS 2012 Codes:

334515  -          Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals

523910  -          Miscellaneous Intermediation

523930  -          Investment Advice

333611  -          Turbine and Turbine Generator Set Units Manufacturing

334413  -          Semiconductor and Related Device Manufacturing

541512  -          Computer Systems Design Services

621512  -          Diagnostic Imaging Centers

213112  -          Support Activities for Oil and Gas Operations

US SIC 1987:

3825     -          Instruments for Measuring and Testing of Electricity and Electrical Signals

6282     -          Investment Advice

3511     -          Steam, Gas, and Hydraulic Turbines, and Turbine Generator Set Units

6799     -          Investors, Not Elsewhere Classified

1389     -          Oil and Gas Field Services, Not Elsewhere Classified

8071     -          Medical Laboratories

7379     -          Computer Related Services, Not Elsewhere Classified

3674     -          Semiconductors and Related Devices

 

UK SIC 2007:

2651     -          Manufacture of instruments and appliances for measuring, testing and navigation

6619     -          Other activities auxiliary to financial services, except insurance and pension funding

8690     -          Other human health activities

0910     -          Support activities for petroleum and natural gas extraction

6499     -          Other financial service activities, except insurance and pension funding, n.e.c.

2611     -          Manufacture of electronic components

620       -          Computer programming, consultancy and related activities

2811     -          Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

 

Business Description

Siemens AG is an integrated technology company with activities in the fields of industry, energy and healthcare. Siemens operates in six segments: Industry, Energy, Healthcare, Equity Investments, Siemens IT Solutions and Services and Siemens Financial Services (SFS). Industry, Energy and Healthcare are reported along with 14 divisions, which comprise the divisions, Industry Automation, Drive Technologies, Building Technologies, OSRAM, Industry Solutions and Mobility, belonging to the Industry Sector, the Divisions, Fossil Power Generation, Renewable Energy, Oil and Gas, Power Transmission and Power Distribution, belonging to the Energy Sector and the Divisions, Imaging and Information Technology (IT), Workflow and Solutions and Diagnostics, belonging to the Healthcare Sector. In July 2012, it divested a portfolio of over 40 patents and applications related to telecommunication network management and mobile multimedia. In August 2013, it divested its stake in Nokia Siemens Networks.

 

Industry

The Company’s industry sector offers a range of products, services and solutions for the use of resources and energy, and improvements of productivity in industry and infrastructure. Its integrated technologies and holistic solutions address primarily industrial customers, such as process and manufacturing industries, and infrastructure customers, especially in the areas of transport, buildings and utilities. The portfolio spans industry automation and drives products and services, building, lighting and mobility solutions and services, and system integration and solutions for plant businesses. Its Industry Sector comprises the six Divisions, Industry Automation, Drive Technologies, Building Technologies, OSRAM, Industry Solutions and Mobility. The Industry Automation Division offers automation systems such as programmable logic controllers and process control systems, sensors such as process instrumentation and analytics, and industrial software such as product lifecycle management and manufacturing execution systems software. The Division’s portfolio ranges from standard products and systems for the manufacturing, processing and construction industries to solutions for entire industrial vertical markets, including automation solutions for entire automobile production facilities and chemical plants. The Drive Technologies Division offers integrated technologies that cover a wide range of drive applications with electrical components such as standard motors and drives for conveyor belts, pumps and compressors, heavy duty motors and drives for rolling steel mills, compressors for oil and gas pipelines and mechanical components such as gears for wind turbines and cement mills. Drive Technologies offers products such as automation systems and services for production machinery and machine tools.

 

The Building Technologies Division offers products, services and solutions for commercial, industrial, public and residential buildings, including building automation, comfort, building safety and security, low-voltage switchgear such as circuit protection and distribution products, and building operations. OSRAM supplies lighting solutions for all aspects of life and living environments, providing its customers with an extensive product portfolio of lamps such as incandescent, halogen, compact fluorescent, fluorescent, high-intensity discharge and Xenon lamps, opto-electronic semiconductor light sources such as light emitting diodes (LEDs), organic LEDs, high power laser diodes, LED systems and LED luminaires, relevant electronic equipment such as electronic ballasts and lighting control and management systems as well as precision material and components.

 

The Industry Solutions Division is Siemens’ systems integrator and solutions provider for industrial plant businesses, covering planning, construction, operation and maintenance over a plant’s entire lifecycle. With its water processing and raw material processing systems, the Division helps to increase the productivity and competitiveness of enterprises in various industries and to meet the need for environmentally compatible solutions. The Mobility Division’s goal is to network distinct transportation systems with one another to move people and goods efficiently. The Division combines Siemens’ products, solutions and services in operating systems for rail transportation such as central control systems, interlockings and automated train controls, for road traffic including traffic detection, information and guidance, for airport logistics including cargo tracking and baggage handling, for postal automation including letter parcel sorting, and for rail electrification, as well as rail vehicles for mass transit, regional, long-distance transportation, and locomotives.

 

Energy

The Company’s energy Sector offers a range of products, services and solutions for the generation, transmission and distribution of power, and the extraction, conversion and transport of oil and gas. It primarily addresses the needs of energy providers, but also serves industrial companies, particularly in the oil and gas industry. The Energy Sector covers the whole energy conversion chain. Its Energy Sector is made up of the six Divisions, Fossil Power Generation, Renewable Energy, Oil & Gas, Energy Service, Power Transmission and Power Distribution. The Fossil Power Generation Division offers high-efficiency products and solutions for fossil-based power generation. The offering extends from gas and steam turbines and generators to complete turnkey power plants. The Division concentrates on gas and steam turbines and turbo generators, including control systems, in the larger power range, with an emphasis on combined-cycle gas, steam power plants and conventional islands for nuclear power plants.

 

The Renewable Energy Division provides solutions for the production of electricity from renewable energy sources, including wind, solar thermal energy and photovoltaic. In the rapidly growing global wind power market, the Division builds wind turbines from 2.3 megawatts to 3.6 megawatts with rotor diameters spanning 82 to 120 meters for on- and offshore applications, provides services to off- and onshore wind farms and, in coordination with other Divisions within the Energy Sector ensures the efficient linking of wind farms to power grids. The Oil & Gas Division supplies high-efficiency products and on- and offshore solutions for the production transport and processing of oil, gas and water, which are used in the oil and gas industries, the petrochemical and chemical industries, as well as other industries.

 

The Energy Service Division offers comprehensive services, including parts and components, for complete power plants including on- and offshore wind farms as well as rotating machines such as gas and steam turbines, generators and compressors. The Power Transmission Division covers high-voltage transmission solutions, power transformers, high-voltage switching products and systems, and innovative alternating and direct current transmission systems. The Power Distribution Division combines medium-voltage components, systems and solutions, power automation solutions and products as well as services for power equipment and transmission and distribution networks. The Energy Sector distributes its products and services through its own dedicated sales force, supported by Siemens’s worldwide network of regional companies.

 

Healthcare

Siemens healthcare Sector offers portfolio of medical solutions across the value-added chain ranging from medical imaging to in vitro diagnostics to interventional systems and clinical information technology systems all from a single source. In addition, the Sector provides technical maintenance, professional and consulting services, and, together with SFS, financing to assist customers in purchasing the Sector’s products. The Sector comprises the three divisions: Imaging and Therapy Systems, Clinical Products and Diagnostics. The Imaging and Therapy Systems Division merges the business with large-scale medical devices for diagnostic imaging, which was previously included in the Imaging & IT Division, and therapy solutions, which was previously included in the Workflow & Solutions Division and Imaging & IT Division. The Clinical Products Division mainly comprises the business with ultrasound, mammography and x-ray equipment. The Clinical Products Division also comprises the internal supplier Components and Vacuum Technology, which also provides components to the Division Imaging & Therapy Systems.

 

Equity Investments

Equity Investments comprises equity stakes held by Siemens that are accounted for by the equity method, at cost or as current available-for-sale financial assets and which are not allocated to a Sector, a Cross-Sector Business, Siemens Real Estate (SRE), Pensions or Corporate Treasury for strategic reasons. Its main investments within Equity Investments are its stake of approximately 50 % in Nokia Siemens Networks B.V. (NSN), its 50 % stake in BSH Bosch und Siemens Hausgerate GmbH (BSH), its 49 % stake in Krauss-Maffei Wegmann GmbH & Co. KG (KMW), its 50% stake in ELIN GmbH & Co. KG, its 49% stake in Enterprise Networks Holdings B.V. (EN), as well as its 19.8% stake in GIG Holding GmbH.

 

Siemens IT Solutions and Services

Siemens IT Solutions and Services designs, builds and operates both discrete and large scale information and communications systems. It offers information technology and communications solutions from a single source both to third parties and to other Siemens entities.

 

Siemens Financial Services

Siemens Financial Services is an international provider of financial solutions in the business-to-business area. SFS supports Siemens, as well as third parties in the three industry areas of industry, energy, and healthcare. SFS finances infrastructure, equipment and working capital and supports and advises Siemens concerning financial risk and investment management. As of October 1, 2010, Siemens Financial Services was renamed Financial Services in connection with an application Siemens filed in Germany for a license to conduct banking business.

 

The Company competes with General Electric, ALSTOM Power and Mitsubishi Heavy Industries, ALSTOM Power, Bharat Heavy Electricals Limited, Toshiba, General Electric, ABB, Schneider Electric, Rockwell and Emerson Electric

 

More Business Descriptions

Siemens AG is an integrated technology company with activities in the fields of industry, energy and healthcare. Siemens operates in six segments: Industry, Energy, Healthcare, Equity Investments, Siemens IT Solutions and Services and Siemens Financial Services (SFS). Industry, Energy and Healthcare are reported along with 14 divisions, which comprise the divisions, Industry Automation, Drive Technologies, Building Technologies, OSRAM, Industry Solutions and Mobility, belonging to the Industry Sector, the Divisions, Fossil Power Generation, Renewable Energy, Oil and Gas, Power Transmission and Power Distribution, belonging to the Energy Sector and the Divisions, Imaging and Information Technology (IT), Workflow and Solutions and Diagnostics, belonging to the Healthcare Sector. In July 2012, it divested a portfolio of over 40 patents and applications related to telecommunication network management and mobile multimedia. In August 2013, it divested its stake in Nokia Siemens Networks. For the nine months ended 30 June 2013, Siemens AG revenues decreased 2% to EUR55.41B. Net income before extraordinary items decreased 8% to EUR3.07B. Revenues reflect Energy Sector segment decrease of 4% to EUR19B, Industry Sector segment decrease of 5% to EUR13.06B, Asia/Australia segment decrease of 35% to EUR4.27B, United States segment decrease of 10% to EUR11.02B.

 

Automation and Drives (A&D) - A&D produces and installs manufacturing automation systems, drives systems, low-voltage controllers and distributors, and process automation products and instrument systems. Industrial Solutions and Services (I&S) - I&S provides a range of facilities systems and services, including general contracting, to raw materials processing companies and infrastructure customers. Siemens Dematic (SD) - SD is active in the fields of factory and logistics automation. The segment engineers and provides turnkey systems and related components and services for electronics assembly systems, logistics and factory automation systems, postal automation systems, crane and drive technology, as well as mobile crane systems. Siemens Building Technologies (SBT) - SBT supplies products, systems and services for safety and security engineering, fire protection, heating and ventilation, and air conditioning. SBT also provides full facility management services as well as the planning and engineering of large-scale infrastructure project. Power Generation (PG) - PG provides customers worldwide with a broad range of products and services necessary for the conversion of energy into electricity and heat. This includes the design and construction of power plants, turbines and generators, and the production and development of alternative energy power sources. Power Transmission and Distribution (PTD) - PTD ensures, as a product supplier, system integrator and service provider, reliable and efficient transmission of electrical energy from the generating plant to the consumer. PTD provides the liberalized energy markets not only with tailormade IT solutions, but also enables power suppliers to outsource the operation and servicing of their electricity supply networks under service contracts with PTD. Transportation Systems (TS) - TS provides products and services for the rail industry, including signalling and control systems, railway electrification systems, complete heavy rail systems including rapid transit systems and locomotives, light rail systems and other rail vehicles. Siemens VDO Automotive (SV) - SV provides information, cockpit and car communication systems, including instrumentation, audio, navigation, multimedia and telmatics applications as well as system solutions for drive train, motor control electronics and fuel injection technology, safety products such as airbag and ABS electronics, and chassis electronic products. Medical Solutions (MED) - Med offers diagnostic and therapy systems such as CAT scanners, hearing instruments, magnetic resonance imagers and ultrasound and radiology devices. Osram - Osram designs, manufactures and sells general lighting products, automotive lighting, photo/optical lighting, and opto semiconductors. Infineon Technologies (Infineon) - Infineon's products include discrete and integrated semiconductor circuits and systems for wireless communications, computer networks and for use in automotive and industrial applications. There are also two Financing and Real Estate Segments

 

Electronics & Electrical Engineering Products Mfr

 

Siemens AG is primarily engaged in wholesale of gramophone, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.

 

Siemens AG (Siemens) is an engineering conglomerate, manufacturing a wide range of industrial and consumer products. The company offers products, services and solutions, which span energy; automation; chemicals and pharmaceuticals; food and beverages; metals; mining and cement; transportation and logistics; tourism and leisure; public sector; and healthcare sectors, among others. The company conducts its business through six reportable business segments, namely, Industry; Energy; Healthcare; Financial Services (SFS); Infrastructure & Cities and Equity Investments.The company carries out R&D activities in around 188 locations in various parts of the world, comprising around 29,500 R&D employees. It has partnership with various leading universities and institutes to carry out its R&D activities. The company has partnership with more than 600 universities spread across 70 countries around the world. Siemens through its research and development activities focus on improving its existing products and developing new ones. For the fiscal year ended September 2012, the company has spent around €4,238m towards research and development activities, reflecting an increase of 8.7% over the previous year. The patent applications filed by the company continues to rise in fiscal 2012. It has filed around 4,600 patent applications, reflecting an increase of 7% over the previous year. The patent portfolio of the company comprise approximately 57,300 patents worldwide. For the fiscal year ended 2012, the company's employees disclosed around 8,900 inventions.Geographically, the company operates through three regions, namely, Europe, Commonwealth of Independent States (C.I.S.), Africa, Middle East; Americas and Asia, Australia. For the fiscal year ended 2012, the Europe, C.I.S., Africa, Middle East region accounted for 50.97% of the company’s total revenue, followed by Americas with 29.2% and Asia, Australia with 19.83%.In March 2013, the Low and Medium Voltage Division of the company's Infrastructure & Cities segment was awarded an order by Toyota Tsusho Corp. to build 24 transformer substations for the Iraqi Electricity Ministry. In February 2013, SABIC Polyolefine GmbH and Siemens Smart Grid to jointly develop solution for energy data management in energy-intensive industries. In the same month, the to equip copper mine in Peru. In February 2013, the company launched its new 4 MW offshore wind turbine at the annual conference of the European Wind Energy Association in Vienna. In February 2013, the company converted telecommunications and multimedia business into legally separate unit. In the same month, the company received a contract for supplying turbo compressors and mechanical drive gas turbines for a major Liquefied Natural Gas (LNG) project in Malaysia. In February 2013, the company received an order worth €700m from wpd group to supply and install 80 wind turbines for the Butendiek offshore wind power plant in the Germany's North Sea coast. In the same month, Nokia Siemens Networks (NSN), the Nokia Oyj and Siemens AG joint venture, received a 4G/LTE order from Docomo Pacific in Guam. In January 2013, the company receives service support contract at Gatwick airport. In the same month, the company was commissioned by Danish railway infrastructure operator Banedanmark to equip 840 rail vehicles with Global System for Mobile Communication Railways technology. In the same month, the company rolls out new system platforms for network control technology. On January 31, 2013, the company received an Airbus order for factory maintenance in Toledo. In December 2012, the company received an order from Florida Power & Light for the delivery of three additional SGT6-8000H gas turbine and generators. In the same month, the company received an order from Irish utility Bord na Mona for the delivery and servicing of 42 direct-drive wind turbines for two onshore wind power plants.

 

Siemens AG (Siemens) is a leading electronics and electrical engineering company. It mainly operates in the fields of industrial, energy, healthcare and infrastructure sectors. The company conducts its business through six reportable segments, namely, Industry; Energy; Healthcare; Financial Services (SFS); Infrastructure & Cities and Equity Investments. The company has more than 290 major production and manufacturing plants worldwide. It also have research and development facilities, warehouses, office buildings or sales offices in nearly every country around the globe. Siemens is headquartered in Munich, Germany.The company’s business strategy focuses on strengthening its operations, capturing new business opportunities, conducting product development and enhancing future performance.The company reported revenues of (Euro) EUR 78,296.00 million during the fiscal year ended September 2012, an increase of 6.85% over 2011. The operating profit of the company was EUR 7,044.00 million during the fiscal year 2012, a decrease of 14.76% from 2011. The net profit of the company was EUR 4,458.00 million during the fiscal year 2012, a decrease of 27.44% from 2011.

 

For more than 150 years after it was founded, Siemens AG remains one of the world's largest and most respected companies in the field of electrical engineering and electronics. Headquartered in Berlin and Munich, Germany, the company is one of the world's largest electrical engineering and electronics organizations. A worldwide employer of nearly a half million people, Siemens provides innovative technologies and comprehensive know-how to benefit customers in nearly 200 countries. The company specializes in the areas of information and communications, automation and control, power, transportation, medical and lighting. At the close of September 2006, Siemens had sales greater than €87 billion and net income in excess of €3.033 billion.

 

Brand/Trade Names

SIEMENS

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

78,296.0

Net Income:

4,458.0

Assets:

108,280.0

Long Term Debt:

16,881.0

 

Total Liabilities:

77,549.0

 

Working Capital:

11.1

 

 

 

Date of Financial Data:

30-Sep-2012

 

1 Year Growth

6.9%

-29.8%

3.9%

 

Market Data

Quote Symbol:

SIE

Exchange:

XETRA

Currency:

USD

Stock Price:

80.1

Stock Price Date:

08-30-2013

52 Week Price Change %:

10.8

Market Value (mil):

93,420,128.0

 

SEDOL:

5727973

ISIN:

DE0007236101

 

 

Subsidiaries

Company

Percentage Owned

Country

Siemens IT Solutions and Services EOOD

100%

BULGARIA

Siemens Healthcare Diagnostics ApS

100%

DENMARK

Venture Strategy Cayman Partners L.P.

99%

CAYMAN ISLANDS

addIT Dienstleistungen GmbH & Co KG

100%

AUSTRIA

Siemens d.d.

96.57%

CROATIA

Siemens Financial Services Ltd

100%

UK

Siemens Hearing Instruments Ltd

100%

UK

Siemens plc

100%

UK

Siemens France Holding SASU

100%

FRANCE

IBS AG

81%

GERMANY

OSRAM Middle East FZE

100%

UNITED ARAB EMIRATES

Siemens, S.A.

100%

PORTUGAL

Siemens Standard Motors Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens AG

100%

UZBEKISTAN

Tecnomatix Technologies SARL

100%

LUXEMBOURG

TFM International SA

100%

LUXEMBOURG

Siemens doo

100%

MONTENEGRO

Siemens Audiologie Technik BV

100%

NETHERLANDS

Siemens Diagnostics Holding II BV

100%

NETHERLANDS

Siemens Finance BV

100%

NETHERLANDS

Siemens Financieringsmaatschappij NV

100%

NETHERLANDS

Siemens Healthcare Diagnostics BV

100%

NETHERLANDS

Siemens Industry Software B.V.

100%

NETHERLANDS

Siemens International Holding BV

100%

NETHERLANDS

Siemens S.A.

 

HONDURAS

Siemens Medical Solutions Diagnostics Holding I BV

100%

NETHERLANDS

OSRAM AS

100%

NORWAY

Siemens Healthcare Diagnostics AS

100%

NORWAY

Siemens Höreapparater AS

67%

NORWAY

Arbeitsmarktservice BetriebsgmbH & Co KG

60%

AUSTRIA

ComBuild Kommunikations & Gebäudetechnologie GmbH

100%

AUSTRIA

IBS engineering consulting software GmbH

100%

AUSTRIA

ETM professional control GmbH

100%

AUSTRIA

FSG Financial Services GmbH

100%

AUSTRIA

Hochquellstrom-Vertriebs GmbH

100%

AUSTRIA

Caribbean Industrial and Medical Services Limited

100%

TRINIDAD AND TOBAGO

ITH icoserve technology for healthcare GmbH

69%

AUSTRIA

KDAG Beteiligungen GmbH

100%

AUSTRIA

Landis & Staefa (Austria) GmbH

100%

AUSTRIA

Landis & Staefa Gebäudemanagement-Beteiligungen GmbH

100%

AUSTRIA

Landis & Staefa GmbH

100%

AUSTRIA

SIELOG Systemlogik GmbH

76%

AUSTRIA

Saudi VOEST-ALPINE GmbH

100%

AUSTRIA

Siemens Gebäudemanagement & -Services G.m.b.H

100%

AUSTRIA

Siemens Healthcare Diagnostics GmbH

100%

AUSTRIA

Siemens Konzernbeteiligungen GmbH

100%

AUSTRIA

Siemens Liegenschaftsverwaltung GmbH

100%

AUSTRIA

Siemens Mitarbeitervorsorgekasse AG

100%

AUSTRIA

Siemens Personaldienstleistungen GmbH & Co KG

100%

AUSTRIA

Siemens Ukraine

100%

UKRAINE

Steiermärkische Medizinarchiv GesmbH

52%

AUSTRIA

Trench Austria GmbH

100%

AUSTRIA

VVK Versicherungs-Vermittlungs- and Verkehrs-Kontor GmbH

100%

AUSTRIA

Audio SAT Polska Sp zoo

100%

POLAND

DPC Polska Sp zoo

100%

POLAND

OSRAM Sp zoo

100%

POLAND

Siemens Finance Sp zoo

100%

POLAND

TurboCare Sp zoo

80%

POLAND

Siemens Power Engineering Pvt Ltd

100%

INDIA

Siemens VAI Metals Technologies Private Limited

100%

INDIA

Winergy Drive Systems India Pvt Ltd

100%

INDIA

Siemens Healthcare Diagnostics Unipessoal Lda

100%

PORTUGAL

OSRAM Romania SRL

100%

ROMANIA

SIEMENS (AUSTRIA) PROIECT SPITAL COLTEA SRL

100%

ROMANIA

Siemens Program and System Engineering S.R.L

100%

ROMANIA

Siemens S.R.L

100%

ROMANIA

SIMEA SIBIU S.R.L

100%

ROMANIA

OAO OSRAM

100%

RUSSIA

OOO Siemens

100%

RUSSIA

OOO Siemens Transformers

100%

RUSSIA

OOO Siemens Elektrozavod High-voltage Engineering

51%

RUSSIA

OOO Siemens High Voltage Products

100%

RUSSIA

OSRAM Indonesia, PT

100%

INDONESIA

Siemens Hearing Instruments, PT

100%

INDONESIA

OSRAM Lamp (P.J.S) Co

51%

IRAN

Siemens Sherkate Sahami (Khass)

96%

IRAN

Robcad Limited

100%

ISRAEL

Siemens Product Lifecycle Management Software (IL) Ltd

100%

ISRAEL

Siemens Product Lifecycle Management Software 2 (IL) Ltd

100%

ISRAEL

UGS Israel i Holdings (Israel) Ltd

100%

ISRAEL

Siemens Nederland NV

100%

NETHERLANDS

Transport & Distribution Inc

100%

USA

Siemens Healthcare Diagnostics C.A

100%

VENEZUELA

TurboCare C.A

100%

VENEZUELA

Beijing Siemens Cerberus Electronics Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Chengdu KK&K Power Fan Co. Ltd

51%

PEOPLE'S REPUBLIC OF CHINA

DPC (Tianjin) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Morgan Mill Parts (Shanghai) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Transformers S.p.A.

100%

ITALY

Trench Italia S.r.l.

100%

ITALY

TurboCare S.p.A.

100%

ITALY

Morgan Rolling Mill (Shanghai) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

MWB (Shanghai) Co Ltd

65%

PEOPLE'S REPUBLIC OF CHINA

OSRAM China Lighting Ltd

90%

PEOPLE'S REPUBLIC OF CHINA

OSRAM Kunshan Display Optic Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Building Technologies (Tianjin) Ltd

70%

PEOPLE'S REPUBLIC OF CHINA

Siemens Electrical Drives (Shanghai) Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens VAI Metals Technologies GmbH

100%

AUSTRIA

VA TECH International Argentina SA

100%

ARGENTINA

Siemens Sociedad Anónima

100%

BOLIVIA

Iriel Ind. Com. Sist. Eletr. Ltda

100%

BRAZIL

Siemens Sp. z.o.o.

98.3%

POLAND

Siemens Japan KK

100%

JAPAN

OSRAM do Brasil Lampadas Elétricas Ltda

100%

BRAZIL

Siemens Eletroeletronica Limitada

100%

BRAZIL

Siemens Healthcare Diagnósticos Ltda

100%

BRAZIL

Siemens VAI Metals Services Ltda

100%

BRAZIL

innotec do Brasil Ltda

100%

BRAZIL

VAI – INGDESI Automation Ltda

100%

BRAZIL

Osram Opto Semiconductors (Malaysia) Sdn Bhd

100%

MALAYSIA

Dade Behring Hong Kong Holdings Corporation

100%

BRITISH VIRGIN ISLANDS

OSRAM Chile Ltda

100%

CHILE

Siemens Healthcare Diagnostics S.A.

51%

COSTA RICA

Siemens Healthcare Diagnostics SA

100%

DOMINICAN REPUBLIC

Siemens srl

100%

DOMINICAN REPUBLIC

Siemens Healthcare Diagnostics, S.A.

100%

GUATEMALA

Siemens Electrotécnica SA

100%

GUATEMALA

Dade Behring Holdings Hong Kong Ltd

100%

CAYMAN ISLANDS

Siemens Healthcare Diagnostics Manufacturing Limited

100%

CAYMAN ISLANDS

Siemens Medium Voltage Switching Technologies (Wuxi) Ltd

85%

PEOPLE'S REPUBLIC OF CHINA

OSRAM Sylvania Ltd

100%

CANADA

Siemens Canada Ltd

100%

CANADA

Siemens Financial Ltd

100%

CANADA

SIEMENS HEALTHCARE DIAGNOSTICS Ltd

100%

CANADA

OOO Siteco

100%

RUSSIA

Siemens Transformers Canada Inc

100%

CANADA

Siemens Concentrated Solar Power Ltd.

100%

ISRAEL

Siemens S.A.

 

PANAMA

Siemens Holding, S.L.

 

SPAIN

RuggedCom Ltd

100%

ISRAEL

Siemens Inc

100%

PHILIPPINES

Arabia Electric Ltd

51%

SAUDI ARABIA

Siteco Lighting Austria GmbH

100%

AUSTRIA

Siemens Pakistan Engineering Company Limited

66%

PAKISTAN

Traxon Supply USA Inc

100%

USA

TurboCare Inc

100%

USA

Wheelabrator Air Pollution Control Inc

100%

USA

Winergy Drive Systems Corp

100%

USA

Siemens Industry Software GmbH

100%

AUSTRIA

Siemens Turbomachinery Equipment GmbH

 

GERMANY

Siemens Ltd - Seoul

 

SOUTH KOREA

Siemens SPA

100%

ALGERIA

Siemens Medical Solutions Diagnostics Europe Ltd

100%

REPUBLIC OF IRELAND

Iscosa Industries and Maintenance Limited

51%

SAUDI ARABIA

Siemens Høreapparater A/S

100%

DENMARK

Siemens Global Innovation Partners Management GmbH

100%

GERMANY

Siemens S.A.

 

NICARAGUA

SIM 2. Grundstücks-GmbH & Co. KG i. L.

100%

GERMANY

SIM 16. Grundstücksverwaltungs- und -beteiligungs-GmbH & Co KG

100%

GERMANY

SVM Star Ventures Managementgesellschaft

99%

GERMANY

AS AUDIO-SERVICE Gesellschaft mit beschränkter Haftung

100%

GERMANY

Airport Munich Logistics and Services GmbH

100%

GERMANY

Alpha Verteilertechnik GmbH

100%

GERMANY

Atecs Mannesmann GmbH

100%

GERMANY

Berliner Vermögensverwaltung GmbH

100%

GERMANY

BWI Services GmbH

100%

GERMANY

CAPTA Grundstücksgesellschaft mbH & Co. KG

100%

GERMANY

Siemens Healthcare Diagnostics Products Limited

100%

UK

DA Creative GmbH

100%

GERMANY

Dade Behring Beteiligungs GmbH

100%

GERMANY

Dade Behring Grundstücks GmbH

100%

GERMANY

DPC Holding GmbH

100%

GERMANY

EDI – USS Umsatzsteuersammelrechnungen and Signaturen GmbH & Co. KG

100%

GERMANY

ELIN Energietechnik GmbH

100%

GERMANY

Siemens Bangladesh Limited

100%

BANGLADESH

Exemplar Health (SCUH) Holdings 4 Pty Limited

100%

AUSTRALIA

Siemens SA/NV

100%

BELGIUM

GyM Renewables ONE Limited

100%

UK

Siemens Hearing Instruments Ltd.

100%

UK

Chung Tak Lighting Control Systems (Guangzhou) Ltd.

59%

PEOPLE'S REPUBLIC OF CHINA

Siemens Sensors & Communication Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Pensionskasse AG

100%

AUSTRIA

Siemens Medical Solutions Servicios S de RL de CV

100%

MEXICO

Siemens Servicios SA de CV

100%

MEXICO

OSRAM de Perú SAC

100%

PERU

Siemens Healthcare Diagnostics SA

100%

URUGUAY

Siemens Telecomunicaciones SA

51%

URUGUAY

IBS America Inc

100%

USA

Mannesmann Corp

100%

USA

Nimbus Technologies LLC

100%

USA

OSRAM Opto Semiconductors Inc

100%

USA

OSRAM SYLVANIA Inc

100%

USA

OSRAM SYLVANIA Products Inc

100%

USA

OSRAM Sylvania Puerto Rico Corp

100%

USA

P.E.T.NET Houston LLC

51%

USA

PETNET Indiana LLC

50%

USA

PETNET Solutions Cleveland LLC

63%

USA

PETNET Solutions Inc

100%

USA

Schlesinger-Siemens Electrical LLC

51%

USA

Siemens Capital Company LLC

100%

USA

Siemens Corporation

100%

USA

Siemens Credit Warehouse Inc

100%

USA

Siemens Demag Delaval Turbomachinery Inc

100%

USA

Siemens Diagnostics Finance Co. LLC

100%

USA

Siemens Energy Inc

100%

USA

Siemens S.A.

 

COLOMBIA

Siemens Financial Services Inc

100%

USA

Siemens Financial Inc

100%

USA

Siemens Fossil Services Inc

100%

USA

Siemens Generation Services Company

100%

USA

Siemens Healthcare Diagnostics Inc

100%

USA

Siemens Hearing Instruments Inc

100%

USA

Siemens Industry Holdings Inc

100%

USA

Siemens Medical Solutions USA Inc

100%

USA

Siemens Molecular Imaging Inc

100%

USA

Siemens Power Generation Service Company Ltd

100%

USA

Siemens Product Lifecycle Management Software II (US) Inc

100%

USA

Siemens Product Lifecycle Management Software Inc

100%

USA

Siemens Public Inc

100%

USA

Siemens Treated Water Outsourcing Corp

100%

USA

Siemens Financial Services Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Gas Turbine Parts Ltd

51%

PEOPLE'S REPUBLIC OF CHINA

Siemens Healthcare Diagnostics (Shanghai) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens High Voltage Switchgear Guangzhou Ltd

94%

PEOPLE'S REPUBLIC OF CHINA

Siemens High Voltage Switchgear Ltd

51%

PEOPLE'S REPUBLIC OF CHINA

Siemens Industrial Automation Ltd

90%

PEOPLE'S REPUBLIC OF CHINA

Siemens WLL

51%

BAHRAIN

Siemens Industrial Turbomachinery (Huludao) Co. Ltd

84%

PEOPLE'S REPUBLIC OF CHINA

Siemens International Trading Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Mechanical Drive Systems (Tianjin) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Medical Solutions Diagnostics Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens PLM Software (Shenzhen) Limited

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Power Automation Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Power Equipment Packages Co. Ltd

65%

PEOPLE'S REPUBLIC OF CHINA

Siemens Power Plant Automation Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Process Analytics Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Enterprise Communications

100%

BRAZIL

OSRAM Holding Company Ltd

100%

HONG KONG SAR

OSRAM Lighting Control Systems Ltd

65%

HONG KONG SAR

OSRAM Opto Semiconductors Asia Ltd

100%

HONG KONG SAR

Siemens Healthcare Diagnostics Limited

100%

HONG KONG SAR

Siemens Water Technologies International Sales Ltd

100%

HONG KONG SAR

Traxon Technologies Ltd

51%

HONG KONG SAR

Morgan Construction Company India Private Limited

100%

INDIA

Powerplant Performance Improvement Ltd

50%

INDIA

Siemens AG

100%

AZERBAIJAN

Siemens LLC

51%

OMAN

VA TECH (UK) Ltd

100%

UK

VA TECH Reyrolle (Overseas Projects) Ltd

100%

UK

VA Tech Reyrolle Distribution Ltd

100%

UK

VA TECH T & D UK Ltd

100%

UK

VTW Anlagen UK Ltd

100%

UK

Europlex Technologies (Ireland) Limited

100%

REPUBLIC OF IRELAND

iMetrex Technologies Limited

100%

REPUBLIC OF IRELAND

CAPTA Grundstücks-Verwaltungsgesellschaft mbH

100%

GERMANY

Siemens AB

100%

SWEDEN

Siemens Limited Taiwan

100%

TAIWAN

ETSI Technologies Inc

 

PHILIPPINES

Siemens Beteiligungen Management GmbH

100%

GERMANY

Mechanik Center Erlangen GmbH

 

Germany

OPTIO Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Tübingen KG

 

Germany

Grupo Siemens S.A. de C.V.

 

Mexico

Siemens Ltd.

 

Peoples Republic of China

Siemens Spa

 

 

Siemens Ltd.

 

South Korea

MWB (Shanghai) Co., Ltd.

 

Peoples Republic of China

Siemens Eromutechnika Kft.

 

Hungary

Siemens Kenya Ltd.

 

Kenya

Siemens s.r.o.

 

Czech Republic

Siemens Electric Machines s.r.o.

 

Czech Republic

P.T. Siemens Indonesia

 

Indonesia

Siemens Financieringsmaatschappij N.V.

 

Netherlands

Flender-Graffenstaden SAS

 

France

GERMON Verwaltungsgesellschaft mbH & Co. KG

 

Germany

FACTA Grundstücks-Entwicklungs- und Verwaltungsgesellschaft mbH

 

Germany

Berliner Vermögensverwaltung GmbH

 

Germany

Siemens Technopark Berlin Verwaltungsgesellschaft mbH

 

Germany

HSP Hochspannungsgeräte GmbH

 

Germany

Siemens Nixdorf Informationssysteme GmbH

 

Germany

Siemens Beteiligungen Inland GmbH

100%

GERMANY

Siemens Beteiligungen USA GmbH

100%

GERMANY

Siemens Beteiligungsverwaltung GmbH & Co. OHG

100%

GERMANY

Siemens Building Technologies Holding GmbH

100%

GERMANY

Siemens Energy Automation GmbH

100%

GERMANY

Siemens Fuel Gasification Technology GmbH & Co. KG

100%

GERMANY

Siemens Healthcare Diagnostics Beteiligungen GmbH

100%

GERMANY

Siemens Healthcare Diagnostics GmbH

100%

GERMANY

Siemens Healthcare Diagnostics Holding GmbH

100%

GERMANY

Siemens Healthcare Diagnostics Products GmbH

100%

GERMANY

Siemens Industriegetriebe GmbH

100%

GERMANY

Siemens Industriepark Karlsruhe GmbH & Co. KG

100%

GERMANY

Siemens Industry Software GmbH & Co. KG

100%

GERMANY

Siemens Kapitalanlagegesellschaft mbH

100%

GERMANY

Siemens Medical Solutions Health Services GmbH

100%

GERMANY

Siemens Nixdorf Informationssysteme GmbH

100%

GERMANY

Siemens Power Control GmbH

100%

GERMANY

Siemens Private Finance Versicherungs- and Kapitalanlagenvermittlungs-GmbH

100%

GERMANY

Siemens SA

100%

MOROCCO

Siemens Programm- and Systementwicklung GmbH & Co. KG

100%

GERMANY

Siemens Project Ventures GmbH

100%

GERMANY

Siemens Real Estate GmbH & Co. OHG

100%

GERMANY

Siemens Technology Accelerator GmbH

100%

GERMANY

Siemens Technopark Berlin GmbH & Co. KG

100%

GERMANY

Siemens Technopark Mülheim GmbH & Co. KG

100%

GERMANY

Siemens Technopark Nürnberg GmbH & Co. KG

100%

GERMANY

Siemens VAI Metals Technologies GmbH

100%

GERMANY

Siemens Venture Capital GmbH

100%

GERMANY

Siemens Wind Power GmbH

100%

GERMANY

SILLIT Grundstücks-Verwaltungsgesellschaft mbH

100%

GERMANY

SIMAR Nordost Grundstücks-GmbH

100%

GERMANY

SIMAR Nordwest Grundstücks-GmbH

100%

GERMANY

Mechanik Center Erlangen GmbH

100%

GERMANY

Voith Siemens Hydro Power Generation Ltda.

100%

BRAZIL

SIMAR Ost Grundstücks-GmbH

100%

GERMANY

SIMAR South Grundstücks-GmbH

100%

GERMANY

SIMAR West Grundstücks-GmbH

100%

GERMANY

SIMOS Real Estate GmbH

100%

GERMANY

sinius GmbH

100%

GERMANY

Steinmüller Engineering GmbH

60%

GERMANY

SYKATEC Systeme Komponenten Anwendungstechnologie GmbH & Co. KG

100%

GERMANY

TGB Technisches Gemeinschaftsbüro GmbH

100%

GERMANY

TLT-Turbo GmbH

100%

GERMANY

Turbine Airfoil Coating and Repair GmbH

100%

GERMANY

Vermietungsgesellschaft Objekt 12 GmbH & Co. Objekt München KGi.L

95%

GERMANY

VIB Verkehrsinformationsagentur Bayern GmbH

51%

GERMANY

VMZ Berlin Betreibergesellschaft mbH

100%

GERMANY

VR-LEASING IKANA GmbH & Co. Immobilien KG

94%

GERMANY

VVK Versicherungsvermittlungs- and Verkehrskontor GmbH

100%

GERMANY

Weiss Spindeltechnologie GmbH

100%

GERMANY

Oktopus SA/NV

100%

BELGIUM

VRcontext International S.A.

100%

BELGIUM

Siemens Healthcare Diagnostics Services Sprl

100%

BELGIUM

Siemens Product Lifecycle Management Software (BE) NV

100%

BELGIUM

Siteco Lighting Benelux BVBA

100%

BELGIUM

OSRAM doo

100%

BOSNIA AND HERZEGOVINA

Siemens doo

100%

BOSNIA AND HERZEGOVINA

Security Management Technologies Bulgaria EOOD

100%

BULGARIA

OSRAM AS

100%

DENMARK

Siemens Industry Software A/S

100%

DENMARK

Osaühing Siemens Medical Solutions Diagnostics

100%

ESTONIA

OY OSRAM AB

100%

FINLAND

Siemens Healthcare Diagnostics OY

100%

FINLAND

Flender-Graffenstaden SAS

100%

FRANCE

OSRAM SASU

100%

FRANCE

Siemens Audiologie SA

100%

FRANCE

Siemens Financial Services SAS

100%

FRANCE

Siemens Health Services France SAS

100%

FRANCE

Siemens Lease Services SAS

100%

FRANCE

Siemens SAS

100%

FRANCE

Siemens Transmission & Distribution SAS

100%

FRANCE

Siemens VAI Metals Technologies SAS

100%

FRANCE

Trench France SAS

100%

FRANCE

Tecnomatix Technologies (Gibraltar) Limited

100%

GIBRALTAR

Kintec AE

100%

GREECE

OSRAM AE

100%

GREECE

Siemens AE Elektrotechnische Projekte and Erzeugnisse

100%

GREECE

Siemens Healthcare Diagnostics ABEE

100%

GREECE

Siemens SA

100%

GREECE

Siemens Enterprise Communications SA

 

GREECE

Siemens Ltda.

100%

BRAZIL

OSRAM Korea Co Ltd

100%

SOUTH KOREA

Siemens Indonesia, PT

100%

INDONESIA

Siemens Hearing Instruments (Suzhou) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

VA TECH T & D Co. Ltd

51%

SAUDI ARABIA

Siemens Medical Instruments Pte Ltd

100%

SINGAPORE

Siemens Pte Ltd

100%

SINGAPORE

OSRAM Benelux BV

100%

NETHERLANDS

Siemens Ltd

100%

REPUBLIC OF IRELAND

Osram SA

100%

GREECE

Siemens Ltd

100%

HONG KONG SAR

OPTIO Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Tübingen KG

100%

GERMANY

OSRAM Opto Semiconductors GmbH

100%

GERMANY

Partikeltherapiezentrum Kiel Holding GmbH

100%

GERMANY

Projektbau-Arena-Berlin GmbH

100%

GERMANY

R & S Restaurant Services GmbH

100%

GERMANY

Radium Lampenwerk Gesellschaft mbH

100%

GERMANY

REMECH Systemtechnik GmbH & Co. KG

100%

GERMANY

RISICOM Rückversicherung AG

100%

GERMANY

RuggedCom Deutschland GmbH

100%

GERMANY

SiCED Electronics Development GmbH & Co. KG

51%

GERMANY

Broadcastle Bank Limited

100%

UK

Broadcastle Ltd

100%

UK

Siemens Industry Software (Shanghai) Co., Ltd.

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Manufacturing and Engineering Centre Ltd.

51%

PEOPLE'S REPUBLIC OF CHINA

Siemens Real Estate Management (Beijing) Ltd., Co.

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Switchgear Co. Ltd.

55%

PEOPLE'S REPUBLIC OF CHINA

PETNET Radiopharmaceutical Solutions Pvt. Ltd.

100%

INDIA

Electrium Sales Limited

100%

UK

GyM Renewables Limited

100%

UK

OSRAM Ltd

100%

UK

evosoft GmbH

98%

GERMANY

FACTA Grundstücks-Entwicklungsgesellschaft mbH & Co. KG

100%

GERMANY

Anlagen- und Rohrleitungsbau Ratingen GmbH

100%

GERMANY

Siemens Healthcare Diagnostics SAS

100%

FRANCE

Siemens A/S

100%

DENMARK

Osram - Empresa De Aparelhagem Eléctrica, Lda

 

PORTUGAL

Siemens Wind Power A/S

100%

DENMARK

Siemens S.A.

100%

VENEZUELA

Siemens Transformadores, S.A. de C.V.

100%

MEXICO

OSRAM SpA Società Riunite OSRAM-Edison-Clerici

100%

ITALY

Siemens Healthcare Diagnostics Srl

100%

ITALY

Siemens Hearing Instruments Italy Srl

100%

ITALY

Siemens SRL

100%

MOLDOVA

Siemens Renting SpA

100%

ITALY

Siemens VAI Metals Technologies Srl

100%

ITALY

Koncar Power Transformers Ltd

51%

CROATIA

OSRAM doo

100%

CROATIA

SIA Siemens Medical Solutions Diagnostics

100%

LATVIA

Siemens Circuit Protection Systems Ltd

75%

PEOPLE'S REPUBLIC OF CHINA

Siemens Electrical Drives Ltd

85%

PEOPLE'S REPUBLIC OF CHINA

Siemens Factory Automation Engineering Ltd

68%

PEOPLE'S REPUBLIC OF CHINA

UAB Siemens

100%

LITHUANIA

UAB Siemens Medical Solutions Diagnostics

100%

LITHUANIA

Siemens Healthcare Diagnostik Ticaret Limited

100%

TURKEY

DP OSRAM Ukraine

100%

UKRAINE

OOO OEZ Ukraine

100%

UKRAINE

Evosoft Hungary Szamitastechnikai Kft

100%

HUNGARY

Siemens Audiologiai Technika

100%

HUNGARY

ADB SA/NV

100%

BELGIUM

Siemens Finance and Leasing Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens High Voltage Circuit Breaker Co Ltd

51%

PEOPLE'S REPUBLIC OF CHINA

Siemens Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Manufacturing & Engineering Centre Ltd

51%

PEOPLE'S REPUBLIC OF CHINA

Siemens Numerical Control Ltd

80%

PEOPLE'S REPUBLIC OF CHINA

Siemens PSE Program- és Rendszerfejlesztö Kft

100%

HUNGARY

J. N. Kelly Security Holding Limited

100%

CYPRUS

Kintec Cyprus Ltd

100%

CYPRUS

OSRAM Argentina SACI

100%

ARGENTINA

Siemens IT Services SA

100%

ARGENTINA

Siemens SA

100%

ARGENTINA

Siemens Shanghai Medical Equipment Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Signalling Company Ltd

70%

PEOPLE'S REPUBLIC OF CHINA

Siemens Switchgear Ltd

55%

PEOPLE'S REPUBLIC OF CHINA

Siemens Traction Equipment Ltd

51%

PEOPLE'S REPUBLIC OF CHINA

Siteco Ltd

100%

UK

Siteco Belysning AS

100%

NORWAY

Gami (Import & Export) Ltd

 

MAURITIUS

Siemens Ltd

100%

AUSTRALIA

applied international informatics GmbH

100%

GERMANY

Loher GmbH

100%

GERMANY

Siemens Aktiengesellschaft Österreich

100%

AUSTRIA

OSRAM (Malaysia) Sdn Bhd

100%

MALAYSIA

Siemens Audiologische Technik GmbH

100%

GERMANY

Siemens-Electrogeräte GmbH

100%

GERMANY

Siemens Ltd

70%

SOUTH AFRICA

Siemens AG

100%

KAZAKHSTAN

Siemens Gusstechnik GmbH

100%

GERMANY

Siemens Finance & Leasing GmbH

 

GERMANY

Siemens Financial Services GmbH

100%

GERMANY

Atecs Mannesmann Unterstützungskasse GmbH

100%

GERMANY

Verwaltung Poolbeg Vermiet GmbH

100%

GERMANY

Siemens Healthcare Diagnostics KK

100%

JAPAN

Siemens, s.r.o.

100%

CZECH REPUBLIC

Osram India Private Limited

100%

INDIA

Siemens, S.A. de C.V.

100%

MEXICO

Siemens Transportation Turnkey Systems Sdn Bhd

100%

MALAYSIA

VA TECH Holdings (Malaysia) Sdn Bhd

100%

MALAYSIA

Dade Behring Diagnostics Philippines Inc

100%

PHILIPPINES

Siemens Power Operations Inc

100%

PHILIPPINES

Siemens Fuel Gasification Technology Holding AG

100%

SWITZERLAND

Siemens Healthcare Diagnostics AG

100%

SWITZERLAND

Siemens Power Holding AG

100%

SWITZERLAND

Siemens Switzerland AG

100%

SWITZERLAND

Stadt/Land Immobilien AG

100%

SWITZERLAND

Siteco Schweiz AG

100%

SWITZERLAND

OSRAM doo

100%

SERBIA

Siemens doo

100%

SERBIA

OEZ Slovakia spol sro

100%

SLOVAKIA

OSRAM Slovakia AS

100%

SLOVAKIA

SAT Systémy automatizacnej techniky spol sro

60%

SLOVAKIA

Siemens Medical Solutions Diagnostics sro i.L

100%

SLOVAKIA

Siemens Program and System Engineering sro

100%

SLOVAKIA

Siemens sro

100%

SLOVAKIA

SIPRIN sro

100%

SLOVAKIA

Siemens Osakeyhtiö

100%

FINLAND

Siemens S.A.

 

GUATEMALA

Petnet Soluciones SL Sociedad Unipersonal

100%

SPAIN

Siemens Fire & Security Products SA

100%

SPAIN

Telecomunicación Electrónica y Conmutación SA

100%

SPAIN

ANF DATA spol sro

100%

CZECH REPUBLIC

OSRAM Ceska Republic ofa sro

100%

CZECH REPUBLIC

Siemens Audiologická Technika sro

100%

CZECH REPUBLIC

Siemens Electric Machines sro

100%

CZECH REPUBLIC

Siteco Lighting spol sro

100%

CZECH REPUBLIC

Siemens Industry Software sro

100%

CZECH REPUBLIC

MKM Telekom

66.6%

UKRAINE

OSRAM UK Pension Scheme Limited

100%

UK

Marine Current Turbines Limited

100%

UK

SKAG Fonds S7

100%

GERMANY

SKAG Fonds S8

100%

GERMANY

SKAG Principals

100%

GERMANY

Sea Generation Limited

100%

UK

Siemens Finansal Kiralama AS

100%

TURKEY

Siemens Kenya Ltd

100%

KENYA

Siemens Sanayi ve Ticaret AS

99%

TURKEY

Siemens Limited

100%

THAILAND

SKAG Fonds C1

100%

GERMANY

Siemens Convergence Creators, s.r.o.

100%

CZECH REPUBLIC

Winergy AG

100%

GERMANY

IBS SINIC GmbH

100%

GERMANY

OSRAM EOOD

100%

BULGARIA

OSRAM, S.A. de C.V.

100%

MEXICO

Siemens S.A.

 

EL SALVADOR

Siemens Domestic Technology

100%

UKRAINE

OSRAM Ampul Ticaret AS

100%

TURKEY

Siemens S.A.

100%

ECUADOR

Siemens AS

100%

NORWAY

Siemens EOOD

100%

BULGARIA

Siemens SAE

90%

EGYPT

Siemens Tunisia SA

100%

TUNISIA

OOO Legion II

100%

RUSSIA

OOO Legion T2

100%

RUSSIA

OOO Russian Turbo Machinery

51%

RUSSIA

Siemens Industry Software AB

100%

SWEDEN

Siemens AG

100%

TURKMENISTAN

PETNET Solutions Private Limited

100%

SINGAPORE

Siemens Ltd

68%

NIGERIA

TurboCare Poland S.A.

98%

POLAND

IBS Business Consulting GmbH

100%

GERMANY

Siemens S.A.

 

COSTA RICA

OSRAM GmbH

100%

GERMANY

Siemens Limited

51%

SAUDI ARABIA

Siemens Technologies SAE

90%

EGYPT

Siemens AG

100%

BELARUS

IBS Industrial Business Software (Shanghai), Ltd.

100%

PEOPLE'S REPUBLIC OF CHINA

RuggedCom (China) Communications Technology and Development Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Trench Germany GmbH

100%

GERMANY

Westinghouse Saudi Arabia Ltd.

100%

SAUDI ARABIA

Siemens Healthcare Diagnostics Limited

100%

UK

Mochida Siemens Medical Systems Co. Ltd

90%

JAPAN

OSRAM Ltd

100%

JAPAN

OSRAM-MELCO Ltd

51%

JAPAN

OSRAM-MELCO Toshiba Lighting Ltd

50%

JAPAN

Siemens Hearing Instruments KK

100%

JAPAN

Siemens Kameda Healthcare IT Systems KK

67%

JAPAN

Siemens TOO

100%

KAZAKHSTAN

Siemens Immobilien Chemnitz-Voerde GmbH

100%

GERMANY

Siemens Spezial-Investmentaktiengesellschaft mit TGV

100%

GERMANY

Siemens Treasury GmbH

100%

GERMANY

Siemens Electrical Apparatus Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Ltd

100%

SOUTH KOREA

Siemens PETNET Korea Co. Ltd

100%

SOUTH KOREA

Siemens Medical Solutions Diagnostics S de RL de CV

100%

MEXICO

Meditron Limited

100%

JAMAICA

OSRAM Pte Ltd

100%

SINGAPORE

RuggedCom Asia Pte. Ltd.

100%

SINGAPORE

Siemens Industry Software SASU

100%

FRANCE

Siemens Israel Ltd

75%

ISRAEL

Siemens Healthcare Diagnostics Manufacturing Limited

100%

UK

Siemens Schweiz AG

100%

SWITZERLAND

Siemens S.A.C.

 

PERU

Siemens Healthcare Diagnostics (Pty.) Limited

100%

SOUTH AFRICA

Siemens Hearing Solution (Pty.) Ltd

100%

SOUTH AFRICA

Siemens IT Solutions and Services (Pty) Ltd

100%

SOUTH AFRICA

Siemens Real Estate Management (Pty.) Ltd

100%

SOUTH AFRICA

Siemens Ltd

100%

TUNISIA

Exemplar Health (SCUH) Holdings 3 Pty Limited

100%

AUSTRALIA

Memcor Australia Pty Ltd

100%

AUSTRALIA

OSRAM Australia Pty Ltd

100%

AUSTRALIA

Siemens Healthcare Diagnostics Limited

100%

AUSTRALIA

Siemens Hearing Instruments Pty Ltd

100%

AUSTRALIA

Siemens Product Lifecycle Management Software (AUS) Pty Ltd

100%

AUSTRALIA

Siemens (N.Z.) Ltd

100%

NEW ZEALAND

OEZ s.r.o.

100%

CZECH REPUBLIC

Siemens Hearing Instruments Private Limited

100%

INDIA

Siemens Information Systems Limited

100%

INDIA

Siemens Limited

75%

INDIA

Siemens Information Processing Services Private Limited

100%

INDIA

Siemens Argentina S.A.

100%

ARGENTINA

Siemens SpA

100%

ITALY

HanseCom Gesellschaft für Informations- and Kommunikationsdienstleistungen mbH

74%

GERMANY

HSP Hochspannungsgeräte GmbH

100%

GERMANY

ILLIT Grundstücks-Verwaltungsgesellschaft mbH

95%

GERMANY

ILLIT Grundstücks-Verwaltungsgesellschaft mbH & Co. KG

85%

GERMANY

Immosuisse GmbH Immobilien Management i.L

100%

GERMANY

IPGD Grundstücksverwaltungs-Gesellschaft mbH

100%

GERMANY

Jawa Power Holding GmbH

100%

GERMANY

KompTime GmbH

100%

GERMANY

Lincas Electro Vertriebsgesellschaft mbH

100%

GERMANY

LINCAS Export Services GmbH

100%

GERMANY

Mannesmann Demag Krauss-Maffei GmbH

100%

GERMANY

messMa GmbH

100%

GERMANY

Siemens Surge Arresters Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Transformer (Wuhan) Company Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens VAI Manufacturing (Taicang) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Water Technologies and Engineering (Tianjin) Co. Ltd

68%

PEOPLE'S REPUBLIC OF CHINA

Siemens Water Technologies Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Wind Power Blades (Shanghai) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Siemens Wiring Accessories Shandong Ltd

68%

PEOPLE'S REPUBLIC OF CHINA

Siemens X-Ray Vacuum Technology Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Sunny World (Shaoxing) Green Lighting Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Trench High Voltage Products Ltd

65%

PEOPLE'S REPUBLIC OF CHINA

Trench Ltd

100%

CANADA

Turbocare Canada Ltd

100%

CANADA

Wheelabrator Air Pollution Control (Canada) Inc

100%

CANADA

OSRAM de Colombia Iluminaciones SA

100%

COLOMBIA

Siemens Healthcare Diagnostics Ltda

100%

COLOMBIA

Siemens Manufacturing SA

100%

COLOMBIA

Dade Behring SA de CV

100%

MEXICO

Grupo Siemens SA de CV

100%

MEXICO

Indústria de Trabajos Eléctricos SA de CV

100%

MEXICO

Industrias OSRAM de México SA

100%

MEXICO

Ingdesi SA de CV

100%

MEXICO

OSRAM de México SA de CV

100%

MEXICO

Proyectos de Energia SA de CV

100%

MEXICO

Siemens Healthcare Diagnostics S de RL de CV

100%

MEXICO

Siemens Inmobiliaria SA de CV

100%

MEXICO

Siemens Innovaciones SA de CV

100%

MEXICO

Winergy Drive Systems (Tianjin) Co. Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Asia Care Holding Limited

100%

HONG KONG SAR

OSRAM Asia Pacific Ltd

100%

HONG KONG SAR

Kyros A AG

100%

GERMANY

Siemens Convergence Creators GmbH

100%

AUSTRIA

Siemens Ltd

100%

TAIWAN

Siemens Product Lifecycle Management Software (TW) Co. Ltd

100%

TAIWAN

Siemens Financial Services Holdings Ltd

100%

UK

Siemens Holdings plc

100%

UK

Siemens Industrial Turbomachinery Ltd

100%

UK

Siemens Protection Devices Limited

100%

UK

Siemens Transmission & Distribution Limited

100%

UK

Siemens VAI Metals Technologies Limited

100%

UK

Trench (UK) Ltd

100%

UK

Siemens Malaysia Sdn Bhd

100%

MALAYSIA

Siemens Healthcare Diagnostics, S.L.

100%

SPAIN

HV-Turbo Italia Srl

51%

ITALY

OSRAM Taiwan Co Ltd

100%

TAIWAN

Siemens Pty Ltd

100%

NAMIBIA

Siemens Pty Ltd

100%

BOTSWANA

Comos Industry Solutions (Pty) Ltd

100%

SOUTH AFRICA

Dade Behring South Africa (Pty) Ltd

100%

SOUTH AFRICA

Marqott (Proprietory) Limited

100%

SOUTH AFRICA

Marqott Holdings (Pty.) Ltd

100%

SOUTH AFRICA

OSRAM (Pty.) Ltd

100%

SOUTH AFRICA

Siemens Building Technologies (Pty) Ltd.

100%

SOUTH AFRICA

OSRAM Thailand Co. Ltd

100%

THAILAND

Siemens IT Solutions and Services Ltd.

100%

THAILAND

Siemens Product Lifecycle Management Software (TH) Co. Ltd

100%

THAILAND

VA TECH Transmission & Distribution Co. Ltd

100%

THAILAND

Siemens Automation Systems Ltd

100%

VIETNAM

Siemens Ltd

100%

VIETNAM

Siemens Healthcare Diagnostics SAE

100%

EGYPT

Siemens Ltd for Trading

100%

EGYPT

ESTEL Rail Automation SPA

51%

ALGERIA

Siemens SA

51%

ANGOLA

SCIENTIFIC MEDICAL SOLUTION DIAGNOSTICS SARL

100%

MOROCCO

Siemens Plant Operations Tahaddart SARL

100%

MOROCCO

Siemens S.A.

 

CHILE

Siemens Ltd

100%

RUSSIA

Osram AG

100%

SWITZERLAND

Siemens Lda

 

MOZAMBIQUE

Siemens USA Holdings Inc

100%

USA

SMI Holding LLC

100%

USA

Sylvania Lighting Services Corp

100%

USA

Siemens LLC

49%

UNITED ARAB EMIRATES

OSRAM AB

100%

SWEDEN

Siemens Financial Services AB

100%

SWEDEN

Siemens Healthcare Diagnostics AB

100%

SWEDEN

Siemens Industrial Turbomachinery AB

100%

SWEDEN

Dade Behring Diagnostics AG

100%

SWITZERLAND

Huba Control AG

100%

SWITZERLAND

Siemens Industry Software AG

100%

SWITZERLAND

 

 

 

 

Key Corporate Relationships

Auditor:

Ernst & Young GmbH

Bank:

Deutsche Bank AG

 

Auditor:

Ernst & Young GmbH, Ernst & Young GmbH

 

 

 

 

 

 

 

 

 

Strategic Initiatives

 

Key Organizational Changes

Further, the company also acquired LMS International NV, one of the leading providers of test and mechatronic simulation for complex products. In March 2011, Siemens acquired two subsea specialist companies, Poseidon Group AS and Bennex Group AS, from Subsea Technology Group AS, Norway. The acquisition of both the companies strengthened Siemens’s in-house development capabilities in marinization, subsea engineering and related consulting. With the acquisition, the company became the leading developer of subsea power grid solutions, supported by its traditional electrical engineering core-competence. This acquisition will help Siemens tap the fast growing subsea power grid market, which is expected to become a multi-billion market by 2020.

 

With the acquisition, the company became the leading developer of subsea power grid solutions, supported by its traditional electrical engineering core-competence. This acquisition will help Siemens tap the fast growing subsea power grid market, which is expected to become a multi-billion market by 2020. In November 2011, the company declared the acquisition of a minority stake in EMIS Electrics GmbH (EMIS) and received approval from the Federal Cartel Office. This will raise the cooperation between the two companies, as both of them are engaged in development of several new and modernization power plant projects. In the same month, Siemens signed an agreement to acquire Vistagy, Inc., a supplier of specialized engineering software and related services.

 

Product

Siemens received a contract to supply Khormala gas turbine power plant in northern Iraq with four SGT5-2000E gas turbines and four SGen5-100A generators along with the associated auxiliary and ancillary systems. Such contracts provide growth opportunities for the company.Expansion in Growth MarketsSiemens’s rapid expansion in the growing market segments leads to significant cash flows. The company plans to expand its business operation in Brazil, Russia, India and China (BRIC) regions. In April 2012, the company announced its plans to invest up to $1 billion to strengthen and expand its business in Brazil over the next five years. The investment would be across its portfolio comprising energy, industry, infrastructure and cities and healthcare with special focus laid on localizing production and services, besides research and development.

 

Such contracts provide growth opportunities for the company.Expansion in Growth MarketsSiemens’s rapid expansion in the growing market segments leads to significant cash flows. The company plans to expand its business operation in Brazil, Russia, India and China (BRIC) regions. In April 2012, the company announced its plans to invest up to $1 billion to strengthen and expand its business in Brazil over the next five years. The investment would be across its portfolio comprising energy, industry, infrastructure and cities and healthcare with special focus laid on localizing production and services, besides research and development. Besides, it also plans to expand its operations in Middle East, Chile, Poland, South Africa, Thailand, Indonesia, Mexico, Colombia, Turkey and Vietnam.

 

In April 2012, the company announced its plans to invest up to $1 billion to strengthen and expand its business in Brazil over the next five years. The investment would be across its portfolio comprising energy, industry, infrastructure and cities and healthcare with special focus laid on localizing production and services, besides research and development. Besides, it also plans to expand its operations in Middle East, Chile, Poland, South Africa, Thailand, Indonesia, Mexico, Colombia, Turkey and Vietnam. The company also announced its plan to invest €1 billion in Russia to expand its infrastructure project. The company along with its joint venture partner Sinara received an order from Train Technologies related to the Russian Railways ordered regional trains for a total value of about €2 billion.

 

It provides numerous products and solutions to industrial, energy, healthcare, and consumer products sectors. The company’s dominant market position, combined with extensive research and development activities, provides it a competitive advantage. The company’s expansion in growth markets together with rising demand for renewable energy and strategic initiatives could provide growth opportunities. However, global economic slowdown and changing regulatory environment along with competition across its sectors could affect the company’s operations adversely.Leading Market PositionA leading position in its existing and emerging businesses helped Siemens achieve successful expansion of its portfolio. Siemens generates about two-thirds of its revenue from businesses that are No.

 

With an increase in the number of companies entering the industry, the company’s leading market position provides it a competitive advantage. Additionally, a leading market position enables the company to compete effectively and helps in securing new contracts.Extensive Research and DevelopmentWith Siemens operating in technology intensive businesses, innovation is considered the top priority, since it creates a competitive advantage. Innovation continues to be the cornerstone of the company’s business strategy with its strong research and development (R&D) efforts that focus on improving its offerings. The company carries out R&D activities in 188 locations in various parts of the world, comprising around 29,500 R&D employees. The company holds partnership with some of the leading universities and institutes to carry out its R&D activities.

 

 


Strengths/Weaknesses

(SWOT)

 

 

Helpful 
to achieving the objective

Harmful 
to achieving the objective

Internal Origin
(attributes of the organization)

Strengths

·        Growth Strategy through Acquisitions

·        Leading Market Position

·        Extensive Research and Development

·        Wide Geographical Presence

Weaknesses

·        Involvement in Litigations

·        Product Recalls

·        Decreased Profitability Ratios

External Origin
(attributes of the environment)

Opportunities

·        Growing IVD Market

·        Aging Population

·        Rising Demand for Renewable Energy Sources

·        Strategic Agreements and Contracts

·        Expansion in Growth Markets

Threats

·        Global Economic Slowdown and Market Dynamics

·        Evolving Technological Environment

·        Intense Competition

·        Stringent Regulatory Environment

 

Overview

Siemens AG (Siemens) is a world leader in electronics and engineering. It provides numerous products and solutions to industrial, energy, healthcare, and consumer products sectors. The company’s dominant market position, combined with extensive research and development activities, provides it a competitive advantage. The company’s expansion in growth markets together with rising demand for renewable energy and strategic initiatives could provide growth opportunities. However, global economic slowdown and changing regulatory environment along with competition across its sectors could affect the company’s operations adversely.

 

Strengths

 

Growth Strategy through Acquisitions

The integration of strategic acquisitions added value to Siemens’s overall market position and competitive position. The company’s focus on select acquisitions and successful integration in this line enabled it to expand its offerings and promote growth with ease. The company successfully improved its market position in diverse markets such as energy, healthcare and industry over the years through selective acquisitions. In 2012, the company acquired eMeter corporation, and expanded its energy information and meter data management solutions. In April 2012, the company’s subsidiary, Siemens Industry, Inc. acquired FCE, LLC, a furnace company serving the metals industry. It will operate within the Metals Technologies (MT) business unit of the Siemens Industry Sector, and will become the global center of competence for furnaces. This acquisition would enable Siemens to expand and strengthen its portfolio in furnace technologies. Siemens also acquired 80.69% shares of IBS AG, an operative software company, developing and providing software solutions and services for productivity management in industrial companies. These acquisitions helped Siemens to enhance its capabilities and broaden its service offerings, improving the market position of Siemens globally. In May, the company acquired the five entities constituting the Connectors and Measurements division of Expro Holdings UK 3 Ltd. Through this acquisition, the company plans to expand its portfolio of products in the attractive future market for subsea power grids. In November 2012, the company acquired Invensys Rail, the rail automation business of Invensys for €2.2 billion. This acquisition will expand the company’s presence in global rail automation market. Further, the company also acquired LMS International NV, one of the leading providers of test and mechatronic simulation for complex products. In March 2011, Siemens acquired two subsea specialist companies, Poseidon Group AS and Bennex Group AS, from Subsea Technology Group AS, Norway. The acquisition of both the companies strengthened Siemens’s in-house development capabilities in marinization, subsea engineering and related consulting. With the acquisition, the company became the leading developer of subsea power grid solutions, supported by its traditional electrical engineering core-competence. This acquisition will help Siemens tap the fast growing subsea power grid market, which is expected to become a multi-billion market by 2020. In November 2011, the company declared the acquisition of a minority stake in EMIS Electrics GmbH (EMIS) and received approval from the Federal Cartel Office. This will raise the cooperation between the two companies, as both of them are engaged in development of several new and modernization power plant projects. In the same month, Siemens signed an agreement to acquire Vistagy, Inc., a supplier of specialized engineering software and related services. This acquisition will help Siemens’s Industry Automation division to enhance its position in the supply of industrial software.

 

Leading Market Position

A leading position in its existing and emerging businesses helped Siemens achieve successful expansion of its portfolio. Siemens generates about two-thirds of its revenue from businesses that are No. 1 or No. 2 in their markets. Siemens is the market leader in the energy and environmental care, automation and control, industrial and public infrastructure, and healthcare sectors. The company is a market leader in application services, processing an average of 190 million transactions daily. Every second computed tomography scanner used in German clinics is from Siemens; about 75% of the automobiles made in Germany are built in factories equipped with Siemens automation technology; and more than half of the power plants connected to Germany‘s power grid use turbines and generators from Siemens. In the US, approximately 37% of the domestic population is registered in Siemens data center, which is accessible by healthcare providers for critical patient information. Besides, more than one-fourth of the hearing aids sold in the US are provided by Siemens. Its process automation system processes around 90% of the total domestic mail. The company’s power generation solutions help meet around one-third of the US energy requirements. In Brazil, Siemens’s businesses are ranked No. 1 or No. 2 in the market. In Brazil, 50% of the power is generated using equipment and systems supplied by Siemens. The company performs around 25% of all digital diagnostic imaging in Brazil. With an increase in the number of companies entering the industry, the company’s leading market position provides it a competitive advantage. Additionally, a leading market position enables the company to compete effectively and helps in securing new contracts.

 

Extensive Research and Development

With Siemens operating in technology intensive businesses, innovation is considered the top priority, since it creates a competitive advantage. Innovation continues to be the cornerstone of the company’s business strategy with its strong research and development (R&D) efforts that focus on improving its offerings. The company carries out R&D activities in 188 locations in various parts of the world, comprising around 29,500 R&D employees. The company holds partnership with some of the leading universities and institutes to carry out its R&D activities. It holds partnership with 600 universities spread across 70countries around the world. Some of the leading universities include Technical University of Denmark (DTU), the Technische Universität München, the RWTH Aachen University, the Technische Universität Berlin, MIT and UC Berkeley in U.S., as well as Tongji University and Tsinghua University in China.As of September 30, 2012, the company had approximately 57,300 patents worldwide. In terms of patent applications, the company is ranked No.1 in Europe and No. 3 in Germany. The company stood at10th position in the number of patents granted in the US. In fiscal 2012, Siemens invested around €4.2 billion (5.4% of its total revenue) on its R&D activities, which include €840m in Energy segment, €1,314m in Healthcare segment, €1,215m in Industry segment and €699m in Infrastructure and Cities segment. Besides, in fiscal 2012, the company generated 8,900 inventions, a 10% increase over that in previous year. Strong research and development efforts will allow Siemens to innovate and attract industry attention, which creates an edge over its competitors.

 

Wide Geographical Presence

A wide geographical presence helps the company mitigate the various risks associated with the over dependence on a particular market. The company divides its operations into six segments namely, Energy, Healthcare, Industry, Infrastructure & Cities, Equity Investments and Financial Services. These segments operate across Europe, Americas, Africa, Asia Pacific, Australia, Middle East and others countries. The company divides its geographic operations into three segments namely, Europe, C.I.S., Africa, Middle East; Americas and Asia, Australia. For the fiscal year ended September 2012, the company generated 51% revenue from Europe, C.I.S., Africa, Middle East; followed by 29.2% from Americas and 19.8% from Asia, Australia. Besides, the company reported revenue increment in all its geographical segments. In fiscal 2012, revenue from Europe, CIS, Africa and Middle East increased 3.8%. Revenue from its domestic market, Germany, increased 2.4%, due to double digit increase in demand for its Drive Technologies and Industry Automation. Revenue from the US increased 10.02%, supported by a sharp increase in fossil power generation. Besides, in fiscal 2012, Asia, Australia region’s revenue increased 8.12% due to double digit increases in all its segments and India recorded growth of around 25% due to substantially higher revenue in Energy segment. The wide geographical reach aids the group in catering to different emerging markets. Also, a diverse revenue stream limits the group’s exposure to the risks associated with a particular region.

 

Weaknesses

 

Involvement in Litigations

Involvement in illegal acts or corruption may lead to contracts being cancelled and also limit the company’s ability to participate in business with governments or non-governmental organizations and result in declining orders, which would have a material adverse effect on its business. Siemens is facing allegations of corruption, criminal breach of fiduciary duty including fraud, as well as bribery, money laundering and tax evasion. In 2012, Petroleos Mexicanos (Pemex), Mexico’s state- owned oil company filed a $1.5 billion lawsuit against Siemens AG and South Korea-based SK Engineering & Construction Co., in U.S. District Court in New York claiming the companies bribed Pemex officials to win and keep refinery construction projects. In July 2011, an investigation was initiated by the Nuremberg-Fuerth public prosecutor against Siemens in payments related to the healthcare business in the Caribbean. Later in October 2011, an investigation was initiated against the company in relation with alleged bribery in Iraq and Turkey during 1999 and 2007. The investigation was initiated by the Turkish Prime Ministry Inspection Board. Besides, in 2011, the Brasilia public prosecutor, initiated proceedings against the company I connection with a 2007 metro project. The company paid charges in relation to an investigation against it in relation to misappropriation of public funds related to contracts awarded to Siemens in Russia. Besides, Siemens Healthcare is engaged in a patent infringement lawsuit related to its In Vitro Diagnostics division. In April 2009, The University of Nebraska and UNeMed, the technology-transfer organization for the UN Medical Center sued Siemens Healthcare Diagnostics for allegedly infringing two of their patents related to clinical laboratory automation technology, which were exclusively licensed to Abbott Laboratories. Stating that the infringement was willful, the plaintiffs sought damages from Siemens Healthcare sufficient to compensate them for the infringement of each of their patents. Any adverse outcome would have a significant effect on Siemens financial performance and results of operations. In addition to these pending litigations, the company lost a few lawsuits in the recent past, which accounted for a significant amount of its revenues.

 

Product Recalls

Product recalls hinder the company’s projected sales and profits, and result in negative publicity. In June 2012, Siemens’ subsidiary Siemens Healthcare Diagnostics, Inc. (Siemens Healthcare) initiated a recall of 59,735 Siemens Dimension Vista System B12 Flex reagent cartridge. The company confirmed that the presence of Intrinsic Factor Blocking Antibody in some patients can result in a false and significant elevation in the reported concentration of Vitamin B12 on the Dimension Vista System. In May 2012, the company recalled 1,103 cartons of Dimension Vista Total Prostate Specific Antigen Flex reagent cartridge due to the leaking of Flex reagent. In the same month, Siemens Healthcare Diagnostics recalled 1,899 cartons of Stratus CS Acute care NT test pack regent due to the malfunction and calibration failures. In April 2012, the company initiated a recall of 1,683 units of Dimension Vista software version 3.4 due to the error flags associated with QC and patient test results that are within the assay range as defined in the Instructions for Use for the respective method. In April 2012, Siemens Healthcare recalled 9,178 Dimension Vista MG Flex reagent cartridges due to a negative shift of approximately 0.2mg/dL [0.08 mmol/L] in patient and QC samples when using Vista Magnesium. In the same month, the company recalled 40023 Siemens ADVIA Centaur Cortisol Assay kits since the reagent kits lots does not meets onboard stability and calibration interval claims. In February 2012, Siemens Healthcare initiated a recall of 24,672 Dade Actin FSL activated PTT reagent kit since it shows an increase in Heparin sensitivity over the shelf life which is demonstrated by testing with Dade Citrol Heparin Control, low and high. In the same month, the company recalled about 48,578 Clinitest hCG pregnancy test kits due to operational errors. In January 2012, the company called back several lots of Dimension Creatinine Flex reagent cartridges; 2,281 cartons of Dimension Vista Cardiac Troponin I Calibrators; and several ADVIA Centaur CA19-9 assays after ascertaining that some of the devices had the potential to display falsely elevated creatinine results. In October 2011, Siemens Healthcare Diagnostics, Inc called back 6,072 cartons of Dimension EXL Cardiac Troponin I Flex reagent cartridges after receiving customer complaints about low recovery of QC and patient samples. It also recalled 998 Dimension EXL LOCI Cardiac Troponin I calibrators; and 1,786 Dimension Vista Cuvettes, owing to operational errors. In August 2011, the company initiated a worldwide recall of Dimension Calcium Flex Reagent. In May 2011, it recalled some lots of Siemens Dimension EZCR Flex Reagent Cartridge as some units were reported to have provided false results. In March 2011, Siemens Healthcare Diagnostics, Inc. called back several units of its Dimension Vista Gentamicin (GENT) Flex reagent cartridges as some of these units were reported to have provided false elevation of Dimension Vista Gentamicin results. It also recalled about 11,635 units of Stratus CS Acute Care Troponin I TestPak, Troponin I Assays as these assays were found to provide low frequency of non-repeatable falsely elevated CTNI results without an associated error message. Such recalls may also harm the company’s reputation, leading to decreased demand for its products.

 

Decreased Profitability Ratios

Decreasing profitability ratios indicates the company’s deteriorating performance and its inability to deliver the returns expected by its shareholders. The company reported an operating profit of €7,044m during the fiscal year 2012, a decrease of 14.76% over that in 2011. The decrease in operating profit resulted in the decreased net profit levels. It reported net profit of €4,458m during the fiscal year 2012, a decrease of 27.44% over 2011. The decreased top, operating and bottom line levels resulted in decreased profitability ratios. The company reported PBT (profit before tax) margin of 9.29% in 2012, as compared to 13.11% in 2011, followed by return on equity 14.50% (19.48%), return on capital employed 10.73% (13.61%), return on assets 4.11% (5.89%) and return on fixed assets 12.54% (145.98%).

 

Opportunities

 

Growing IVD Market

Siemens Healthcare, the subsidiary of Siemens AG, is a global supplier in the diagnostic field. The company provides a wide variety of diagnostic testing systems and consumables, which include clinical chemistry and immunodiagnostics, molecular diagnostics, hematology, hemostasis, microbiology, point-of-care testing and clinical laboratory automation solutions. According to in-house forecasts, the worldwide In Vitro Diagnostics (IVD) market in 2010 was valued at around $42.28 billion. The market is expected to grow at a CAGR of 5.7% during 2010-2017 to reach $62.29 billion by 2017. Genetic testing, infectious immunology and immunochemistry are expected to be the key growth drivers in the global In Vitro Diagnostics market. Genetic testing with a growth rate of 15% between 2003 and 2010 and a forecast growth rate of 9.8% between 2010 and 2017 is the fastest growing category in the global IVD market. Major drivers for the growth in this market include a growing and longer-living world population, associated rising incidence of chronic diseases, insufficient staffing levels, and government funding and reimbursement. IVD testing is an important contributing factor that aids physicians in diagnosis. This is a factor that led to strong and sustained growth in the market in the past and is expected to continue in the future.

Aging Population

The company offers a wide range of medical solutions from medical imaging to in vitro diagnostics, interventional systems and clinical information technology systems. Siemens could capture growing opportunities in the healthcare industry. Healthcare costs in industrial nations are estimated to account for more than 10% of GDP. The increasing population of people aged above 65, who consume more medical solutions than younger people are more prone to chronic diseases, holds significant market potential for the company. Demographic change is one of the major trends in today’s world, which is intensifying the demand for healthcare further. The United Nations Population Division estimated that the number of people over the age of 60 throughout the world will triple to nearly 2 billion by 2050. Globally, the population of older persons is growing at a rate of 2.6% annually. According to the United Nations Population Division, people aged 60 are projected to account for 22% of the total world population by 2050, up from 11% in 2009. In developed economies such as the US, the UK, France, Germany and Japan, the percentage of the 65 and older population is in double digits and is expected to grow for the next seven years. While developed countries have managed to slow down their overall population growth, their citizens’ longevity will cause problems in the future. Such a situation will increase the healthcare costs in those countries. The pace of aging population is faster in developing countries than in developed countries. Due to the large volume of the overall population in countries such as China and India, the number of people getting older is quite high. In 2009, the number of persons aged above 60 increased three and a half times to 737 million. There were 12 countries with more than 10 million people each aged above 60, including China, 160 million; India, 89 million; the US, 56 million; Japan 38 million; the Russian Federation 25 million; and Germany, 21 million. By 2050, 32 countries are expected to have over 10 million people each aged above 60, including five countries with more than 50 million older people: China, 440 million; India, 316 million; the US, 111 million, Indonesia, 72 million; and Brazil, 64 million. Such elderly population is expected to exert increasing pressure on the healthcare system, thus creating demand for the company’s offerings.

 

Rising Demand for Renewable Energy Sources

The importance of climate change increased the interest of various companies in power generation through renewable energy sources. The company’s energy businesses are trying to integrate their business with renewable energy sources to protect the environment and lessen the effect of green house gases. It is forecast that the world electricity demand will double by 2030, with renewable energy as the third largest contributor to global electricity production and that renewable energy could meet around one fourth of the total electricity demand by 2030. According to Energy Information Administration (EIA) 2011 energy outlook report for the forecast period 2008-2035, total renewable generation worldwide is expected to increase 3.1% annually, and its share in the global electricity generation is expected to grow from 19% in 2008 to 23% in 2035. During the forecast period, electricity generation from hydro and wind is expected to grow by 82%. According to EIA projections for the period 2008-2035, world renewable energy generation is forecast to grow at an annual average rate of 3.1%, from 3,662 gigawatthours (GWh) in 2008 to 8,232 GWh in 2035. In Organisation for Economic Co-operation and Development (OECD) countries, total electricity generation from renewable sources is expected to increase at an annual rate of 2.2% during the forecast period, growing from 1,778 GWh in 2008 to 3,236 GWh in 2035. In non-OECD countries, renewable generation is expected to grow 3.7% annually during the forecast period, growing from 1,884 GWh in 2008 to 4,995 GWh in 2035. In OECD countries most renewable energy addition is expected to come from non-hydroelectric sources, particularly from wind and biomass. This is supported by favorable government policies. In many OECD countries, particularly in Europe, presence of government policies, such as tax incentives, feed-in tariffs (FITs) and market share quotas encourage the construction of renewable electricity facilities. Considering, non-OECD countries, power generation from hydroelectric source is expected to be the predominant source that will lead growth in renewable electricity. A strong growth in hydroelectric generation is expected to be seen in China, India, Brazil, and several nations in Southeast Asia. Growth rate for wind generation is also high in non-OECD countries and most of the addition is expected to be seen in China. International Power is making swift progress towards renewable energy generation. The company’s focus on renewable generation will secure its supply, climate protection and economic efficiency.


Strategic Agreements and Contracts

In 2013, the company received a contract for supplying turbo compressors and mechanical drive gas turbines for a major Liquefied Natural Gas (LNG) project in Malaysia. The company also received an order from wpd group to supply and install 80 wind turbines for the Butendiek offshore wind power plant in the Germany's North Sea coast. The company received an order from Florida Power & Light for the delivery of three additional SGT6-8000H gas turbine and generators. In 2012, Siemens received an order from Irish utility Bord na Mona for the delivery and servicing of 42 direct-drive wind turbines for two onshore wind power plants. Siemens Energy received an order for the Jeffrey's Bay wind power plant with a capacity of 138 megawatts (MW). The company received a total of 16 orders for more than 270 onshore wind turbines from Europe and South Africa. Through this the company entered into the South African wind power sector. The company received an order for the supply of two power islands for the Juan Manuel Valdez Guiria combined cycle power plants in Venezuela. The company received an order for the supply of the power island for the UTE Maua 3 combined-cycle power plant to be located in Manaus, Brazil. In October 2012, the company signed long term agreement with Dubai Electricity and Water Authority's (DEWA) for the construction of 2,000 megawatt (MW) combined-cycle power plant and a 140 MIGD (million imperial gallons per day) desalination plant. Siemens received a contract from Borusan EnBW Enerji for the delivery of deliver of 22 wind turbines for the Balabanli onshore wind power plants in Turkey. In September 2012, the company received an order from Lotte Engineering and Construction for H-Class power plant technology in South Korea. The company also received an EPC contract for the construction of Panda Sherman Power Plant in consortium with Bechtel. Siemens received a contract to supply Khormala gas turbine power plant in northern Iraq with four SGT5-2000E gas turbines and four SGen5-100A generators along with the associated auxiliary and ancillary systems. Such contracts provide growth opportunities for the company.

 

Expansion in Growth Markets

Siemens’s rapid expansion in the growing market segments leads to significant cash flows. The company plans to expand its business operation in Brazil, Russia, India and China (BRIC) regions. In April 2012, the company announced its plans to invest up to $1 billion to strengthen and expand its business in Brazil over the next five years. The investment would be across its portfolio comprising energy, industry, infrastructure and cities and healthcare with special focus laid on localizing production and services, besides research and development. Besides, it also plans to expand its operations in Middle East, Chile, Poland, South Africa, Thailand, Indonesia, Mexico, Colombia, Turkey and Vietnam. The company also announced its plan to invest €1 billion in Russia to expand its infrastructure project. The company along with its joint venture partner Sinara received an order from Train Technologies related to the Russian Railways ordered regional trains for a total value of about €2 billion. The growing Indian and Chinese markets creates huge opportunity for the company. As population and industries grow in India and China, so does the demand. The pace of industrialization in China and India and other Asian countries are expected to keep global demand for the commodities high in coming years. Increasing investments in emerging markets, particularly in China and India provides growth opportunities. With a population of more than 1 billion, China and India’s infrastructure needs are massive. China and India are expected to spend close to $803.5 billion for infrastructure project. In 2012, the company in India, announced its plan to invest €250m for its development activities. The Delhi Cargo Service Center ordered largest cargo handling system from Siemens. Torrent Power commissioned Siemens to install a 400- megawatt combined-cycle power plant. The company in cooperation with HealthCare Global Enterprise, plans to establish the first Center of Excellence for Cancer Care in Asia. According to Asian Development Bank, China will spend approximately $4.37 trillion on infrastructure till 2020. The nation will invest the amount to build and upgrade energy infrastructure, telecommunications, transport, and water and sanitation infrastructure. In March 2011, China's 12th Five-Year Plan (2011-2015) was released. Some of the key infrastructure related points included in the reports were to develop emerging strategic industries, construct large-scale hydropower plants; length of high-speed railway to be increased to 45,000 km; length of highway network will reach 83,000 km; construction of a new airport in Beijing; total number of airport to be increased from 175 to 220; and construction of 36 million affordable apartments for low-income people. The Indian government aims to invest 8% of GDP in infrastructure. Infrastructure spending is expected to account for 10% of GDP by the end of the government’s 12th Five Year Plan in 2017, up from 5% in the 2002–2007 Plan. The Indian Prime Minister declared to invest $1 trillion towards infrastructure during the India’s 12th Plan (2012-17). The share of spend on transportation (roads, railways, ports and airports), which stood 33% of total infrastructure spend in the 11th Plan, is expected to double in the 12th plan, and could be approximately $1,000 billion, against $500 billion. Brazil is expected to spend approximately $900 billion in the coming years to construct port facilities, power plants, hydroelectric dams, and a high-speed railway, among others. In 2011 Brazil began a four-year Growth Acceleration Programme to invest over $500 billion in logistics (including transportation), energy and social development. Thus, strong economic growth prospects and requirement provides immense scope to the company to further enhance its market penetration in these growing markets.

 

Threats

 

Global Economic Slowdown and Market Dynamics

The global economic slowdown and vague recovery scenario are likely to create challenges for the company over the next few years. Though economic recovery continued during the first half of 2010, the global economy was affected by the turmoil in sovereign debt markets during the second quarter of 2010. In accordance with the recent FED releases in the US, Fed lowered its growth forecast for the U.S. economy, as it now expects gross domestic product to rise at just a 2.2% to 2.7% rate in 2012. In addition, World Bank also lowered its world economic growth of 2.5% in 2012 and 3.1% in 2013, well below the 3.6 % growth for each year projected in June 2011. The global growth forecast were lowered in accordance with the grim situation persisting in the Euro region, as the bank expects that if the euro area debt crisis escalates, global growth would be about 4% points lower. Furthermore, according to the World Bank estimates, high income economies across the globe are expected to expand nearly 1.4% in 2012 as the euro area shrinks 0.3%, as it witnessed sharp downward revisions from growth forecasts last June of 2.7% and 1.8%, respectively. It also lowered the growth forecast for developing economies to 5.4% for 2012 from its previous forecast of 6.2%, as the expansion in Brazil and India, Russia, South Africa and Turkey witnessed slowness. Furthermore, according to experts, the global economy is expected to have a sluggish growth in 2013, with output growth dragged down by a weak performance anticipated in the euro zone. Austerity measures in Europe have led to cost-cutting initiatives across prominent countries in Europe. Economic problems have prompted countries such as Italy and France to undertake cost-cutting measures. Italy has a cost-cutting package of €45 billion for the next two years and France, €11 billion in 2012. The markets in Spain, Portugal and the Republic of Ireland have experienced recession and other markets such as the UK, Italy and France are uncertain about the future. The continuing uncertainty over economic recovery and the sovereign debt crises could adversely affect company’s earnings, and could continue to exert pressure on its growth prospects in the long run.

 

Evolving Technological Environment

The company’s operations experience rapid and significant changes due to the introduction of innovative technologies. Siemens operates in a rapidly changing technological environment, and, to compete successfully, it should continually develop, manufacture and market innovative products that achieve market acceptance. Hence, in order to meet its customer’s demands, the company must continuously design new, and update existing products and invest and develop new technologies. The launch of new products and technologies by the company involves a significant commitment towards its research and development. Further, the company constantly applies for new patents and actively manages its intellectual property portfolio to secure its technological position. Upon investing in these new technologies, the company’s sales and profits may suffer if they are not accepted in the marketplace as anticipated. At the same time, the company’s competitors may develop advanced products faster than the company, which would adversely affect the company’s competitive position.

 

Intense Competition

Siemens sells products across various domains and segments, including Industrial, Health Care, Energy, Infrastructure and cities and financial services. Siemens competes with several organizations both in the domestic as well as the international market. In the Energy division, the company competes with ABB, Alstom, Crompton Greaves, Mitsubishi and others related to a wide variety of products, systems and services. In the Healthcare division, the company’s primary competitors in medical imaging include General Electric, Philips, Toshiba, and others. Other competitors include Roche, Abbott and Danaher for in-vitro diagnostics, McKesson and Cerner for healthcare information technology systems and Sonova, William Demant and Starkey for audiology. In the industry segment, its competitors include Schneider Electric, ABB, and Emerson Electric. In the Infrastructure and cities segment the company competes with Alstom, Ansaldo, Bombardier, Honeywell, Johnson Controls, Schneider Electric and others. In the finance division, the company competes with commercial finance operations of banks, independent commercial finance companies, and asset management companies such as BNP Paribas Equipment Finance, General Electric Commercial Finance, Macquarie and Societe Generale Equipment Finance and others.

 

Stringent Regulatory Environment

Siemens has operations globally and faces risks from the protectionist trade policies and changes in the political and regulatory environment such as foreign exchange import and export controls, tariffs and other trade barriers and price or exchange controls. This could affect the company’s business in several national markets, impact the sales and profitability and make the repatriation of profits difficult, and could expose to penalties, sanctions and damage the company’s reputation. For example, the company conducts business with customers in countries that are subject to export control regulations, embargos, sanctions or other forms of trade restrictions imposed by the U.S., the European Union or other countries or organizations. New or tightened export control regulations, sanctions, or other forms of trade restrictions imposed on Iran could result in a curtailment of existing business and adaptation of its policies. In addition, the termination of operations in Iran could expose the company to customer claims and other actions.

 

 

Corporate Family

Corporate Structure News:

 

Siemens AG

Siemens AG 
Total Corporate Family Members: 1836 
Excluded Small Branches and/or Trading Addresses: 533 (Available via export) 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Siemens AG

Parent

Muenchen

Germany

Electromedical and Control Instruments Manufacturing

101,612.6

366,700

 

Asset/product line purchase by Nokia Oyj proposed/announced.See corporate structure news on Siemens AG for details
Asset/product line purchase by Invensys plc proposed/announced.See corporate structure news on Siemens AG for details

Siemens Industrial Solutions & Services Group

Holding

Erlangen

Germany

Architecture and Engineering

 

83,500

 

Siemens Water Technologies

Subsidiary

Warrendale, PA

United States

Waste Management

14.9

5,700

 

USFilter/Wallace & Tiernan

Unit

Vineland, NJ

United States

Machinery and Equipment Manufacturing

 

300

 

Wallace & Tiernan GmbH

Subsidiary

Gunzberg

Germany

Miscellaneous Personal Services

 

265

 

Siemens Water Technologies

Unit

Milpitas, CA

United States

Waste Management

12.2

260

 

Siemens Water Technologies

Unit

Rockford, IL

United States

Waste Management

53.3

250

 

Siemens Water Technologies

Unit

Waukesha, WI

United States

Waste Management

28.8

220

 

Siemens Water Technologies

Unit

Thomasville, GA

United States

Waste Management

21.6

200

 

USFilter Zimpro Products

Unit

Rothschild, WI

United States

Medical Equipment and Supplies

0.4

165

 

USFilter Water & Wastewater Systems Group

Unit

Warrendale, PA

United States

Machinery and Equipment Manufacturing

1,200.0

155

 

USFilter Stranco Products

Unit

Bradley, IL

United States

Machinery and Equipment Manufacturing

0.5

150

 

Siemens Water Technologies

Unit

Saint Paul, MN

United States

Medical Equipment and Supplies

152.9

120

 

Siemens Water Technologies

Unit

Holland, MI

United States

Specialty Construction Trade Contractors

20.0

110

 

Siemens Water Technologies

Unit

Union, NJ

United States

Electromedical and Control Instruments Manufacturing

13.9

100

 

Siemens Water Technologies

Unit

Sarasota, FL

United States

Miscellaneous Chemical Manufacturing

13.8

80

 

FCC Environmental

Branch

Plant City, FL

United States

Business Support Services

7.4

60

 

USFilter Recovery Services Gulf Coast

Unit

Baytown, TX

United States

Waste Management

 

55

 

Siemens Water Technologies

Unit

Red Bluff, CA

United States

Miscellaneous Chemical Manufacturing

13.2

45

 

Siemens Water Technologies

Unit

Poway, CA

United States

Machinery and Equipment Manufacturing

 

35

 

Siemans Water Technology Inc

Subsidiary

Mississauga, ON

Canada

Business Support Services

5.1

30

 

Siemens Canada Water Technology Products

Subsidiary

Markham, ON

Canada

Semiconductor and Other Electronic Component Manufacturing

 

30

 

Siemens Water Technologies

Unit

Houston, TX

United States

Water and Sewage Services

1.1

15

 

Siemens VAI Metals Technologies GmbH

Subsidiary

Linz

Austria

Architecture and Engineering

1,304.9

1,298

 

Siemens VAI Metals Technologies

Subsidiary

Worcester, MA

United States

Machinery and Equipment Manufacturing

332.9

1,100

 

Morgan Construction Company (India) Pvt. Ltd.

Subsidiary

Mumbai

India

Machinery and Equipment Manufacturing

 

70

 

Morgan Europe Ltd.

Subsidiary

Sheffield

United Kingdom

Machinery and Equipment Manufacturing

 

20

 

Morgan do Brasil Comercio Importacao e Exportacao Ltda.

Subsidiary

Sao Paulo, SP

Brazil

Machinery and Equipment Manufacturing

 

15

 

Morgan Rolling Mill (Shanghai) Co., Ltd.

Subsidiary

Shanghai

China

Machinery and Equipment Manufacturing

 

 

 

Siemens VAI Metals Technologies SAS

Subsidiary

Savigneux

France

Machinery and Equipment Manufacturing

152.4

490

 

Siemens VAI Metals Technologies GmbH

Subsidiary

Willstätt, Baden-Württemberg

Germany

Metal Products Manufacturing

141.3

340

 

Siemens Vai Metals Technologies Ltd.

Subsidiary

Sheffield

United Kingdom

Machinery Wholesale

219.3

238

 

Siemens VAI Metals Technologies Ltd.

UK Branch/Trading address

Stockton-On-Tees

United Kingdom

Specialty Construction Trade Contractors

219.3

750

 

Siemens VAI Manufacturing (Taicang) Co., Ltd.

Subsidiary

Taicang

China

Medical Equipment and Supplies

29.4

100

 

Siemens VAI Metals Technologies S.r.l.

Subsidiary

Marnate, Varese

Italy

Machinery and Equipment Manufacturing

 

 

 

Siemens Automation & Drives Group

Holding

Nuremberg

Germany

Machinery and Equipment Manufacturing

 

70,600

 

BSH Bosch und Siemens Hausgeraete GmbH

Joint Venture

Muenchen

Germany

Electrical Equipment and Appliances Manufacturing

12,016.0

44,814

 

BSH Ev Aletleri Sanayi ve Ticaret A.S.

Subsidiary

Umraniye

Turkey

Electrical Equipment and Appliances Manufacturing

1,786.2

4,690

 

Bsh Electrodomesticos España Sa

Subsidiary

Zaragoza

Spain

Electrical Equipment and Appliances Manufacturing

1,870.1

4,085

 

Bsh Electrodomesticos España Sa

Branch

Zaragoza, Zaragoza

Spain

Electrical Equipment and Appliances Manufacturing

 

 

 

BSH Continental Eletrodomesticos Ltda.

Subsidiary

Mooca, Sao Paulo

Brazil

Electrical Equipment and Appliances Manufacturing

 

2,700

 

Zelmer S.A.

Subsidiary

Rzeszów

Poland

Electrical Equipment and Appliances Manufacturing

227.7

1,902

 

Recently acquired (previously owned by Zelmer S.A.).See corporate structure news on Siemens AG for details

Zelmer Pro Sp Z O O

Subsidiary

Rzeszow

Poland

Electronics and Appliances Stores

108.4

1,013

 

Zelmer Market Sp Z O O

Subsidiary

Rzeszow

Poland

Electronics Wholesale

43.5

242

 

Remzel Zaklad Remontowy Sp Z O O

Subsidiary

Rzeszow

Poland

Appliance Repair and Maintenance

3.0

19

 

BSH Sprzet Gospodarstwa Domowego Sp. z.o.o.

Subsidiary

Warszawa

Poland

Electrical Equipment and Appliances Manufacturing

1,047.5

1,824

 

BSH Home Appliances Corporation

Subsidiary

Huntington Beach, CA

United States

Electrical Equipment and Appliances Manufacturing

 

1,200

 

BSH Home Appliances Corp

Branch

New Bern, NC

United States

Electronics Wholesale

2,004.2

800

 

BSH Home Appliances Corp

Branch

Greenville, NC

United States

Electronics Wholesale

12.5

5

 

BSH Home Appliances Corp

Branch

Norwood, MA

United States

Electronics Wholesale

12.5

5

 

BSH Home Appliances Corp

Branch

Jacksboro, TN

United States

Electronics Wholesale

12.3

5

 

BSH hišni aparati d.o.o.

Subsidiary

Nazarje

Slovenia

Electrical Equipment and Appliances Manufacturing

439.1

1,068

 

BSH Home Appliances Ltd

Subsidiary

Milton Keynes

United Kingdom

Electronics Wholesale

804.2

835

 

BSH Ikiakes Syskeves SA

Subsidiary

Kifissia

Greece

Electronics Wholesale

286.3

810

 

Bskh Bytovye Pribory Ooo

Subsidiary

St. Petersburg

Russian Federation

Electrical Equipment and Appliances Manufacturing

188.4

800

 

BSH Drives and Pumps s.r.o.

Subsidiary

Michalovce

Slovakia

Electrical Equipment and Appliances Manufacturing

280.8

720

 

Bsh Huishoudapparaten B.V.

Subsidiary

Hoofddorp, Noord-Holland

Netherlands

Electronics and Appliances Stores

445.9

450

 

Gaggenau Industrie

Subsidiary

Lipsheim

France

Electrical Equipment and Appliances Manufacturing

110.0

335

 

BSH Electroménager SAS

Subsidiary

Saint Ouen

France

Electronics Wholesale

805.3

300

 

BSH Hushållsapparater AB

Subsidiary

Solna

Sweden

Electronics Wholesale

654.2

288

 

BSH Hvidevarer A/S

Subsidiary

Ballerup

Denmark

Electronics Wholesale

143.2

129

 

BSH Husholdningsapparater AS

Subsidiary

Oslo

Norway

Electronics Wholesale

102.4

68

 

BSH Hausgeräte Gesellschaft mbH

Subsidiary

Wien

Austria

Electronics Wholesale

252.0

253

 

Bsh Home Appliances

Subsidiary

Bruxelles

Belgium

Electronics Wholesale

287.8

235

 

Neff UK

Subsidiary

Milton Keynes

United Kingdom

Electrical Equipment and Appliances Manufacturing

 

150

 

Bshp - Electrodomésticos, Sociedade Unipessoal, LDA

Subsidiary

Carnaxide, Oeiras

Portugal

Electronics Wholesale

94.6

131

 

Bsh Home Appliances Manufacturing Limited

Subsidiary

Kabin Buri, Prachin Buri

Thailand

Electrical Equipment and Appliances Manufacturing

 

130

 

Bsh Home Appliances Pte. Ltd.

Subsidiary

Singapore

Singapore

Miscellaneous Wholesale

111.1

126

 

Bsh Home Appliances Limited

Subsidiary

Huai Khwang, Bangkok

Thailand

Electronics Wholesale

 

200

 

BSH Hausgeräte Service Nauen GmbH

Subsidiary

Nauen, Brandenburg

Germany

Miscellaneous Transportation Services

 

100

 

BSH domácí spotrebice s.r.o.

Subsidiary

Praha

Czech Republic

Electronics Wholesale

100.5

89

 

BSH Elettrodomestici SpA

Subsidiary

Milano

Italy

Electrical Equipment and Appliances Manufacturing

258.6

72

 

BSH háztartási készülék kereskedelmi Kft

Subsidiary

Budapest

Hungary

Electronics Wholesale

45.9

69

 

Gaggenau Hausgeräte GmbH

Subsidiary

München

Germany

Electrical Equipment and Appliances Manufacturing

 

60

 

Neff GmbH

Subsidiary

Bretten

Germany

Electrical Equipment and Appliances Manufacturing

360.2

1,100

 

BSH Vermögensverwaltungs-GmbH

Subsidiary

München, Bayern

Germany

Holding Companies

 

3

 

Neff GmbH

Subsidiary

München, Bayern

Germany

Electrical Equipment and Appliances Manufacturing

394.8

1,080

 

BSH Hausgerätewerk Nauen GmbH

Subsidiary

Nauen, Brandenburg

Germany

Metal Products Manufacturing

477.6

500

 

BSH Kodinkoneet Oy

Subsidiary

Helsinki

Finland

Electrical Equipment and Appliances Manufacturing

69.3

37

 

Bsh Electrocasnice Srl

Subsidiary

Bucuresti

Romania

Electronics Wholesale

7.7

23

 

BSH Bosch und Siemens Hausgeräte Altersfürsorge GmbH

Subsidiary

München, Bayern

Germany

Insurance Agents

 

4

 

BSH Hausgeräte Service GmbH

Subsidiary

München, Bayern

Germany

Electronic Equipment Repair and Maintenance

 

2

 

Bskh Bytovaya Tekhnika Ooo

Subsidiary

Moscow

Russian Federation

Electronics Wholesale

899.3

 

 

BSH Home Appliances Private Limited

Subsidiary

Mumbai, Maharashtra

India

Electrical Equipment and Appliances Manufacturing

 

 

 

BSH Home Appliances (China) Co Ltd

Joint Venture

Nanjing

China

Electrical Equipment and Appliances Manufacturing

 

 

 

BSH Home Appliances Corporation (Pty) Ltd

Subsidiary

Johannesburg

South Africa

Electrical Equipment and Appliances Manufacturing

 

 

 

Gaggenau Hausgerate GmbH

Subsidiary

Gaggenau

Germany

Electrical Equipment and Appliances Manufacturing

 

 

 

BSH Home Appliances Limited

Subsidiary

Kowloon

Hong Kong

Electronics Wholesale

 

 

 

OSRAM GmbH

Subsidiary

München, Bayern

Germany

Non-Metallic Mineral Product Manufacturing

2,438.3

39,000

 

Osram Sylvania, Inc.

Subsidiary

Danvers, MA

United States

Electrical Equipment and Appliances Manufacturing

 

11,200

 

Valeo-Sylvania, LLC

Joint Venture

Seymour, IN

United States

Electrical Equipment and Appliances Manufacturing

2,649.7

1,450

 

Valeo Sylvania Iluminación, S. De R.L. De C.V.

Subsidiary

Santa Rosa Jáuregui, Queretaro

Mexico

Motor Vehicle Parts Manufacturing

 

1,000

 

Valeo Sylvania Services, S. De R.L. De C.V.

Subsidiary

Queretaro, Queretaro

Mexico

Employment Services

 

50

 

Osram Sylvania

Branch

El Paso, TX

United States

Electronics Wholesale

1,822.6

700

 

Osram Sylvania

Branch

Manchester, NH

United States

Professional and Commercial Equipment Wholesale

1,384.5

650

 

Osram Sylvania

Branch

Hillsborough, NH

United States

Electronics Wholesale

775.6

600

 

Osram Sylvania

Branch

St Marys, PA

United States

Electrical Equipment and Appliances Manufacturing

125.4

500

 

Sylvania Lighting Services

Subsidiary

Danvers, MA

United States

Electrical Equipment and Appliances Manufacturing

 

500

 

Amtech Lighting Services

Subsidiary

Orange, CA

United States

Electrical Equipment and Appliances Manufacturing

 

840

 

Amtech Lighting Services

Branch

Union City, CA

United States

Specialty Construction Trade Contractors

0.8

150

 

Sylvania Lighting Services

Branch

Santa Fe Springs, CA

United States

Specialty Construction Trade Contractors

1.1

125

 

Amtech Lighting Services

Branch

San Jose, CA

United States

Specialty Construction Trade Contractors

 

30

 

Osram Emissive Products Division

Branch

Exeter, NH

United States

Machinery and Equipment Manufacturing

93.1

300

 

Osram Sylvania

Branch

Winchester, KY

United States

Machinery and Equipment Manufacturing

162.7

250

 

Osram Sylvania Glass Plant

Branch

Versailles, KY

United States

Electrical Equipment and Appliances Manufacturing

73.2

240

 

Osram Sylvania Glass Technology

Branch

Wellsboro, PA

United States

Home Furnishings Wholesale

470.8

200

 

Osram Sylvania

Branch

Corbin, KY

United States

Miscellaneous Manufacturing

46.0

170

 

Osram Sylvania Puerto Rico

Branch

Gurabo, PR

United States

Metal Products Manufacturing

 

146

 

Osram Sylvania

Branch

Bethlehem, PA

United States

Electronics Wholesale

124.5

100

 

Osram Sylvania

Branch

Westfield, IN

United States

Electronics Wholesale

111.4

94

 

Osram Sylvania

Branch

Central Falls, RI

United States

Electronics Wholesale

159.6

93

 

Osram Sylvania

Branch

Warren, PA

United States

Rubber and Plastic Product Manufacturing

21.5

80

 

Osram Sylvania

Branch

Ontario, CA

United States

Electronics Wholesale

128.7

50

 

Sylvania Lighting

Branch

Monroeville, PA

United States

Electronic Equipment Repair and Maintenance

8.5

50

 

Sylvania Lighting

Branch

Phoenix, AZ

United States

Electronic Equipment Repair and Maintenance

5.4

40

 

Sylvania Lighting

Branch

Hayward, CA

United States

Electronics Wholesale

40.7

30

 

Sylvania Lighting

Branch

Tampa, FL

United States

Electronic Equipment Repair and Maintenance

4.6

30

 

Sylvania Lighting

Branch

Houston, TX

United States

Electronic Equipment Repair and Maintenance

4.6

30

 

Osram Sylvania

Branch

Columbia, MD

United States

Electronics Wholesale

32.2

25

 

Sylvania Lighting

Branch

Richmond, VA

United States

Electronic Equipment Repair and Maintenance

5.5

25

 

Osram Sylvania Products

Branch

Fresno, CA

United States

Electronic Equipment Repair and Maintenance

4.9

25

 

Sylvania Lighting

Branch

Rancho Cordova, CA

United States

Electronic Equipment Repair and Maintenance

4.9

25

 

Sylvania Lighting

Branch

Poway, CA

United States

Electronic Equipment Repair and Maintenance

4.9

25

 

Sylvania Lighting

Branch

Pacoima, CA

United States

Electronic Equipment Repair and Maintenance

4.9

25

 

Osram Sylvania Lighting

Branch

Clackamas, OR

United States

Electronic Equipment Repair and Maintenance

4.3

25

 

Osram Sylvania Products

Branch

Powder Springs, GA

United States

Electronic Equipment Repair and Maintenance

4.0

25

 

Sylvania Lighting

Branch

Eldorado, OK

United States

Electronic Equipment Repair and Maintenance

3.9

25

 

Osram Sylvania

Branch

Central Falls, RI

United States

Electronic Equipment Repair and Maintenance

3.8

25

 

Sylvania Lighting

Branch

Cincinnati, OH

United States

Electronic Equipment Repair and Maintenance

3.6

25

 

Sylvania Lighting

Branch

Portland, OR

United States

Electronic Equipment Repair and Maintenance

3.7

22

 

Osram Opto Semiconductors, Inc.

Subsidiary

Northville, MI

United States

Semiconductor and Other Electronic Component Manufacturing

3.3

20

 

Sylvania Lighting

Branch

Denver, CO

United States

Electronics Wholesale

22.7

18

 

Sylvania Lighting

Branch

Troy, MI

United States

Civil Engineering

3.2

10

 

Osram Sylvania

Branch

Versailles, KY

United States

Construction and Hardware Materials Wholesale

18.7

8

 

Sylvania Lighting

Branch

Auburn, WA

United States

Electronics Wholesale

11.4

8

 

Sylvania Lighting

Branch

Bartlett, TN

United States

Electronics Wholesale

8.5

7

 

Osram Sylvania

Branch

Dallas, TX

United States

Electronics Wholesale

6.9

5

 

Osram Sylvania

Branch

Belton, TX

United States

Electronics Wholesale

6.9

5

 

Osram Sylvania

Branch

El Paso, TX

United States

Electronics Wholesale

6.9

5

 

Sylvania Lighting

Branch

East Brunswick, NJ

United States

Electronics Wholesale

6.8

5

 

Sylvania Lighting

Branch

Newark, NJ

United States

Electronics Wholesale

6.8

5

 

Sylvania Lighting

Branch

San Diego, CA

United States

Electronics Wholesale

6.8

5

 

Osram Sylvania

Branch

Elk Grove Vlg, IL

United States

Electronics Wholesale

6.5

5

 

Osram Sylvania Products

Branch

Palos Heights, IL

United States

Electronics Wholesale

6.5

5

 

Osram Sylvania

Branch

Canton, MA

United States

Electronics Wholesale

6.1

5

 

Osram Sylvania

Branch

Danvers, MA

United States

Electronics Wholesale

6.1

5

 

Osram Sylvania

Branch

Agawam, MA

United States

Electronics Wholesale

6.1

5

 

Osram Sylvania

Branch

Knoxville, TN

United States

Electronics Wholesale

6.1

5

 

Osram Sylvania

Branch

St Paul, MN

United States

Electronics Wholesale

5.8

5

 

OSRAM Opto Semiconductors GmbH

Subsidiary

Regensburg, Bayern

Germany

Semiconductor and Other Electronic Component Manufacturing

1,316.4

4,600

 

Osram Opto Semiconductors (Malaysia) Sdn Bhd

Subsidiary

Bayan Lepas, Penang

Malaysia

Semiconductor and Other Electronic Component Manufacturing

401.2

2,500

 

Osram Opto Semiconductors Asia Limited

Subsidiary

Wan Chai, Hong Kong

Hong Kong

Electronics Wholesale

 

 

 

OSRAM, a.s.

Subsidiary

Nové Zámky

Slovakia

Electrical Equipment and Appliances Manufacturing

168.1

1,849

 

Osram Indonesia, PT

Subsidiary

Jakarta Pusat

Indonesia

Electrical Equipment and Appliances Manufacturing

 

1,330

 

Siteco Lighting GmbH

Subsidiary

Traunreut, Bayern

Germany

Electrical Equipment and Appliances Manufacturing

288.2

1,260

 

Siteco Beleuchtungstechnik GmbH

Subsidiary

Traunreut, Bayern

Germany

Electrical Equipment and Appliances Manufacturing

235.8

1,250

 

Siteco Auslandsholding GmbH

Subsidiary

Traunreut, Bayern

Germany

Investment Services

 

1

 

Siteco Ltd

Subsidiary

Stockport

United Kingdom

Miscellaneous Wholesale

8.6

34

 

Siteco Lighting (M) Sdn. Bhd.

Subsidiary

Puchong, Selangor

Malaysia

Electrical Equipment and Appliances Manufacturing

5.9

20

 

Osram SpA

Subsidiary

Milano, MI

Italy

Electrical Equipment and Appliances Manufacturing

319.1

1,030

 

OSRAM Ceská republika s.r.o.

Subsidiary

Bruntál

Czech Republic

Electrical Equipment and Appliances Manufacturing

63.2

940

 

Osram SASU

Subsidiary

Molsheim

France

Electrical Equipment and Appliances Manufacturing

333.6

874

 

OSRAM, S.A. de C.V.

Subsidiary

Tultitlán, Estado de México

Mexico

Electrical Equipment and Appliances Manufacturing

82.5

700

 

Radium Lampenwerk GmbH

Subsidiary

Wipperfürth, Nordrhein-Westfalen

Germany

Electrical Equipment and Appliances Manufacturing

121.5

600

 

Osram do Brasil Cia de Lâmpadas Elétricas

Subsidiary

Osasco, SP

Brazil

Electrical Equipment and Appliances Manufacturing

 

560

 

OSRAM Korea Co Ltd

Subsidiary

Ansan-si, Gyeonggi-do

Korea, Republic of

Electrical Equipment and Appliances Manufacturing

131.0

273

 

Osram Argentina S.A.C.I.

Subsidiary

Buenos Aires

Argentina

Electrical Equipment and Appliances Manufacturing

39.9

180

 

Osram Sylvania Ltd.

Subsidiary

Mississauga, ON

Canada

Electrical Equipment and Appliances Manufacturing

33.9

140

 

Osram Ltd.

Subsidiary

Slough

United Kingdom

Electrical Equipment and Appliances Manufacturing

85.2

97

 

OSRAM Taiwan Co Ltd

Subsidiary

Taipei

Taiwan

Electrical Equipment and Appliances Manufacturing

 

85

 

Osram Sa

Subsidiary

Tres Cantos, Madrid

Spain

Electronics Wholesale

73.4

83

 

OSRAM AB

Subsidiary

Haninge

Sweden

Electrical Equipment and Appliances Manufacturing

10.7

64

 

OSRAM Benelux BV

Subsidiary

Capelle aan den IJssel

Netherlands

Electronics Wholesale

 

60

 

OAO OSRAM

Subsidiary

Moscow

Russian Federation

Electrical Equipment and Appliances Manufacturing

 

60

 

OSRAM Sp. z.o.o.

Subsidiary

Warszawa

Poland

Electronics Wholesale

 

50

 

Osram Australia Pty. Ltd.

Subsidiary

Pennant Hills, NSW

Australia

Electrical Equipment and Appliances Manufacturing

25.9

46

 

OSRAM AS Zweigniederlassung Österreich

Subsidiary

Wien

Austria

Electronics Wholesale

8.4

34

 

OY OSRAM AB

Subsidiary

Espoo

Finland

Electrical Equipment and Appliances Manufacturing

25.2

33

 

OSRAM (Malaysia) Sdn. Bhd.

Subsidiary

Petaling Jaya, Selangor

Malaysia

Electrical Equipment and Appliances Manufacturing

19.7

30

 

Osram AS

Subsidiary

Lysaker

Norway

Electrical Equipment and Appliances Manufacturing

37.4

27

 

Osram - Empresa De Aparelhagem Eléctrica, Lda

Subsidiary

Carnaxide, Lisboa

Portugal

Electrical Equipment and Appliances Manufacturing

24.4

23

 

OSRAM de Colombia Iluminaciones S.A.

Subsidiary

Bogota

Colombia

Electrical Equipment and Appliances Manufacturing

10.7

20

 

OSRAM (Malaysia) Sdn Bhd

Subsidiary

Petaling Jaya, Selangor

Malaysia

Electronics Wholesale

 

20

 

OSRAM A/S

Subsidiary

TÃ¥strup

Denmark

Electrical Equipment and Appliances Manufacturing

29.0

19

 

OSRAM d.o.o.

Subsidiary

Zagreb

Croatia

Electrical Equipment and Appliances Manufacturing

7.1

17

 

OSRAM Romania SRL

Subsidiary

Voluntari

Romania

Electronics Wholesale

 

13

 

OSRAM d.o.o

Subsidiary

Belgrade

Serbia

Electrical Equipment and Appliances Manufacturing

 

10

 

Osram Lamp Company

Subsidiary

Tehran

Iran

Electrical Equipment and Appliances Manufacturing

 

10

 

OSRAM de Peru S.A.C.

Subsidiary

Lima

Peru

Electrical Equipment and Appliances Manufacturing

 

5

 

OSRAM d.o.o.

Subsidiary

Mostar

Bosnia and Herzegovina

Electrical Equipment and Appliances Manufacturing

 

1

 

OSRAM Pte. Ltd.

Subsidiary

Singapore

Singapore

Electrical Equipment and Appliances Manufacturing

31.4

 

 

Osram Pte Ltd

Subsidiary

Ha Noi

Viet Nam

Electronics Wholesale

 

 

 

OSRAM China Lighting Ltd

Subsidiary

Foshan, Guangdong Province

China

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM (Pty) Ltd

Subsidiary

Randjespark, Midrand

South Africa

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Ampul Ticaret AS

Subsidiary

Istanbul

Turkey

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Middle East FZE

Subsidiary

Dubai

United Arab Emirates

Electronics Wholesale

 

 

 

OSRAM Philippines Limited Corporation

Subsidiary

Makati City

Philippines

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM (Thailand) Co Ltd

Subsidiary

Bangkok

Thailand

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Singapore Pte Ltd

Subsidiary

Ho Chi Minh City

Viet Nam

Electronics Wholesale

 

 

 

OSRAM GmbH

Subsidiary

Moscow

Russian Federation

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Middle East FZE

Subsidiary

Nairobi

Kenya

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Chile Ltda.

Subsidiary

Santiago

Chile

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Lighting Control Systems Ltd.

Subsidiary

Wanchai

Hong Kong

Electrical Equipment and Appliances Manufacturing

 

 

 

Traxon Technologies Ltd.

Subsidiary

Sha Tin

Hong Kong

Electrical Equipment and Appliances Manufacturing

 

 

 

e:cue management GmbH

Subsidiary

Paderborn, Nordrhein-Westfalen

Germany

Consulting Services

 

33

 

OSRAM Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Korea Co. Ltd.

Subsidiary

Seoul

Korea, Republic of

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Automotive Lamps Private Limited

Subsidiary

Bengaluru, Karnataka

India

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM-MELCO Toshiba Lighting Ltd.

Subsidiary

Yokosuka, Kanagawa

Japan

Electrical Equipment and Appliances Manufacturing

 

 

 

Osram-Melco Toshiba Lighting Ltd.

Branch

Kakegawa, Shizuoka

Japan

Electrical Equipment and Appliances Manufacturing

 

 

 

Traxon Technologies Europe GmbH

Subsidiary

Paderborn

Germany

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Empresa de Aparelhagem Electrica Lda.

Subsidiary

Carnaxide

Portugal

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM EOOD

Subsidiary

Sofia

Bulgaria

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM del Ecuador S.A.

Subsidiary

Guayaquil

Ecuador

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM Opto Semiconductors Asia Ltd.

Subsidiary

Wanchai

Hong Kong

Electrical Equipment and Appliances Manufacturing

 

 

 

Osram Hong Kong Limited

Subsidiary

 

 

 

 

 

 

Ningbo Zhuoming Electronic Co.,Ltd.

Subsidiary

Ningbo, Zhejiang

China

Electrical Equipment and Appliances Manufacturing

46.7

1,000

 

Siemens Medical Solutions GmbH

Holding

Erlangen

Germany

Medical Equipment and Supplies

 

33,000

 

Siemens Medical Solutions USA, Inc.

Subsidiary

Malvern, PA

United States

Medical Equipment and Supplies

 

8,000

 

Siemens Ltda.

Subsidiary

São Paulo, SP

Brazil

Electrical Equipment and Appliances Manufacturing

1,742.0

5,620

 

Siemens Building Technologies Ltda.

Subsidiary

São Paulo, SP

Brazil

Communications Equipment Manufacturing

 

 

 

Turbocare Servicos Para Turbomaquinas Ltda

Subsidiary

Sao Bernardo Do Campo, Sao Paulo

Brazil

Machinery and Equipment Manufacturing

 

96

 

Va Tech Argentina S.A.

Subsidiary

Ciudad De Buenos Aires, Ciudad De Buenos Aires

Argentina

Electricity Generation and Distribution

 

 

 

Siemens Healthcare Diagnostics

Branch

Newark, DE

United States

Medical Equipment and Supplies

965.4

1,500

 

Siemens Molecular Imaging, Inc.

Subsidiary

Knoxville, TN

United States

Electromedical and Control Instruments Manufacturing

293.4

963

 

Cti/Petnet Merger Corp.

Subsidiary

 

 

 

 

 

 

Siemens Magnet Technology Limited

Subsidiary

Camberley

United Kingdom

Non-Metallic Mineral Product Manufacturing

250.0

600

 

Siemens Healthcare

Branch

Knoxville, TN

United States

Data Processing

118.8

600

 

Siemens Healthcare

Branch

Issaquah, WA

United States

Medical Equipment and Supplies

174.6

525

 

Siemens Healthcare

Branch

Austin, TX

United States

Medical Equipment and Supplies

186.1

350

 

Siemens Healthcare

Branch

Raleigh, NC

United States

Medical Equipment and Supplies

114.0

350

 

Siemens Healthcare

Branch

Hudson, OH

United States

Medical Equipment and Supplies

109.1

350

 

Siemens Healthcare

Branch

Hollidaysburg, PA

United States

Medical Equipment and Supplies

101.1

350

 

Siemens Healthcare

Branch

Concord, CA

United States

Medical Equipment and Supplies

95.1

350

 

Siemens Healthcare Diagnostics

Branch

West Sacramento, CA

United States

Medical Equipment and Supplies

81.5

300

 

Siemens Healthcare Diagnostics

Subsidiary

Los Angeles, CA

United States

Electromedical and Control Instruments Manufacturing

 

250

 

Siemens Healthcare Diagnostics

Division

Flanders, NJ

United States

Pharmaceutical Manufacturing

147.6

450

 

Siemens Healthcare

Branch

Cypress, CA

United States

Professional and Commercial Equipment Wholesale

470.3

200

 

Siemens Healthcare Diagnostics

Branch

Norwood, MA

United States

Professional and Commercial Equipment Wholesale

425.3

200

 

Siemens Healthcare

Branch

Norwood, MA

United States

Medical Equipment and Supplies

35.9

150

 

Siemens Medical Solutions

Branch

Alpharetta, GA

United States

Professional and Commercial Equipment Wholesale

153.2

100

 

Siemens Medical Solutions Diagnostics

Subsidiary

Barcelona

Spain

Electromedical and Control Instruments Manufacturing

 

100

 

Siemens Medical Equipment-New York

Branch

New York, NY

United States

Professional and Commercial Equipment Wholesale

 

100

 

Siemens Medical Solutions Diagnostics, Unipessoal

Subsidiary

Amadora

Portugal

Electromedical and Control Instruments Manufacturing

40.1

79

 

Siemens Healthcare

Branch

Houston, TX

United States

Professional and Commercial Equipment Wholesale

142.7

60

 

Siemens Medical Solutions Health Services GmbH

Subsidiary

Eschborn

Germany

Software

 

50

 

Siemens Healthcare

Branch

Cary, NC

United States

Medical Equipment and Supplies

14.7

45

 

Siemens Healthcare

Branch

Youngstown, OH

United States

Computer, Office Equipment and Software Merchant Wholesalers

64.0

41

 

Siemens Healthcare Services Ltd.

Subsidiary

Camberley

United Kingdom

Software

 

30

 

Siemens Medical Solutions Usa, Inc.

Branch

Knoxville, TN

United States

Professional and Commercial Equipment Wholesale

 

24

 

Siemens Medical Solutions Diagnostics

Subsidiary

Midrand, Rendjesfontein

South Africa

Electromedical and Control Instruments Manufacturing

4.3

21

 

Siemens Healthcare

Branch

Pleasanton, CA

United States

Professional and Commercial Equipment Wholesale

35.3

15

 

Siemens Medical Solutions AS

Subsidiary

Budapest

Hungary

Music

 

15

 

Siemens Medical Solutions Health Services Italia

Subsidiary

Rome

Italy

Software

 

14

 

Siemens Medical Solutions Diagnostics Ltd.

Subsidiary

Kowloon

Hong Kong

Electromedical and Control Instruments Manufacturing

 

12

 

Siemens Healthcare

Branch

East Walpole, MA

United States

Professional and Commercial Equipment Wholesale

19.1

9

 

Siemens Healthcare

Branch

Tredyffrin, PA

United States

Professional and Commercial Equipment Wholesale

17.3

8

 

Siemens Healthcare Diagnostics

Branch

Brookfield, CT

United States

Medical Equipment and Supplies

2.1

8

 

Siemens Healthcare

Branch

Oneonta, NY

United States

Professional and Commercial Equipment Wholesale

13.5

6

 

Siemens Healthcare

Branch

Orlando, FL

United States

Professional and Commercial Equipment Wholesale

13.5

6

 

Siemens Healthcare

Branch

Phoenix, AZ

United States

Professional and Commercial Equipment Wholesale

13.4

6

 

Siemens Healthcare

Branch

Broomall, PA

United States

Professional and Commercial Equipment Wholesale

13.0

6

 

Siemens Healthcare

Branch

Pittsburgh, PA

United States

Professional and Commercial Equipment Wholesale

13.0

6

 

Siemens Healthcare

Branch

Conestoga, PA

United States

Professional and Commercial Equipment Wholesale

13.0

6

 

Siemens Healthcare

Branch

Greensboro, NC

United States

Professional and Commercial Equipment Wholesale

12.8

6

 

Siemens Healthcare

Branch

Cary, NC

United States

Professional and Commercial Equipment Wholesale

12.8

6

 

Siemens Healthcare

Branch

Ann Arbor, MI

United States

Professional and Commercial Equipment Wholesale

12.1

6

 

Siemens Healthcare

Branch

Orlando, FL

United States

Professional and Commercial Equipment Wholesale

11.2

5

 

Siemens Healthcare

Branch

Cantonment, FL

United States

Professional and Commercial Equipment Wholesale

11.2

5

 

Siemens Ltd

Subsidiary

Beijing

China

Electrical Equipment and Appliances Manufacturing

8,902.6

30,000

GW

Siemens Transformer (Jinan) Co., Ltd.

Subsidiary

Jinan, Shandong

China

Electrical Equipment and Appliances Manufacturing

136.4

500

 

Siemens(Hangzhou) High Voltage Circuit Breaker Co. Ltd., Hangzhou

Subsidiary

Hangzhou, Zhejiang

China

Electrical Equipment and Appliances Manufacturing

121.3

500

 

Siemens Electrical Drives (Shanghai) Ltd.

Subsidiary

Shanghai

China

Electrical Equipment and Appliances Manufacturing

77.5

500

 

Siemens Low-Voltage Circuit Breaker Co., Ltd. Shanghai

Subsidiary

Shanghai, Shanghai

China

Electrical Equipment and Appliances Manufacturing

26.8

500

 

Siemens Shenzhen Magnetic Resonance Ltd.

Subsidiary

Shenzhen, Guangdong

China

Electromedical and Control Instruments Manufacturing

 

500

 

Siemens Sensors And Communication Ltd.

Subsidiary

Dalian, Liaoning

China

Semiconductor and Other Electronic Component Manufacturing

 

500

 

Yangtze Delta Manufacturing Co.,Ltd

Subsidiary

Hangzhou, Zhejiang

China

Electrical Equipment and Appliances Manufacturing

47.9

450

 

Trench China Mwb (Shanghai) Co.Ltd.

Subsidiary

Shanghai, Shanghai

China

Semiconductor and Other Electronic Component Manufacturing

41.2

400

 

Siemens High Voltage Switchgear Ltd., Shanghai

Subsidiary

Shanghai, Shanghai

China

Electrical Equipment and Appliances Manufacturing

64.3

200

 

Siemens Surge Arrester (Wuxi) Ltd. Ssal

Subsidiary

Wuxi, Jiangsu

China

Electrical Equipment and Appliances Manufacturing

22.8

200

 

Siemens Industrial Turbomachinery (Huludao) Co., Ltd.

Subsidiary

Huludao, Liaoning

China

Machinery and Equipment Manufacturing

 

200

 

Siemens X-Ray Vacuum Technology Ltd.

Subsidiary

Wuxi, Jiangsu

China

Electromedical and Control Instruments Manufacturing

 

135

 

Siemens Process Analytics Ltd., Shanghai

Subsidiary

Shanghai, Shanghai

China

Professional and Commercial Equipment Wholesale

17.3

25

 

Siemens Logistics And Assembly Equipment (Suzhou) Co., Ltd.

Subsidiary

Suzhou, Jiangsu

China

Machinery and Equipment Manufacturing

14.5

18

 

Siemens Mechanical Drive Systems (Tianjin) Co.,Ltd.

Subsidiary

Tianjin, Tianjin

China

Machinery and Equipment Manufacturing

227.6

 

 

Siemens Technology Development Co., Ltd. Of Beijing

Subsidiary

Beijing, Beijing

China

Industrial Machinery Repair and Maintenance

116.8

 

 

Siemens Program And System Engineering (Nanjing) Co., Ltd.

Subsidiary

Nanjing, Jiangsu

China

Computer System Design Services

0.6

 

 

Siemens Mobility Group

Holding

Erlangen

Germany

Train and Railroad Equipment Manufacturing

 

25,000

 

Asset/product line purchase proposed/announced.See corporate structure news on Siemens AG for details

Siemens Transportation Systems

Subsidiary

Munich

Germany

Train and Railroad Equipment Manufacturing

 

18,400

 

Siemens Werk Uerdingen Transportation Systems

Subsidiary

Krefeld, Uerdingen

Germany

Railroad Transport

 

1,200

 

Siemens Oesterreich AG

Subsidiary

Vienna

Austria

Communications Equipment Manufacturing

 

11,800

 

Siemens Limited

Subsidiary

Mumbai

India

Electrical Equipment and Appliances Manufacturing

2,707.2

10,794

 

Siemens Ltda ( Mg )

Subsidiary

Belo Horizonte, Minas Gerais

Brazil

Miscellaneous Telecommunication Services

2,124.6

10,000

 

Siemens Ltda ( Curitiba )

Subsidiary

Curitiba, Parana

Brazil

Miscellaneous Telecommunication Services

2,124.6

10,000

 

Siemens, S.A. de C.V.

Subsidiary

México, D.F.

Mexico

Electrical Equipment and Appliances Manufacturing

1,179.2

8,360

 

Siemens Aktiengesellschaft Österreich

Subsidiary

Wien

Austria

Communications Equipment Manufacturing

3,727.9

7,431

 

Siemens AG Österreich - GUD

Subsidiary

Wien, Wien

Austria

Research and Development Services

 

3,000

 

Siemens termelõ, szolgáltató és kereskedelmi Zrt

Subsidiary

Budapest

Hungary

Machinery and Equipment Manufacturing

464.1

1,937

 

Siemens Transformer (Guangzhou) Co., Ltd.

Subsidiary

Guangzhou, Guangdong

China

Electrical Equipment and Appliances Manufacturing

157.8

650

 

Siemens PSE Program- és Rendszerfejlesztõ Kft

Subsidiary

Budapest

Hungary

Computer Programming

16.9

218

 

Siemens d.o.o. za odrzavanje i nabavku tehnike, zastupanje i spolnju trgovinu Sarajevo

Subsidiary

Sarajevo

Bosnia and Herzegovina

Electronics Wholesale

28.4

100

 

Innovest Kapitalanlage AG

Subsidiary

Wien

Austria

Banking

 

36

 

Siemens Ukraine Subsidiary Company With Foreign Investment

Subsidiary

Kiev

Ukraine

Computer, Office Equipment and Software Merchant Wholesalers

29.4

 

 

VA Technologie AG

Subsidiary

 

 

 

 

 

 

Siemens Transformadores, S.A. de C.V.

Subsidiary

Guanajuato, Guanajuato

Mexico

Electrical Equipment and Appliances Manufacturing

 

450

 

EBG Haustechnik GmbH & Co.KG

Subsidiary

Linz, Oberösterreich

Austria

Specialty Construction Trade Contractors

8.4

270

 

applied international informatics GmbH

Subsidiary

Berlin, Berlin

Germany

Computer System Design Services

39.5

120

 

Andritz Hydro Private Limited

Subsidiary

Raisen, Madhya Pradesh

India

Electrical Equipment and Appliances Manufacturing

155.6

 

 

Andritz Hydro Private Limited

Subsidiary

Faridabad, Haryana

India

Civil Engineering

 

 

 

Va Tech (UK) Ltd.

Subsidiary

Camberley

United Kingdom

Electrical Equipment and Appliances Manufacturing

 

 

 

PT. ANDRITZ HYDRO

Subsidiary

Jakarta

Indonesia

Electronics Wholesale

 

 

 

UGS Corp.

Subsidiary

Plano, TX

United States

Computer System Design Services

1,218.7

7,200

 

Siemens PLM Software

Branch

Milford, OH

United States

Software

286.3

700

 

Siemens Industry Software Ltd.

Subsidiary

Camberley

United Kingdom

Computer System Design Services

90.6

431

 

Siemens PLM Software

Branch

Cypress, CA

United States

Electronics and Appliances Stores

80.9

300

 

Siemens Product Lifecycle Management

Subsidiary

Maryland Heights, MO

United States

Software

112.5

275

 

Siemens Product Lifecycle Management Software (DE) GmbH

Division

Cologne

Germany

Computer Programming

 

160

 

Siemens Product Lifecycle Management Software (DE) GmbH

Division

Berlin

Germany

Electronics and Appliances Stores

 

500

 

Siemens PLM Software

Branch

Livonia, MI

United States

Specialized Design Services

19.0

150

 

Siemens Industry Software S.r.l

Subsidiary

Milan

Italy

Computer Programming

57.6

141

 

Siemens UGS Tecnomatix

Division

Herzliyya

Israel

Music

86.3

140

 

Siemens PLM Software

Division

Huntsville, AL

United States

Computer Programming

0.7

105

 

Siemens Industry Software AB

Subsidiary

Kista

Sweden

Computer Programming

51.1

100

 

Siemens PLM Software

Division

Ames, IA

United States

Software

24.5

95

 

Siemens PLM Software

Branch

Ann Arbor, MI

United States

Electronics and Appliances Stores

20.8

80

 

Siemens PLM Software

Branch

San Jose, CA

United States

Computer System Design Services

12.4

50

 

Siemens PLM Software

Branch

San Diego, CA

United States

Electronics and Appliances Stores

13.0

48

 

Siemens PLM Software

Branch

Dade City, FL

United States

Electronics and Appliances Stores

12.4

48

 

Siemens Product Lifecycle Management

Branch

Fairfax, VA

United States

Electronics and Appliances Stores

11.7

48

 

Siemens PLM Software

Branch

Houston, TX

United States

Software

16.4

40

 

Siemens PLM Software

Branch

Waltham, MA

United States

Software

16.4

40

 

Siemens PLM Software

Branch

West Chester, OH

United States

Software

14.3

35

 

Siemens PLM Software

Division

Richardson, TX

United States

Computer System Design Services

 

35

 

Siemens PLM Software

Branch

Fairport, NY

United States

Software

12.3

30

 

Siemens PLM Software

Branch

Downers Grove, IL

United States

Computer System Design Services

8.0

30

 

Siemens PLM Software

Branch

Burlington, MA

United States

Electronics and Appliances Stores

7.3

30

 

Siemens PLM Software

Branch

State College, PA

United States

Software

10.2

25

 

Siemens PLM Software

Branch

Duluth, GA

United States

Software

2.0

5

 

Tecnomatix Technologies Ltd

Subsidiary

 

 

 

 

 

 

Tecnomatix Unicam Inc

Subsidiary

Newington, NH

United States

Software

40.9

100

 

EDS PLM Solutions Inc

Branch

 

 

 

 

 

 

Siemens Industry Software AG

Subsidiary

Zurich

Switzerland

Computer Programming

 

70

 

Siemens, s.r.o.

Subsidiary

Praha

Czech Republic

Communications Equipment Manufacturing

1,032.4

7,062

 

Siemens France Holding SASU

Subsidiary

Saint Denis

France

Electrical Equipment and Appliances Manufacturing

2,984.9

7,013

 

InterSystems SAS

Subsidiary

Courbevoie

France

Computer System Design Services

13.1

149

 

Siemens Healthcare Diagnostics

Subsidiary

Deerfield, IL

United States

Pharmaceutical Manufacturing

105.2

6,400

 

Dada Behring S.A.

Subsidiary

Brussels

Belgium

Electromedical and Control Instruments Manufacturing

 

15,000

 

Siemens Healthcare Diagnostics

Subsidiary

Tarrytown, NY

United States

Electromedical and Control Instruments Manufacturing

3.3

14,000

 

Siemens Healthcare Diagnostics Ltd

Subsidiary

Mississauga, ON

Canada

Electromedical and Control Instruments Manufacturing

 

70

 

Siemens Diagnostics (Shanghai) Co. Ltd.

Subsidiary

Shanghai

China

Electromedical and Control Instruments Manufacturing

 

70

 

Siemens Diagnostics Pty. Ltd.

Subsidiary

Lane Cove, NSW

Australia

Electromedical and Control Instruments Manufacturing

 

45

 

Siemens Healthcare Diagnostics Sp. z o.o.

Subsidiary

Warsaw

Poland

Electromedical and Control Instruments Manufacturing

 

30

 

Siemens Healthcare Diagnostics Ltd

Subsidiary

Istanbul

Turkey

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Diagnostics Limited

Subsidiary

Tokyo

Japan

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Schweiz AG

Subsidiary

Zürich

Switzerland

Communications Equipment Manufacturing

1,192.0

6,283

 

Siemens Building Technologies, Pt

Subsidiary

Jakarta, Jakarta

Indonesia

Architecture and Engineering

 

 

 

Flender AG

Subsidiary

Bocholt

Germany

Machinery and Equipment Manufacturing

 

5,899

 

Siemens AB

Subsidiary

Molndal

Sweden

Machinery and Equipment Manufacturing

 

10,000

 

Loher GmbH

Division

Ruhstorf

Germany

Electrical Equipment and Appliances Manufacturing

472.8

1,300

 

Siemens Geared Motors GmbH

Subsidiary

Tubingen

Germany

Machinery and Equipment Manufacturing

 

650

 

Flender Getriebewerk Penig GmbH

Subsidiary

Penig

Germany

Machinery and Equipment Manufacturing

 

600

 

Flender Graffenstaden S.A.

Subsidiary

Illkirch-Graffenstaden

France

Machinery and Equipment Manufacturing

 

370

 

Flender Service GmbH

Division

Herne

Germany

Metal Products Manufacturing

 

250

 

Flender Power Transmission (Pty.) Ltd.

Subsidiary

Kempton Park, Isando

South Africa

Machinery and Equipment Manufacturing

 

200

 

Flender Corporation

Subsidiary

Elgin, IL

United States

Machinery and Equipment Manufacturing

45.0

60

 

Bruinhof BV

Subsidiary

Rotterdam

Netherlands

Machinery and Equipment Manufacturing

 

30

 

Flender Limited

Subsidiary

Kolkata,

India

Machinery and Equipment Manufacturing

 

30

 

Flender Iberica S.A.

Subsidiary

Madrid

Spain

Machinery and Equipment Manufacturing

 

25

 

Flender Ges.m.b.H.

Subsidiary

Wiener Neudorf

Austria

Machinery and Equipment Manufacturing

 

16

 

NV Flender Belge S.A.

Subsidiary

Vilvoorde

Belgium

Machinery and Equipment Manufacturing

 

12

 

Flender de Mexico, S.A. de C.V.

Subsidiary

Puebla

Mexico

Machinery and Equipment Manufacturing

 

1

 

Siemens Ltd.

Subsidiary

Wetherill Park, NSW

Australia

Machinery and Equipment Manufacturing

 

 

 

Siemens Information Systems Limited

Subsidiary

Mumbai, Maharashtra

India

Computer System Design Services

 

5,500

 

Siemens Ltda

Subsidiary

Sao Paulo, SP

Brazil

Electrical Equipment and Appliances Manufacturing

 

5,370

 

Siemens Wind Power A/S

Subsidiary

Brande

Denmark

Machinery and Equipment Manufacturing

3,663.3

4,957

 

Siemens SAS

Subsidiary

Saint-Denis

France

Machinery and Equipment Manufacturing

1,940.3

4,932

 

Siemens S.A.S

Branch

Elancourt, Yvelines

France

Machinery Wholesale

 

20

 

Siemens S.A.S

Branch

Bussy St Georges, Seine Et Marne

France

Machinery Wholesale

 

20

 

Siemens Rail Automation Ltd.

Subsidiary

Swanley

United Kingdom

Nonclassifiable Establishments

 

4,000

 

Invensys Rail Corporation

Subsidiary

Louisville, KY

United States

Communications Equipment Manufacturing

 

300

 

Asset/product line purchase by Siemens Mobility Group proposed/announced.See corporate structure news on Siemens AG for details

Invensys Rail

Branch

Orange Park, FL

United States

Train and Railroad Equipment Manufacturing

34.7

100

 

Invensys Rail Pty Limited

Subsidiary

Docklands, VIC

Australia

Communications Equipment Manufacturing

36.2

250

 

Invensys Rail Pty Ltd

Branch

Mongkok, Kowloon

Hong Kong

Architecture and Engineering

10,373.0

25

 

Invensys Rail Dimetronic SA

Subsidiary

San Fernando de Henares

Spain

Semiconductor and Other Electronic Component Manufacturing

 

 

 

Siemens Nederland NV

Subsidiary

Den Haag

Netherlands

Electromedical and Control Instruments Manufacturing

1,278.3

3,000

 

Siemens Audiologie Techniek BV

Subsidiary

Den Haag

Netherlands

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Ltd

Subsidiary

Moscow

Russian Federation

Communications Equipment Manufacturing

727.0

3,000

 

Siemens Hearing Solutions

Subsidiary

Moscow

Russian Federation

Medical Equipment and Supplies

 

 

 

Siemens SpA

Subsidiary

Milano, MI

Italy

Electrical Equipment and Appliances Manufacturing

2,037.1

2,779

 

Siemens Industrial Turbomachinery AB

Subsidiary

Finspang

Sweden

Machinery and Equipment Manufacturing

1,472.0

2,738

 

Siemens Industrial Turbomachinery AB

Subsidiary

Trollhättan, Västra Götaland

Sweden

Machinery and Equipment Manufacturing

1,472.0

2,738

 

Siemens Argentina S.A.

Subsidiary

Buenos Aires

Argentina

Communications Equipment Manufacturing

450.6

2,590

 

Siemens Sanayi ve Ticaret AS

Subsidiary

Istanbul

Turkey

Computer and Peripheral Equipment Manufacturing

 

2,579

 

Siemens Sa

Subsidiary

Tres Cantos, Madrid

Spain

Communications Equipment Manufacturing

1,379.6

2,213

 

Telecomunicacion Electronica Y Conmutacion Sa

Subsidiary

Tres Cantos, Madrid

Spain

Machinery Wholesale

33.9

 

 

Siemens, S.A.

Subsidiary

Amadora

Portugal

Electrical Equipment and Appliances Manufacturing

442.4

2,108

 

Siemens Ltd

Subsidiary

Bayswater, VIC

Australia

Natural Gas Distribution

1,203.3

2,080

 

Siemens It Solutions And Services S.A. (Cordoba)

Subsidiary

Cordoba, Cordoba

Argentina

Software

369.0

2,000

 

Siemens Ltd

Subsidiary

Halfway House

South Africa

Wired Telecommunications Carriers

 

2,000

 

Siemens Technopark Nurnberg Verwaltungs GmbH

Subsidiary

Nuremberg

Germany

Investment Services

 

2,000

 

Siemens Advanced Engineering Pte Ltd.

Subsidiary

Singapore

Singapore

Architecture and Engineering

 

1,834

 

Siemens AS

Subsidiary

Oslo

Norway

Electrical Equipment and Appliances Manufacturing

1,004.7

1,823

 

Siemens As

Branch

Trondheim, Sør-Trøndelag

Norway

Electrical Equipment and Appliances Manufacturing

 

197

 

Siemens As

Branch

Bergen, Hordaland

Norway

Specialty Construction Trade Contractors

 

21

 

Siemens As

Branch

Stavanger, Rogaland

Norway

Specialty Construction Trade Contractors

 

9

 

Siemens Rt.

Subsidiary

Budapest

Hungary

Electrical Equipment and Appliances Manufacturing

 

1,800

 

Siemens Limited

Subsidiary

Bangkok

Thailand

Electromedical and Control Instruments Manufacturing

 

1,750

 

Siemens Rail Automation Holdings Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Transportation Equipment Manufacturing

450.5

1,735

 

Westinghouse Brake And Signal Holdings Limited (Singapore Br

Branch

Singapore

Singapore

Travel and Reservation Services

2.9

 

 

Siemens Rail Automation Ltd

Subsidiary

Chippenham

United Kingdom

Architecture and Engineering

 

 

 

Invensys Rail Limited Taiwan Branch (U.K.)

Branch

Taipei City, Taipei

Taiwan

Machinery Wholesale

 

20

 

Siemens

Subsidiary

Bruxelles

Belgium

Electrical Equipment and Appliances Manufacturing

941.4

1,538

 

Siemens Industrial Turbomachinery Ltd.

Subsidiary

Lincoln

United Kingdom

Machinery and Equipment Manufacturing

544.0

1,524

 

Siemens Limited

Subsidiary

Riyadh

Saudi Arabia

Specialty Construction Trade Contractors

 

1,500

 

Nokia Siemens Networks

Subsidiary

Beijing

China

Communications Equipment Manufacturing

 

1,500

 

Siemens Standard Motors Ltd

Subsidiary

Yizheng, Jaingsu Province

China

Electrical Equipment and Appliances Manufacturing

 

1,500

 

Siemens Ltd - Seoul

Subsidiary

Seoul

Korea, Republic of

Electronics Wholesale

718.7

1,477

 

Siemens AB

Subsidiary

Upplands Väsby

Sweden

Communications Equipment Manufacturing

804.6

1,440

 

Voith Siemens Hydro Power Generation Ltda.

Subsidiary

São Paulo, SP

Brazil

Electrical Equipment and Appliances Manufacturing

408.0

1,425

 

Voith Hydro Services Ltda.

Subsidiary

Sao Paulo, Sao Paulo

Brazil

Miscellaneous Professional Services

42.9

117

 

Siemens A/S

Subsidiary

Ballerup

Denmark

Electrical Equipment and Appliances Manufacturing

610.1

1,407

 

Siemens Personaldienstleistungen GmbH

Subsidiary

Vienna

Austria

Associations and Organizations

 

1,400

 

OEZ s.r.o.

Subsidiary

Letohrad

Czech Republic

Electrical Equipment and Appliances Manufacturing

197.7

1,387

 

Siemens (Pakistan) Engineering Co Ltd.

Subsidiary

Karachi

Pakistan

Architecture and Engineering

151.8

1,308

 

Siemens S.A.

Subsidiary

Bogotá DC

Colombia

Electrical Equipment and Appliances Manufacturing

372.6

1,300

 

Chemtech Servicos de Engenharia e Software Ltda.

Subsidiary

Rio de Janeiro

Brazil

Computer Programming

5.5

1,300

 

Siemens Indonesia, PT

Subsidiary

Jakarta

Indonesia

Metal Products Manufacturing

209.5

1,200

 

Siemens Indonesia, Pt

Branch

Cilegon, West Java

Indonesia

Electrical Equipment and Appliances Manufacturing

 

400

 

Siemens Transformers Austria GmbH & Co. KG

Subsidiary

Weiz, Steiermark

Austria

Electrical Equipment and Appliances Manufacturing

 

1,130

 

Siemens Sp. z.o.o.

Subsidiary

Warszawa

Poland

Electronics Wholesale

484.5

1,047

 

Siemens Inc

Subsidiary

Metro Manila

Philippines

Machinery Wholesale

50.3

1,000

 

Siemens Eletroeletrônica Ltda.

Subsidiary

Manaus, AM

Brazil

Semiconductor and Other Electronic Component Manufacturing

2,124.6

900

 

Siemens ElectroCom GmbH & Co

Subsidiary

Konstanz

Germany

Electronics Wholesale

 

900

 

Siemens Shanghai Medical Equipment Ltd

Subsidiary

Shanghai

China

Medical Equipment and Supplies

 

800

 

Osram India Private Limited

Subsidiary

Sonepat, Haryana

India

Electrical Equipment and Appliances Manufacturing

 

800

 

Siemens Electrical Apparatus Ltd

Subsidiary

Suzhou, Jiangsu Province

China

Electrical Equipment and Appliances Manufacturing

 

800

 

Siemens Transmission And Distribution Ltd.

Subsidiary

Hebburn

United Kingdom

Electrical Equipment and Appliances Manufacturing

460.3

792

 

Va Tech Reyrolle Distribution Ltd.

UK Branch/Trading address

St. Albans

United Kingdom

Machinery and Equipment Manufacturing

460.3

750

 

Va Tech Reyrolle Distribution Ltd.

Subsidiary

Camberley

United Kingdom

Nonclassifiable Establishments

 

 

 

Siemens Technologies S.A.E

Subsidiary

Cairo

Egypt

Motor Vehicle Parts Manufacturing

349.0

750

 

Siemens Transmission & Distribution SAS

Subsidiary

Grenoble

France

Electricity Generation and Distribution

340.1

749

 

Siemens Turbomachinery Equipment GmbH

Subsidiary

Frankenthal (Pfalz), Rheinland-Pfalz

Germany

Machinery and Equipment Manufacturing

130.8

740

 

Siemens A/S, Turbomachinery Solutions

Subsidiary

Helsingør

Denmark

Machinery and Equipment Manufacturing

71.3

220

 

TLT-Turbo GmbH

Subsidiary

Zweibrücken, Rheinland-Pfalz

Germany

Machinery and Equipment Manufacturing

171.7

150

 

Siemens Energy, Inc.

Subsidiary

Springfield, MO

United States

Machinery and Equipment Manufacturing

22.8

130

 

Siemens s.r.o.

Subsidiary

Bratislava

Slovakia

Electronics Wholesale

213.0

728

 

Siemens Program and System Engineering s.r.o.

Subsidiary

Bratislava

Slovakia

Computer Programming

49.5

723

 

Siemens d.d.

Subsidiary

Zagreb

Croatia

Electrical Equipment and Appliances Manufacturing

140.6

704

 

Siemens Malaysia Sdn Bhd

Subsidiary

Petaling Jaya, Selangor

Malaysia

Electrical Equipment and Appliances Manufacturing

183.8

700

 

Siemens Medium Voltage Switching Technologies (Wuxi) Ltd

Subsidiary

Wuxi, Jiangsu Province

China

Machinery and Equipment Manufacturing

152.5

700

 

Siemens Canada Limited (Dartmouth)

Subsidiary

Dartmouth, NS

Canada

Machinery and Equipment Manufacturing

17.1

700

 

ETSI Technologies Inc

Subsidiary

Cainta

Philippines

Wireless Telecommunications Carriers

12.8

700

 

Siemens Osakeyhtioe

Subsidiary

Espoo

Finland

Communications Equipment Manufacturing

 

700

 

Siemens Medical Instruments Pte. Ltd.

Subsidiary

Singapore

Singapore

Medical Equipment and Supplies

405.5

665

 

P.T. Siemens Hearing Instruments

Subsidiary

Batam

Indonesia

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Osakeyhtiö

Subsidiary

Espoo

Finland

Electronics Wholesale

354.3

657

 

Siemens Osakeyhtio Latvijas filiale

Branch

Marupes novads

Latvia

Electronics Wholesale

25.5

75

 

evosoft Hungary Szamitastechnikai Kft.

Subsidiary

Budapest

Hungary

Computer Programming

59.6

650

 

Siemens d.o.o. Beograd

Subsidiary

Belgrade

Serbia

Electronics Wholesale

 

620

 

Siemens Industriegetriebe GmbH

Subsidiary

Penig, Sachsen

Germany

Investment Services

 

620

 

Siemens GUSStechnik GmbH

Subsidiary

Chemnitz, Sachsen

Germany

Metal Products Manufacturing

 

600

 

Siemens EOOD

Subsidiary

Sofia

Bulgaria

Electronics Wholesale

133.6

576

 

TurboCare Poland S.A.

Subsidiary

Lubliniec

Poland

Electrical Equipment and Appliances Manufacturing

 

553

 

Siemens Financial Services GmbH

Subsidiary

München, Bayern

Germany

Banking

51.1

550

 

Siemens Project Ventures GmbH

Subsidiary

Erlangen, Bayern

Germany

Banking

 

45

 

VVK Versicherungsvermittlungs- und Verkehrskontor GmbH

Subsidiary

München, Bayern

Germany

Insurance Agents

32.2

2

 

Electrium Sales Ltd.

Subsidiary

Manchester

United Kingdom

Electrical Equipment and Appliances Manufacturing

156.9

531

 

Siemens Audiologische Technik GmbH

Subsidiary

Erlangen, Bayern

Germany

Medical Equipment and Supplies

206.0

510

 

AS AUDIO-SERVICE Gesellschaft mit beschrankter Haftung

Subsidiary

Herford, Nordrhein-Westfalen

Germany

Electromedical and Control Instruments Manufacturing

 

180

 

Siemens Audiologie SAS

Subsidiary

Saint Denis

France

Medical Equipment and Supplies

75.5

149

 

Siemens Hearing Instruments Ltd

Subsidiary

Crawley

United Kingdom

Physicians and Health Practitioners

32.6

85

 

Siemens Hearing Instruments SRL

Subsidiary

Milano, Milano

Italy

Medical Equipment and Supplies

18.1

70

 

Siemens Audiológiai Technika Kereskedelmi és Szolgáltató Kft

Subsidiary

Budapest

Hungary

Professional and Commercial Equipment Wholesale

 

12

 

Siemens Limited

Subsidiary

Taipei

Taiwan

Cable and Other Program Distribution

 

500

 

Siemens Factory Automation Engineering Ltd

Subsidiary

Beijing

China

Machinery and Equipment Manufacturing

 

500

 

Siemens Hearing Instruments (Suzhou) Co Ltd

Subsidiary

Suzhou, Jiangsu Province

China

Medical Equipment and Supplies

 

500

 

Siemens Limited Taiwan

Subsidiary

Taipei

Taiwan

Electrical Equipment and Appliances Manufacturing

 

500

 

Iscosa Industries & Maintenance Limited

Subsidiary

Dammam

Saudi Arabia

Appliance Repair and Maintenance

 

500

 

Siemens Limited

Subsidiary

Cairo

Egypt

Electrical Equipment and Appliances Manufacturing

424.1

480

 

Arabia Electric Ltd

Subsidiary

Jeddah

Saudi Arabia

Specialty Construction Trade Contractors

213.3

475

 

Siemens SRL

Subsidiary

Bucharest

Romania

Electronics Wholesale

 

469

 

Siemens Bacon GmbH & Co. KG

Joint Venture

Wien, Wien

Austria

 

158.0

455

 

Siemens Ltd

Subsidiary

Kowloon

Hong Kong

Electrical Equipment and Appliances Manufacturing

315.3

450

 

Siemens Program and System Engineering S.R.L.

Subsidiary

Brasov

Romania

Computer Programming

 

450

 

Siemens Healthcare Diagnostics Products Ltd

Subsidiary

Camberley

United Kingdom

Miscellaneous Chemical Manufacturing

118.7

437

 

Siemens SA

Subsidiary

Maroussi

Greece

Computer, Office Equipment and Software Merchant Wholesalers

142.9

400

 

Kintec S.A.

Subsidiary

Maroussi

Greece

Specialty Construction Trade Contractors

19.7

 

 

Weiss Spindeltechnologie GmbH

Subsidiary

Schweinfurt, Bayern

Germany

Machinery and Equipment Manufacturing

61.9

400

 

Siemens Transformer (Wuhan) Company Ltd.

Subsidiary

Wuhan, Hubei

China

Machinery and Equipment Manufacturing

20.3

400

 

Siemens Canada Limited

Subsidiary

Burlington, ON

Canada

Electromedical and Control Instruments Manufacturing

 

400

 

Siemens Canada Limited (Dorval)

Subsidiary

Dorval, QC

Canada

Machinery and Equipment Manufacturing

 

5,000

 

Siemens Milltronics

Subsidiary

Peterborough, ON

Canada

Electromedical and Control Instruments Manufacturing

120.8

350

 

RuggedCom Inc.

Subsidiary

Concord, ON

Canada

Computer System Design Services

 

300

 

RuggedCom Deutschland GmbH

Subsidiary

Leinfelden-Echterdingen

Germany

Semiconductor and Other Electronic Component Manufacturing

 

3

 

Siemens Building Technologies Ltd.

Subsidiary

Brampton, ON

Canada

Communications Equipment Manufacturing

68.6

150

 

Siemens Canada

Subsidiary

Saint Laurent, QC

Canada

Motor Vehicle Repair and Maintenance

 

100

 

Siemens Israel Ltd

Subsidiary

Rosh Ha'ayin

Israel

Electronics Wholesale

 

400

 

Siemens Building Technologies Ltd.

Subsidiary

Kowloon

Hong Kong

Investigation and Security Services

 

400

 

Siemens Mobile Phones A/S

Subsidiary

Norresundby

Denmark

Communications Equipment Manufacturing

 

400

 

Siemens S.A.

Subsidiary

Caracas

Venezuela

Residential and Commercial Building Construction

429.7

385

 

Dasan Networks Inc

Subsidiary

Seongnam

Korea, Republic of

Communications Equipment Manufacturing

120.7

383

 

Dasan Rnd Co., Ltd.

Subsidiary

Songnam, Kyonggi-Do

Korea, Republic of

Electromedical and Control Instruments Manufacturing

11.6

28

 

Siemens Healthcare Diagnostics SAS

Subsidiary

Saint Denis

France

Professional and Commercial Equipment Wholesale

200.3

374

 

Siemens Transformers Austria GmbH & Co KG

Subsidiary

Linz

Austria

Machinery and Equipment Manufacturing

 

370

 

Winergy AG

Subsidiary

Voerde

Germany

Electrical Equipment and Appliances Manufacturing

108.6

360

 

Siemens Gebäudemanagement & -Services GmbH

Subsidiary

Wien

Austria

Real Estate Agents and Brokers

103.4

326

 

Simea GmbH & Co. KG Ges. zur Fertigung elektronischer Komponenten

Subsidiary

Wien, Wien

Austria

 

25.4

310

 

Siemens K.K.

Subsidiary

Tokyo

Japan

Semiconductor and Other Electronic Component Manufacturing

 

301

 

Siemens Healthcare Diagnostics

Subsidiary

Los Angeles, CA

United States

Diagnostic Laboratories

70.9

300

 

Dpc (Tianjin) Co., Ltd.

Subsidiary

Tianjin, Tianjin

China

Professional and Commercial Equipment Wholesale

10.2

80

 

Siemens Healthcare Diagnostics, S. De R.L. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Professional and Commercial Equipment Wholesale

 

27

 

Siemens Healthcare Diagnósticos Ltda.

Subsidiary

Sao Paulo, Sao Paulo

Brazil

Professional and Commercial Equipment Wholesale

153.9

 

 

Siemens Medical Solutions Diagnostics Uab

Subsidiary

Vilnius

Lithuania

Nonclassifiable Establishments

 

 

 

Siemens SA

Subsidiary

Casablanca

Morocco

Electronics Wholesale

 

300

 

Siemens Ukraine

Subsidiary

Kiev

Ukraine

Electronics Wholesale

 

300

 

Siemens SPA

Subsidiary

Algiers

Algeria

Architecture and Engineering

 

300

 

Siemens Energy Automation GmbH

Subsidiary

Erlangen, Bayern

Germany

Holding Companies

 

300

 

Siemens Energy

Division

Duisburg

Germany

Electricity Generation and Distribution

 

16,200

 

Siemens Energy, Inc.

Subsidiary

Orlando, FL

United States

Machinery and Equipment Manufacturing

 

3,000

 

Siemens Energy Inc

Branch

Charlotte, NC

United States

Specialty Construction Trade Contractors

149.1

799

 

Siemens Energy Inc

Branch

Pittsburgh, PA

United States

Specialty Construction Trade Contractors

72.4

401

 

Siemens Power Generation

Unit

Trenton, NJ

United States

Machinery Wholesale

 

325

 

Siemens Energy Inc

Branch

Cincinnati, OH

United States

Specialty Construction Trade Contractors

55.9

320

 

Iscosa Industries and Maintenance Limited

Subsidiary

Dammam

Saudi Arabia

Architecture and Engineering

30.7

320

 

Siemens Energy Inc

Branch

Richland, MS

United States

Specialty Construction Trade Contractors

46.9

275

 

Siemens Energy Inc

Branch

Alpharetta, GA

United States

Specialty Construction Trade Contractors

43.1

200

 

Siemens Energy Inc

Branch

Norcross, GA

United States

Specialty Construction Trade Contractors

43.1

200

 

Siemens Energy Inc

Branch

Houston, TX

United States

Specialty Construction Trade Contractors

39.9

200

 

Siemens Energy Inc

Branch

Houston, TX

United States

Specialty Construction Trade Contractors

29.9

150

 

Siemens Energy Inc

Branch

Troy, MI

United States

Specialty Construction Trade Contractors

13.4

75

 

Siemens Energy Inc

Branch

Suwanee, GA

United States

Specialty Construction Trade Contractors

14.6

68

 

Siemens Energy Inc

Branch

Pomona, CA

United States

Specialty Construction Trade Contractors

11.7

58

 

Siemens Energy Inc

Branch

Canton, GA

United States

Specialty Construction Trade Contractors

10.8

50

 

Siemens Energy Inc

Branch

Fort Washington, PA

United States

Specialty Construction Trade Contractors

9.0

50

 

Siemens Energy Inc

Branch

New Kensington, PA

United States

Specialty Construction Trade Contractors

9.0

50

 

Siemens Energy Inc

Branch

Orlando, FL

United States

Specialty Construction Trade Contractors

8.1

40

 

Siemens Energy Inc

Branch

Casselberry, FL

United States

Specialty Construction Trade Contractors

8.1

40

 

Siemens Energy Inc

Branch

Atlanta, GA

United States

Specialty Construction Trade Contractors

5.4

25

 

Siemens Energy Inc

Branch

Houston, TX

United States

Specialty Construction Trade Contractors

5.0

25

 

Siemens Energy Inc

Branch

La Mirada, CA

United States

Specialty Construction Trade Contractors

4.5

22

 

Siemens Energy Inc

Branch

Pryor, OK

United States

Specialty Construction Trade Contractors

3.4

21

 

Siemens Energy Inc

Branch

Houston, TX

United States

Specialty Construction Trade Contractors

4.0

20

 

Siemens Energy Inc

Branch

N Chesterfield, VA

United States

Specialty Construction Trade Contractors

3.6

20

 

Siemens Energy Inc

Branch

Aston, PA

United States

Specialty Construction Trade Contractors

3.2

18

 

Siemens Energy Inc

Branch

Albany, TX

United States

Specialty Construction Trade Contractors

3.4

17

 

Siemens Energy Inc

Branch

Orlando, FL

United States

Specialty Construction Trade Contractors

3.0

15

 

Siemens Energy Inc

Branch

Overland Park, KS

United States

Specialty Construction Trade Contractors

2.5

15

 

Siemens Energy Inc

Branch

Renton, WA

United States

Specialty Construction Trade Contractors

2.4

12

 

Siemens Energy Inc

Branch

San Ramon, CA

United States

Specialty Construction Trade Contractors

2.0

10

 

Siemens Power Generation Inc

Subsidiary

Hamilton, ON

Canada

Machinery and Equipment Manufacturing

 

600

 

Trench Austria GmbH

Subsidiary

Leonding

Austria

Holding Companies

74.1

250

 

Trench France SASU

Subsidiary

Saint-Louis

France

Electrical Equipment and Appliances Manufacturing

146.9

229

 

Trench Italia S.r.l.

Subsidiary

Savona, Bragno-Cairo

Italy

Electrical Equipment and Appliances Manufacturing

62.3

174

 

Trench Switzerland AG

Subsidiary

Basel

Switzerland

Electrical Equipment and Appliances Manufacturing

 

 

 

Trench High Voltage Products Ltd.

Subsidiary

Shenyang

China

Electrical Equipment and Appliances Manufacturing

 

 

 

MWB (Shanghai) Co., Ltd.

Subsidiary

Shanghai

China

Electrical Equipment and Appliances Manufacturing

 

 

 

Trench Ltd.

Subsidiary

Ajax, ON

Canada

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Ltda. Production & Logistics

Subsidiary

Diadema, SP

Brazil

Industrial Machinery Repair and Maintenance

 

100

 

KHT Kommissionier und Handhabungtechnik GmbH

Subsidiary

Gelsenkirchen, Nordrhein-Westfalen

Germany

Commercial Real Estate Leasing

 

75

 

APOSTORE GmbH

Subsidiary

Gelsenkirchen, Nordrhein-Westfalen

Germany

Machinery and Equipment Manufacturing

 

50

 

Siemens Power Operations, Inc.

Subsidiary

Batangas

Philippines

Electricity Generation and Distribution

 

 

 

P.T. Siemens Power Generation Indonesia

Subsidiary

Cilegon

Indonesia

Aircraft Engine and Parts Manufacturing

 

 

 

Siemens Ltd.

Subsidiary

Vadodara

India

Aircraft Engine and Parts Manufacturing

 

 

 

Siemens Power Plant Automation Ltd.

Subsidiary

Beijing

China

Architecture and Engineering

 

 

 

Siemens Industry

Subsidiary

Alpharetta, GA

United States

Electrical Equipment and Appliances Manufacturing

 

9,400

 

Siemens Energy & Automation - Infrastructure Logistics

Unit

Arlington, TX

United States

Machinery and Equipment Manufacturing

234.1

800

 

Siemens Energy

Unit

Wendell, NC

United States

Electrical Equipment and Appliances Manufacturing

35.3

800

 

Siemens Industry

Unit

Spring House, PA

United States

Electromedical and Control Instruments Manufacturing

 

500

 

Moore Products Co. B.V.

Subsidiary

Ridderkerk

Netherlands

Electromedical and Control Instruments Manufacturing

 

3

 

Siemens Intelligent Transportation Systems

Unit

Austin, TX

United States

Miscellaneous Transportation Equipment Manufacturing

 

250

 

eMeter Corporation

Subsidiary

Foster City, CA

United States

Software

53.2

100

 

Emeter International Ltd.

Subsidiary

Camberley

United Kingdom

Publishing

 

 

 

Republic Intelligent Transportation Services, Inc.

Subsidiary

Novato, CA

United States

Specialty Construction Trade Contractors

 

 

 

Siemens AB

Subsidiary

Solna

Sweden

Electromedical and Control Instruments Manufacturing

 

300

 

Siemens Medical Solutions Health Services GmbH

Subsidiary

Erlangen, Bayern

Germany

Data Processing

 

299

 

Siemens Medical Solutions Diagnostics, S. De R.L. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Professional and Commercial Equipment Wholesale

 

27

 

Siemens Ep Ooo

Subsidiary

St. Petersburg

Russian Federation

Electrical Equipment and Appliances Manufacturing

88.6

297

 

Huba Control AG

Subsidiary

Wurenlos

Switzerland

Electromedical and Control Instruments Manufacturing

 

295

 

Siemens Healthcare Diagnostics Sl

Subsidiary

Barcelona

Spain

Health and Personal Care Wholesale

181.9

294

 

TurboCare Sp. z.o.o.

Subsidiary

Wroclaw

Poland

Machinery and Equipment Manufacturing

 

290

 

Siemens S.A.C.

Subsidiary

Lima

Peru

Electronics Wholesale

 

271

 

Siemens SA

Subsidiary

Luxembourg-Hamm

Luxembourg

Electrical Equipment and Appliances Manufacturing

1,433.6

270

 

Siemens Limited

Subsidiary

Dublin

Ireland

Electronics Wholesale

235.9

267

 

HSP Hochspannungsgerate GmbH

Subsidiary

Troisdorf, Nordrhein-Westfalen

Germany

Rubber and Plastic Product Manufacturing

 

257

 

Siemens Water

Subsidiary

Windsor, NSW

Australia

Machinery and Equipment Manufacturing

36.2

250

 

Siemens Shared Services

Subsidiary

Orlando, FL

United States

Accounting and Tax Preparation

24.5

250

 

Siemens Water Technologies

Division

Lowell, MA

United States

Administrative Services

 

250

 

Siemens Programm- und Systementwicklung GmbH&Co. KG

Subsidiary

Hamburg, Hamburg

Germany

Computer Programming

 

248

 

Siemens Financial Services Ltd.

Subsidiary

Slough

United Kingdom

Banking

202.3

243

 

Siemens AG Österreich Bereich Services

Subsidiary

Wien, Wien

Austria

 

25.2

241

 

Siemens AG Österreich Bereich Energie

Subsidiary

Wien, Wien

Austria

 

209.8

232

 

Siemens Healthcare Diagnostics Manufacturing Ltd

Subsidiary

Sudbury

United Kingdom

Medical Equipment and Supplies

105.7

222

 

Siemens Healthcare

Subsidiary

North Ryde, NSW

Australia

Professional and Commercial Equipment Wholesale

36.2

220

 

QUNDIS GmbH

Subsidiary

Muhlhausen

Germany

Electromedical and Control Instruments Manufacturing

 

220

 

Siemens Bangladesh Limited

Subsidiary

Dhaka

Bangladesh

Electrical Equipment and Appliances Manufacturing

 

215

 

Siemens Industry Software GmbH & Co. KG

Subsidiary

Köln, Nordrhein-Westfalen

Germany

Research and Development Services

25.2

210

 

Mechanik Center Erlangen GmbH

Subsidiary

Erlangen, Bayern

Germany

Electrical Equipment and Appliances Manufacturing

36.3

205

 

Siemens Canada

Subsidiary

Burlington, ON

Canada

Electromedical and Control Instruments Manufacturing

2,207.7

200

 

Siemens Canada LTD

Branch

Edmonton, AB

Canada

Electrical Equipment and Appliances Manufacturing

69.3

200

 

Siemens Canada LTD

Branch

Cambridge, ON

Canada

Electrical Equipment and Appliances Manufacturing

41.6

120

 

Siemens Canada LTD

Branch

Trois-Rivieres, QC

Canada

Electrical Equipment and Appliances Manufacturing

25.9

75

 

Siemens Canada LTD

Branch

Ottawa, ON

Canada

Electrical Equipment and Appliances Manufacturing

25.7

75

 

Siemens Canada LTD

Branch

Richmond, BC

Canada

Electrical Equipment and Appliances Manufacturing

24.2

70

 

Siemens Canada LTD

Subsidiary

Regina, SK

Canada

Electrical Equipment and Appliances Manufacturing

15.6

46

 

Siemens Canada LTD

Branch

Markham, ON

Canada

Electrical Equipment and Appliances Manufacturing

12.1

35

 

Siemens Canada LTD

Branch

Kirkland Lake, ON

Canada

Electrical Equipment and Appliances Manufacturing

10.4

30

 

Siemens Canada LTD

Branch

London, ON

Canada

Electrical Equipment and Appliances Manufacturing

10.3

30

 

Siemens Canada LTD

Branch

Stoney Creek, ON

Canada

Electrical Equipment and Appliances Manufacturing

10.3

30

 

Siemens Canada LTD

Branch

Mississauga, ON

Canada

Electrical Equipment and Appliances Manufacturing

10.2

30

 

Siemens Canada LTD

Branch

Moncton, NB

Canada

Electronic Equipment Repair and Maintenance

4.6

30

 

Siemens Canada LTD

Branch

Sarnia, ON

Canada

Electrical Equipment and Appliances Manufacturing

7.9

23

 

Siemens Canada Ltee

Branch

Quebec, QC

Canada

Electrical Equipment and Appliances Manufacturing

6.9

20

 

Siemens Canada LTD

Branch

Markham, ON

Canada

Machinery and Equipment Manufacturing

6.5

20

 

Siemens Canada LTD

Branch

Milton, ON

Canada

Electrical Equipment and Appliances Manufacturing

6.2

18

 

Siemens Canada LTD

Branch

Winnipeg, MB

Canada

Electrical Equipment and Appliances Manufacturing

5.2

15

 

Siemens Canada LTD

Branch

Winnipeg, MB

Canada

Electrical Equipment and Appliances Manufacturing

4.2

12

 

Siemens Canada LTD

Branch

Saskatoon, SK

Canada

Electrical Equipment and Appliances Manufacturing

4.1

12

 

Siemens Canada LTD

Branch

Thunder Bay, ON

Canada

Electrical Equipment and Appliances Manufacturing

3.5

10

 

Siemens Canada LTD

Branch

Kingston, ON

Canada

Electrical Equipment and Appliances Manufacturing

3.5

10

 

Siemens Canada LTD

Branch

Winnipeg, MB

Canada

Electrical Equipment and Appliances Manufacturing

3.5

10

 

Siemens Canada LTD

Branch

Sudbury, ON

Canada

Electrical Equipment and Appliances Manufacturing

2.7

8

 

Siemens Building Technologies

Subsidiary

Norcross, GA

United States

Electronics Wholesale

247.9

200

 

Siemens Building Technologies Ltd.

Holding

Steinhausen

Switzerland

Electromedical and Control Instruments Manufacturing

183.0

200

 

Siemens Building Technologies AG, Landis & Staefa Division

Division

Zug

Switzerland

Communications Equipment Manufacturing

 

29,353

 

Siemens Building Technologies, Inc.

Subsidiary

Buffalo Grove, IL

United States

Electromedical and Control Instruments Manufacturing

 

7,400

 

Siemens Fire Safety

Division

Florham Park, NJ

United States

Electromedical and Control Instruments Manufacturing

67.2

1,300

 

Faraday

Subsidiary

Florham Park, NJ

United States

Communications Equipment Manufacturing

 

4

 

Siemens Industry Inc

Branch

Grand Prairie, TX

United States

Electrical Equipment and Appliances Manufacturing

336.6

550

 

Siemens Industry Inc

Branch

Alpharetta, GA

United States

Consumer Electronics Repair and Maintenance

79.1

500

 

Siemens Industry Inc

Branch

Pine Brook, NJ

United States

Electronics Wholesale

543.2

400

 

Siemens Industry Inc

Branch

West Chicago, IL

United States

Electrical Equipment and Appliances Manufacturing

116.7

380

 

Siemens Industry Inc

Branch

Roebuck, SC

United States

Electromedical and Control Instruments Manufacturing

88.6

350

 

Siemens Industry Inc

Branch

Alpharetta, GA

United States

Software

122.7

300

 

Siemens Industry

Subsidiary

Hauppauge, NY

United States

Electromedical and Control Instruments Manufacturing

10.0

42

 

Siemens Infrastructure/Cities

Branch

Austin, TX

United States

Consulting Services

49.0

210

 

Siemens Industry Inc

Branch

Lebanon, OH

United States

Machinery Wholesale

462.2

200

 

Siemens Industry Inc

Branch

Johnson City, TN

United States

Electronics Wholesale

242.4

200

 

Siemens Industry Inc

Branch

Plymouth, MI

United States

Electronics Wholesale

232.4

200

 

Siemens Process Analytics

Branch

Bartlesville, OK

United States

Electrical Equipment and Appliances Manufacturing

67.4

200

 

Siemens Industry Inc

Branch

Spring House, PA

United States

Electromedical and Control Instruments Manufacturing

58.0

200

 

Siemens Oil & Gas

Branch

Houston, TX

United States

Architecture and Engineering

48.1

200

 

Siemens Infrastructure/Cities

Branch

Hayward, CA

United States

Electromedical and Control Instruments Manufacturing

44.3

200

 

Siemens Industry Inc

Branch

Rothschild, WI

United States

Machinery and Equipment Manufacturing

40.0

200

 

Siemens Industry Inc

Branch

Vineland, NJ

United States

Machinery and Equipment Manufacturing

45.2

160

 

Siemens Industry Building Technology

Branch

Florham Park, NJ

United States

Electronics Wholesale

203.7

150

 

Siemens Industry Inc

Branch

New York, NY

United States

Electronics Wholesale

194.3

150

 

Siemens Industry Inc

Branch

Longwood, FL

United States

Electronics Wholesale

194.1

150

 

Siemens Industry Inc

Branch

Overland Park, KS

United States

Electronics Wholesale

173.5

150

 

Siemens Industry Inc

Branch

Naperville, IL

United States

Machinery and Equipment Manufacturing

36.6

125

 

Siemens Industry Inc

Branch

Colorado Springs, CO

United States

Civil Engineering

35.5

120

 

Siemens Industry Inc

Branch

Oklahoma City, OK

United States

Electronics Wholesale

140.3

111

 

Siemens Industry Inc

Branch

Ames, IA

United States

Business Support Services

16.4

110

 

Siemens Industry Inc

Branch

Canton, MA

United States

Electronics Wholesale

75.0

105

 

Siemens Industry Inc

Branch

Blytheville, AR

United States

Machinery Wholesale

309.0

100

 

Siemens Industry Inc

Branch

Las Vegas, NV

United States

Electronics Wholesale

134.2

100

 

Siemens Infrastructure/Cities

Branch

Bellefontaine, OH

United States

Electronics Wholesale

117.7

100

 

Siemens Infrastructure/Cities

Branch

Phoenix, AZ

United States

Electronics Wholesale

116.0

90

 

Siemens Infrastructure/Cities

Branch

Cleveland, OH

United States

Electronics Wholesale

105.9

90

 

Siemens Environmental

Branch

Pittsburgh, PA

United States

Specialty Construction Trade Contractors

14.8

82

 

Siemens Industry Inc

Branch

Shrewsbury, MA

United States

Business Support Services

5.3

82

 

Siemens Infrastructure/Cities

Branch

Richmond, VA

United States

Electronics Wholesale

98.2

80

 

Siemens Industry Inc

Branch

Nashville, TN

United States

Home and Garden Retail

24.2

80

 

Siemens Industry Inc

Branch

Syracuse, NY

United States

Electromedical and Control Instruments Manufacturing

15.9

80

 

Siemens Industry Inc

Branch

Morrisville, NC

United States

Electronics Wholesale

92.3

75

 

Siemens Industry Inc

Branch

Indianapolis, IN

United States

Machinery and Equipment Manufacturing

20.4

75

 

Siemens Industry Inc

Branch

Omaha, NE

United States

Electromedical and Control Instruments Manufacturing

19.7

75

 

Siemens Industry Inc

Branch

Cincinnati, OH

United States

Specialty Construction Trade Contractors

13.1

75

 

Siemens Infrastructure/Cities

Branch

Anchorage, AK

United States

Specialty Construction Trade Contractors

17.0

74

 

Siemens Industry Inc

Branch

Amherst, NY

United States

Electronics Wholesale

84.2

65

 

Siemens Industry Inc

Branch

Louisville, KY

United States

Electromedical and Control Instruments Manufacturing

20.4

65

 

Siemens Industry Inc

Branch

Decatur, AL

United States

Metal Products Manufacturing

69.3

60

 

Siemens Industry Inc

Branch

Conroe, TX

United States

Machinery and Equipment Manufacturing

30.0

60

 

Siemens Infrastructure/Cities

Branch

Worthington, OH

United States

Electromedical and Control Instruments Manufacturing

18.7

60

 

Siemens Infrastructure/Cities

Branch

Tampa, FL

United States

Communications Equipment Manufacturing

14.5

60

 

Siemens Industry Inc

Branch

Louisville, KY

United States

Electrical Equipment and Appliances Manufacturing

25.8

58

 

Siemens Industry Inc

Branch

Southaven, MS

United States

Electrical Equipment and Appliances Manufacturing

20.1

58

 

Siemens Industry Inc

Branch

St Louis, MO

United States

Electrical Equipment and Appliances Manufacturing

20.1

58

 

Siemens Industry Inc

Branch

Florham Park, NJ

United States

Electrical Equipment and Appliances Manufacturing

20.1

58

 

Siemens Industry Inc

Branch

Savannah, GA

United States

Electrical Equipment and Appliances Manufacturing

18.8

58

 

Siemens Infrastructure/Cities

Branch

Cypress, CA

United States

Electrical Equipment and Appliances Manufacturing

18.1

58

 

Siemens Industry Inc

Branch

Waukesha, WI

United States

Electrical Equipment and Appliances Manufacturing

17.9

58

 

Siemens Infrastructure/Cities

Branch

West Sacramento, CA

United States

Electronics Wholesale

67.8

50

 

Siemens Industry Inc

Branch

Mechanicsburg, PA

United States

Machinery and Equipment Manufacturing

11.9

50

 

Siemens Industry Inc

Branch

Jacksonville, FL

United States

Electromedical and Control Instruments Manufacturing

9.6

50

 

Siemens Industry Inc

Branch

Geismar, LA

United States

Business Support Services

6.6

50

 

Siemens Industry Inc

Branch

Bridgeville, PA

United States

Electronics Wholesale

57.3

46

 

Siemens Industry Inc

Branch

Charlotte, NC

United States

Electromedical and Control Instruments Manufacturing

11.9

45

 

Siemens Industry Inc

Branch

Cromwell, CT

United States

Electromedical and Control Instruments Manufacturing

9.0

45

 

Siemens Infrastructure/Cities

Branch

Ankeny, IA

United States

Electronics Wholesale

44.4

40

 

Siemens Industry Inc

Branch

Huger, SC

United States

Metal Products Manufacturing

7.9

40

 

Siemens Industry Inc

Branch

Austin, TX

United States

Consulting Services

8.6

37

 

Siemens Industry Inc

Branch

Los Angeles, CA

United States

Business Support Services

5.7

36

 

Siemens Industry Inc

Branch

Latham, NY

United States

Electromedical and Control Instruments Manufacturing

7.0

35

 

Siemens Industry Inc

Branch

Levittown, PA

United States

Business Support Services

4.8

35

 

Siemens Industry Inc

Branch

Indianapolis, IN

United States

Business Support Services

4.7

35

 

Siemens Industry Inc

Branch

Bohemia, NY

United States

Electronics Wholesale

38.9

30

 

Siemens Industry Inc

Branch

Sandy, UT

United States

Electronics Wholesale

38.7

30

 

Siemens Infrastructure/Cities

Branch

Virginia Beach, VA

United States

Electronics Wholesale

36.8

30

 

Siemens Industry Inc

Branch

Blue Ash, OH

United States

Electronics Wholesale

35.3

30

 

Siemens Infrastructure/Cities

Branch

West Allis, WI

United States

Electronics Wholesale

34.0

30

 

Siemens Infrastructure/Cities

Branch

San Antonio, TX

United States

Machinery and Equipment Manufacturing

13.1

30

 

Siemens Industry Inc

Branch

San Diego, CA

United States

Machinery and Equipment Manufacturing

7.7

30

 

Siemens Industry Inc

Branch

Wilmington, CA

United States

Machinery and Equipment Manufacturing

7.7

30

 

Siemens Industry Inc

Branch

San Carlos, CA

United States

Machinery and Equipment Manufacturing

7.7

30

 

Siemens Industry Inc

Branch

Vancouver, WA

United States

Business Support Services

4.5

30

 

Siemens Industry Inc

Branch

Tampa, FL

United States

Business Support Services

3.7

30

 

Siemens Industry Inc

Branch

Dallas, TX

United States

Business Support Services

3.7

30

 

Siemens Industry Inc

Branch

Lafayette, LA

United States

Electronics Wholesale

30.6

25

 

Siemens Industry Inc

Branch

Arcadia, CA

United States

Business Support Services

3.9

25

 

Siemens Industry Inc

Branch

Temecula, CA

United States

Business Support Services

3.9

25

 

Siemens Industry Inc

Branch

Beltsville, MD

United States

Business Support Services

3.8

25

 

Siemens Industry Inc

Branch

Sparrows Point, MD

United States

Business Support Services

3.8

25

 

Siemens Industry Inc

Branch

Lutherville, MD

United States

Business Support Services

3.8

25

 

Siemens Industry Inc

Branch

Denver, CO

United States

Business Support Services

3.7

25

 

Siemens Industry Inc

Branch

Bradley, IL

United States

Business Support Services

3.7

25

 

Siemens Industry Inc

Branch

Evansville, IN

United States

Business Support Services

3.4

25

 

Siemens Industry Inc

Branch

Lowell, MA

United States

Business Support Services

3.3

25

 

Siemens Industry Inc

Branch

Warren, NJ

United States

Business Support Services

3.2

25

 

Siemens Industry Inc

Branch

Orlando, FL

United States

Business Support Services

3.1

25

 

Siemens Industry Inc

Branch

Alvin, TX

United States

Business Support Services

3.1

25

 

Siemens Industry Inc

Branch

Waconia, MN

United States

Business Support Services

3.0

25

 

Siemens Industry Inc

Branch

Londonderry, NH

United States

Business Support Services

2.9

25

 

Siemens Industry Inc

Branch

Parker, AZ

United States

Chemical Wholesale

41.1

20

 

Siemens Industry Inc

Branch

Chelan, WA

United States

Electronics Wholesale

28.4

20

 

Siemens Infrastructure/Cities

Branch

Spokane Valley, WA

United States

Electronics Wholesale

28.4

20

 

Siemens Industry Inc

Branch

Houston, TX

United States

Electronics Wholesale

27.4

20

 

Siemens Industry Inc

Branch

Garden Grove, CA

United States

Electronics Wholesale

27.1

20

 

Siemens Industry Inc

Branch

Sacramento, CA

United States

Electronics Wholesale

27.1

20

 

Siemens Infrastructure/Cities

Branch

Las Vegas, NV

United States

Electronics Wholesale

26.8

20

 

Siemens Industry Inc

Branch

Anchorage, AK

United States

Electronics Wholesale

26.7

20

 

Siemens Infrastructure/Cities

Branch

Tallahassee, FL

United States

Electronics Wholesale

25.9

20

 

Siemens Industry Inc

Branch

Miami, FL

United States

Electronics Wholesale

25.9

20

 

Siemens Industry Inc

Branch

Gainesville, FL

United States

Electronics Wholesale

25.9

20

 

Siemens Industry Inc

Branch

Oldsmar, FL

United States

Electronics Wholesale

25.9

20

 

Siemens Industry Inc

Branch

Tucson, AZ

United States

Electronics Wholesale

25.8

20

 

Siemens Industry Inc

Branch

Beltsville, MD

United States

Electronics Wholesale

25.7

20

 

Siemens Infrastructure/Cities

Branch

Tulsa, OK

United States

Electronics Wholesale

25.3

20

 

Siemens Industry Inc

Branch

Quantico, VA

United States

Electronics Wholesale

24.5

20

 

Siemens Industry Inc

Branch

Sioux Falls, SD

United States

Electronics Wholesale

24.2

20

 

Siemens Industry Inc

Branch

Diberville, MS

United States

Electronics Wholesale

23.9

20

 

Siemens Industry Metals Division

Branch

Milan, OH

United States

Metal Products Manufacturing

6.4

20

 

Siemens Industry Inc

Branch

Roswell, GA

United States

Machinery and Equipment Manufacturing

5.3

20

 

Siemens Industry Inc

Branch

Pewaukee, WI

United States

Machinery and Equipment Manufacturing

4.4

20

 

Fce LLC

Branch

Huntingdon Vly, PA

United States

Machinery and Equipment Manufacturing

4.4

20

 

Siemens Industry Inc

Branch

San Carlos, CA

United States

Business Support Services

3.1

20

 

Siemens Industry Inc

Branch

Hoffman Estates, IL

United States

Business Support Services

3.0

20

 

Siemens Industry Inc

Branch

Fresno, CA

United States

Computer, Office Equipment and Software Merchant Wholesalers

39.1

16

 

Siemens Infrastructure/Cities

Branch

Fairbanks, AK

United States

Electronics Wholesale

20.0

15

 

Siemens Infrastructure/Cities

Branch

Boise, ID

United States

Electronics Wholesale

19.2

15

 

Siemens Industry Inc

Branch

Tulsa, OK

United States

Machinery and Equipment Manufacturing

4.8

15

 

Siemens Industry Inc

Branch

Wyoming, MI

United States

Electromedical and Control Instruments Manufacturing

3.9

15

 

Siemens Industry Inc

Branch

Memphis, TN

United States

Electromedical and Control Instruments Manufacturing

3.7

15

 

Siemens Industry Inc

Branch

Elizabeth, NJ

United States

Machinery and Equipment Manufacturing

3.7

15

 

Siemens Industry Inc

Branch

Hope, RI

United States

Electromedical and Control Instruments Manufacturing

2.2

15

 

Siemens Infrastructure/Cities

Branch

Bloomington, IL

United States

Specialty Construction Trade Contractors

3.0

14

 

Siemens Industry Inc

Branch

Oakland, CA

United States

Chemical Wholesale

33.2

13

 

Siemens Infrastructure/Cities

Branch

Cedar Rapids, IA

United States

Electromedical and Control Instruments Manufacturing

6.4

13

 

Siemens Industry Inc

Branch

Waukesha, WI

United States

Electrical Equipment and Appliances Manufacturing

4.0

13

 

Siemens Industry Inc

Branch

Canton, GA

United States

Consulting Services

2.0

13

 

Siemens Infrastructure/Cities

Branch

Pensacola, FL

United States

Electronics Wholesale

15.5

12

 

Siemens Industry Inc

Branch

Fort Lauderdale, FL

United States

Construction and Hardware Materials Wholesale

15.4

12

 

Siemens Infrastructure/Cities

Branch

Colorado Springs, CO

United States

Electronics Wholesale

15.1

12

 

Siemens Industry Inc

Branch

Memphis, TN

United States

Construction and Hardware Materials Wholesale

14.4

12

 

Siemens Industry Inc

Branch

Durham, NC

United States

Machinery and Equipment Manufacturing

3.7

12

 

Siemens Industry Inc

Branch

Mesa, AZ

United States

Machinery and Equipment Manufacturing

3.0

12

 

Siemens Infrastructure/Cities

Branch

Roanoke, VA

United States

Electromedical and Control Instruments Manufacturing

2.6

12

 

Siemens Industry Inc

Branch

Dundalk, MD

United States

Electrical Equipment and Appliances Manufacturing

3.0

10

 

Siemens Industry Inc

Branch

Albuquerque, NM

United States

Electronics Wholesale

11.3

9

 

Siemens Industry Inc

Branch

Midland, MI

United States

Electronics Wholesale

10.5

9

 

Siemens Industry Inc

Branch

Albuquerque, NM

United States

Construction and Hardware Materials Wholesale

10.0

8

 

Siemens Industry Inc

Branch

Darlington, PA

United States

Miscellaneous Chemical Manufacturing

4.9

8

 

Siemens Industry Inc

Branch

Buffalo Grove, IL

United States

Electromedical and Control Instruments Manufacturing

2.3

8

 

Siemens Industry Inc

Branch

Greensboro, NC

United States

Electromedical and Control Instruments Manufacturing

2.1

8

 

Siemens Industry Inc

Branch

Plainfield, IL

United States

Machinery and Equipment Manufacturing

2.0

7

 

Siemens Industry Inc

Branch

La Feria, TX

United States

Electronics Wholesale

8.2

6

 

Siemens Industry Inc

Branch

Little Rock, AR

United States

Electronics Wholesale

7.1

6

 

Siemens Industry Inc

Branch

Tacoma, WA

United States

Residential and Commercial Building Construction

4.1

6

 

Siemens Industry Inc

Branch

Scarborough, ME

United States

Residential and Commercial Building Construction

3.1

6

 

Siemens Industry Inc

Branch

Mt Vernon, WA

United States

Electronics Wholesale

7.1

5

 

Siemens Industry Inc

Branch

Des Plaines, IL

United States

Electronics Wholesale

6.5

5

 

Siemens Industry Inc

Branch

Rochester, NY

United States

Electronics Wholesale

6.5

5

 

Siemens Industry Inc

Branch

Kearney, NE

United States

Electronics Wholesale

6.1

5

 

Siemens Industry Inc

Branch

Brush Prairie, WA

United States

Miscellaneous Chemical Manufacturing

3.5

5

 

Siemens Industry Inc

Branch

Detroit, MI

United States

Residential and Commercial Building Construction

3.1

5

 

MIB AG

Subsidiary

Zug

Switzerland

Real Estate Agents and Brokers

 

170

 

Siemens Building Technologies AG

Division

Zurich, Dattwil

Switzerland

Investigation and Security Services

 

500

 

Siemens Pte. Ltd.

Subsidiary

Singapore

Singapore

Electronics Wholesale

447.4

2,000

 

UGS Asia Sales Pte Ltd

Subsidiary

Singapore

Singapore

Computer System Design Services

 

50

 

Siemens Industry Software Pte. Ltd.

Subsidiary

Singapore

Singapore

Computer, Office Equipment and Software Merchant Wholesalers

8.6

30

 

Siemens Building Technologies AB

Subsidiary

Huddinge

Sweden

Investigation and Security Services

 

1,200

 

Siemens Building Technologies AG

Subsidiary

Karlsruhe

Germany

Investigation and Security Services

 

1,000

 

Siemens Building Technologies A/S

Subsidiary

Ballerup

Denmark

Investigation and Security Services

 

450

 

Siemens Building Technologies Ltd.

Subsidiary

Staines-upon-Thames

United Kingdom

Investigation and Security Services

 

400

 

Siemens Building Technologies AG

Facility

Volketswil

Switzerland

Investigation and Security Services

 

360

 

Siemens Building Technologies SA

Subsidiary

Buc, Cedex

France

Semiconductor and Other Electronic Component Manufacturing

 

350

 

Siemens Building Technologies S.p.A.

Subsidiary

Milan

Italy

Investigation and Security Services

 

230

 

Siemens Building Technologies (Tianjin) Ltd.

Subsidiary

Shanghai

China

Investigation and Security Services

 

150

 

Siemens Building Technologies AS

Subsidiary

Oslo

Norway

Investigation and Security Services

 

100

 

Siemens Building Technologies Oy

Subsidiary

Helsinki

Finland

Investigation and Security Services

 

70

 

Siemens Cerberus SA

Subsidiary

Barcelona

Spain

Investigation and Security Services

 

70

 

Siemens Building Technologies s.r.o

Subsidiary

Prague

Czech Republic

Investigation and Security Services

 

60

 

Siemens Building Technologies Sp.z.o.o.

Subsidiary

Warsaw

Poland

Investigation and Security Services

 

50

 

Siemens Cerberus Kft.

Subsidiary

Budapest

Hungary

Semiconductor and Other Electronic Component Manufacturing

 

32

 

Alarmcom AG

Subsidiary

Mannedorf

Switzerland

Investigation and Security Services

 

 

 

Siemens SAS

Subsidiary

Champigny-sur-Marne

France

Investigation and Security Services

 

100

 

Alarmcom GmbH

Subsidiary

Filderstadt

Germany

Investigation and Security Services

 

32

 

Alarmcom Leptonics Pty Ltd

Subsidiary

Sydney, NSW

Australia

Investigation and Security Services

 

30

 

Alarmcom AB

Subsidiary

Huddinge

Sweden

Investigation and Security Services

 

16

 

Siemens Fire & Securities Products

Subsidiary

Vienna

Austria

Investigation and Security Services

 

4

 

Cerbex AG

Subsidiary

Altenrhein

Switzerland

Semiconductor and Other Electronic Component Manufacturing

 

 

 

Siemens S.A.

Subsidiary

Sao Paulo, SP

Brazil

Investigation and Security Services

 

 

 

VistaScape Security Systems Corp.

Subsidiary

Atlanta, GA

United States

Investigation and Security Services

 

 

 

Siemens Ltd - Building Automation and Security

Subsidiary

Moscow

Russian Federation

Communications Equipment Manufacturing

 

 

 

Siemens AG

Subsidiary

Almaty

Kazakhstan

Electrical Equipment and Appliances Manufacturing

100.0

200

 

Siemens Milltronics Process

Subsidiary

Calgary, AB

Canada

Electrical Equipment and Appliances Manufacturing

69.0

200

 

Siemens Power Plant Automation Ltd.

Subsidiary

Nanjing, Jiangsu

China

Electromedical and Control Instruments Manufacturing

42.9

200

 

ANF DATA spol. s r.o.

Subsidiary

Prague

Czech Republic

Software

 

200

 

Siemens Medical Solutions Ultrasound Division

Division

Mountain View, CA

United States

Professional and Commercial Equipment Wholesale

 

200

 

Siemens Surge Arresters Ltd.

Subsidiary

Wuxi, Jiangsu

China

Semiconductor and Other Electronic Component Manufacturing

 

200

 

TurboCare C.A.

Subsidiary

Maracaibo

Venezuela

Machinery Wholesale

 

200

 

SIMEA SIBIU S.R.L.

Subsidiary

Sibiu

Romania

Architecture and Engineering

 

200

 

SIPRIN, s.r.o.

Subsidiary

Bratislava

Slovakia

Computer Programming

8.8

193

 

SWTS Pte Ltd

Subsidiary

Singapore

Singapore

Electronics Wholesale

63.4

190

 

Adb

Subsidiary

Zaventem

Belgium

Electrical Equipment and Appliances Manufacturing

103.3

187

 

ADB SAS

Subsidiary

Rouvroy

France

Electrical Equipment and Appliances Manufacturing

22.4

56

 

Siemens Suisse SA

Subsidiary

Renens Vd, Vaud

Switzerland

Computer System Design Services

 

175

 

Siemens AG Healthcare Sector

Subsidiary

Wien, Wien

Austria

Computer System Design Services

 

175

 

Siemens Transformers S.p.A.

Subsidiary

Trento

Italy

Electrical Equipment and Appliances Manufacturing

107.8

174

 

Fabrica Electrotecnica Josa Sa

Subsidiary

Rubi, Barcelona

Spain

Electrical Equipment and Appliances Manufacturing

22.3

173

 

TurboCare S.p.A.

Subsidiary

Turin

Italy

Industrial Machinery Repair and Maintenance

121.2

169

 

Siemens Healthcare Diagnostics Manufacturing Limit

Subsidiary

Swords

Ireland

Pharmaceutical Manufacturing

189.7

167

 

Siemens Financial Services AB

Subsidiary

Solna

Sweden

Investment Services

52.5

166

 

U. S. Filter/Zimpro, Inc.

Division

Rothschild, WI

United States

Machinery and Equipment Manufacturing

27.1

165

 

Siemens Bank GmbH

Subsidiary

München, Bayern

Germany

Banking

 

161

 

Siemens Canada LTD

Subsidiary

Calgary, AB

Canada

Electrical Equipment and Appliances Manufacturing

55.2

160

 

Siemens Protection Devices Ltd.

Subsidiary

Camberley

United Kingdom

Electrical Equipment and Appliances Manufacturing

28.5

156

 

Siemens Healthcare Diagnostics

Subsidiary

Bruxelles

Belgium

Diagnostic Laboratories

389.1

154

 

Siemens Healthcare Diagnostics

Subsidiary

Bayswater, VIC

Australia

Professional and Commercial Equipment Wholesale

36.2

150

 

Bennex AS

Subsidiary

Bergen, Hordaland

Norway

Electrical Equipment and Appliances Manufacturing

32.9

150

 

Siemens S.A.

Subsidiary

San Salvador

El Salvador

Electrical Equipment and Appliances Manufacturing

 

150

 

Siemens Financial Services Holdings Ltd.

Subsidiary

Slough

United Kingdom

Holding Companies

 

150

 

ESTEL Rail Automation SPA

Subsidiary

Rouiba

Algeria

Communications Equipment Manufacturing

 

146

 

HanseCom Gesellschaft für Informations- und Kommunikationsdienstleistungen mbH

Subsidiary

Hamburg, Hamburg

Germany

Data Processing

 

139

 

Rexton Inc.

Subsidiary

Minneapolis, MN

United States

Electromedical and Control Instruments Manufacturing

10.4

130

 

Siemens - Libya

Subsidiary

Tripoli

Libyan Arab Jamahiriya

Electricity Generation and Distribution

 

130

 

Siemens Trgovsko in storitveno podjetje, d.o.o.

Subsidiary

Ljubljana

Slovenia

Electronics Wholesale

88.5

127

 

Continental Safety Engineering International GmbH

Subsidiary

Alzenau, Bayern

Germany

Motor Vehicle Parts Manufacturing

18.1

125

 

Siemens Finance & Leasing GmbH

Subsidiary

München, Bayern

Germany

Commercial and Industrial Rental

654.4

120

 

Siemens Industry Software B.V.

Subsidiary

Capelle aan den IJssel

Netherlands

Computer Programming

35.9

120

 

Siemens Industry Inc

Division

Canonsburg, PA

United States

Machinery and Equipment Manufacturing

28.6

120

 

Siemens S.A

Subsidiary

Luanda

Angola

Consulting Services

15.8

120

 

Egyptian German Telecommunication Industry

Subsidiary

Giza

Egypt

Semiconductor and Other Electronic Component Manufacturing

8.5

120

 

Siemens Healthcare Diagnostics Ltd

Subsidiary

Camberley

United Kingdom

Miscellaneous Chemical Manufacturing

112.6

114

 

Telecomunicacion Electronica Y Conmutacion Sociedad Anonima

Subsidiary

Getafe, Madrid

Spain

Electromedical and Control Instruments Manufacturing

33.6

114

 

Siemens Tunisia SA

Subsidiary

Tunis

Tunisia

Communications Equipment Manufacturing

 

110

 

Siemens Process Automation & Drives (U.K.) Ltd.

Subsidiary

Camberley

United Kingdom

Electromedical and Control Instruments Manufacturing

 

108

 

Siemens Measurement Systems

Division

Hitchin

United Kingdom

Electromedical and Control Instruments Manufacturing

 

56

 

Siemens Automation & Drives

Division

Saint Albans

United Kingdom

Machinery and Equipment Manufacturing

 

2

 

Siemens Industry Software Co., Ltd.

Subsidiary

Seoul, Seoul

Korea, Republic of

Computer, Office Equipment and Software Merchant Wholesalers

30.0

105

 

Siemens Diagnostics AB

Subsidiary

Göteborg, Västra Götaland

Sweden

Pharmaceutical Manufacturing

2.8

104

 

LMS Deutschland GmbH

Subsidiary

Kaiserslautern, Rheinland-Pfalz

Germany

Machinery and Equipment Manufacturing

 

102

 

Winergy Drive Systems (Tianjin) Co. Ltd.

Subsidiary

Tianjin

China

Electricity Generation and Distribution

136.6

100

 

Siemens Industry Inc

Subsidiary

Sewickley, PA

United States

Miscellaneous Chemical Manufacturing

61.6

100

 

Siemens S.A.

Subsidiary

Quito, Pichincha

Ecuador

Electromedical and Control Instruments Manufacturing

36.5

100

 

Siemens Flow Instruments Limited

Subsidiary

Stonehouse

United Kingdom

Electromedical and Control Instruments Manufacturing

25.0

100

 

ETM professional control GmbH

Subsidiary

Eisenstadt

Austria

Computer Programming

22.8

100

 

Siemens Infrastructure/Cities

Subsidiary

Irving, TX

United States

Specialty Construction Trade Contractors

19.9

100

 

Siemens Industry Inc

Subsidiary

Elk Grove Vlg, IL

United States

Machinery and Equipment Manufacturing

13.3

100

 

Beijing Cnc Water Technology Co., Ltd.

Subsidiary

Beijing, Beijing

China

Machinery and Equipment Manufacturing

7.4

100

 

Audio SAT Sp. z.o.o.

Subsidiary

Poznan

Poland

Electromedical and Control Instruments Manufacturing

 

100

 

Siemens WLL

Subsidiary

Doha

Qatar

Electronics Wholesale

 

100

 

Siemens Industry Software Ltda.

Subsidiary

Sao Caetano do Sul, Sao Paulo

Brazil

Computer Programming

 

100

 

Siemens SIA

Subsidiary

Riga

Latvia

Electricity Generation and Distribution

 

96

 

Siemens Fuel Gasification Technology GmbH & Co. KG

Subsidiary

Freiberg, Sachsen

Germany

Petroleum and Natural Gas Extraction

 

95

 

Siemens LLC

Subsidiary

Muscat

Oman

Electronics Wholesale

 

90

 

addIT Dienstleistungen GmbH & Co KG

Subsidiary

Klagenfurt

Austria

Computer System Design Services

20.5

86

 

Steinmuller Engineering GmbH

Subsidiary

Gummersbach, Nordrhein-Westfalen

Germany

Miscellaneous Professional Services

27.0

85

 

TGB Technisches Gemeinschaftsburo GmbH

Subsidiary

Kassel, Hessen

Germany

Civil Engineering

 

85

 

Siemens Ltd

Subsidiary

Lagos

Nigeria

Architecture and Engineering

125.6

83

 

Siemens (NZ) Limited

Subsidiary

Auckland

New Zealand

Electricity Generation and Distribution

12.1

80

 

UAB Siemens

Subsidiary

Vilnius

Lithuania

Civil Engineering

 

80

 

Siemens Ag

Branch

München, Bayern

Germany

Semiconductor and Other Electronic Component Manufacturing

 

80

 

Siemens Schweiz AG

Subsidiary

Altenrhein, St. Gall

Switzerland

Electronics Wholesale

18.1

75

 

Siemens Healthcare Diagnostics AG

Subsidiary

Düdingen, Fribourg

Switzerland

Medical Equipment and Supplies

 

75

 

Siemens Lease Services SAS

Subsidiary

Saint Denis

France

Banking

248.7

74

 

LMS Imagine SA

Subsidiary

Roanne

France

Software

12.5

74

 

Samtech-France Sa

Subsidiary

Massy

France

Research and Development Services

9.5

74

 

Siemens Healthcare Diagnostics B.V.

Subsidiary

Hague

Netherlands

Diagnostic Laboratories

 

74

 

Siemens Healthcare Diagnostics GmbH

Subsidiary

Vienna

Austria

Diagnostic Laboratories

81.6

70

 

Siemens Power Technologies International

Subsidiary

Schenectady, NY

United States

Architecture and Engineering

15.7

70

 

Lincas Electro Vertriebs-GmbH

Subsidiary

Hamburg

Germany

Electronics Wholesale

 

70

 

Siemens Vietnam Co. Ltd

Subsidiary

Ha Noi

Viet Nam

Motor Vehicle Wholesale

 

70

 

messMa GmbH

Subsidiary

Irxleben, Sachsen-Anhalt

Germany

Electromedical and Control Instruments Manufacturing

 

70

 

Siemens Real Estate Management GmbH

Subsidiary

Grünwald, Bayern

Germany

Real Estate Agents and Brokers

 

70

 

Kintec S.A.

Subsidiary

Athens

Greece

Semiconductor and Other Electronic Component Manufacturing

 

70

 

Siemens Ltd.

Subsidiary

Hanoi

Viet Nam

Architecture and Engineering

 

70

 

Service Guide Inc

Subsidiary

Cortland, OH

United States

Metal Products Manufacturing

13.3

67

 

Recently acquired (previously owned by Service Guide Inc).See corporate structure news on Siemens AG for details

Siemens Healthcare Diagnostics Holding GmbH

Subsidiary

Eschborn, Hessen

Germany

Investment Services

69.5

66

 

Dade Behring Grundstucks GmbH

Subsidiary

Marburg, Hessen

Germany

Real Estate Agents and Brokers

 

2

 

Siteco Osterreich GmbH

Subsidiary

Vienna

Austria

Electrical Equipment and Appliances Manufacturing

29.9

65

 

Siemens Finance Sp. z.o.o.

Subsidiary

Warszawa

Poland

Banking

 

65

 

Siemens Healthcare Diagnostics

Subsidiary

Zurich

Switzerland

Electromedical and Control Instruments Manufacturing

 

65

 

Siemens Holding Sl

Subsidiary

Tres Cantos, Madrid

Spain

Communications Equipment Manufacturing

136.4

63

 

ITH Icoserve Technology for Healthcare GmbH

Subsidiary

Innsbruck

Austria

Computer System Design Services

4.5

60

 

Siemens Medical Solutions Diagnostic

Subsidiary

Bruxelles

Belgium

Health and Personal Care Wholesale

0.0

60

 

Siemens Retail Commercial System

Subsidiary

Austin, TX

United States

Electromedical and Control Instruments Manufacturing

 

60

 

Siemens Information Processing Services Private Limited

Subsidiary

Bangalore, Karnataka

India

Accounting and Tax Preparation

 

59

 

Siemens Industry Metals Division

Subsidiary

Benton Harbor, MI

United States

Machinery and Equipment Manufacturing

9.8

57

 

Siemens, S.A. De C.V.

Subsidiary

Apodaca, Nuevo Leon

Mexico

Electrical Equipment and Appliances Manufacturing

 

56

 

Siemens Industry Software Sl

Subsidiary

Cornella De Llobregat, Barcelona

Spain

Computer Programming

13.8

51

 

Turbocare Canada Ltd.

Subsidiary

Calgary, AB

Canada

Industrial Machinery Repair and Maintenance

76.5

50

 

Landis & Staefa LTD

Subsidiary

Stoney Creek, ON

Canada

Electronics Wholesale

50.2

50

 

Siemens Healthcare Diagnostics AB

Subsidiary

Upplands Vasby

Sweden

Diagnostic Laboratories

24.9

50

 

Siemens Industry Inc

Subsidiary

Mt Laurel, NJ

United States

Specialty Construction Trade Contractors

9.7

50

 

Acrorad Co., Ltd.

Subsidiary

Uruma, Okinawa

Japan

Electromedical and Control Instruments Manufacturing

 

50

 

Siemens WLL

Subsidiary

Manama

Bahrain

Electronics Wholesale

 

50

 

Airport Munich Logistics and Services GmbH

Subsidiary

Munich

Germany

Computer Programming

 

50

 

SAT Systemy automatizacnej techniky spol. s.r.o.

Subsidiary

Bratislava

Slovakia

Consulting Services

 

50

 

Siemens Wind Power Blades (Shanghai) Co., Ltd.

Subsidiary

Shanghai

China

Machinery and Equipment Manufacturing

 

50

 

Oktopus

Subsidiary

Bruxelles

Belgium

Investigation and Security Services

10.5

49

 

Siemens Renting Sa

Subsidiary

Tres Cantos, Madrid

Spain

Consumer Goods Rental

14.0

46

 

Siemens Industry Inc

Division

St Paul, MN

United States

Machinery and Equipment Manufacturing

10.7

45

 

Lms Instruments B.V.

Subsidiary

Breda, Noord-Brabant

Netherlands

Machinery and Equipment Manufacturing

 

45

 

Osram AG

Subsidiary

Winterthur

Switzerland

Electrical Equipment and Appliances Manufacturing

 

43

 

Siemens Kameda Healthcare IT Systems K. K.

Subsidiary

Tokyo

Japan

Professional and Commercial Equipment Wholesale

 

43

 

Siemens Healthcare Diagnostics ApS

Subsidiary

Ballerup

Denmark

Diagnostic Laboratories

23.4

42

 

Siemens Healthcare Diagnostics AS

Subsidiary

Oslo

Norway

Diagnostic Laboratories

31.5

41

 

Siemens Høreapparater A/S

Subsidiary

Brønshøj

Denmark

Medical Equipment and Supplies

11.6

41

 

Siemens Hearing Instruments Private Limited

Subsidiary

Bangalore, Karnataka

India

Medical Equipment and Supplies

 

37

 

OEZ Slovakia, spol. s r.o.

Subsidiary

Bratislava

Slovakia

Electrical Equipment and Appliances Manufacturing

 

37

 

Siemens Audiologie Techniek B.V.

Subsidiary

Zoetermeer

Netherlands

Professional and Commercial Equipment Wholesale

 

35

 

Lms France

Subsidiary

Voisins Le Bretonneux

France

Miscellaneous Professional Services

28.6

34

 

Siemens Industry Inc

Subsidiary

Kansas City, MO

United States

Electronics Wholesale

39.9

33

 

Marine Current Turbines Ltd.

Subsidiary

Bristol

United Kingdom

Research and Development Services

0.0

33

 

Sea Generation Ltd.

Subsidiary

Camberley

United Kingdom

Miscellaneous Professional Services

0.4

 

 

Sea Generation (Kyle Rhea) Ltd.

Subsidiary

Camberley

United Kingdom

Specialized Design Services

 

 

 

Sea Generation (Wales) Ltd

Subsidiary

Camberley

United Kingdom

Specialized Design Services

 

 

 

Sea Generation (Brough Ness) Ltd.

Subsidiary

Camberley

United Kingdom

Specialized Design Services

 

 

 

Siemens Corporation

Subsidiary

New York, NY

United States

Electrical Equipment and Appliances Manufacturing

19,102.0

30

 

TurboCare, Inc.

Subsidiary

Chicopee, MA

United States

Machinery and Equipment Manufacturing

 

2,500

 

Turbo Care

Branch

Rural Hall, NC

United States

Machinery and Equipment Manufacturing

195.4

250

 

Turbo Care

Branch

Manchester, CT

United States

Machinery and Equipment Manufacturing

34.3

100

 

Turbocare Generator Services

Branch

Farmington, NM

United States

Metal Products Manufacturing

24.6

100

 

Turbo Care

Branch

Houston, TX

United States

Machinery and Equipment Manufacturing

64.0

86

 

Turbocare Gas Turbine

Branch

East Hartford, CT

United States

Machinery and Equipment Manufacturing

14.1

41

 

Turbo Care

Branch

Fitchburg, MA

United States

Machinery and Equipment Manufacturing

13.4

40

 

Turbo Care

Branch

Perris, CA

United States

Metal Products Manufacturing

4.1

24

 

Turbo Care

Branch

Jacksonville, FL

United States

Machinery and Equipment Manufacturing

4.0

12

 

Siemens Healthcare

Division

Hoffman Estates, IL

United States

Professional and Commercial Equipment Wholesale

2,251.3

1,000

 

Siemens Hearing Instruments Inc.

Subsidiary

Piscataway, NJ

United States

Electromedical and Control Instruments Manufacturing

161.5

700

 

HearUSA, Inc.

Subsidiary

Palm Beach Gardens, FL

United States

Professional and Commercial Equipment Wholesale

83.5

427

 

Hear USA Clear Solutions

Branch

Ormond Beach, FL

United States

Pharmacies and Personal Care Stores

2.1

9

 

PETNET Solutions Inc

Subsidiary

Knoxville, TN

United States

Pharmaceutical Manufacturing

 

550

 

Petnet Solutions

Branch

Culver City, CA

United States

Miscellaneous Wholesale

27.0

10

 

Petnet Solutions

Branch

Little Rock, AR

United States

Health and Personal Care Wholesale

16.5

7

 

Petnet Solutions

Branch

Albany, NY

United States

Health and Personal Care Wholesale

12.9

5

 

Petnet Solutions

Branch

Pensacola, FL

United States

Health and Personal Care Wholesale

12.9

5

 

Petnet Solutions

Branch

Portland, OR

United States

Health and Personal Care Wholesale

12.3

5

 

Siemens Transportation Systems, Inc.

Subsidiary

Sacramento, CA

United States

Consulting Services

91.0

450

 

Siemens Medical Solutions Usa, Inc.

Division

Concord, CA

United States

Electromedical and Control Instruments Manufacturing

 

450

 

Siemens Corporate Research

Subsidiary

Princeton, NJ

United States

Computer System Design Services

 

350

 

Siemens, Mountain View Branch

Subsidiary

Mountain View, CA

United States

Electromedical and Control Instruments Manufacturing

54.3

300

 

Siemens Maintenance Services LLC

Subsidiary

Richardson, TX

United States

Miscellaneous Professional Services

36.7

300

 

Piedmont Security

Division

Minnetonka, MN

United States

Computer Programming

53.9

294

 

Siemens Energy Inc

Branch

Houston, TX

United States

Specialty Construction Trade Contractors

53.8

270

 

Siemens Demag Delaval Turbomachinery, Inc.

Subsidiary

Trenton, NJ

United States

Machinery and Equipment Manufacturing

91.9

255

 

Siemens Medical Solutions Health Services Corporation

Division

Altoona, PA

United States

Computer Programming

 

250

 

Siemens Product Lifecycle Management Software II (US) Inc.

Subsidiary

Plano, TX

United States

Computer Programming

834.0

200

 

Siemens Industry Software SASU

Subsidiary

Velizy Villacoublay

France

Software

37.8

149

 

Siemens Product Laifsaikl Management Software Ooo

Subsidiary

Moscow

Russian Federation

Research and Development Services

32.9

39

 

Siemens Industry Software, S.A. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Computer, Office Equipment and Software Merchant Wholesalers

5.7

36

 

Siemens Industry Software Sp Z O O

Subsidiary

Warszawa

Poland

Computer, Office Equipment and Software Merchant Wholesalers

6.0

22

 

Siemens Industry Software (India) Private Limited

Subsidiary

Gurgaon, Haryana

India

Computer Programming

43.3

 

 

Siemens Infrastructure/Cities

Branch

Beltsville, MD

United States

Communications Equipment Manufacturing

53.3

200

 

Siemens Applied Automation

Subsidiary

Bartlesville, OK

United States

Electromedical and Control Instruments Manufacturing

 

175

 

Siemens ITS

Subsidiary

Novato, CA

United States

Specialty Construction Trade Contractors

 

160

 

Siemens ITS

Branch

Anaheim, CA

United States

Specialty Construction Trade Contractors

9.4

50

 

Siemens ITS

Branch

Grand Prairie, TX

United States

Specialty Construction Trade Contractors

5.6

30

 

Siemens ITS

Branch

Houston, TX

United States

Specialty Construction Trade Contractors

4.6

25

 

Siemens ITS

Branch

Waltham, MA

United States

Specialty Construction Trade Contractors

4.1

20

 

Siemens ITS

Branch

Tempe, AZ

United States

Specialty Construction Trade Contractors

2.9

15

 

Foundation Enterprise Systems

Subsidiary

Malvern, PA

United States

Internet and Web Services

 

150

 

ADB Airfield Solutions

Subsidiary

Columbus, OH

United States

Electrical Equipment and Appliances Manufacturing

32.7

108

 

Siemens Corp

Branch

Freeburg, IL

United States

Semiconductor and Other Electronic Component Manufacturing

19.8

101

 

American Healthware Systems

Subsidiary

Brooklyn, NY

United States

Computer Programming

14.6

85

 

Siemens Health Care

Division

Salt Lake City, UT

United States

Computer Programming

24.8

80

 

Siemens Industry Inc

Division

Portland, OR

United States

Electromedical and Control Instruments Manufacturing

19.0

80

 

Siemens Corp

Branch

Dallas, TX

United States

Machinery and Equipment Manufacturing

32.9

75

 

Siemens Corp

Branch

Huntsville, AL

United States

Machinery and Equipment Manufacturing

20.5

75

 

Siemens Corp

Branch

Mishawaka, IN

United States

Electrical Equipment and Appliances Manufacturing

22.1

58

 

Siemens Corp

Branch

Alpharetta, GA

United States

Electrical Equipment and Appliances Manufacturing

18.8

58

 

Siemens Corp

Branch

Orlando, FL

United States

Electrical Equipment and Appliances Manufacturing

15.8

58

 

Siemens Corp

Branch

Waltham, MA

United States

Electronics and Appliances Stores

12.2

50

 

Myrio Corporation

Subsidiary

Bothell, WA

United States

Wired Telecommunications Carriers

11.8

50

 

Pace Global Energy Services, LLC

Subsidiary

Fairfax, VA

United States

Consulting Services

 

50

 

Pace Global Energy Services

Branch

Columbia, SC

United States

Consulting Services

8.7

50

 

Siemens Corp

Branch

Houston, TX

United States

Electrical Equipment and Appliances Manufacturing

21.4

35

 

Siemens Technology to Business

Subsidiary

Berkeley, CA

United States

Computer Programming

16.4

25

 

Siemens Corp

Branch

Broussard, LA

United States

Business Support Services

3.3

25

 

Siemens Water Technology Corp

Branch

Randolph, MA

United States

Business Support Services

3.3

25

 

Siemens Corp

Branch

Redmond, WA

United States

Electronics Wholesale

28.4

20

 

Siemens Corp

Branch

Bellingham, WA

United States

Electronics Wholesale

28.4

20

 

Siemens Corp

Branch

New York, NY

United States

Electronics Wholesale

25.9

20

 

Siemens Corp

Branch

Pensacola, FL

United States

Electronics Wholesale

25.9

20

 

Siemens Corp

Branch

Boca Raton, FL

United States

Electronics Wholesale

25.9

20

 

Siemens Corp

Branch

Littleton, CO

United States

Electronics Wholesale

25.2

20

 

Siemens Corp

Branch

Bryan, TX

United States

Electronics and Appliances Stores

4.6

20

 

Siemens Corp

Branch

Arlington, TX

United States

Electronics Wholesale

20.6

15

 

Siemens Corp

Branch

Houston, TX

United States

Machinery Wholesale

35.6

13

 

Siemens Corp

Branch

North Wales, PA

United States

Semiconductor and Other Electronic Component Manufacturing

6.3

12

 

Siemens Corp

Branch

Lebec, CA

United States

Electrical Equipment and Appliances Manufacturing

3.4

11

 

Siemens Corp

Branch

Sherman, TX

United States

Machinery and Equipment Manufacturing

2.4

7

 

Siemens Corp

Branch

Worcester, MA

United States

Home and Garden Retail

2.1

7

 

Siemens Corp

Branch

Houston, TX

United States

Construction and Hardware Materials Wholesale

9.3

6

 

Siemens Corp

Branch

Foster City, CA

United States

Construction and Hardware Materials Wholesale

9.2

6

 

Siemens Corp

Branch

Qulin, MO

United States

Construction and Hardware Materials Wholesale

8.2

6

 

Siemens Venture Capital

Branch

Boston, MA

United States

Investment Services

3.6

5

 

Winergy Drive Systems Corp.

Subsidiary

Elgin, IL

United States

Machinery and Equipment Manufacturing

1.2

5

 

Siemens Financial Services, Inc.

Subsidiary

Iselin, NJ

United States

Investment Services

 

4

 

Healthcare Data Exchange

Subsidiary

Malvern, PA

United States

Miscellaneous Professional Services

0.1

3

 

Siemens Real Estate Corp.

Subsidiary

Iselin, NJ

United States

Consulting Services

 

3

 

Optisphere Networks Inc.

Subsidiary

Reston, VA

United States

Wireless Telecommunications Carriers

 

2

 

Siemens Fossil Services, Inc.

Subsidiary

Orlando, FL

United States

Specialty Construction Trade Contractors

0.3

1

 

Demag Delaval Turbomachinery Corp.

Subsidiary

Trenton, NJ

United States

Machinery and Equipment Manufacturing

 

 

 

Siemens Generation Services Company

Subsidiary

Orlando, FL

United States

Electricity Generation and Distribution

 

 

 

Siemens Financial, Inc.

Subsidiary

Iselin, NJ

United States

Investment Services

 

 

 

Transport & Distribution Inc.

Subsidiary

Ontario, CA

United States

Consulting Services

 

 

 

Siemens Product Lifecycle Management Software Inc.

Subsidiary

Plano, TX

United States

Computer Programming

 

 

 

Siemens Capital Company LLC

Subsidiary

Iselin, NJ

United States

Investment Services

 

 

 

Siemens Diagnostics Finance Co. LLC

Subsidiary

Deerfield, IL

United States

Investment Services

 

 

 

HearX West LLC

Subsidiary

West Palm Beach, FL

United States

Miscellaneous Store Retailers

 

 

 

Siemens Public, Inc.

Subsidiary

Wilmington, DE

United States

Investment Services

 

 

 

Siemens Government Technologies, Inc.

Subsidiary

Arlington, VA

United States

Investigation and Security Services

 

 

 

The Colorado Medical Cyclotron, LLC

Subsidiary

Denver, CO

United States

Pharmaceutical Manufacturing

 

 

 

Siemens USA Holdings, Inc.

Subsidiary

New York, NY

United States

Investment Services

 

 

 

PETNET Solutions Cleveland, LLC

Subsidiary

Cleveland, OH

United States

Pharmaceutical Manufacturing

 

 

 

CQS Innovation Inc

Subsidiary

Benton Harbor, MI

United States

Machinery and Equipment Manufacturing

5.0

30

 

Siemens Lda

Subsidiary

Maputo

Mozambique

Civil Engineering

 

30

 

Siemens Industry Software, s.r.o.

Subsidiary

Prague

Czech Republic

Computer Programming

 

30

 

Siteco Lighting Malaysia Sdn. Bhd.

Subsidiary

Petaling Jaya, Selangor

Malaysia

Electrical Equipment and Appliances Manufacturing

 

30

 

Siemens Hearing Solution (Pty.) Ltd.

Subsidiary

Ferndale, Randburg

South Africa

Electromedical and Control Instruments Manufacturing

 

30

 

Siemens Nixdorf Information Systems (Northern Ireland) Ltd.

Subsidiary

N/K

United Kingdom

 

 

29

 

Osram SA

Subsidiary

Athens

Greece

Electrical Equipment and Appliances Manufacturing

20.7

25

 

Siemens Financial Services

Subsidiary

Oslo, Oslo

Norway

 

19.6

25

 

Siemens AG

Subsidiary

Tashkent

Uzbekistan

Professional and Commercial Equipment Wholesale

1.8

25

 

Broadcastle Ltd.

Subsidiary

Slough

United Kingdom

Holding Companies

 

25

 

Broadcastle Finance Ltd.

Subsidiary

Slough

United Kingdom

Banking

14.6

 

 

Siemens Real Estate Ltd.

Subsidiary

Camberley

United Kingdom

Nonclassifiable Establishments

 

25

 

Sky Eye Transportation Systems GmbH

Subsidiary

Braunschweig, Niedersachsen

Germany

Research and Development Services

 

25

 

Siemens Industry Software Ltd.

Subsidiary

Mississauga, ON

Canada

Computer Programming

 

25

 

Siemens Insulation Center GmbH & Co. KG

Subsidiary

Zwönitz, Sachsen

Germany

Rubber and Plastic Product Manufacturing

 

25

 

Zargis Medical Corp

Joint Venture

Princeton, NJ

United States

Medical Equipment and Supplies

7.2

24

 

Siemens Pensionskasse AG

Subsidiary

Wien

Austria

Pensions and Funds

 

24

 

Siemens Mitarbeitervorsorgekasse AG

Subsidiary

Vienna

Austria

Architecture and Engineering

1.5

 

 

Poseidon Consulting Services AS

Subsidiary

Stavanger

Norway

Consulting Services

10.3

20

 

Siemens Industry, Inc.

Division

Batavia, IL

United States

Electrical Equipment and Appliances Manufacturing

 

20

 

Siteco Schweiz AG

Subsidiary

Belp

Switzerland

Electrical Equipment and Appliances Manufacturing

 

20

 

Siemens Beteiligungsverwaltung GmbH&Co. OHG

Subsidiary

Grünwald, Bayern

Germany

Investment Services

 

20

 

Lms Italiana SRL

Subsidiary

Torino, Torino

Italy

Consulting Services

10.7

19

 

Siteco Lighting Poland Sp. z o.o.

Subsidiary

Warsaw

Poland

Electrical Equipment and Appliances Manufacturing

 

18

 

Siemens Private Finance Versicherungs- und Kapitalanlagenvermittlungs-GmbH

Subsidiary

Munich

Germany

Investment Services

 

17

 

Siteco Sistemi d.o.o.

Subsidiary

Maribor

Slovenia

Electrical Equipment and Appliances Manufacturing

 

17

 

Siteco Belysning AS

Subsidiary

Oslo

Norway

Electrical Equipment and Appliances Manufacturing

12.2

16

 

Siemens Audiologie AG

Subsidiary

Adliswil

Switzerland

Electromedical and Control Instruments Manufacturing

 

16

 

Chantry Networks

Subsidiary

Waltham, MA

United States

Telecommunications Resellers

5.6

15

 

Vodacom Co., Ltd.

Subsidiary

Seoul, Seoul

Korea, Republic of

Communications Equipment Manufacturing

3.6

14

 

HV-Turbo Italia S.r.l.

Subsidiary

Mornago

Italy

Commercial and Industrial Rental

9.5

12

 

Siemens AG

Subsidiary

Baku

Azerbaijan

Electrical Equipment and Appliances Manufacturing

 

11

 

Siemens

Subsidiary

Dubai, Dubai

United Arab Emirates

Nonclassifiable Establishments

 

11

 

Siemens Audiologická Technika s.r.o.

Subsidiary

Praha

Czech Republic

Medical Equipment and Supplies

2.3

10

 

Siemens Ag, Siemens Ag Industry Sector, Mobility Division

Branch

Erlangen, Bayern

Germany

Software

 

10

 

BWI Services GmbH

Subsidiary

Meckenheim, Nordrhein-Westfalen

Germany

Data Processing

 

10

 

Siemens Technology Accelerator GmbH

Subsidiary

Munich

Germany

Computer Programming

 

10

 

Symeo Gmbh

Subsidiary

Neubiberg, Bayern

Germany

Electromedical and Control Instruments Manufacturing

4.5

25

 

Siemens Product Lifecycle Management Software II (BE) BVBA

Subsidiary

Brussels

Belgium

Computer Programming

 

10

 

Siteco Lighting, S.L.U.

Subsidiary

Tres Cantos

Spain

Electrical Equipment and Appliances Manufacturing

 

10

 

Siemens Industry Inc

Subsidiary

Reading, PA

United States

Machinery and Equipment Manufacturing

2.5

9

 

Pure Process Technology

Subsidiary

Nashua, NH

United States

Business Support Services

1.1

9

 

Siemens Financial Services SASU

Subsidiary

Saint-Denis

France

Banking

38.0

7

 

Siemens Industriepark Karlsruhe GmbH & Co. KG

Subsidiary

Karlsruhe

Germany

Real Estate Agents and Brokers

 

7

 

Ruggedcom Inc

Subsidiary

Woodbridge, ON

Canada

Electronics Wholesale

6.1

6

 

Rugged Com Inc

Subsidiary

Hollywood, FL

United States

Computer System Design Services

1.1

5

 

VMZ Berlin Betreibergesellschaft mbH

Subsidiary

Berlin

Germany

Administration of Public Programs

3.1

6

 

Vai Pomini Inc.

Joint Venture

Canonsburg, PA

United States

Architecture and Engineering

1.5

6

 

Imetrex Technologies Limited

Subsidiary

Dublin

Ireland

Investigation and Security Services

 

6

 

Europlex Technologies (Ireland) Limited

Subsidiary

Dublin

Ireland

Professional and Commercial Equipment Wholesale

3.6

39

 

Industrieschutz Assekuranz Vermittlung GmbH

Joint Venture

Mulheim an der Ruhr

Germany

Insurance Agents

 

6

 

Siemens d.o.o. Podgorica

Subsidiary

Podgorica

Serbia

Professional and Commercial Equipment Wholesale

4.4

5

 

Professional Apartment Services

Division

Houston, TX

United States

Real Estate Services

0.9

5

 

Siteco Lighting Austria GmbH

Subsidiary

Vienna

Austria

Electronics Wholesale

 

4

 

Siemens Industry Software A/S

Subsidiary

Allerod

Denmark

Computer Programming

26.3

3

 

SIELOG Systemlogik GmbH

Subsidiary

Vienna

Austria

Computer Programming

0.7

3

 

SIMAR Nordost Grundstücks-GmbH

Subsidiary

Grünwald, Bayern

Germany

Real Estate Agents and Brokers

 

3

 

Siemens Technopark Mulheim Verwaltungs-GmbH

Subsidiary

Mulheim an der Ruhr

Germany

Professional and Commercial Equipment Wholesale

 

3

 

Siemens Power Generation Anlagentechnik GmbH

Subsidiary

Wien, Wien

Austria

 

77.1

2

 

Siemens Communications Inc

Division

San Jose, CA

United States

Wireless Telecommunications Carriers

0.1

2

 

DPC Holding GmbH

Subsidiary

Eschborn, Hessen

Germany

Investment Services

 

2

 

Siemens Building Technologies Holding GmbH

Subsidiary

Grünwald, Bayern

Germany

Consulting Services

 

2

 

Vtw Anlagen UK Ltd.

Subsidiary

Banbury

United Kingdom

Specialty Construction Trade Contractors

0.0

1

 

Voest Alpine Industria Ltda

Branch

Belo Horizonte, Minas Gerais

Brazil

Machinery and Equipment Manufacturing

 

1

 

ILLIT Grundstucksverwaltungs-Management GmbH

Subsidiary

Grünwald, Bayern

Germany

Investment Services

 

1

 

Siemens Real Estate GmbH & Co. OHG

Subsidiary

Munich

Germany

Real Estate Agents and Brokers

2,907.1

 

 

Siemens Limited

Subsidiary

Mumbai, Maharashtra

India

Electrical Equipment and Appliances Manufacturing

2,419.4

 

 

Siemens Limited

Branch

Mumbai, Maharashtra

India

Grocery Wholesale

 

8,000

 

Siemens Limited

Branch

Bengaluru, Karnataka

India

Industrial Machinery Repair and Maintenance

6.5

70

 

Siemens Building Technologies Private Limited

Subsidiary

Chennai, Tamil Nadu

India

Electrical Equipment and Appliances Manufacturing

67.3

 

 

Siemens Building Technologies Private Limited

Branch

Puducherry, Pondicherry

India

Electrical Equipment and Appliances Manufacturing

 

600

 

Vista Security Technics Private Limited

Subsidiary

Chennai, Tamil Nadu

India

Electronics Wholesale

5.1

 

 

Siemens Limited

Branch

Bengaluru, Karnataka

India

Computer Programming

 

 

 

Siemens Sanayi Ve Ticaret A S

Subsidiary

Istanbul (Anatolia)

Turkey

Electrical Equipment and Appliances Manufacturing

1,347.5

 

 

Siemens Ooo

Subsidiary

Moscow

Russian Federation

Machinery Wholesale

774.5

 

 

Siemens Limited

Subsidiary

Kwun Tong, Kowloon

Hong Kong

Electronics Wholesale

322.0

 

 

Siemens S.A.

Subsidiary

Providencia

Chile

Electrical Equipment and Appliances Manufacturing

68.9

 

 

Siemens AG

Subsidiary

Ashgabat

Turkmenistan

Electronics Wholesale

61.5

 

 

Winergy Drive Systems India Private Limited

Subsidiary

Kanchipuram, Tamil Nadu

India

Machinery and Equipment Manufacturing

61.4

 

 

Siemens Finance Ooo

Subsidiary

Vladivostok

Russian Federation

Banking

39.0

 

 

Poseidon Group AS

Subsidiary

Stavanger, Rogaland

Norway

 

32.8

 

 

Tendeka AS

Subsidiary

Stavanger, Rogaland

Norway

Petroleum and Natural Gas Extraction

1.1

7

 

Siemens Finansal Kiralama AS

Subsidiary

Istanbul

Turkey

Banking

17.6

 

 

Siemens Vysokovoltnye Apparaty Ooo

Subsidiary

Voronezh G.

Russian Federation

Electrical Equipment and Appliances Manufacturing

12.9

 

 

Siemens Horeapparater AS

Subsidiary

Oslo

Norway

Electromedical and Control Instruments Manufacturing

7.4

 

 

The Preactor Group Ltd.

Subsidiary

Chippenham

United Kingdom

Miscellaneous Professional Services

6.9

 

 

 

Preactor International Ltd.

Subsidiary

Chippenham

United Kingdom

Computer System Design Services

 

25

 

The Cimulation Centre Ltd.

Subsidiary

Chippenham

United Kingdom

Computer System Design Services

 

 

 

TurboCare B.V.

Subsidiary

Hengelo

Netherlands

Machinery and Equipment Manufacturing

3.4

 

 

Siemens Medical Solutions Diagnostics Europe Limit

Subsidiary

Co Dublin

Ireland

Medical Equipment and Supplies

0.1

 

 

Siemens Holdings PLC

Subsidiary

Camberley

United Kingdom

Miscellaneous Professional Services

 

 

 

Siemens PLC

Subsidiary

Poole

United Kingdom

Computer and Peripheral Equipment Manufacturing

5,210.4

8,227

 

Siemens PLC

UK Branch/Trading address

Manchester

United Kingdom

Computer and Peripheral Equipment Manufacturing

5,210.4

1,000

 

Siemens Power Generation Ltd.

Subsidiary

Bracknell

United Kingdom

Nonclassifiable Establishments

 

750

 

Tronic Ltd.

Subsidiary

Ulverston

United Kingdom

Electromedical and Control Instruments Manufacturing

67.6

357

 

Tronic Ltd.

UK Branch/Trading address

Ulverston

United Kingdom

Electrical Equipment and Appliances Manufacturing

67.6

375

 

Trench (Uk) Ltd.

Subsidiary

Hebburn

United Kingdom

Electrical Equipment and Appliances Manufacturing

32.4

82

 

Va Tech T & D UK Ltd.

Subsidiary

Camberley

United Kingdom

Miscellaneous Professional Services

 

4

 

Siemens Healthcare Diagnostics Products GmbH

Subsidiary

Marburg, Hesse

Germany

Diagnostic Laboratories

 

 

 

Siemens Healthcare Diagnostics GmbH

Subsidiary

Eschborn, Hessen

Germany

Health and Personal Care Wholesale

281.1

490

 

ELIN EBG Traction GmbH

Subsidiary

Vienna

Austria

Electronics Wholesale

 

 

 

Siemens Circuit Protection Systems Ltd

Subsidiary

Shanghai

China

Communications Equipment Manufacturing

 

 

 

Siemens Traction Equipment Ltd

Subsidiary

Zhuzhou, Hunan Province

China

Medical Equipment and Supplies

 

 

 

Siemens Switchgear Ltd

Subsidiary

Shanghai

China

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Manufacturing & Engineering Centre Ltd

Subsidiary

Shanghai

China

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Numerical Control Ltd

Subsidiary

Nanjing, Jaingsu Province

China

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Electrical Drives Ltd

Subsidiary

Tianjin

China

Machinery and Equipment Manufacturing

 

 

 

Siemens High Voltage Circuit Breaker Co Ltd

Subsidiary

Hangzhou

China

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Japan KK

Subsidiary

Tokyo

Japan

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens IT Services S.A.

Subsidiary

Buenos Aires

Argentina

Computer Programming

 

 

 

Siemens S.A.

Subsidiary

San José

Costa Rica

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens S.A.

Subsidiary

Ciudad de Guatemala

Guatemala

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens S.A.

Subsidiary

Tegucigalpa

Honduras

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens S.A.

Subsidiary

Managua

Nicaragua

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens S.A.

Subsidiary

Ciudad de Panamá

Panama

Electrical Equipment and Appliances Manufacturing

 

 

 

Meditron Limited

Subsidiary

Kingston

Jamaica

Electrical Equipment and Appliances Manufacturing

 

 

 

Caribbean Industrial and Medical Services Limited

Subsidiary

Champs Fleurs

Trinidad and Tobago

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens LLC

Subsidiary

Abu Dhabi

United Arab Emirates

Electronics Wholesale

 

 

 

Siemens (Cyprus) Ltd

Subsidiary

Nicosia

Cyprus

Computer, Office Equipment and Software Merchant Wholesalers

 

 

 

Siemens-Electrogeräte GmbH

Subsidiary

München

Germany

Electronics Wholesale

 

 

 

Siemens Finance and Leasing Ltd

Subsidiary

Beijing

China

Banking

 

 

 

Siemens Industrial Automation Ltd.

Subsidiary

Shanghai

China

Specialty Construction Trade Contractors

 

 

 

Siemens Signalling Company Ltd

Subsidiary

Xi'an, Shanxi Province

China

Communications Equipment Manufacturing

 

 

 

OSRAM Asia Pacific Ltd

Subsidiary

Wanchai

Hong Kong

Electronics Wholesale

 

 

 

Siemens SRL

Subsidiary

Chisinau

Moldova, Republic of

Professional and Commercial Equipment Wholesale

 

 

 

Siemens AG

Subsidiary

Minsk

Belarus

Electrical Equipment and Appliances Manufacturing

 

 

 

OSRAM EOOD

Subsidiary

Sofia

Bulgaria

Electronics Wholesale

 

 

 

Siemens Domestic Technology

Subsidiary

Kiev

Ukraine

Electronics Wholesale

 

 

 

MKM Telekom

Subsidiary

Kiev

Ukraine

Communications Equipment Manufacturing

 

 

 

Osram Ukraine

Subsidiary

Kiev

Ukraine

Electronics Wholesale

 

 

 

Siemens Kenya Ltd

Subsidiary

Nairobi

Kenya

Computer, Office Equipment and Software Merchant Wholesalers

 

 

 

Gami (Import & Export) Ltd

Subsidiary

Port Louis

Mauritius

Electronics Wholesale

 

 

 

Siemens Limited

Subsidiary

Dar es Salaam

Tanzania

Architecture and Engineering

 

 

 

Siemens Benefits Scheme Ltd.

Subsidiary

Camberley

United Kingdom

Nonclassifiable Establishments

 

 

 

Siemens Benefits Scheme Property Ltd.

Subsidiary

Camberley

United Kingdom

Nonclassifiable Establishments

 

 

 

Sunbury Investment Co. Ltd.

Subsidiary

Sunbury-On-Thames

United Kingdom

 

 

 

 

Siemens Financial Services (Jersey) Ltd.

Subsidiary

Jersey

United Kingdom

 

 

 

 

Siemens Medical Solutions Diagnostics Holding I B.V.

Subsidiary

Hague

Netherlands

Investment Services

 

 

 

Siemens Ag

Branch

Villingen-Schwenningen, Baden-Württemberg

Germany

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Power Engineering Pvt. Ltd.

Subsidiary

Gurgaon

India

Residential and Commercial Building Construction

 

 

 

Siemens Power Holding Ag

Subsidiary

Zug, Zug

Switzerland

Holding Companies

 

 

 

Siemens, S.A.

Subsidiary

Caracas, Distrito Federal

Venezuela

Electronics Wholesale

 

 

 

Siteco Lighting Systems S.r.I.

Subsidiary

Milan

Italy

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Ag

Branch

Krefeld, Nordrhein-Westfalen

Germany

Semiconductor and Other Electronic Component Manufacturing

 

 

 

Dade Behring Beteiligungs GmbH

Subsidiary

Eschborn, Hessen

Germany

Investment Services

 

 

 

Siemens Ag

Branch

Nürnberg, Bayern

Germany

Electrical Equipment and Appliances Manufacturing

 

 

 

Gym Renewables Ltd.

Subsidiary

Camberley

United Kingdom

Miscellaneous Professional Services

 

 

 

Gym Renewables One Ltd.

Subsidiary

Camberley

United Kingdom

Miscellaneous Professional Services

 

 

 

Siemens Foundation

Subsidiary

Iselin, NJ

United States

Associations and Organizations

 

 

 

DA Creative GmbH

Subsidiary

München, Bayern

Germany

Photographic Services

 

 

 

sinius GmbH

Subsidiary

Munich, Bavaria

Germany

Architecture and Engineering

 

 

 

Wesmag Weseler Maschinenbaugesellschaft mit beschrankter Haftung

Subsidiary

Munich

Germany

Architecture and Engineering

 

 

 

Siemens Water Technologies

Subsidiary

Singapore

Singapore

Consulting Services

 

 

 

Siemens Financieringsmaatschappij N.V.

Subsidiary

Hague

Netherlands

Investment Services

 

 

 

Siemens Concentrated Solar Power Ltd.

Subsidiary

Bet Shemesh

Israel

Electricity Generation and Distribution

 

 

 

Steiermarkische Medizinarchiv GesmbH

Subsidiary

Graz

Austria

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens S.A.

Subsidiary

Santa Cruz, Santa Cruz

Bolivia

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Electric Machines s.r.o.

Subsidiary

Drasov

Czech Republic

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Technopark Berlin GmbH&Co. KG

Subsidiary

Berlin

Germany

Pensions and Funds

 

 

 

Siemens Technopark Nurnberg GmbH & Co. KG

Subsidiary

Nuremberg

Germany

Real Estate Agents and Brokers

 

 

 

Siemens Venture Capital GmbH

Subsidiary

Munich

Germany

Investment Services

 

 

 

SVM Star Ventures Managementgesellschaft mbH Nr. 3 & Co. Beteiligungs KG Nr. 4

Subsidiary

München, Bayern

Germany

Consulting Services

 

 

 

Siemens Audiologiai Technika Kereskedelmi es Szolgaltato Korlatolt Felelossegu Tarsasag

Subsidiary

Budapest

Hungary

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Hearing Instruments Private Limited

Subsidiary

Bengaluru, Karnataka

India

Medical Equipment and Supplies

 

 

 

Siemens Healthcare Diagnostics KK

Subsidiary

Tokyo

Japan

Professional and Commercial Equipment Wholesale

 

 

 

Siemens Hearing Instruments K.K.

Subsidiary

Sagamihara, Kanagawa

Japan

Electromedical and Control Instruments Manufacturing

 

 

 

Mochida Siemens Medical Systems Co. Ltd.

Subsidiary

Tokyo

Japan

Medical Equipment and Supplies

 

 

 

SIA Siemens Medical Solutions Diagnostics

Subsidiary

Riga

Latvia

Health and Personal Care Wholesale

 

 

 

Siemens Lease B.V.

Subsidiary

Zoetermeer

Netherlands

Architecture and Engineering

 

 

 

Siemens Hearing Instruments Pty. Ltd.

Subsidiary

Milton, QLD

Australia

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Real Estate Management (Pty.) Ltd.

Subsidiary

Midrand

South Africa

Real Estate Agents and Brokers

 

 

 

Siemens Nixdorf Informationssysteme GmbH

Subsidiary

Grünwald, Bayern

Germany

Holding Companies

 

 

 

RISICOM Ruckversicherung AG

Subsidiary

Grünwald, Bayern

Germany

Life and Health Insurance

 

 

 

Siteco Aydinlatma Teknigi Tic. Ve San. Ltd. Sti.

Subsidiary

Istanbul

Turkey

Electrical Equipment and Appliances Manufacturing

 

 

 

Koden Co., Ltd.

Subsidiary

Tokyo

Japan

Investment Services

 

 

 

Siemens Healthcare Diagnostics Limited

Subsidiary

Kwun Tong

Hong Kong

Diagnostic Laboratories

 

 

 

Siemens Manufacturing S.A.

Subsidiary

Tenjo, Cundinamarca

Colombia

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Industry Software Ltd.

Subsidiary

Herzliyya

Israel

Computer Programming

 

 

 

Siemens Product Lifecycle Management Software 2 (IL) Ltd.

Subsidiary

Herzliyya

Israel

Computer Programming

 

 

 

Siemens Industry Software (India) Private Limited

Subsidiary

Gurgaon, Haryana

India

Computer Programming

 

 

 

SIEMENS (AUSTRIA) PROIECT SPITAL COLTEA SRL

Subsidiary

Bucharest

Romania

Architecture and Engineering

 

 

 

Siemens Industry Software K.K.

Subsidiary

Tokyo

Japan

Computer Programming

 

 

 

Grupo Siemens S.A. de C.V.

Subsidiary

Mexico

Mexico

Investment Services

 

 

 

Siemens Enterprise Communications, S.A. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Communications Equipment Manufacturing

21.1

107

 

Dade Behring, S.A. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Professional and Commercial Equipment Wholesale

0.0

32

 

Asm Assembly Systems, S. De R.L. De C.V.

Subsidiary

Tlaquepaque, Jalisco

Mexico

Industrial Machinery Repair and Maintenance

5.1

22

 

Siemens Innovaciones, S.A. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Machinery and Equipment Manufacturing

214.3

 

 

Osram De México, S.A. De C.V.

Subsidiary

Tultitlan, Hidalgo

Mexico

Commercial and Industrial Rental

76.8

 

 

Siemens Building Technologies (Pty) Ltd.

Subsidiary

Midrand, Gauteng

South Africa

Specialty Construction Trade Contractors

 

 

 

Siemens PETNET Korea Co. Ltd.

Subsidiary

Seoul

Korea, Republic of

Electromedical and Control Instruments Manufacturing

 

 

 

Iriel Industria Comercio de Sistemas Electricos Ltda.

Subsidiary

Canoas

Brazil

Semiconductor and Other Electronic Component Manufacturing

 

 

 

KDAG Beteiligungen GmbH

Subsidiary

Vienna

Austria

Investment Services

 

 

 

Siteco Lighting, spol. s r.o.

Subsidiary

Prague

Czech Republic

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens S.A.

Subsidiary

Montevideo

Uruguay

Architecture and Engineering

 

 

 

Siemens Eromutechnika Kft.

Subsidiary

Budapest

Hungary

Electricity Generation and Distribution

 

 

 

VAI - INGDESI Automation Ltda.

Subsidiary

Contagem

Brazil

Architecture and Engineering

 

 

 

Siemens Hearing Instruments Inc.

Subsidiary

Cambridge, ON

Canada

Electromedical and Control Instruments Manufacturing

 

 

 

Siemens Power Automation Ltd.

Subsidiary

Nanjing

China

Architecture and Engineering

 

 

 

Siemens Industry Software Limited

Subsidiary

Kwun Tong

Hong Kong

Computer Programming

 

 

 

Sunny World (Shaoxing) Green Lighting Co., Ltd.

Subsidiary

Shaoxing, Zhejiang

China

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Fuel Gasification Technology Verwaltungs GmbH

Subsidiary

Freiberg, Sachsen

Germany

Consulting Services

 

 

 

Siemens Healthcare Diagnostics Ltda.

Subsidiary

Bogota

Colombia

Diagnostic Laboratories

 

 

 

Siemens Industry Automation Holding AG

Subsidiary

Munich, Bavaria

Germany

Investment Services

 

 

 

IBS AG

Subsidiary

Hoehr-Grenzhausen

Germany

Software

23.9

229

 

IBS SINIC GmbH

Subsidiary

Neu-Anspach, Hessen

Germany

Software

 

15

 

UAB IBS Baltic GmbH

Subsidiary

Kaunas

Lithuania

Computer Programming

 

10

 

IBS America, Inc.

Subsidiary

Lexington, MA

United States

Software

 

 

 

Siemens Spezial-Investmentaktiengesellschaft mit TGV

Subsidiary

Munich, Bavaria

Germany

Investment Services

 

 

 

Siemens Global Innovation Partners Management GmbH

Subsidiary

Munich, Bavaria

Germany

Investment Services

 

 

 

Siemens Financial Services Ltd.

Subsidiary

Beijing

China

Investment Services

 

 

 

Saudi VOEST-ALPINE GmbH

Subsidiary

Linz

Austria

Architecture and Engineering

 

 

 

Siemens Treasury GmbH

Subsidiary

Munich, Bavaria

Germany

Investment Services

 

 

 

Siemens Healthcare Diagnostics OY

Subsidiary

Espoo

Finland

Diagnostic Laboratories

 

 

 

Siemens Servicios S.A. de C.V.

Subsidiary

Mexico

Mexico

Investment Services

 

 

 

Proyectos de Energia S.A. de C.V.

Subsidiary

Monterrey, Nuevo Leon

Mexico

Administration of Public Programs

 

 

 

Siemens Soluciones Tecnologicas S.A.

Subsidiary

Santa Cruz

Bolivia

Architecture and Engineering

 

 

 

Siemens Financial Services Private Limited

Subsidiary

Mumbai, Maharashtra

India

Investment Services

 

 

 

Siemens Transformers Canada Inc.

Subsidiary

Trois Rivieres, QC

Canada

Machinery and Equipment Manufacturing

 

 

 

Siemens International Trading Ltd.

Subsidiary

Shanghai

China

Professional and Commercial Equipment Wholesale

 

 

 

Siemens Healthcare Diagnostics (Pty.) Limited

Subsidiary

Johannesburg, Gauteng

South Africa

Diagnostic Laboratories

 

 

 

OOO Legion T2

Subsidiary

Moscow

Russian Federation

Computer Programming

 

 

 

Siemens Fire & Security Products, S.A.

Subsidiary

Tres Cantos

Spain

Communications Equipment Manufacturing

 

 

 

Siemens Inmobiliaria S.A. de C.V.

Subsidiary

Mexico

Mexico

Computer Programming

 

 

 

Siemens Innovaciones S.A. de C.V.

Subsidiary

Mexico

Mexico

Machinery and Equipment Manufacturing

 

 

 

Siemens Diagnostics Holding II B.V.

Subsidiary

Hague, South Holland

Netherlands

Investment Services

 

 

 

Siemens Healthcare Diagnostics S.r.l

Subsidiary

Milan

Italy

Electromedical and Control Instruments Manufacturing

257.4

312

 

Siemens Healthcare Diagnostics S.A.

Subsidiary

Villa Ballester, Buenos Aires

Argentina

Professional and Commercial Equipment Wholesale

25.1

70

 

Siemens Healthcare Diagnostics S.A.

Subsidiary

Maroussi

Greece

Health and Personal Care Wholesale

37.4

64

 

Siemens Healthcare Diagnostics Pte. Ltd.

Subsidiary

Singapore

Singapore

Health and Personal Care Wholesale

 

22

 

Siemens Konzernbeteiligungen GmbH

Subsidiary

Vienna

Austria

Investment Services

 

 

 

Atecs Mannesmann Unterstutzungskasse GmbH

Subsidiary

Mulheim an der Ruhr

Germany

Investment Services

 

 

 

Berliner Vermogensverwaltung GmbH

Subsidiary

Munich, Bavaria

Germany

Investment Services

 

 

 

Siemens Plant Operations Tahaddart SARL

Subsidiary

Tangiers

Morocco

Architecture and Engineering

 

 

 

Chung Tak Lighting Control Systems (Guangzhou) Ltd.

Subsidiary

Panyu, Guangzhou

China

Electrical Equipment and Appliances Manufacturing

 

 

 

Siemens Wiring Accessories Shandong Ltd.

Subsidiary

Zibo

China

Construction and Hardware Materials Wholesale

 

 

 

Siemens Industry Software (Shanghai) Co., Ltd.

Subsidiary

Shanghai

China

Computer Programming

 

 

 

Td Tech Holding Limited

Subsidiary

Central District, Hong Kong

Hong Kong

Nonclassifiable Establishments

 

 

 

Td Tech Ltd.

Subsidiary

Beijing, Beijing

China

Communications Equipment Manufacturing

 

400

 

Jawa Power Holding GmbH

Subsidiary

Erlangen

Germany

Investment Services

 

 

 

Siemens Beteiligungen USA GmbH

Subsidiary

Munich

Germany

Investment Services

 

 

 

Siemens Holding S.p.A.

Subsidiary

Milan

Italy

Investment Services

 

 

 

Siemens Beteiligungen Inland GmbH

Subsidiary

Munich

Germany

Investment Services

 

 

 

Siemens Ag

Branch

Chemnitz, Sachsen

Germany

Electrical Equipment and Appliances Manufacturing

 

 

 

Demag Delaval Desoil Services (Sherkate Sahami Khass)

Subsidiary

Qeshm

Iran

Investment Services

 

 

 

Siemens Japan Holding K.K.

Subsidiary

Tokyo

Japan

Investment Services

 

 

 

DPC Polska Sp. z o.o. w likwidacji

Subsidiary

Warsaw

Poland

Investment Services

 

 

 

Siemens Product Lifecycle Management Software (AUS) Pty Ltd.

Subsidiary

Melbourne, VIC

Australia

Computer Programming

 

 

 

Siemens Finance B.V.

Subsidiary

Hague

Netherlands

Computer System Design Services

 

 

 

Siemens Immobilien Chemnitz-Voerde GmbH

Subsidiary

Grunwald, Bavaria

Germany

Consulting Services

 

 

 

CAPTA Grundstucksgesellschaft mbH & Co. KG

Subsidiary

Grunwald, Bavaria

Germany

Real Estate Agents and Brokers

 

 

 

R & S Restaurant Services GmbH

Subsidiary

Berlin

Germany

Restaurants and Bars

 

 

 

Petnet Soluciones, S.L.

Subsidiary

Madrid

Spain

Pharmaceutical Manufacturing

 

 

 

Siemens Liegenschaftsverwaltung GmbH

Subsidiary

Vienna

Austria

Investment Services

 

 

 

EDI - USS Umsatzsteuersammelrechnungen und Signaturen GmbH & Co. KG

Subsidiary

Munich

Germany

Investment Services

 

 

 

EDI - USS Verwaltungsgesellschaft mbH

Subsidiary

Munich, Bavaria

Germany

Investment Services

 

 

 

Partikeltherapiezentrum Kiel Holding GmbH

Subsidiary

Erlangen, Bavaria

Germany

Medical Equipment and Supplies

 

 

 

SIMAR Nordost Grundstucks-GmbH

Subsidiary

Munich

Germany

Electrical Equipment and Appliances Manufacturing

 

 

 

VIB Verkehrsinformationsagentur Bayern GmbH

Subsidiary

Munich, Bavaria

Germany

Publishing

 

 

 

UGS Israeli Holdings (Israel) Ltd.

Subsidiary

Jerusalem

Israel

Investment Services

 

 

 

Siemens Industry Software GmbH & Co. KG

Subsidiary

Essen

Germany

Computer Programming

 

 

 

Bewator Holding Ab

Subsidiary

 

 

 

 

 

 

Bewator Group Ab

Subsidiary

 

 

 

 

 

 

Aptus Elektronik AB

Subsidiary

Askim, Västra Götaland

Sweden

Metal Products Manufacturing

15.9

51

 

Cale Group Ab

Subsidiary

 

 

 

 

 

 

Briparc Holdings Ltd.

Subsidiary

Tonbridge

United Kingdom

Miscellaneous Repair and Maintenance

0.6

 

 

Siemens Corporate Finance Private Limited

Subsidiary

 

 

 

 

 

 

Siemens Corporate Finance Private Limited

Branch

Mumbai, Maharashtra

India

Banking

 

 

 

 

 

Competitors Report

 

Company Name

Location

Employees

Ownership

3M Co

St. Paul, Minnesota, United States

87,677

Public

9Ren España Sl

Madrid, Spain

84

Private

ABB Ltd.

Zuerich, Switzerland

146,100

Public

Abbott Laboratories

Abbott Park, Illinois, United States

91,000

Public

Accenture Plc

Dublin, Ireland

257,000

Public

Alcatel Lucent SA

Paris, France

72,344

Public

Alstom SA

Levallois-Perret, France

94,545

Public

AREVA SA

Paris, France

47,000

Public

Avaya Inc.

Basking Ridge, New Jersey, United States

16,818

Private

Beckman Coulter, Inc.

Brea, California, United States

12,000

Public

Bombardier, Inc.

Montreal, Quebec, Canada

71,700

Public

Bull AG

Vienna, Austria

40

Private

Capgemini SA

Paris, France

127,968

Public

Cerner Corporation

North Kansas City, Missouri, United States

11,900

Public

Cisco Systems, Inc.

San Jose, California, United States

66,639

Public

CIT Group Inc.

New York, New York, United States

3,560

Public

Computer Sciences Corporation

Falls Church, Virginia, United States

87,000

Public

Daimler AG

Stuttgart, Germany

276,044

Public

Danieli & C Officine Meccaniche S.p.A.

Buttrio, Italy

10,685

Public

Dassault Systemes S.A.

Velizy Villacoublay, France

10,158

Public

Dell Inc.

Round Rock, Texas, United States

108,800

Public

Dell Services

Plano, Texas, United States

23,100

Private

Denso Corporation

Kariya-Shi, Japan

132,276

Public

Deutsche Telekom AG

Bonn, Germany

229,746

Public

Dover Corp

Downers Grove, Illinois, United States

35,000

Public

Draka Holding NV

Amsterdam, Netherlands

79

Public

Dresser-Rand Group Inc.

Houston, Texas, United States

7,976

Public

Eaton Corporation

Cleveland, Ohio, United States

103,000

Public

Emerson Electric Co.

St. Louis, Missouri, United States

134,900

Public

Exact Holding N.V.

Delft, Netherlands

1,653

Public

Fanuc Corp

Minamitsuru-Gun, Japan

5,261

Public

Fomento de Construcciones y Contratas SA

Barcelona, Spain

85,959

Public

Gamesa Corporacion Tecnologica SA

Zamudio, Spain

6,656

Public

General Electric Company

Fairfield, Connecticut, United States

305,000

Public

Getronics NV

Zoetermeer, Netherlands

4,000

Private

GN Resound A/S

Ballerup, Denmark

3,825

Private

Hewlett-Packard Company

Palo Alto, California, United States

331,800

Public

Hitachi, Ltd.

Chiyoda-Ku, Japan

326,240

Public

Hologic, Inc.

Bedford, Massachusetts, United States

6,157

Public

Honeywell International Inc.

Morristown, New Jersey, United States

132,000

Public

HP Enterprise Services, LLC

Plano, Texas, United States

10,000

Private

Huawei Technologies Co., Ltd.

Shenzhen, China

150,000

Private

Intel Corporation

Santa Clara, California, United States

106,000

Public

International Business Machines Corp.

Armonk, New York, United States

434,246

Public

Invensys plc

London, United Kingdom

20,818

Public

Johnson Controls Inc

Milwaukee, Wisconsin, United States

170,000

Public

Koninklijke Philips NV

Eindhoven, Netherlands

115,281

Public

Koor Industries Limited

Tel Aviv-Yafo, Israel

4,508

Public

Lockheed Martin Corporation

Bethesda, Maryland, United States

120,000

Public

Man SE

Muenchen, Germany

53,769

Public

McKesson Corporation

San Francisco, California, United States

43,500

Public

Microsoft Corporation

Redmond, Washington, United States

99,000

Public

Mitsubishi Corp

Chiyoda-Ku, Japan

65,975

Public

Mitsubishi Electric Corporation

Chiyoda-Ku, Japan

120,958

Public

Mitsubishi Heavy Industries, Ltd.

Minato-Ku, Japan

68,213

Public

Mitsui Engineering & Shipbuilding Co Ltd

Chuo-Ku, Japan

9,881

Public

Motorola Solutions Inc

Schaumburg, Illinois, United States

22,000

Public

Nexans SA

Paris, France

25,080

Public

Nichia Corporation

Tokushima, Japan

6,760

Private

NICHIA STEEL WORKS, LTD.

Amagasaki-Shi, Japan

664

Public

NKT Holding A/S

Broendby, Denmark

8,846

Public

Nokia Oyj

Espoo, Finland

92,874

Public

Northrop Grumman Corporation

Falls Church , Virginia, United States

68,100

Public

Northrop Grumman Information Technology, Inc.

McLean, Virginia, United States

18,500

Private

Oki Electric Industry Co., Ltd.

Minato-Ku, Japan

17,459

Public

Orange Business Netherlands BV

Amsterdam, Netherlands

335

Private

Panasonic Corporation

Kadoma-Shi, Japan

293,742

Public

Parity Group plc

London, United Kingdom

156

Public

Renesas Electronics Corporation

Kawasaki, Kanagawa, Japan

42,800

Public

Robert Bosch GmbH

Gerlingen, Germany

302,519

Private

Roche Diagnostics Corporation

Indianapolis, Indiana, United States

3,500

Private

Roche Holding Ltd.

Basel, Switzerland

82,089

Public

Rockwell Automation

Milwaukee, Wisconsin, United States

22,000

Public

Roundarch Isobar

Chicago, Illinois, United States

450

Private

Schneider Electric SA

Rueil-Malmaison, France

140,000

Public

Societe Generale SA

Paris, France

154,000

Public

Sonova Holding AG

Staefa, Switzerland

8,952

Public

TEKsystems, Inc.

Hanover, Maryland, United States

4,000

Private

Telent Ltd.

Warwick, United Kingdom

1,476

Private

Tellabs, Inc.

Naperville, Illinois, United States

2,525

Public

Texas Instruments Incorporated

Dallas, Texas, United States

34,151

Public

TKH Group NV

Haaksbergen, Netherlands

4,736

Public

Toshiba Corp

Minato-Ku, Japan

206,087

Public

Tyco International Ltd.

Schaffhausen, Switzerland

70,000

Public

Unisys Corporation

Blue Bell, Pennsylvania, United States

22,800

Public

United Technologies Corporation

Hartford, Connecticut, United States

218,000

Public

UTStarcom Holdings Corp.

Beijing, China

822

Public

Varian Medical Systems, Inc.

Palo Alto, California, United States

6,100

Public

Vestas Wind Systems A/S

Aarhus, Denmark

17,196

Public

Visteon Corp

Van Buren Township, Michigan, United States

23,000

Public

Westell Technologies Inc.

Aurora, Illinois, United States

174

Public

William Demant Holding A/S

Smoerum, Denmark

8,025

Public

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Gerhard Cromme

 

Chairman of the Supervisory Board

Chairman

 

Biography:

Dr. Gerhard Cromme has been Chairman of the Supervisory Board at Siemens AG since April 25, 2007. Additionally, he acts as Chairman of the Chairman's Committee, Compliance Committee, Finance and Investment Committee, Nominating Committee as well as Mediation Committee, and as Member of the Audit Committee at the Company. Dr. Cromme joined the Company’s Supervisory Board on January 23, 2003. He holds a degree in Economics and Law from Westfaelische Wilhelms-Universitaet Muenster, Universite de Lausanne as well as Harvard University. Dr. Cromme also occupies the position of Chairman of the Supervisory Board at ThyssenKrupp AG and as Member of the Board at Compagnie de Saint-Gobain S.A and Axel Springer AG.

 

Age: 70

 

Education:

Harvard Business School, PMD (Economics and Law)
Westfaelische Wilhelms-Universitaet Muenster, JD (Law)
Westfaelische Wilhelms-Universitaet Muenster (Economics and Law)

 

Compensation/Salary:280,000

Compensation Currency: EUR

 

Peter Löscher

 

Chairman of the board

Chairman

 

 

Biography:

Mr. Loscher has been the president, a director and the chief executive officer of the company since 2007. From 2006 to 2007, Mr. Loscher served as the president of Global human health at Merck & Co., Inc. Prior to this, he served at General Electric Healthcare Bio-Sciences (GE Healthcare, U.K.) as the president and the chief executive officer. From 2002 to 2004, He served as the president, the chief operating officer and a director of Amersham plc., the UK. He was the chairman, the president, and the chief executive officer of Aventis Pharma Ltd., Japan from 2000 to 2002. Mr. Loscher served at Hoechst group in numerous positions including the managing director for Hoechst Roussel Veterinaria A.I.E., Spain; head Corporate Planning of Hoechst AG, Germany; the president and the chief executive officer of Hoechst Marion Roussel Ltd., UK; and as a project leader for Hoechst AG, Germany from 1988 to 2000.

 

Age: 55

 

Werner Mönius

 

Chairman of the Siemens Europe Committee

Chairman

 

 

Biography:

Mr. Werner Moenius Kern has been Member of the Supervisory Board and Employee Representative at Siemens AG since January 24, 2008. Additionally, he acts as Member of the Finance and Investment Committee of the Company. Mr. Moenius also occupies the position of Chairman of the Works Council at Siemens Healthcare Sector in Erlangen, Germany.

 

Age: 59

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Josef Ackermann

 

Second Deputy Chairman of the Supervisory Board

Vice-Chairman

 

 

Biography:

Dr. Josef Ackermann has been Second Deputy Chairman of the Supervisory Board at Siemens AG since January 23, 2003. In addition, he also acts as Member of the Chairman's Committee, Nominating Committee as well as Mediation Committee of the Company. He holds a Doctorate in Philosophy degree in Economics as well as a degree in Social Sciences from Universitaet St. Gallen. Dr. Ackermann serves as Chairman of the Board of Directors at Zurich Insurance Group AG, Deputy Chairman of the Board at Belenos Clean Power Holding Ltd. in Switzerland, among others.

 

Age: 65

 

Education:

Universitaet St. Gallen, PHD 

 

Compensation/Salary:207,778

Compensation Currency: EUR

 

Social: 

Berthold Huber

 

First Deputy Chairman of the Supervisory Board, Employee Representative

Vice-Chairman

 

 

Biography:

Mr. Berthold Huber has been First Deputy Chairman of the Supervisory Board and Employee Representative of Siemens AG since January 27, 2009. Before that, he acted as Member of the Supervisory Board and Employee Representative at Siemens AG as of July 1, 2004. Moreover, Mr. Huber acts as Member of the Chairman's Committee as well as Mediation Committee at the Company. He occupies the position of First Chairman at IG Metall. In addition to his duties at the Company, Mr. Huber serves as Deputy Chairman of the Supervisory Board at Audi AG and Volkswagen AG, and serves as Member of the Supervisory Board at Porsche Automobile Holding SE.

 

Age: 63

 

Compensation/Salary:220,000

Compensation Currency: EUR

 

Roland Busch

 

Chief Executive Officer, Infrastructure and Cities Sector

Director/Board Member

 

 

Biography:

Dr. Roland Busch has been Member of the Managing Board, as well as Chief Executive Officer (CEO) Infrastructure & Cities Sector and Asia-Pacific at Siemens AG since April 1, 2011. He studied Physics at Friedrich-Alexander-Universitaet in Erlangen-Nuernberg, Germany, and at the Universite de Grenoble, France. He holds diploma in Physics and a Dr. rer. nat. degree. Dr. Busch joined Siemens AG's Corporate Research and Development Department as Project Head in 1994. Subsequently, he switched to Automotive Systems Group, Strategic Planning in 1995. In 1998, he was named Head of Central Quality and Internal Consulting. In 2001, he became Head of Strategy and Consulting and in 2002, Head of Infotainment Solutions Division. In 2005, Dr. Busch was appointed President and Chief Executive Officer of Siemens VDO Automotive Asia Pacific Co. Ltd. Then, in 2007, he became Head of Mass Transit Division at the Transportation Systems Group. From 2008, he served as Head of Corporate Strategies at the Corporate Development Department at Siemens AG. He serves as Chairman and Member of the Supervisory Board at various subsidiaries of Siemens AG worldwide. Moreover, he is Member of the Supervisory Board of OSRAM AG.

 

Age: 48

 

Education:

Friedrich-Alexander-University, PHD (Physics)
Universite de Grenoble, B (Physics)

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Social: 

Robert Kensbock

 

Supervisory Board of Directors

Director/Board Member

 

 

Gerard Mestrallet

 

Supervisory Board of Directors

Director/Board Member

 

 

Guler Sabanci

 

Supervisory Board of Directors

Director/Board Member

 

 

Michael Suess

 

Chief Executive Officer, Energy Sector

Director/Board Member

 

 

Biography:

Dr. Michael Suess has been Member of the Managing Board, as well as Chief Executive Officer (CEO) Energy Sector at Siemens AG since April 1, 2011. He studied Mechanical Engineering at Technische Universitaet Muenchen and obtained Dipl.-Ing. degree. He received his Dr. rer. pol. degree from Institute of Industrial Engineering and Ergonomics, Technische Universitaet Kassel. Dr. Suess started his career at BMW AG as technical specialist in 1986. In 1989, he became Production Engineer at BMW AG, in 1991, he moved to a managerial role in the Production planning at the company and, subsequently in 1992, he became Head of Die Casting. Planning and Methods. In 1995, he was appointed Head of Factory Planning and in 1997, Head of Milling and Engine Construction at Dr. h. c. F. Porsche AG. Dr. Suess was Member of the Management Board for Production and Development at Moessner AG from 1999 until 2001. In 2001, he became Technical & COO, Production, Development, Procurement at MTU Aero Engines GmbH (today MTU Aero Engines Holding AG). He joined Siemens AG, Power Generation Group in 2006 as Member of the Group Executive Management and became CEO Fossil Power Generation Division in the Energy Sector in 2008. He is Member of the Supervisory Board at Herrenknecht AG, KION Group GmbH and KION Holding 1 GmbH.

 

Age: 49

 

Education:

Universitaet Kassel, PHD (Economics)
Technische Universitat Munchen (Mechanical Engineering)

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Social: 

Lord Iain Vallance of Tummel

 

Director of Supervisory Board

Director/Board Member

 

 

 

 

 

Executives

 

Name

Title

Function

 

John Evers

 

CEO, IT Solutions & Services Inc.

Chief Executive Officer

 

Education:

Pamplin School of Business at Virginia Tech., BS (Marketing)

 

Joe Kaeser

 

President and Chief Executive Officer

Chief Executive Officer

 

 

Biography:

Mr. Joe Kaeser has been appointed as Chairman of the Management Board, President, and Chief Executive Officer of Siemens AG as of August 1, 2013. Prior to that, he was Member of the Managing Board and Head of Corporate Finance and Controlling at Siemens AG since May 1, 2006. He was responsible for Financial Services, Siemens Real Estate as well as Equity Investments at the Company. In addition, Mr. Kaeser acts as Member of the Equity and Employee Stock Committee at Siemens AG. He studied Business Administration at the Fachhochschule Regensburg. In 1980, he joined Siemens AG, Components Group. In 1987, Mr. Kaeser joined Siemens Semiconductors, Malacca, Malaysia, as Head of Business Administration Projects. In 1988, he became Head of Business Administration, Discrete Semiconductors at Siemens AG, Semiconductors Group. In 1990, Mr. Kaeser became Head of Business Administration, Opto Semiconductors. In 1995, he became Executive Vice President and Chief Financial Officer of Siemens Microelectronics Inc., San Jose, California. In 1999 he became Head of Performance Controlling at Siemens AG, Corporate Finance, Accounting Unit, Controlling and Taxes. In April 2001, Mr. Kaeser became a Member of the Group Executive Management, Information and Communication Mobile. In October 2004, he became Head of Corporate Strategies. Currently, Mr. Kaeser serves as Chairman of the Supervisory Board at BSH Bosch und Siemens Hausgeraete GmbH. Furthermore, he acts as Supervisory Board Member at OSRAM AG, Nokia Siemens Networks B.V., Siemens Aktiengesellschaft Oesterreich as well as Siemens Ltd. Mr. Kaeser also occupies the position of Deputy Chairman of the Board at Siemens Corp.

 

Age: 56

 

Education:

Fachhochschule Regensburg (Business Administration)

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Social: 

Markus Tacke

 

Chief Executive Officer

Chief Executive Officer

 

 

Raj Batra

 

President, Industry Automation Division - Siemens Corporation

Division Head Executive

 

 

Education:

Lawrence Technological University, bachelor's (Electrical Engineering)
University of Michigan, master's (Business Administration)

 

Roland Busch

 

Chief Executive Officer, Infrastructure and Cities Sector

Division Head Executive

 

 

Biography:

Dr. Roland Busch has been Member of the Managing Board, as well as Chief Executive Officer (CEO) Infrastructure & Cities Sector and Asia-Pacific at Siemens AG since April 1, 2011. He studied Physics at Friedrich-Alexander-Universitaet in Erlangen-Nuernberg, Germany, and at the Universite de Grenoble, France. He holds diploma in Physics and a Dr. rer. nat. degree. Dr. Busch joined Siemens AG's Corporate Research and Development Department as Project Head in 1994. Subsequently, he switched to Automotive Systems Group, Strategic Planning in 1995. In 1998, he was named Head of Central Quality and Internal Consulting. In 2001, he became Head of Strategy and Consulting and in 2002, Head of Infotainment Solutions Division. In 2005, Dr. Busch was appointed President and Chief Executive Officer of Siemens VDO Automotive Asia Pacific Co. Ltd. Then, in 2007, he became Head of Mass Transit Division at the Transportation Systems Group. From 2008, he served as Head of Corporate Strategies at the Corporate Development Department at Siemens AG. He serves as Chairman and Member of the Supervisory Board at various subsidiaries of Siemens AG worldwide. Moreover, he is Member of the Supervisory Board of OSRAM AG.

 

Age: 48

 

Education:

Friedrich-Alexander-University, PHD (Physics)
Universite de Grenoble, B (Physics)

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Social: 

Michael Cahill                             

 

President, Rail Systems Division - Siemens Industry Inc

Division Head Executive

 

 

Ralf Christian

 

Chief Executive Officer, Siemens Low and Medium Voltage Division

Division Head Executive

 

 

Education:

University of Karlsruhe (Industrial Engineering)

 

Wolfgang Dehen

 

President and Chief Executive Officer, Osram

Division Head Executive

 

 

Education:

University of Siegen (Business Administration)

 

Daryl Dulaney

 

Chief Executive Officer, Infrastructure and Cities Sector, USA

Division Head Executive

 

 

Jochen Eickholt

 

Chief Executive Officer, Rail Systems Division - Infrastructure and Cities Sector

Division Head Executive

 

 

Thierry Godart

 

President, Smart Grid Division, Siemens Energy - North America

Division Head Executive

 

 

Terry Heath

 

President, Mobility and Logistics Division - Siemens Infrastructure & Cities

Division Head Executive

 

 

Anton S Huber

 

Chief Executive Officer, Industry Automation Division

Division Head Executive

 

 

Terrance Ivers

 

CEO, Compression and Solutions Business Unit

Division Head Executive

 

 

Education:

University of Houston's Cullen College of Engineering, BS (Mechanical Engineering)

 

Rao Jagganath

 

President, Customer Services Division - Siemens Industry Inc

Division Head Executive

 

 

Doug Keith

 

President, Drive Technologies - Siemens Industry Inc

Division Head Executive

 

 

Education:

North Carolina State University, bachelor's (Mechanical Engineering)
European School of Management and Technology
North Carolina State University, bachelor's (Mechanical Engineering)

 

Helmuth Ludwig

 

Chief Executive Officer, Siemens Industry - North America

Division Head Executive

 

 

Education:

Christian-Albrechts-University, PhD (Political Science)
University of Karlsruhe, MS (Industrial Engineering)
University of Chicago, MBA 

 

Bernd Montag

 

Chief Executive Officer, Imaging and Therapy Systems

Division Head Executive

 

 

Roger Radke

 

Chief Executive Officer, Siemens Audiology Solutions

Division Head Executive

 

 

Education:

University of Muenster ( Germany ), MS (Chemistry)
University of Muenster ( Germany ), PhD (Chemistry)

 

Social: 

Michael Reitermann

 

Chief Executive Officer, Healthcare Diagnostics

Division Head Executive

 

 

Karlheinz Springer

 

Chief Executive Officer, Power Transmission Division

Division Head Executive

 

 

Michael Suess

 

Chief Executive Officer, Energy Sector

Division Head Executive

 

 

Biography:

Dr. Michael Suess has been Member of the Managing Board, as well as Chief Executive Officer (CEO) Energy Sector at Siemens AG since April 1, 2011. He studied Mechanical Engineering at Technische Universitaet Muenchen and obtained Dipl.-Ing. degree. He received his Dr. rer. pol. degree from Institute of Industrial Engineering and Ergonomics, Technische Universitaet Kassel. Dr. Suess started his career at BMW AG as technical specialist in 1986. In 1989, he became Production Engineer at BMW AG, in 1991, he moved to a managerial role in the Production planning at the company and, subsequently in 1992, he became Head of Die Casting. Planning and Methods. In 1995, he was appointed Head of Factory Planning and in 1997, Head of Milling and Engine Construction at Dr. h. c. F. Porsche AG. Dr. Suess was Member of the Management Board for Production and Development at Moessner AG from 1999 until 2001. In 2001, he became Technical & COO, Production, Development, Procurement at MTU Aero Engines GmbH (today MTU Aero Engines Holding AG). He joined Siemens AG, Power Generation Group in 2006 as Member of the Group Executive Management and became CEO Fossil Power Generation Division in the Energy Sector in 2008. He is Member of the Supervisory Board at Herrenknecht AG, KION Group GmbH and KION Holding 1 GmbH.

 

Age: 49

 

Education:

Universitaet Kassel, PHD (Economics)
Technische Universitat Munchen (Mechanical Engineering)

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Social: 

René Umlauft

 

Chief Executive Officer, Renewable Energy Division

Division Head Executive

 

 

Education:

Technical University, mechanical engineering 
TU, doctorate 

 

Kay Zwingenberger

 

Chief Executive Officer, Siemens LLC - UAE

Division Head Executive

 

 

Randy Zwirn

 

Chief Executive Officer, Energy Service

Division Head Executive

 

 

Lothar Adler

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Mr. Lothar Adler has been Member of the Supervisory Board and Employee Representative at Siemens AG since January 23, 2003. In addition, he acts as Member of the Chairman's Committee, Compliance Committee, Finance and Investment Committee as well as Mediation Committee of the Company. Since December 9, 2008 Mr. Adler has been Chairman of the Central Works Council of Siemens AG.

 

Age: 64

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Jean-Louis Beffa

 

Member of the Supervisory Board

Administration Executive

 

 

Biography:

Mr. Jean-Louis Beffa has been Member of the Supervisory Board at Siemens AG since January 24, 2008. Additionally, he acts as Member of the Finance and Investment Committee of the Company. Mr. Beffa holds degrees from Institut d'Etudes Politiques de Paris, Ecole NationaleSuperieure du Petrole as well as Ecole Polytechnique. Mr. Beffa occupies the position of Chairman of the Board at Claude Bernard Participations SAS as well as JL2B Conseils. Furthermore, he serves as Honorary Honorary Chairman of Compagnie de Saint-Gobain, Member of the Board of GDF SUEZ S.A., Groupe Bruxelles Lambert, Le Monde S.A., Le Monde & Partenaires Associes S.A.S., Saint-Gobain Corporation and Societe Editrice du Monde S.A.

 

Age: 71

 

Education:

Institut d'Etudes Politiques de Paris
Ecole Nationale Superieure du Petrole
Ecole Polytechnique (Mining Engineering)

 

Compensation/Salary:132,222

Compensation Currency: EUR

 

Roland Chalons-Browne

 

Financial Services

Administration Executive

 

 

Michael Diekmann

 

Member of the Supervisory Board

Administration Executive

 

 

Biography:

Mr. Michael Diekmann has been Member of the Supervisory Board at Siemens AG since January 24, 2008. He holds an LLB degree in Law as well as a Bachelor of Arts degree in Philosophy from Georg-August-Universitaet Goettingen. In addition to his duties at the Company, he occupies the position of Chairman of the Board of Management at Allianz SE. Mr. Diekmann is also Chairman of the Supervisory Board of Allianz Asset Management AG and Deputy Chairman of the Supervisory Board of BASF SE as well as Linde AG. Furthermore, Mr. Diekmann acts as Deputy Chairman of the Board of Allianz France SA and as Board Member of Allianz S.p.A.

 

Age: 58

 

Education:

Georg-August-Universitaet Goettingen, LLB (Law)
Georg-August-Universitaet Goettingen, BA (Philosophy)

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Social: 

Brigitte Ederer

 

Member of the Managing Board, Head of Corporate Human Resources and Labor Director

Administration Executive

 

 

Biography:

Ms. Brigitte Ederer has been Member of the Managing Board, Head of Corporate Human Resources and Labor Director at Siemens AG since July 1, 2010. She is also responsible for Europe and Commonwealth of Independent States at the Company. Additionally, Ms. Ederer acts as Member of the Equity and Employee Stock Committee of Siemens AG. Ms. Ederer holds a degree in Economics from Universitaet Wien. She occupies the position of Chairwoman of the Board at Siemens Aktiengesellschaft Oesterreich, Siemens Nederland N.V. and Siemens S.A. She is also Deputy Chairwoman of the Board of Siemens Holding S.p.A and Siemens S.p.A.. Moreover, Ms. Ederer serves as Board Member at Boehringer Ingelheim RCV GmbH, Oesterreichische Industrieholding AG (OEIAG), Siemens France Holding S.A.S., Siemens Holdings plc as well as Siemens Sanayi ve Ticaret A.S., among others.

 

Age: 57

 

Education:

Universitaet Wien (Economics)

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Hans Michael Gaul

 

Member of the Supervisory Board

Administration Executive

 

 

Biography:

Dr. Hans Michael Gaul has been Member of the Supervisory Board at Siemens AG since January 24, 2008. In addition, he also acts as Chairman of the Audit Committee and as Member of the Compliance Committee as well as Nominating Committee of the Company He is Deputy Chairman of the Supervisory Board at BDO AG Wirtschaftspruefungsgesellschaftc. Dr. Gaul also serves as Member of the Supervisory Board at Evonik Industries AG in Essenand HSBC Trinkaus & Burkhardt AG in Duesseldorf.

 

Age: 71

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Peter Gruss

 

Member of the Supervisory Board

Administration Executive

 

 

Biography:

Prof. Dr. Peter Gruss has been Member of the Supervisory Board at Siemens AG since January 24, 2008. He is President of the Max Planck Society for the Advancement of Science e.V. Furthermore, Prof. Dr. Gruss acts as Member of the Supervisory Board of Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Munich. He also serves on the Board of Actelion Ltd., Switzerland. Until September 30, 2008, he was Member of the Supervisory Board of DeveloGen AG in Goettingen.

 

Age: 63

 

Education:

Universitat Heidelberg, PHD (Biology)

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Bettina Haller

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Ms. Bettina Haller has been Member of the Supervisory Board and Employee Representative at Siemens AG since April 1, 2007. Additionally, she acts as Member of the Audit Committee and Compliance Committee of the Company. Ms. Haller is Chairwoman of the Combine Works Council of Siemens AG.

 

Age: 54

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Hans-Juergen Hartung

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Mr. Hans-Juergen Hartung has been Member of the Supervisory Board and Employee Representative at Siemens AG since January 27, 2009. He is Chairman of the Works Council at Siemens Energy Sector in Erlangen, Germany.

 

Age: 61

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Klaus Helmrich

 

Member of the Managing Board, Chief Technology Officer, Head of Corporate Technology

Administration Executive

 

 

Biography:

Mr. Klaus Helmrich has been Member of the Managing Board, Chief Technology Officer and Head of Corporate Technology of Siemens AG since April 1, 2011. He studied Electrical Engineering and graduated with a Dipl.-Ing. (FH) degree. Mr. Helmrich started his career in 1986 with Siemens AG as System Development Engineer in the Energy and Automation Group. In 1989, he became Design Engineer at the Semiconductor Group and in 1991, he joined the Automation Group, where he was engaged in the Technical Sales Order Processing and, subsequently, became Head of Development Department in 1995. Between 1997 and 2008, Mr. Helmrich held various management positions in the Automation and Drives Group, Nuremberg, Erlangen and Berlin, Germany, and Atlanta, the United States, with last position as Head of Standard Drives Subdivision. In 2008, he was appointed Chief Executive Officer of the Drive Technologies Division in the Industry Sector. He serves as Member of the Supervisory Board of EOS Holding AG, BSH Bosch und Siemens Hausgeraete GmbH, as well as Chairman of the Supervisory Board of Siemens Technology and Services Private Ltd., India.

 

Age: 54

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Harald Kern

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Mr. Harald Kern has been Member of the Supervisory Board and Employee Representative at Siemens AG since January 24, 2008. He is Chairman of the Siemens Europe Committee.

 

Age: 53

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Social: 

Juergen Kerner

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Mr. Juergen Kerner has been Member of the Supervisory Board and Employee Representative at Siemens AG since January 25, 2012. He is Member of the Audit Committee and the Finance and Investment Committee at the Company. He is Executive Managing Board Member of IG Metall. Moreover, he serves as Member of the Supervisory Board of MAN SE and Deputy Chairman of the Supervisory Board of Premium Aerotec GmbH.

 

Age: 44

 

Compensation/Salary:105,000

Compensation Currency: EUR

 

Barbara Kux

 

Member of the Managing Board, Chief Sustainability Officer, Head of Supply Chain Management

Administration Executive

 

 

Biography:

Ms. Barbara Kux has been Member of the Managing Board, Chief Sustainability Officer and Head of Supply Chain Management of Siemens AG since November 17, 2008. She is also responsible for Global Shared Services at the Company. Ms. Kux holds a Master of Business Administration degree with Distinction from INSEAD Fontainebleau. In 1978, she joined a Nestle Deutschland subsidiary as Marketing Manager. In 1984, she became a Management Consultant and Engagement Manager at McKinsey & Company, inc., Dusseldorf. In 1989, Ms. Kux became Vice President for Eastern Europe and President ABB Power Ventures at Asea Brown Boveri AG, Zurich. In 1993, she joined Nestle S.A., Vevey, Switzerland, as Vice President for Central and Eastern Europe and President Nestle Holding Poland. In 1995, she was invited to join the group of Global Leaders of Tomorrow at the World Economic Forum in Davos. In 1999, Ms. Kux became Executive Director Central European Sales Operations and Executive Director Ford of Europe with responsibility for operational synergies at Ford Motor Company, Vienna and Cologne. In 2003, she joined Royal Philips Electronics N.V, Amsterdam, Netherlands, as a Member of the Group Management Committee and Chief Procurement Officer and from 2005, was also responsible for sustainability and green business. Until October 12, 2010 Ms. Kux was active as Member of the Board of Firmenich International SA. Unitl October 20, 2011 she served as as Member of the Supervisory Board at ZF Friedrichshafen AG. She is Member of the Supervisory Board at Total S.A., France, and also serves on the Board of Nokia Siemens Networks B.V., the Netherlands.

 

Age: 59

 

Education:

INSEAD or Institut Europeen d'Administration des Affaires, France, MBA 

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Nicola Leibinger-Kammueller

 

Member of the Supervisory Board

Administration Executive

 

 

Biography:

Dr. Nicola Leibinger-Kammueller has been Member of the Supervisory Board at Siemens AG since January 24, 2008. She is President and Chairwoman of the Managing Board of TRUMPF GmbH + Co. KG, Gerlingen. Moreover, Dr. Leibinger-Kammueller serves as Member of the Supervisory Board at Axel Springer AG, Deutsche Lufthansa AG as well as Voith GmbH.

 

Age: 53

 

Compensation/Salary:132,222

Compensation Currency: EUR

 

Johannes Milde

 

Bereichsvorstand Building Technologies

Administration Executive

 

 

Social: 

Hermann Requardt

 

Member of the Managing Board, Chief Executive Officer of Healthcare Sector

Administration Executive

 

 

Biography:

Prof. Dr. Hermann Requardt has been Member of the Managing Board and Chief Executive Officer (CEO) of Healthcare Sector at Siemens AG since December 2008. Prior to that, he served as Member of the Managing Board and Head of Corporate Technology at the Company from since May 1, 2006. He studied Physics at Technische Universitaet Darmstadt and Johann Wolfgang Goethe-Universitaet Frankfurt am Main. In 1979, Prof. Dr. Requardt became an Academic Assistant at Frankfurt University. In 1982, he became a Research Assistant at Deutsche Forschungs- und Versuchsanstalt f. Luft- und Raumfahrt e.V., Institute for Aviation Medicine. In 1984, Prof. Dr. Requardt joined Siemens AG, Medical Engineering Group, Sectional Imaging Division, Development for Nuclear Spin Tomography Physics, Imaging Systems and Magnetic Resonance as a Researcher. In 1989, he became Head of Development in the Magnetic Resonance Division. In 1991, Prof. Dr. Requardt became Head of Project Management in the Magnetic Resonance Division. In 1992, he became Head of High-Field Systems Development. In 1993, Prof. Dr. Requardt became Project Head of Pilot Project for Development, Production and Marketing of Surface Coils. In 1995, he became Head of the Magnetic Resonance Division. In January 2001, he became a Member of the Group Executive Management of the Medical Solutions Group. In June 2006, Prof. Dr. Requardt gained an Honorary Professorship at Johann Wolfgang Goethe University in Frankfurt, Germany, in Physics. Currently, he occupies the position of Chairman of the Board at Siemens Japan Holding K.K., Siemens Japan K.K., as well as Siemens Medical Solutions USA, Inc. Moreover, he serves as Board Member at Software Aktiengesellschaft, OSRAM AG and Siemens Healthcare Diagnostics Inc.

 

Age: 58

 

Education:

Johann Wolfgang Goethe-Universitaet Frankfurt am Main, PHD (Physics)
Technische Universitaet Darmstadt (Physics)

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Siegfried Russwurm

 

Member of the Managing Board, Chief Executive Officer of Industry Sector

Administration Executive

 

 

Biography:

Prof. Dr. Siegfried Russwurm has been Member of the Managing Board and Chief Executive Officer (CEO) of Industry Sector at Siemens AG since July 1, 2010. His responsibilities also include Corporate Security Office, Corporate Information Technology (IT), Corporate Quality Management (CQM), as well as Africa and Middle East at the Company. He joined the Company’s Managing Board as Member, Head of Human Resources and Labor Director on January 1, 2008. He studied Production Engineering. In 1988, Prof. Dr. Russwurm became a Research Assistant at the Universitaet Erlangen-Nuremberg, Department of Engineering Mechanics. In 1989, he became a Research Associate at the Universitaet Erlangen-Nuremberg, Department of Engineering Mechanics. In 1992, he joined Siemens AG in the Medical Engineering Group, Radiographic Systems Division. Process Planning, Assembly and Control Department, Kemnath, Germany. In 1999, Prof. Dr. Russwurm became Head of Electromedical Systems Division, Sweden and United States, at Siemens Elema AB, Solna, Sweden. In January 2003, he became Head of Motion Control Systems Division in the Automation and Drives Group, Erlangen, Germany. In May 2006 Prof. Dr. Russwurm became a Member of the Group Executive Management of Medical Solutions. Currently, he holds the position of Chairman of the Board at OSRAM AG, Siemens Ltd., South Africa and Siemens Industry, Inc., the United States. He is also Deputy Chairman of the Board of Arabia Electric Ltd. (Equipment) Ltd. and Siemens Ltd. in Saudi Arabia. Furthermore, Prof. Dr. Russwurm serves as Board Member at Deutsche Messe Aktiengesellschaft, BSH Bosch und Siemens Hausgeraete GmbH and Siemens Ltd. in China, among others.

 

Age: 49

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Hakan Samuelsson

 

Member of the Supervisory Board

Administration Executive

 

 

Biography:

Mr. Hakan Samuelsson has been Member of the Supervisory Board at Siemens AG since January 24, 2008. Additionally, he acts as Member of the Finance and Investment Committee of the Company. Mr. Samuelsson holds a Master of Science degree in Mechanical Engineering from Kungliga Tekniska Hogskolan - KTH. Currently, he occupies the position of Chairman of the Supervisory Board at Scandferries Holding GmbH as well as Scandlines GmbH. Since October 19, 2012 he has also been President and Chief Executive Officer of Volvo Car Corporation.

 

Age: 61

 

Education:

Kungliga Tekniska Hogskolan - KTH, MS (Mechanical Engineering)

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Rainer Sieg

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Dr. Rainer Sieg has been Member of the Supervisory Board and Employee Representative at Siemens AG since January 24, 2008. Additionally, Dr. Sieg acts as Chairman of the Committee of Spokespersons of Siemens Group and Chairman of the Central Committee of Spokespersons at Siemens AG.

 

Age: 64

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Peter Y Solmssen

 

Member of the Managing Board, Head of Corporate Legal and Compliance

Administration Executive

 

 

Biography:

Mr. Peter Y. Solmssen has been Member of the Managing Board and Head of Corporate Legal and Compliance at Siemens AG since October 1, 2007. He is also responsible for Corporate Data Protection and Americas at the Company. Mr. Solmssen holds an A.B., magna cum laude from Harvard University, Cambridge, Massachusetts, the United States of America; a Knox Fellowship from Oxford University, United Kingdom; and a J. D., cum laude from the University of Pennsylvania, Philadelphia, United States of America. In 1980, Mr. Solmssen became a law clerk at the United States Federal District Court Judge Clarence C. Newcomer. Philadelphia, United States of America. In 1982, he became an Attorney specializing in securities law at Ballard, Spahr, Andrews & Ingersoll, Philadelphia. In 1989, he became a Senior Partner at Morgan, Lewis & Bockius LLP, Philadelphia. In 1998, Mr. Solmssen became Vice President and General Counsel of General Electric Company (GE) - GE Plastics, Pittsfield, United States of America. In 2002, he became Vice President and General Counsel of General Electric Company - GE Medical Systems, Waukesha, United States of America. In 2004, Mr. Solmssen became Executive Vice President and General Counsel of General Electric Company - GE Healthcare, Chalfont St. Giles, United Kingdom. Currently, he occupies the position of Chairman of the Board at Siemens Corp. and Siemens S.A., Colombia. Furthermore, Mr. Solmssen also serves as Member of the Board at Nokia Siemens Networks B.V. and OSRAM AG.

 

Age: 58

 

Education:

Harvard University, AB 
University of Pennsylvania, JD 
University of Oxford

 

Compensation/Salary:900,000

Compensation Currency: EUR

 

Birgit Steinborn

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Ms. Birgit Steinborn has been Member of the Supervisory Board and Employee Representative at Siemens AG since January 24, 2008. Additionally, she acts as Member of the Audit as well as Finance and Investment Committee of the Company. Ms. Steinborn is Deputy Chairwoman of the Central Works Council of Siemens AG.

 

Age: 53

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Gerd von Brandenstein

 

Member of the Supervisory Board

Administration Executive

 

 

Biography:

Mr. Gerd von Brandenstein has been Member of the Supervisory Board at Siemens AG since January 24, 2008. In addition, he acts as Member of the Finance and Investment Committee of the Company. He is an Economist. Mr. von Brandestein serves as Member of the Supervisory Board at degewo Aktiengesellschaft.

 

Age: 71

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Sibylle Wankel

 

Member of the Supervisory Board, Employee Representative

Administration Executive

 

 

Biography:

Ms. Sibylle Wankel has been Member of the Supervisory Board and Employee Representative at Siemens AG since April 1, 2009. Additionally, she is Member of the Compliance Committee of the Company. Ms. Wankel also serves as Member of the Supervisory at Vaillant GmbH in Remscheid. Furthermore, she is active within IG Metall. Ms. Wankel is an Attorney.

 

Age: 49

 

Compensation/Salary:140,000

Compensation Currency: EUR

 

Michael Gross

 

Senior Vice President, Industry Sector

Customer Service Executive

 

 

Tom Kopanski

 

Senior Vice President, Sales—USA

Sales Executive

 

 

Education:

Marquette University, BS (Electrical Engineering)
Marquette University, MBA 

 

Goldman Sachs

 

Financial Adviser - Sale

Sales Executive

 

 

Mariel Von Drathen

 

Head - Investor Relations

Investor Relations Executive

 

 

Hans-Jörg Grundmann

 

Chief Compliance Officer

Legal Executive

 

 

Klaus Moosmayer

 

Chief Counsel Compliance

Legal Executive

 

 

Josef Winter

 

Chief Compliance Officer

Legal Executive

 

 

Aashish Gupta

 

Metals Technologies Global Segment Head, Casting and Rolling

Other

 

 

Albrecht Neumann

 

Vice President Metals Technologies Business Unit

Other

 

 

Alejandro Preinfalk

 

Executive Vice President, Siemens Mesoamerica

Other

 

 

 

 

Significant Developments

 

Siemens AG, Robert Bosch GmbH JV Recall Five Million Dishwashers On Risk Of Fire Sep 05, 2013

 

reported that A joint venture (JV) of Siemens AG and Robert Bosch GmbH is recalling five million dishwashers worldwide, having discovered that a faulty electrical part poses a fire hazard. There have been problems with the dishwashers, branded Bosch, Siemens, Neff, Constructa and Junker+Ruh, overheating for years already, but they had so far been assumed to be caused by issues related to local power grids, a spokeswoman for the joint venture, BSH Bosch und Siemens Hausgeraete, said. The incidents occurred in Britain, Australia, New Zealand, Taiwan and Ireland, and BSH for the first time recalled dishwashers in the United States in 2009, she said. Bosch and Siemens hold equal shares in the joint venture.

 

Siemens AG Bags Two Orders Of INR1440 Million From Bangladesh-Business Standard Aug 19, 2013

 

Business Standard Reported that Siemens AG has won two contracts worth INR1440 million for improving power distribution in Bangladesh. Siemens has won two contracts aggregating INR144o million from Rural Electrification Board, Bangladesh to construct 38 new substations, the Company said in a statement. The projects are funded by Japan Bank for International Cooperation Agency (JICA) and are to be delivered on a turnkey basis, the statement said adding that the plants would be located in the Rajshahi Barisal zones in western Bangladesh. The projects involve installing new and improving existing distribution facilities in the rural region west of Jamuna river.

Koninklijke BAM Groep NV's BAM Infratechniek Mobiliteit And Siemens AG's Siemens Nederland Receive Orders


For Stadsbaantunnel Leidsche Rijn-DJ Aug 16, 2013

 

Dow Jones reported that Koninklijke BAM Groep NV's division BAM Infratechniek Mobiliteit together with Siemens AG's Siemens Nederland has received a contract for the design, construction and maintenance of the traffic and tunnel technical installations for Stadsbaantunnel Leidsche Rijn. The total value of the contract is EUR 11.5 million. The payout is divided into 50/50. Within the contract also the maintenance of three years is included and the option to extend for seven years. The tunnel is expected to be completed in the second half of 2015.

 

Brazil State To Sue Siemens AG For Price Fixing Aug 14, 2013 reported that Brazil's Spo Paulo state will sue Siemens AG to recoup public funds its governor said it lost to a cartel that fixed prices for public transit construction, equipment and upkeep. 'We are going to open a case against Siemens for damages to public coffers and the state of Spo Paulo and to demand total reimbursement,' Governor Geraldo Alckmin told reporters. The lawsuit will be based on information in a complaint against Siemens filed with Brazil's anti-trust agency by Brazil's National Subway Operators Association, he said.

 

Siemens AG Receives Order For Yamal LNG Project In Russia Aug 07, 2013

 

Siemens AG announced that it will deliver the key components for a power station that is going to supply the future Yamal LNG (Liquified Natural Gas) production plant in Northern Russia with electricity and heat. The Siemens scope of supply comprises the design, manufacture, factory testing, delivery, installation and commissioning of eight SGT-800 industrial gas turbines as well as nine step-up transformers. Four of these turbines will additionally be equipped with waste heat recovery units. The power plant will have an electrical output of 376 megawatts (MWe). The order has been placed by the Russian engineering company Technopromexport (TPE), which is a wholly owned subsidiary of Rostec State Corporation. TPE is an EPC company which is recognized as the winner for the above project based on the results of the tender. Located onshore, in the Arctic area of the Yamal Peninsula in the North of Western Siberia, the Yamal LNG project is to develop the wet gas resources of the Yamal-Nenets region. Shareholders of the plant operator OJSC Yamal LNG are the Russian electric company OJSC NOVATEK (80%) and the French Total (20%).

 

Nokia Oyj Completes Acquisition of Siemens AG's Stake in Joint Venture, Nokia Siemens Networks Aug 07, 2013

 

Nokia Oyj announced that the company has completed the acquisition of Siemens AG's stake in Nokia Siemens Networks. The transaction was originally announced on July 1, 2013. In accordance with this transaction, the Siemens name is being phased out from Nokia Siemens Networks' company name and branding. The new name and brand is Nokia Solutions and Networks, also referred to as NSN.

 

Siemens AG And Consortium Receives Repeat Order For Gurgaon Metro Aug 06, 2013

 

Siemens Ltd announced that a consortium comprising Siemens AG and Siemens Ltd, China has won an order for a turnkey project worth approximately EUR70 million or from IL&FS Rail Ltd. (a subsidiary of Infrastructure Leasing and Financial Services Ltd,), The share of the order value for Siemens Ltd. is INR1.841 Billion. The project involves extension of the Gurgaon Metro line with a new southern line, which is around seven kilometers long. The new line will add six stations in the south-east of Gurgaon.

 

Siemens AG Announces Change of CEO, President of Managing Board and CFO Jul 31, 2013

 

Siemens AG announced that Mr. Joe Kaeser, Chief Financial Officer (CFO) of Siemens AG since 2006, is designated as the new President of Managing Board and Chief Executive Officer (CEO) of Siemens AG, effective August 1, 2013. The current President of the Company's Managing Board and CEO, Mr. Peter Loescher resigns and leaves the Board of Siemens AG by mutual agreement. A new CFO will be appointed in due course.


 

Nokia Oyj Updates on Acquisition of Siemens AG' Stake in Joint Venture, Nokia Siemens Networks Jul 18, 2013

 

Nokia Oyj announced that Nokia's acquisition of Siemens AG' entire 50% stake in their joint venture, Nokia Siemens Networks, that was announced on July 1, 2013, has been approved by the Board of Directors of Nokia as well as the Managing and Supervisory Boards of Siemens. The transaction is now subject to the customary regulatory approval process.

 

Nokia Oyj and Siemens AG's Joint Venture Expands 2G Network in Iraq Jul 18, 2013

 

Nokia Siemens Networks (NSN), a joint venture between Nokia Oyj and Siemens AG, announced that Korek Telecom in Iraq has chosen NSN to deploy radio, microwave transmission and packet core network elements, using NSN's services. The operator has also renewed its care and managed services contract with the company. Financial details were not disclosed.

 

CDNetworks and Nokia Siemens Networks, Joint Venture of Nokia Oyj and Siemens AG, Agree on Collaboration around Liquid Applications and Operator Content Delivery Networks Jul 15, 2013

 

Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, announced that the company and CDNetworks have signed a Memorandum of Understanding (MoU) on a set of common objectives around Liquid Applications and operator Content Delivery Networks (CDN). The intent of the collaboration is to further enhance Liquid Applications for content acceleration and content personalization, making use of such capabilities as location and referral, as well as awareness of user behavior and real-time network conditions. Nokia Siemens Networks and CDNetworks will together create a set of new technologies that fully deploy these capabilities to drive a step change in the mobile broadband experience and open up new revenue opportunities for operators. Mobile broadband customers will benefit from faster loading times and improved latency that contribute to a more responsive service experience.

 

Claro Chile Selects Nokia Oyj and Siemens AG's Joint Venture for LTE Radio Access Network-Datamonitor Technology Wire Jul 10, 2013

 

Datamonitor Technology Wire reported that Claro Chile, a wholly-owned subsidiary of the America Movil group, has selected Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, for LTE radio access network in Chile. The scope of the contract included LTE radio access network featuring NSN's Flexi Multiradio 10 Base Stations, NetAct management system, Evolved Packet Core (EPC) network and care hardware and competence development services. Financial details were not disclosed.

 

Siemens AG And Stadler Mull Joint Venture-Times Of India Jul 08, 2013

 

Times Of India reported that Siemens AG and Swiss rail company Stadler are considering a Joint Venture to bundle all business projects in short and long-distance traffic, Wirtschaftswoche reported. Siemens nor Stadler were willing to comment on possible cooperation.

 

Nokia Oyj and Siemens AG's Joint Venture Nokia Siemens Networks Extends Partnership with Mobile TeleSystems in Russia Jul 03, 2013

 

Nokia Siemens Networks (NSN), a joint venture between Nokia Oyj and Siemens AG, announced that the company is extending its partnership with Mobile TeleSystems (MTS) by deploying Frequency Division Duplex - Long Term Evolution (FDD LTE) in the Moscow and Central Russia regions during the third quarter of 2013. The operator utilizes NSN's 2600 MHz and 800 MHz frequency bands for increased capacity, addressing the growing demand for mobile broadband services. Under the contract, Nokia Siemens Networks will be the sole supplier of FDD LTE radio access, IP core network equipment and services.

Siemens Ltd and Siemens AG Consortium Wins Order Worth INR2.48 Billion From Delhi Metro Rail Corporation For Electrification Of Phase Ill Of Delhi Mass Rapid Transport System Jul 01, 2013

 

Siemens Ltd announced that a consortium comprising of Siemens Ltd and Siemens AG has bagged an order worth INR2.48 billion from Delhi Metro Rail Corporation for the electrification of Phase Ill of the Delhi Mass Rapid Transport System (MRTS). Out of the total order value, the value for Siemens Ltd is INR1.76 billion and for Siemens AG it is INR720 million.

 

Nokia Oyj And Siemens AG Joint Venture Nokia Siemens Networks Plans To Sell Manufacturing Assets-DJ Jul 01, 2013

 

Dow Jones reported that according to Finnish newspaper, Nokia Siemens Networks, the joint venture of Nokia Oyj and Siemens AG, is aiming to sell its manufacturing assets to contract manufacturers in a tender to raise cash and release working capital. Companies participating in the tender are Foxconn Technology Co., Flextronics International Ltd., Sanmina-SCI Corp. and Jabil Circuit Inc., Helsingin Sanomat reported, citing confidential NSN documents it had seen. According to the newspaper, the tender was scheduled to close at the end of June. NSN will choose two of the four participants to whom the assets will be sold.

 

Nokia Oyj To Buy Siemens AG's Stake In Joint Venture Jul 01, 2013

 

reported that Nokia Oyj said it has agreed to buy Siemens AG's stake in their Joint Venture Nokia Siemens Networks (NSN) for EUR1.7 billion ($2.2 billion). Nokia said it expected to close the transaction during the third quarter of 2013. Upon closing of the planned acquisition, Nokia Siemens Networks will become a wholly owned subsidiary of Nokia. The purchase price totals EUR1.7 billion, of which EUR1.2 billion will be paid in cash at the closing of the transaction. The balance of EUR0.5 billion will be paid in the form of a secured loan from Siemens due one year from closing. Nokia has obtained committed bank financing for the EUR1.2 billion cash portion.

 

Siemens AG Secures Contract To Supply, Install Turbines For South Kent Wind Project In Ontario Jun 24, 2013

 

Siemens AG announced that it has been awarded an order from Samsung Heavy Industries Company Limited's (Seoul, South Korea) Renewable Energy Group in Ontario and Pattern Energy Group (Houston, Texas) to supply and install 124 Ontario-made wind turbines for the South Kent Wind Project.

 

Valeo SA To Buy Siemens AG's Osram Stake In Valeo Sylvania-DJ Jun 18, 2013

 

Dow Jones reported that Siemens AG's lighting subsidiary Osram said it has entered an agreement with Valeo SA which allows the French automotive supplier to buy Osram's stake in their North American joint venture Valeo Sylvania. The two companies struck a put and call option agreement, according to which Valeo can acquire Osram's 50% stake in early 2014, said the German lighting company. Financial details of the agreement weren't disclosed. Siemens plans to spin off Osram in July, distributing free shares to its shareholders.

 

Nokia Oyj and Siemens AG's Joint Venture Receives Patent Grant for Method and Device for Padding Optimization of Segmented Turbo Codes-US Federal News Jun 18, 2013

 

US Federal News reported that United States Patent no.8,468,435, issued on June 18, 2013 was assigned to Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG. The patent was issued for Method and Device for Padding Optimization of Segmented Turbo Codes.

 

EADS NV and Siemens Enter Long-Term Research Partnership; Sign Memorandum of Understanding With Diamond Aircraft On Electric Propulsion System Jun 18, 2013

 

EADS NV announced that it is entering into a long-term research partnership with Siemens AG to introduce new electric propulsion systems that could help airlines lower their fuel bills and drive environmental performance. Together with their partner, Austria-based Diamond Aircraft, the companies are showcasing a second generation serial hybrid electric airplane at Le Bourget. EADS NV Chief Executive Officer (CEO) Mr. Tom Enders, Siemens CEO Mr. Peter Loscher and Diamond Aircraft owner Mr. Christian Dries signed a Memorandum of Understanding at Le Bourget to set the course for their future cooperation on electric aircraft development. The research partnership aims to ultimately introduce hybrid drive systems for both helicopters and large airplanes, while the airworthiness certification of full-electric and hybrid aircraft in the General Aviation category is to be achieved within the next three-to-five years.

 

Siemens AG To Shut Down Solar Unit; Closure To Affect 280 Jobs-DJ Jun 17, 2013

 

Dow Jones reported that according to newspaper Handelsblatt, Siemens AG is shutting down its solar business after not being able to find a buyer for it. The closure will affect 280 jobs, mostly in Israel, the article said, noting Siemens took over Israel's Solel Solar Systems for EUR285 million ($373 million) in 2009. The business didn't meet expectations due to fierce competition and falling prices. Handelsblatt said the closure is expected to cost around EUR50 million.

 

Siemens AG Approaches Private-Equity Firms About Possible Deal For Nokia Siemens Networks With Nokia Oyj-DJ Jun 14, 2013

 

Dow Jones reported that Siemens AG is sounding out private-equity firms about potentially buying its telecommunications-equipment joint venture with Nokia Oyj., according to people familiar with the matter.

 

Nokia Oyj and Siemens AG's JV Receives Patent Grants for Link Model for Multi-Prefix Packet System Bearer and for Network Synchronisation of Devices in D2D Cluster-US Federal News-US Federal News Jun 14, 2013          

 

US Federal News reported that World Intellectual Property Organization (WIPO) has published patent of Nokia Oyj and Siemens AG's joint venture (JV), Nokia Siemens Networks, and Seppo Ilmari Vesterinen, Jouni Korhonen and Matti Einari Laitila. Title of the invention is "Link model for multi-prefix packet system bearer". Additionally WIPO has published patent of Nokia Siemens Networks, Vinh Van Phan, Kari Veikko Horneman and Ling Yu for "Network synchronization of devices in D2D cluster".

 

Siemens AG's Osram Spin-Off Set For July 8, 2013-DJ Jun 13, 2013

 

Dow Jones reported that Siemens AG said that the spin-off of its lighting unit Osram is planned for July 8, 2013. On July 8, Siemens shareholders will receive one Osram share for every 10 Siemens shares they hold. After the spin-off, Siemens will hold 17% of Osram and 2.5% will belong to a Siemens pension fund. Siemens values Osram at EUR3.2 billion ($4.26 billion).

 

Nokia Oyj and Siemens AG's Joint Venture Receives Patent Grant for Allocation of Preamble Sequences Computer Weekly News Jun 13, 2013

 

Computer Weekly News reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has been issued patent number 8451787. The patent was issued for "Allocation of Preamble Sequences".

Nokia Oyj and Siemens AG's Joint Venture Receives United States Patent Grants-US Federal News Jun 11, 2013

 

US Federal News reported that United States Patent no.8,462,743 has been issued to Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG. The patent was issued for Method, apparatus and computer program for signaling channel quality information in a network that employs relay nodes. Apart from this, United States Patent no.8,462,791 has been issued for "Adaptive scheduler for communication systems apparatus, system and method" to Nokia Siemens.

Nokia Oyj and Siemens AG's Joint Venture Receives Patent Grant for Adaptive ARQ Block Size for Wireless Networks-Targeted News Service Jun 11, 2013

 

Targeted News Service (US) reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has been assigned a patent number 8,457,057. The patent was issued for Adaptive ARQ block size for wireless networks.

 

Siemens AG To Cut Additional 1,000 Jobs At Energy Unit-DJ Jun 10, 2013

 

Dow Jones reported that Siemens AG (SI) will cut an additional 1,000 jobs at its energy division in the coming years, according to German newspaper Frankfurter Allgemeine. In a first step, 340 jobs will be cut at sites in Erlangen and Offenbach in the energy-solutions unit. In the midterm, another 650 jobs will be cut at these sites, while the company creates new jobs in the sector in Korea, the article adds.

 

Nokia Oyj and Siemens AG's Joint Venture and Intel to Partner for Content Delivery Directly from Base Station-Datamonitor Technology Wire Jun 06, 2013

 

Datamonitor Technology Wire reported that Nokia Siemens Networks (NSN), a joint venture between Nokia Oyj and Siemens AG, and Intel have signed a memorandum of understanding, or MoU, on a set of common objectives around the development of Liquid Applications, an approach from Nokia Siemens Networks that will reportedly accelerate the delivery of services and content directly from the base station. The companies will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top (OTT) content providers, independent software vendors (ISV) and application service providers (ASP). The parties will also explore new business models between mobile operators and other ecosystem players, facilitating engagements with the purpose of delivering a superior and profitable customer experience.

 

Marathon Patent Group Inc's Subsidiary Acquires From Siemens AG Three U.S. and Ten International Patents May 30, 2013

 

Marathon Patent Group Inc announced that its wholly owned subsidiary, Bismarck IP, has acquired three U.S. and ten international patents and patent applications from Siemens AG as part of a previous agreement. The Shaked & Co Law Firm represented Marathon in the transaction.

 

ICT Automatisering NV To Collaborate With Siemens AG May 13, 2013

 

Dow Jones reported that ICT Automatisering NV has started a collaboration with Siemens. The Company is to provide services for Siemens AG's Process Control System Simatic PCS7. The Company will focus on the solutions for operating problems.

 

Nokia Oyj and Siemens AG's Joint Venture to Cut 150 Jobs in Finland-DJ May 08, 2013

 

Dow Jones reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, plans to reduce 150 positions in Finland in group and support functions. The statutory negotiations with employee representatives will commence on May 15, 2013. Product development functions and the manufacturing site in Oulu, Finland are excluded from the planned cuts.

 

Siemens AG Sees Osram Licht AG IPO In Early July 2013 May 02, 2013 reported that Siemens AG aims to float its lighting business Osram Licht AG on the stock exchange in early July 2013 , it said, following a short delay due to legal action by a handful of investors. Siemens, which is floating Osram to focus on its most profitable businesses, had planned to spin off 80.5% of the business in the European spring. Siemens said, the fair value of Osram was about EUR3.2 billion ($4.3 billion).


 

Eli Lilly And Co To Acquire Alzheimer's Imaging Agents From Siemens AG Apr 17, 2013 reported that Eli Lilly And Co said it will acquire two imaging agents from Siemens AG designed to light up brain deposits of tau, an Alzheimer's protein linked with cell death. The two agents are radiopharmaceutical tracers, which are used with positron emission tomography, or PET scans, to highlight specific proteins in the brain. Terms of the deal with the conglomerate's Siemens Medical Solutions USA unit were not disclosed.

 

Nokia Oyj and Siemens AG's Joint Venture Receives Network Upgrade Contract from M1 in Singapore-DJ Apr 16, 2013

 

Dow Jones reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has been commissioned by M1 Ltd. to strengthen its voice core network and expand its 3G network in Singapore. The financial details were not disclosed.

 

Sale Of Siemens AG And Nokia Oyj's Nokia Siemens Stakes Not Likely For Months Apr 04, 2013 reported that a six-year pact binding Siemens AG and Nokia Oyj in Nokia Siemens Networks (NSN) expired on Thursday with sources at the two parent companies saying there was no sale in sight for at least the next few months. The lapsing of the shareholder pact frees the co-parents to sell all or part of their 50% stakes in NSN without consulting the other.

 

Nokia Oyj and Siemens AG's Joint Venture Receives Order from Thailand-SIX Apr 04, 2013

 

SIX reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has received a 3G order from the Thai operator AIS. The financial details were not disclosed.

 

Nokia Oyj and Siemens AG's Joint Venture Nokia Siemens Gets LTE Network Order from TIM Brasil-DJ Apr 03, 2013

 

Dow Jones reported that Nokia Siemens, a joint venture between Nokia Oyj and Siemens AG, has received a contract to deploy an LTE network layer on top of operator TIM Brasil's existing 2G and 3G networks in the 2.6 GHz frequency band. Under the contract, Nokia Siemens will deliver an LTE radio access network featuring its Flexi Multiradio Base Stations. It will also upgrade TIM Brasil's NetAct network management system to enable monitoring, management and optimization of its network. Implementation of the LTE network will be done on a city-by-city basis in preparation for the Confederations Cup 2013 and Football World Cup 2014 events.

 

Nokia Oyj and Siemens AG's Joint Venture's Subsidiary Issues Senior Notes Mar 22, 2013

 

Nokia Oyj and Siemens AG announced that Nokia Siemens Networks Finance B.V., a wholly owned subsidiary of Nokia Oyj and Siemens AG's joint venture Nokia Siemens Networks B.V., issues EUR 450 million Senior Notes due 2018 at a coupon of 6.75% per annum (the 2018 Notes) and EUR 350 million Senior Notes due 2020 at a coupon of 7.125% per annum (the 2020 Notes and, together with the 2018 Notes, the Notes), each at an offering price of 100%. The offering was announced on March 18, 2013. The Notes amount to an aggregate total of EUR 800 million, which is an increase from the originally planned amount of EUR 600 million. The Notes will be guaranteed on a senior unsecured basis by Nokia Siemens Networks B.V. and Nokia Siemens Networks Oy. The net proceeds from the offering of the Notes will be used to prepay certain existing debt of Nokia Siemens Networks and for general corporate purposes.

 

Scania AB, Siemens AG To Develop Electrically Powered Trucks For commercial Use-DJ Mar 11, 2013

 

Dow Jones reported that Scania AB has teamed up with Siemens AG to develop electrically powered trucks for commercial use. The partnership will involve the integration of Siemens technology to power vehicles with Scania in the electrification of powertrains in trucks and buses.

Nokia Oyj and Siemens AG's Joint Venture to Build LTE Network for E-Plus-DJ Feb 26, 2013

 

Dow Jones reported that the mobile carrier E-Plus has tasked Nokia Siemens Networks (NSN), a joint venture between Nokia Oyj and Siemens AG, to build its fast, LTE network. NSN will also expand E-Plus's existing 3G (third generation) network. The financial details were not disclosed.

 

Nokia Oyj and Siemens AG's Joint Venture Receives Order from Docomo Pacific-SIX Feb 19, 2013

 

SIX reported that Nokia Siemens Networks (NSN), the Nokia Oyj and Siemens AG joint venture, has received a 4G/LTE order from Docomo Pacific in Guam. Nokia Siemens Networks is the only end-to-end supplier. The financial details were not disclosed.

 

Areva SA Announces Commitment to Timely Complete Olkiluoto 3 Project in Partnership with Siemens AG Feb 12, 2013

 

Areva SA announced that following TVO's announcement regarding the schedule of the Olkiluoto 3 project, the AREVA-Siemens AG consortium would like to recall the commitment made by the client to take all the measures necessary to contribute to a stable calendar. Over the course of the past year, the consortium has asked for more active cooperation from TVO in order to obtain the final approval of the detailed I&C architecture. The AREVA-Siemens consortium regrets that TVO continues to not fulfill its obligations to allow for the project to advance properly. AREVA emphasizes that the EPR I&C offers safety advancements and has already been approved by the French and British nuclear safety authorities.

 

Bouygues SA's Colas SA Announces Contract To Build First Two Lines on RFR High-speed Railway Network in Tunisia As Part of Consortium with Siemens AG Feb 04, 2013

 

Colas SA, a subsidiary of Bouygues SA, announced that Colas Rail and its consortium partners Siemens AG and the Tunisian company Somatra-Get have secured a contract involving the construction of the first two lines (D & E) on the RFR high-speed railway network in Tunis, Tunisia, for a total of 20 kilometers. Colas Rail will be in charge of track, catenary networks, power supply, remote surveillance and data collecting system, depot equipment and system integration. The total contract value amounts to EUR 145 million, with EUR 86 million earmarked for Colas Rail.

 

Siemens AG Picks Banks For Two Disposals Jan 28, 2013

 

reported that Siemens AG has picked banks to organise the sale of two units as part of its efforts to streamline operations and stay competitive in a weak global economy, people familiar with the matter said. Goldman Sachs Group Inc will advise the German conglomerate on the sale of its Water Technologies units, while Rothschild will oversee the divestment of its smaller security products arm, which makes access card readers and technology for intruder detection and surveillance, the sources said on January 28, 2013.

 

Poweo Direct Energie SA and Siemens AG's Siemens Project Ventures Create Project Company to Build CCGT Power Plant in Brittany Jan 22, 2013

 

Poweo Direct Energie SA announced that following a tender organized by the French Government, the project to build and operate a power plant in Landivisiau, Brittany has been granted to a consortium consisting of the generation subsidiary of Poweo Direct Energie SA (Direct Energie Generation) for 60% of the capital and Siemens AG's Siemens Project Ventures (SPV) for 40%. This consortium has set up a dedicated project company, the "Compagnie Electrique de Bretagne" (CEB), with the aim to build this 446 MW maximum capacity CCGT power plant, in Landivisiau. The CEB will invest approximately EUR 400 million in this project and plans to have recourse to debt through project financing. The start of the construction is planned in 2014 for a full operational service in winter 2016-2017.

Nokia Oyj and Siemens AG's Nokia Siemens Networks To Tap Markets For EUR700 Million Jan 20, 2013

 

reported that Nokia Siemens Networks (NSN) the Nokia Oyj and Siemens AG joint venture is planning to raise as much as EUR700 million ($930 million) from public markets in the spring to pay down debt and fund investment, the Financial Times said on its website. The high-yield bond will be the first time NSN has tapped public markets, the FT said. A spokesman for NSN declined to comment on the report.

 

Siemens AG's SIemens Diagnostics Stops Sales Activities of BioPorto A/S's NGAL Jan 17, 2013

 

BioPorto A/S announced that it has received notification from Siemens AG's Siemens Diagnostics of a communication to their international subsidiaries putting a halt to sales activities concerning The NGAL Test. Siemens will refer interested customers to BioPorto. BioPorto is now looking further into the reasons for this and the prospects for activities being resumed. On December 10, 2012, Siemens Diagnostics issued a marketing letter to their international subsidiaries on the sales cooperation with BioPorto, as described in company announcement dated November 29, 2012.

 

YIT Oyj's Subsidiary Sells Plot in Greenstate Industrial Park to Siemens AG's OOO Siemens Gas Turbine Technology Jan 15, 2013

 

YIT Oyj announced that YIT's Russian subsidiary YIT St. Petersburg and Siemens AG's OOO Siemens Gas Turbine Technologies (SGTT) have signed an agreement under which YIT will sell a plot in the Greenstate industrial park, south of St. Petersburg, to SGTT. Conclusion of the agreement took place and became valid at the end of the year 2012. On its 3.8-hectare plot, SGTT will build a world-class complex for gas turbines manufacturing and service, first of all high-efficiency 166 megawatt and 292 megawatt gas turbines. The planned area of the plant is approximately 25,000 square meters. The plant will be completed by the end of 2014. OOO Siemens Gas Turbine Technologies will employ up to 500 people. YIT's Greenstate industrial park is a zoned 112-hectare industrial area in the vicinity of the St. Petersburg ring road and Tallinn motorway, south of the city. The industrial park features fully completed infrastructure and energy, electricity, water and Information Technology (IT) networks for use by production plants and logistics centers.

 

Softbank Corp To Sell Stake In eAccess Limited To Samsung, Others; Nokia Oyj And Siemens AG's Nokia Siemens Networks May Also Consider Bid For Stake Jan 12, 2013

 

reported that Softbank Corp is in final talks to sell its stake in eAccess Limited, representing around 67% of voting rights, to Samsung Electronics Co Ltd and 10 others. Softbank, which is awaiting regulatory approval to buy a 70% stake in U.S. mobile carrier Sprint Nextel Corp, bought Japanese rival eAccess last October as it stepped up competition with its nearest competitor KDDI Corp. Softbank turned eAccess into a wholly owned subsidiary on January 1 after a share exchange, using 220 billion yen ($2.47 billion) worth of its own shares. After dividing eAccess shares into voting and non-voting shares, Softbank is considering reducing its ownership of eAccess voting rights to less than one-third, the source said. The sale of eAccess' voting rights would total several billion yen. Other than Samsung, likely buyers include Sweden's LM Ericsson, ORIX Corporation, adding that the eAccess voting shares would be divided between companies into hundreds of millions of yen each. The Nikkei business newspaper reported earlier on Saturday that Softbank was also considering selling the eAccess stake to Finland's Nokia Oyj And Siemens AG's Nokia Siemens Networks and five Japanese leasing companies.

 

Acacia Research Corp's Subsidiary Acquires Patents For Wireless Infrastructure And User Equipment Technology From Nokia Oyj And Siemens AG's Nokia Siemens Networks Dec 31, 2012

 

Acacia Research Corp announced that a subsidiary has acquired patents for Wireless Infrastructure and User Equipment Technology from Nokia Siemens Networks relating to second (2G), third (3G) and fourth (4G) generation wireless technologies. Terms of the transaction were not disclosed.

Siemens AG To Cut 1,100 Jobs In Energy Sector-AP Dec 20, 2012

 

The Associated Press reported that Siemens AG says it will cut about 1,100 jobs in its energy division in Germany over the next two years amid a wider cost-cutting effort. Siemens said that cuts will primarily affect its fossil power and the oil and gas services units which are experiencing sluggish demand. The phasing-out of its nuclear power division also plays a role. The Company says it aims to shrink the division by not filling vacancies and by assigning workers to other production units, rather than through lay-offs.

 

Silovye Mashiny OAO's and Siemens AG's Joint Venture STGT OOO Signs Purchase-Sale Agreement with YuIT Lentek ZAO; To Create Gas Turbines Plant in Leningrad Region-RIA Vesti Dec 19, 2012

 

RIA Vesti reported that Simens tekhnologii gazovykh turbin OOO (STGT OOO), a joint venture of Silovye Mashiny OAO and Siemens AG, has signed a purchase and sale agreement with YuIT Lentek ZAO. Following the agreement, Simens tekhnologii gazovykh turbin OOO will buy from YuIT Lentek ZAO a 3,8 hectares of land area in the Greenstate industrial park in the Leningrad region. On the purchased land, Simens tekhnologii gazovykh turbin OOO intends to build a world-class complex for manufacturing and servicing of Siemens gas turbines SGT5-2000E and SGT5-4000F.

 

Pemex Sues Siemens AG Over Bribery Claims Dec 14, 2012 reported that State-owned Mexican oil company Pemex has sued Siemens AG and a South Korean company for $1.5 billion, over a bribery scheme that has dogged the German conglomerate for years. Siemens neither admitted nor denied the allegations in settling with the SEC. The lawsuit seeks at least $500 million in damages, which could be tripled under the Racketeer Influenced and Corrupt Organizations Act. Guenter Gaugler, a spokesman for Siemens, and officials with Mexico City-based Pemex declined comment.

 

Redknee Solutions Inc Plans To Acquire Business Support Systems From Nokia Oyj And Siemens AG's Nokia Siemens Networks Dec 05, 2012

 

Redknee Solutions Inc announced that it has reached a definitive agreement to acquire Nokia Siemens Networks' Business Support Systems (BSS) business. Nokia Siemens Networks' BSS business provides real-time charging, rating, policy, customer care solutions to more than 130 communication service providers, including half of top 100 global mobile operators. Approximately 1200 employees would transfer to Redknee. The acquisition would involve the transfer to Redknee of Nokia Siemens Networks' BSS customer and supplier contracts, intellectual property rights, fixed assets and associated liabilities, along with BSS employees. The employees expected to transfer to Redknee are mainly based in Berlin, Germany; Bangalore, India; and Wroclaw, Poland. Until the agreement closes, Nokia Siemens Networks will work to ensure an orderly migration and transfer of the BSS business. Nokia Siemens Networks would retain a small number of broader customer contracts that include elements of BSS for GSM-R and mobile broadband related mediation. Redknee expects to finance the transaction through a combination of cash on balance sheet and debt facilities. The total consideration paid by Redknee for the BSS business will include EUR15 million in cash at closing, plus a maximum of EUR25 million for certain performance-based cash earn-outs expected to be paid over 12 to 36 months post-closing. The acquisition is anticipated to close in the first half of calendar year 2013.

 

Nokia Oyj and Siemens AG's Nokia Siemens Network To Close Services Unit Dec 04, 2012 reported that Nokia Siemens Networks' (NSN) German services unit faces closure and 1,000 jobs are at risk as Nokia Oyj and Siemens AG shake up the joint venture. The closure would be effective by the end of 2013 and will be announced on December 5, 2012 during a meeting.

 

Nokia Oyj And Siemens AG's Nokia Siemens Sells Optical Network Unit To Marlin Equity Partners-DJ Dec 03, 2012

 

Dow Jones reported that Nokia Siemens Networks (NSN) is selling its optical networks business to Los Angeles-based private investment firm Marlin Equity Partners for an undisclosed sum. The network joint venture of Nokia Oyj and Siemens AG said up to 1,900 employees, mainly in Germany, Portugal and China, would transfer to a new company established by Marlin Equity Partners as a result of the transaction.

 

Siemens AG's Osram To Cut Workforce By 4,700 Jobs-DJ Nov 30, 2012

 

Dow Jones reported that Siemens AG's lighting unit Osram plans to cut its workforce by more than 10% as part of an effort to save EUR1 billion ($1.3 billion) and improve profitability, the Company said on November 30, 2012. Osram has about 39,000 employees worldwide, and has already cut around 1,900 jobs this past year. Of the 4,700 new cuts, 4,300 will be outside Germany.

 

Nokia Oyj and Siemens AG's Nokia Siemens Networks To Cut Jobs, Shuts Down Plant In Bruchsal, Germany Nov 29, 2012 reported that Nokia Siemens Networks (NSN) will cut 650 jobs as it shuts down its plant in Bruchsal, Germany, a spokeswoman for the Company said. The 50-50 joint venture (JV) between Nokia Oyj and Siemens AG is carrying out a cost-cutting plan, which includes laying off a quarter of its staff and selling product lines to focus on mobile broadband.

 

BioPorto A/S and Siemens AG's Siemens Healthcare Diagnostics Enter Sales Cooperation Agreement Nov 29, 2012

 

BioPorto A/S announced that the Company has entered agreement on sales cooperation with Siemens AG's Siemens Healthcare Diagnostics (Siemens) in which Siemens is to offer the Company's NGAL Test to its clients, while the distribution is to continue through the Company. Siemens is to send a marketing letter to all its international subsidiaries and distributors which validates NGAL Test with Siemens' ADVIA 1800. The marketing letter contains the information on the use of NGAL Test, where it is registered for diagnostics and how the cooperation functions.

 

Siemens AG to Acquire Invensys Rail Nov 28, 2012

 

Siemens AG (Siemens) announced that on November 28, 2012 the Supervisory Board approved the decision of the Managing Board to enter into an agreement to acquire Invensys Rail, the rail automation business of Invensys, for approximately EUR 2.2 billion (GBP 1.742 billion). Invensys Rail with approximately 3,200 employees and revenues of GBP 775 million in its last fiscal year ending March 2012 shall be integrated into Siemens' Rail Automation Business Unit headquartered in Berlin, Germany, as part of the Mobility and Logistics Division in the Infrastructure & Cities Sector. Siemens expects the transaction to close in the second quarter of calendar year 2013.

 

Siemens AG's Osram To Restructure Before Spin-off Nov 22, 2012 reported that Siemens AG's lighting unit Osram is planning a restructuring including thousands of job cuts before it is spun off next year. The programme will cost about EUR500 million ($640 million) and will affect mostly sites outside Germany. Siemens plans to spin off most of Osram in the European spring of next year, having scrapped plans for an initial public offering (IPO) on weak markets.

 

Siemens AG Acquires LMS International NV Nov 08, 2012

 

Siemens AG announced that it has acquired LMS International NV (LMS), a provider of test and mechatronic simulation for complex products. The purchase price for LMS amounts to approximately EUR 680 million. The business activities of LMS are to be integrated into the product lifecycle management (PLM) software portfolio within the Siemens Industry Automation Division.


Siemens Wins Order To Supply Power Equipment in Venezuela-DJ Oct 31, 2012

 

Dow Jones reported that Siemens AG has received an order from Elecnor SA to supply equipment for power plants in Venezuela. The power plants, which are a part of Juan Manuel Valdez Guiria project, will be constructed in two phases. The plant to be constructed in phase one will have a total capacity of 700 megawatts and will start operating in 2015. Siemens AG will supply gas turbines, steam turbines, generators, instrumentation and control equipment, among others. Financial details of the order were not disclosed.

 

Ericsson and Nokia Oyj and Siemens AG's Joint Venture Receive Order from TIM Brasil-Direkt Oct 31, 2012

 

Direkt reported that TIM Brasil has chosen Ericsson, Nokia Oyj and Siemens AG's Joint Venture, Nokia Siemens Networks (NSN), and Huawei as suppliers of the LTE equipment. The three companies have already delivered a part of the equipment to TIM Brasil's 2G and 3G networks. NSN, Ericsson and Huawei are to deliver the 4G / LTE equipment to the same geographic areas where they are currently providing GSM and WCDMA equipment. The financial details were not disclosed.

 

Nokia Oyj and Siemens AG's Joint Venture Receives Order from Indosat-SIX Oct 22, 2012

 

SIX reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has received an order from the mobile operator Indosat in Indonesia. Nokia Siemens Networks is to deliver the infrastructure and services for GSM and mobile 3G to Indosat. The financial details were not disclosed.

 

Siemens AG In Talks To Sell Solar Business Oct 22, 2012 reported that Siemens AG is to sell its solar energy business as part of its cost-saving programme, and is already holding talks with potential buyers. Siemens has not said how much money it aimed to save or how many jobs could go as part of its new programme, dubbed Turbine 2013.

 

Siemens AG Receives USD220 Million Supply Contract for Power Plant in Brazil Oct 18, 2012

 

Siemens AG announced that it will supply the power island for the UTE Mauß 3 combined-cycle power plant in Manaus, Brazil. The power island equipment includes two heavy-duty gas turbines, one steam turbine, three generators and the instrumentation and control system. The order volume is approximately USD220 million. The plant will be built for Amazonas Distribuidora de Energia S.A., a subsidiary of Eletrobrßs, the National Brazilian Electrical Company. The natural gas-fired power station with an installed capacity of approximately 580 megawatts.

 

Siemens AG Could Drop Offer For Finmeccanica SpA's Ansaldo-DJ Oct 15, 2012

 

Dow Jones reported that Siemens AG will consider dropping its EUR1.3 billion ($1.69 billion) offer for Finmeccanica SpA's power engineering unit AnsaldoEnergia if talks drag on past early November, the Financial Times reported. The paper said on Monday that Siemens was unwilling to raise its offer for Ansaldo.

 

Siemens AG To Cut Jobs, Close Offices Oct 11, 2012 reported that Siemens AG may outline job cuts and office closures on October 11, 2012 to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis. Siemens AG may also shut offices in some of the 190 countries where Siemens operates to focus on the few that make the most profits.

 

Nokia Oyj and Siemens AG's Joint Venture Completes Divestment of IPTV Assets to Belgacom SA-SIX Oct 02, 2012

 

SIX reported that Nokia Siemens, a joint venture between Nokia Oyj and Siemens AG, has completed the divestment of IPTV assets to Belgacom SA. The divestment is part of Nokia Siemens' focus on mobile broadband and services. A total of 23 employees is to be taken over by Belgacom.

 

IBS AG Announces Draft of Control Agreement Between IBS AG and Siemens AG's Siemens Beteiligungen Inland GmbH Sep 21, 2012

 

IBS AG announced that as of September 21, 2012, the Board of Management of the Company and the Board of Management of Siemens Beteiligungen Inland GmbH, Munich, a wholly-owned subsidiary of Siemens AG, have set up a draft of the announced control agreement between the Siemens Beteiligungen Inland GmbH as controlling company and the IBS AG as a controlled company, and intend to close the contract in writing on October 11, 2012. The object of the draft control agreement is, inter alia, the cash settlement to the sum of EUR 6.90 per IBS AG share and an adjustment payment to the gross sum of EUR 0.26 (net value after corporate tax and solidarity contribution: EUR 0.23) for each full fiscal year per IBS AG share.

 

Nokia Oyj and Siemens AG's Joint Venture Accelerates Restructuring Plan Including Layoffs and Divestment of Product Lines Sep 21, 2012 reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has decided to move ahead with its restructuring faster than expected. The company is in the middle of a cost-cutting plan, which includes laying off a quarter of its staff and selling product lines to focus on mobile broadband. The restructuring should result in more than EUR 1 billion (USD 1.3 billion) in cost savings by the end of 2013.

 

IBS AG Consults on Conclusion of Control Agreement Between IBS AG as Controlled Company and Siemens AG's Siemens Beteiligungen Inland GmbH as Controlling Company Sep 17, 2012

 

IBS AG announced that its Board of Management of IBS has counseled on the conclusion of a control agreement between IBS AG as a controlled company and Munich-based Siemens Beteiligungen Inland GmbH, a wholly-owned subsidiary of Siemens AG, as controlling company. The object of the consulting was, inter alia, the intended cash settlement to the sum of EUR 6.90 per IBS AG share and an adjustment payment to the gross sum of EUR 0.26 (net value after corporate tax and solidarity contribution: EUR 0.23) for each full fiscal year per IBS AG share. The Board of Management of the Company will adopt the resolution with the proviso of approval of the affiliation agreement by both the Supervisory Board and the Shareholders' Meeting, which, according to planning, shall be held on September 21, 2012. Approval of the control agreement by the Corporate Management and by the General Assembly of Siemens Beteiligungen Inland GmbH has yet to be obtained.

 

 

 

Annual profit & loss

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.770534

0.717768

0.740255

Consolidated

Yes

Yes

Yes

 

 

 

 

Total income

101,612.6

102,421.7

102,637.7

Net sales

101,612.6

102,421.7

102,637.7

Other operating income

669.7

773.2

1,156.4

Cost of sales

72,796.3

71,594.2

73,395.0

Gross profit

28,816.4

30,827.5

29,242.6

General expenses

14,486.1

14,345.9

15,035.4

Other operating costs

6,630.5

7,129.0

7,431.2

Net operating income

8,369.5

10,125.8

7,932.4

Other income

2,899.3

3,074.8

2,919.3

Interest payable on loans

2,242.6

2,390.7

2,553.2

Other expenses

15.6

100.3

54.0

Total expenses

-305.0

-1,788.9

141.8

Profit before tax

8,674.5

11,914.7

7,790.6

Provisions

24,118.3

23,300.0

23,655.4

Total taxation

2,717.6

3,108.2

2,295.2

Net profit

5,956.9

8,806.5

5,495.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.771999

0.745323

0.732493

Consolidated

Yes

Yes

Yes

 

 

 

 

Issued capital

3,423.6

3,680.3

3,744.7

Capital reserves

7,996.1

8,065.0

8,172.1

Total reserves

29,476.7

34,724.5

31,396.9

Total stockholders equity

40,546.7

43,143.7

39,721.9

Minority interests

737.0

839.9

1,023.9

Other provisions

11,215.0

11,836.5

11,563.2

Provision for pensions

12,857.5

9,803.8

11,555.1

Provisions and allowances

24,072.6

22,438.6

23,906.0

Other debentures

724.1

2,012.6

2,917.4

Mortgages and loans

20,975.4

16,973.8

20,802.9

Taxes and social security

3,940.4

3,465.6

4,256.7

Total long-term liabilities

25,639.9

22,452.0

27,977.0

Trade creditors

10,409.3

10,300.2

10,757.8

Advances received

15,386.0

16,755.1

16,628.1

Bank loans and overdrafts

2,614.0

3,347.5

2,815.0

Other loans

2,299.2

1,541.6

416.4

Taxation and social security

16,913.2

18,233.7

16,499.8

Total current liabilities

47,621.8

50,178.2

47,117.1

Regularisation account

1,740.9

1,650.3

1,657.4

Total liabilities (including net worth)

140,261.8

139,862.8

140,379.4

Patents

5,952.1

5,962.5

6,783.7

Goodwill

22,110.1

21,072.7

21,519.6

Intangibles

28,062.2

27,035.3

28,303.3

Land and buildings

5,620.5

5,715.6

6,168.0

Machinery and tools

3,370.5

3,174.5

4,035.5

Fixtures and equipment

5,620.5

5,715.6

6,168.0

Fixed assets under construction

1,098.4

1,257.2

1,518.1

Total tangible fixed assets

11,866.6

11,793.5

13,773.5

Total financial assets

5,746.1

6,662.9

6,449.2

Other long-term assets

2,075.1

2,263.4

2,264.9

Total non-current assets

47,750.1

47,755.1

50,790.9

Raw materials

3,405.4

3,555.5

-

Work in progress

14,897.7

15,510.1

-

Finished goods

772.0

136.9

-

Net stocks and work in progress

19,075.2

19,202.4

19,512.8

Trade debtors

17,241.0

17,560.2

18,726.4

Other receivables

36,853.7

33,979.9

26,306.0

Total receivables

54,094.6

51,540.1

45,032.5

Cash and liquid assets

14,107.5

16,728.3

19,260.2

Shares in associated companies

5,746.1

6,662.9

6,449.2

Recoverable taxation

4,895.1

4,301.5

5,378.9

Total current assets

87,277.3

87,470.8

83,805.5

Prepaid expenses and deferred costs

339.4

335.4

404.1

Total assets

140,261.8

139,862.8

140,379.4

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.771999

0.745323

0.732493

Consolidated

Yes

Yes

Yes

 

 

 

 

Current ratio

18.33

17.43

17.79

Acid test ratio

14.32

13.61

13.65

Total liabilities to net worth

0.18%

0.17%

0.19%

Net worth to total assets

0.03%

0.03%

0.03%

Current liabilities to net worth

0.12%

0.12%

0.12%

Current liabilities to stock

0.25%

0.26%

0.24%

Fixed assets to net worth

0.12%

0.11%

0.13%

Collection period

621.00

650.00

661.00

Stock turnover rate

1.88

1.95

1.88

Profit margin

0.01%

0.01%

0.01%

Return on assets

0.01%

0.01%

0.01%

Shareholders' return

0.01%

0.02%

0.01%

Sales per employee

21.35

20.97

18.87

Profit per employee

1.25

1.80

1.01

Net worth

40,546.7

43,143.7

39,721.9

Number of employees

366,700

350,500

402,700

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Sep-2012

Restated Normal 
30-Sep-2012

Restated Normal 
30-Sep-2011

Reclassified Normal 
30-Sep-2010

Updated Normal 
30-Sep-2008

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.770534

0.717768

0.740255

0.73971

0.666382

Auditor

Ernst & Young GmbH

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

KPMG LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

101,612.6

102,087.3

93,181.4

103,623.0

116,040.1

Revenue

101,612.6

102,087.3

93,181.4

103,623.0

116,040.1

Total Revenue

101,612.6

102,087.3

93,181.4

103,623.0

116,040.1

 

 

 

 

 

 

    Cost of Revenue

72,796.3

71,117.7

66,162.4

75,625.6

84,462.1

Cost of Revenue, Total

72,796.3

71,117.7

66,162.4

75,625.6

84,462.1

Gross Profit

28,816.4

30,969.6

27,019.1

27,997.5

31,578.0

 

 

 

 

 

 

    Selling/General/Administrative Expense

14,486.1

14,265.1

13,057.7

14,730.1

20,387.7

Total Selling/General/Administrative Expenses

14,486.1

14,265.1

13,057.7

14,730.1

20,387.7

Research & Development

5,500.1

5,432.1

4,806.5

5,272.3

5,678.4

    Impairment-Assets Held for Use

-

-

1,546.8

43.3

117.0

    Loss (Gain) on Sale of Assets - Operating

-

-

-352.6

-830.1

-900.4

Unusual Expense (Income)

-

-

1,194.2

-786.8

-783.3

    Other Operating Expense

358.2

521.1

339.1

607.0

2,984.8

    Other, Net

-669.7

-762.1

-567.4

-405.6

-429.2

Other Operating Expenses, Total

-311.5

-241.0

-228.3

201.4

2,555.6

Total Operating Expense

92,470.9

90,573.8

84,992.4

95,042.6

112,300.5

 

 

 

 

 

 

Operating Income

9,141.7

11,513.5

8,189.1

8,580.4

3,739.6

 

 

 

 

 

 

        Interest Expense - Non-Operating

-2,242.6

-2,390.7

-2,376.2

-2,991.7

-1,251.5

    Interest Expense, Net Non-Operating

-2,242.6

-2,390.7

-2,376.2

-2,991.7

-1,251.5

        Interest Income - Non-Operating

2,899.3

3,065.1

2,762.6

2,887.6

1,341.6

        Investment Income - Non-Operating

-345.2

292.6

12.2

-2,630.8

390.2

    Interest/Investment Income - Non-Operating

2,554.1

3,357.6

2,774.7

256.9

1,731.7

Interest Income (Expense) - Net Non-Operating Total

311.5

966.9

398.5

-2,734.9

480.2

    Other Non-Operating Income (Expense)

-6.5

904.2

-517.4

-585.4

93.0

Other, Net

-6.5

904.2

-517.4

-585.4

93.0

Income Before Tax

9,446.7

13,384.5

8,070.2

5,260.2

4,312.8

 

 

 

 

 

 

Total Income Tax

2,717.6

3,109.6

2,312.7

1,938.6

1,523.2

Income After Tax

6,729.1

10,274.9

5,757.5

3,321.6

2,789.7

 

 

 

 

 

 

    Minority Interest

-171.3

-245.2

-228.3

-277.1

-241.6

Net Income Before Extraord Items

6,557.8

10,029.7

5,529.2

3,044.4

2,548.1

    Discontinued Operations

-772.2

-1,469.8

-262.1

54.1

6,043.1

Total Extraord Items

-772.2

-1,469.8

-262.1

54.1

6,043.1

Net Income

5,785.6

8,559.9

5,267.1

3,098.5

8,591.2

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

6,557.8

10,029.7

5,529.2

3,044.4

2,548.1

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

5,785.6

8,559.9

5,267.1

3,098.5

8,591.2

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

856.3

873.1

868.2

864.8

893.2

Basic EPS Excl Extraord Items

7.66

11.49

6.37

3.52

2.85

Basic/Primary EPS Incl Extraord Items

6.76

9.80

6.07

3.58

9.62

Diluted Net Income

5,785.6

8,559.9

5,267.1

3,098.5

8,591.2

Diluted Weighted Average Shares

884.5

882.8

877.5

871.7

896.3

Diluted EPS Excl Extraord Items

7.41

11.36

6.30

3.49

2.84

Diluted EPS Incl Extraord Items

6.54

9.70

6.00

3.55

9.59

Dividends per Share - Common Stock Primary Issue

3.89

4.18

3.65

2.16

2.40

Gross Dividends - Common Stock

3,244.5

3,622.3

3,182.7

1,876.4

2,067.9

Interest Expense, Supplemental

2,242.6

2,390.7

2,376.2

2,991.7

1,251.5

Depreciation, Supplemental

2,234.8

2,280.7

2,261.4

2,714.6

3,179.9

Total Special Items

1,374.4

210.4

1,444.1

-786.8

-783.3

Normalized Income Before Tax

10,821.1

13,594.9

9,514.3

4,473.4

3,529.5

 

 

 

 

 

 

Effect of Special Items on Income Taxes

395.4

48.9

413.8

-290.0

-276.6

Inc Tax Ex Impact of Sp Items

3,113.0

3,158.5

2,726.6

1,648.6

1,246.5

Normalized Income After Tax

7,708.1

10,436.4

6,787.7

2,824.7

2,283.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

7,536.8

10,191.2

6,559.4

2,547.6

2,041.4

 

 

 

 

 

 

Basic Normalized EPS

8.80

11.67

7.55

2.95

2.29

Diluted Normalized EPS

8.52

11.54

7.48

2.92

2.28

Amort of Intangibles, Supplemental

1,087.6

1,067.2

1,030.7

1,127.5

1,344.6

Rental Expenses

1,399.0

1,464.3

1,454.9

1,619.6

1,431.6

Research & Development Exp, Supplemental

5,500.1

5,432.1

4,806.5

5,272.3

5,678.4

Normalized EBIT

10,516.1

11,723.8

9,633.2

7,793.6

2,956.3

Normalized EBITDA

13,838.5

15,071.7

12,925.3

11,635.6

7,480.7

    Current Tax - Domestic

185.6

408.2

14.9

363.7

186.1

    Current Tax - Foreign

1,981.7

1,745.7

1,976.3

1,634.4

1,502.1

Current Tax - Total

2,167.3

2,153.9

1,991.2

1,998.1

1,688.2

    Deferred Tax - Domestic

586.6

526.6

783.5

1.4

-318.1

    Deferred Tax - Foreign

-36.3

429.1

-462.0

-60.8

153.1

Deferred Tax - Total

550.3

955.7

321.5

-59.5

-165.1

Income Tax - Total

2,717.6

3,109.6

2,312.7

1,938.6

1,523.2

Interest Cost - Domestic

1,013.6

1,021.2

1,083.4

1,153.2

1,148.0

Service Cost - Domestic

390.6

394.3

387.7

367.7

418.7

Prior Service Cost - Domestic

0.0

27.9

0.0

23.0

0.0

Expected Return on Assets - Domestic

-1,001.9

-1,180.0

-1,082.1

-1,046.4

-1,394.1

Actuarial Gains and Losses - Domestic

2,238.7

-353.9

2,620.7

1,209.9

1,416.6

Curtailments & Settlements - Domestic

0.0

0.0

0.0

-2.7

-39.0

Domestic Pension Plan Expense

2,641.0

-90.6

3,009.8

1,704.7

1,550.2

Interest Cost - Foreign

599.6

635.3

663.3

701.6

721.8

Service Cost - Foreign

147.9

206.2

262.1

242.0

348.1

Prior Service Cost - Foreign

-13.0

-11.1

27.0

-4.1

-1.5

Expected Return on Assets - Foreign

-696.9

-720.3

-648.4

-643.5

-813.3

Actuarial Gains and Losses - Foreign

1,684.5

196.4

1,111.8

680.0

1,434.6

Curtailments & Settlements - Foreign

-10.4

-11.1

-274.2

-48.7

-30.0

Foreign Pension Plan Expense

1,711.8

295.4

1,141.5

927.4

1,659.7

Interest Cost - Post-Retirement

45.4

50.2

55.4

55.4

57.0

Service Cost - Post-Retirement

20.8

29.3

32.4

20.3

27.0

Prior Service Cost - Post-Retirement

-150.5

5.6

2.7

-40.6

12.0

Curtailments & Settlements - Post-Retir.

-38.9

-13.9

-6.8

-12.2

-4.5

Post-Retirement Plan Expense

-123.3

71.1

83.8

23.0

91.5

Defined Contribution Expense - Domestic

707.3

608.8

451.2

516.4

471.2

Total Pension Expense

4,936.8

884.7

4,686.2

3,171.5

3,772.6

Discount Rate - Domestic

3.10%

4.70%

4.00%

5.30%

6.40%

Expected Rate of Return - Domestic

6.50%

6.50%

6.50%

6.50%

6.50%

Compensation Rate - Domestic

2.25%

2.25%

2.25%

2.25%

2.25%

Total Plan Interest Cost

1,658.6

1,706.7

1,802.1

1,910.2

1,926.8

Total Plan Service Cost

559.4

629.7

682.2

630.0

793.8

Total Plan Expected Return

-1,698.8

-1,900.3

-1,730.5

-1,689.9

-2,207.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

UpdateType/Date

Updated Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2011

Reclassified Normal 
30-Sep-2010

Updated Normal 
30-Sep-2008

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.771999

0.745323

0.732493

0.684135

0.711921

Auditor

Ernst & Young GmbH

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

KPMG LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

14,107.5

16,728.3

19,260.2

14,849.4

9,682.3

    Short Term Investments

6,224.1

5,723.7

5,040.3

5,164.2

4,590.4

Cash and Short Term Investments

20,331.6

22,452.0

24,300.6

20,013.6

14,272.6

    Trade Accounts Receivable - Net

17,241.0

17,560.2

18,726.4

18,579.7

22,172.4

    Other Receivables

1,948.2

2,052.8

2,015.0

1,797.9

856.8

Total Receivables, Net

19,189.1

19,613.0

20,741.5

20,377.6

23,029.2

    Inventories - Finished Goods

3,423.6

3,108.7

3,912.7

4,304.7

3,982.2

    Inventories - Work In Progress

4,528.5

4,979.0

5,084.0

5,289.9

5,039.9

    Inventories - Raw Materials

3,405.4

3,555.5

3,303.8

3,331.2

3,642.3

    Inventories - Other

8,952.1

8,674.1

8,109.3

7,726.5

7,715.7

Total Inventory

20,309.6

20,317.4

20,409.7

20,652.4

20,380.1

Prepaid Expenses

339.4

335.4

404.1

463.4

452.3

    Discontinued Operations - Current Asset

6,217.6

6,597.1

976.1

755.7

1,136.4

    Other Current Assets

1,134.7

1,180.7

1,672.4

1,517.2

1,469.3

Other Current Assets, Total

7,352.3

7,777.8

2,648.5

2,272.9

2,605.6

Total Current Assets

67,522.1

70,495.6

68,504.4

63,779.8

60,739.9

 

 

 

 

 

 

        Land/Improvements

10,731.9

10,881.2

11,735.3

12,662.7

11,557.5

        Machinery/Equipment

20,870.5

20,255.6

26,248.7

26,030.0

24,631.9

        Construction in Progress

1,112.7

1,257.2

1,520.8

1,407.6

1,657.5

    Property/Plant/Equipment - Gross

32,715.1

32,394.0

39,504.8

40,100.3

37,846.9

    Accumulated Depreciation

-18,772.0

-18,337.0

-23,466.4

-23,549.4

-22,033.3

Property/Plant/Equipment - Net

13,943.0

14,057.0

16,038.4

16,550.8

15,813.5

Goodwill, Net

22,110.1

21,072.7

21,519.6

23,125.6

22,480.0

    Intangibles - Gross

13,502.6

12,907.2

13,755.8

13,422.8

-

    Accumulated Intangible Amortization

-7,550.5

-6,944.6

-6,972.1

-6,076.3

-

Intangibles, Net

5,952.1

5,962.5

6,783.7

7,346.5

7,603.4

    LT Investment - Affiliate Companies

5,746.1

6,662.9

6,449.2

6,839.3

9,856.4

    LT Investments - Other

11,295.4

9,014.9

6,796.0

11,668.8

10,935.2

Long Term Investments

17,041.5

15,677.8

13,245.2

18,508.0

20,791.6

Note Receivable - Long Term

4,077.7

4,002.3

4,223.9

662.2

-

    Deferred Income Tax - Long Term Asset

4,892.5

4,301.5

5,378.9

4,810.5

4,226.6

    Other Long Term Assets

4,720.2

4,293.4

4,685.4

3,970.0

1,032.4

Other Long Term Assets, Total

9,612.7

8,594.9

10,064.3

8,780.4

5,259.0

Total Assets

140,259.3

139,862.8

140,379.4

138,753.3

132,687.5

 

 

 

 

 

 

Accounts Payable

10,409.3

10,300.2

10,783.7

11,098.7

12,445.2

Accrued Expenses

8,645.1

9,414.7

10,838.3

10,705.5

-

Notes Payable/Short Term Debt

0.0

0.0

0.0

0.0

0.0

Current Portion - Long Term Debt/Capital Leases

4,956.0

4,910.6

3,298.3

1,020.3

2,555.1

    Customer Advances

16,866.6

18,178.7

18,016.5

17,775.7

-

    Income Taxes Payable

2,854.9

2,726.3

2,479.2

2,829.9

2,767.2

    Discontinued Operations - Current Liability

2,660.6

2,356.0

199.3

229.5

795.0

    Other Current Liabilities

8,835.5

10,557.8

9,825.3

9,672.1

41,066.3

Other Current liabilities, Total

31,217.7

33,818.9

30,520.4

30,507.1

44,628.5

Total Current Liabilities

55,228.1

58,444.5

55,440.8

53,331.6

59,628.8

 

 

 

 

 

 

    Long Term Debt

21,700.8

18,986.4

23,720.4

27,466.8

19,774.7

    Capital Lease Obligations

165.8

173.1

166.6

217.8

255.6

Total Long Term Debt

21,866.6

19,159.5

23,886.9

27,684.6

20,030.3

Total Debt

26,822.6

24,070.1

27,185.2

28,704.9

22,585.4

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

639.9

798.3

787.7

1,134.3

1,019.8

Deferred Income Tax

639.9

798.3

787.7

1,134.3

1,019.8

Minority Interest

737.0

839.9

1,023.9

936.9

851.2

    Pension Benefits - Underfunded

12,857.5

9,803.8

11,555.1

8,679.6

6,125.7

    Other Long Term Liabilities

9,123.1

8,513.1

8,987.1

8,037.9

7,423.6

Other Liabilities, Total

21,980.6

18,316.9

20,542.2

16,717.5

13,549.3

Total Liabilities

100,452.2

97,559.0

101,681.5

99,804.9

95,079.4

 

 

 

 

 

 

    Common Stock

3,423.6

3,680.3

3,744.7

4,009.4

3,853.0

Common Stock

3,423.6

3,680.3

3,744.7

4,009.4

3,853.0

Additional Paid-In Capital

7,996.1

8,065.0

8,172.1

8,691.3

8,423.7

Retained Earnings (Accumulated Deficit)

29,476.7

34,724.5

31,396.9

33,101.7

32,291.5

Treasury Stock - Common

-2,457.3

-4,074.7

-4,604.8

-5,308.9

-5,621.4

    Other Equity

1,370.5

-91.2

-10.9

-1,545.0

-1,338.6

Other Equity, Total

1,370.5

-91.2

-10.9

-1,545.0

-1,338.6

Total Equity

39,809.6

42,303.8

38,698.0

38,948.5

37,608.1

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

140,261.8

139,862.8

140,379.4

138,753.3

132,687.5

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

856.3

874.3

869.8

866.4

861.6

Total Common Shares Outstanding

856.3

874.3

869.8

866.4

861.6

Treasury Shares - Common Stock Primary Issue

24.7

40.0

44.4

47.8

52.6

Employees

370,000

359,000

336,000

405,000

427,000

Accumulated Intangible Amort, Suppl.

7,550.5

6,944.6

6,972.1

6,076.3

5,061.0

Deferred Revenue - Current

16,866.6

18,178.7

18,016.5

17,775.7

15,999.0

Deferred Revenue - Long Term

286.3

318.0

374.1

283.6

-

Total Long Term Debt, Supplemental

26,614.0

23,875.6

26,951.8

28,421.3

21,930.8

Long Term Debt Maturing within 1 Year

4,913.2

4,889.2

3,232.8

954.5

2,411.8

Long Term Debt Maturing in Year 2

2,983.8

2,313.1

2,635.9

3,278.6

209.3

Long Term Debt Maturing in Year 3

2,983.8

2,313.1

2,635.9

3,793.1

2,868.3

Long Term Debt Maturing in Year 4

2,983.8

2,313.1

2,635.9

4,677.4

3,475.1

Long Term Debt Maturing in Year 5

2,983.8

2,313.1

2,635.9

1,625.4

1,647.7

Long Term Debt Maturing in 2-3 Years

5,967.6

4,626.2

5,271.7

7,071.7

3,077.6

Long Term Debt Maturing in 4-5 Years

5,967.6

4,626.2

5,271.7

6,302.9

5,122.8

Long Term Debt Matur. in Year 6 & Beyond

9,765.6

9,734.0

13,175.5

14,092.2

11,318.7

Total Capital Leases, Supplemental

207.3

194.5

233.4

283.6

327.3

Capital Lease Payments Due in Year 1

42.7

21.5

66.9

65.8

71.6

Capital Lease Payments Due in Year 2

16.5

21.1

17.7

61.4

28.1

Capital Lease Payments Due in Year 3

16.5

21.1

17.7

19.0

37.9

Capital Lease Payments Due in Year 4

16.5

21.1

17.7

24.8

56.2

Capital Lease Payments Due in Year 5

16.5

21.1

17.7

7.3

23.9

Capital Lease Payments Due in 2-3 Years

33.0

42.3

35.5

80.4

66.0

Capital Lease Payments Due in 4-5 Years

33.0

42.3

35.5

32.2

80.1

Cap. Lease Pymts. Due in Year 6 & Beyond

98.4

88.6

95.6

105.2

109.6

Total Operating Leases, Supplemental

4,103.6

4,116.3

4,267.6

4,089.8

3,813.6

Operating Lease Payments Due in Year 1

1,051.8

960.7

984.3

1,011.5

886.3

Operating Lease Payments Due in Year 2

513.6

511.9

539.6

754.2

679.9

Operating Lease Payments Due in Year 3

513.6

511.9

539.6

552.5

507.1

Operating Lease Payments Due in Year 4

513.6

511.9

539.6

423.9

401.7

Operating Lease Payments Due in Year 5

513.6

511.9

539.6

350.8

368.0

Operating Lease Pymts. Due in 2-3 Years

1,027.2

1,023.7

1,079.2

1,306.8

1,186.9

Operating Lease Pymts. Due in 4-5 Years

1,027.2

1,023.7

1,079.2

774.7

769.7

Oper. Lse. Pymts. Due in Year 6 & Beyond

997.4

1,108.2

1,124.9

996.9

970.6

Pension Obligation - Domestic

25,639.9

22,011.9

25,420.0

23,070.0

19,358.9

Pension Obligation - Foreign

15,739.7

13,125.9

16,047.9

13,397.9

12,209.2

Plan Assets - Domestic

18,077.7

16,515.0

19,193.3

19,402.6

17,333.4

Plan Assets - Foreign

13,077.7

11,613.8

13,717.5

11,503.6

11,032.1

Funded Status - Domestic

-7,562.2

-5,496.9

-6,226.7

-3,667.4

-2,025.5

Funded Status - Foreign

-2,661.9

-1,512.1

-2,330.4

-1,894.4

-1,177.1

Unfunded Plan Obligations

1,392.5

1,250.5

1,501.7

307.0

252.8

Total Funded Status

-11,616.6

-8,259.5

-10,058.8

-5,868.7

-3,455.4

Discount Rate - Domestic

3.10%

4.70%

4.00%

5.30%

6.40%

Expected Rate of Return - Domestic

6.50%

6.50%

6.50%

6.50%

6.50%

Compensation Rate - Domestic

2.25%

2.25%

2.25%

2.25%

2.25%

Equity % - Domestic

27.00%

29.00%

27.00%

27.00%

29.00%

Equity % - Foreign

27.00%

27.00%

28.00%

29.00%

29.00%

Real Estate % - Domestic

6.00%

6.00%

6.00%

8.00%

8.00%

Real Estate % - Foreign

7.00%

8.00%

9.00%

9.00%

10.00%

Total Plan Obligations

42,772.1

36,388.2

42,969.7

36,774.9

31,820.9

Total Plan Assets

31,155.5

28,128.7

32,910.9

30,906.2

28,365.5

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2011

Reclassified Normal 
30-Sep-2010

Updated Normal 
30-Sep-2008

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.770534

0.717768

0.740255

0.73971

0.666382

Auditor

Ernst & Young GmbH

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

KPMG LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

5,956.9

8,806.5

5,757.5

3,375.6

8,832.8

    Depreciation

3,561.2

3,395.2

5,056.4

3,881.2

4,821.6

Depreciation/Depletion

3,561.2

3,395.2

5,056.4

3,881.2

4,821.6

    Discontinued Operations

741.0

1,032.4

475.5

-

-

    Unusual Items

-189.5

-291.2

-352.6

-586.7

-7,641.3

    Other Non-Cash Items

2,415.2

1,049.1

1,842.6

4,797.8

1,157.0

Non-Cash Items

2,966.8

1,790.3

1,965.5

4,211.1

-6,484.3

    Accounts Receivable

203.8

-870.8

-71.6

1,492.5

-1,632.7

    Inventories

-110.3

-1,568.8

72.9

-83.8

-2,447.5

    Other Assets

-486.7

-810.8

-1,049.6

-486.7

250.6

    Accounts Payable

255.7

907.0

-20.3

-1,446.5

1,079.0

    Other Liabilities

-

-

2,091.2

-1,772.3

8,750.2

    Other Assets & Liabilities, Net

-2,878.5

-33.4

-278.3

-482.6

300.1

    Other Operating Cash Flow

-419.2

-794.1

-894.3

-440.7

-528.2

Changes in Working Capital

-3,435.3

-3,170.9

-149.9

-3,220.2

5,771.5

Cash from Operating Activities

9,049.6

10,821.0

12,629.4

8,247.8

12,941.5

 

 

 

 

 

 

    Purchase of Fixed Assets

-2,862.9

-3,013.5

-2,639.6

-3,325.6

-5,583.9

Capital Expenditures

-2,862.9

-3,013.5

-2,639.6

-3,325.6

-5,583.9

    Acquisition of Business

-1,705.3

-422.1

-586.3

-281.2

-8,114.0

    Sale of Business

120.7

246.6

232.4

-316.3

15,728.2

    Sale/Maturity of Investment

1,161.5

2,989.8

849.7

1,702.0

1,278.5

    Purchase of Investments

-539.9

-1,150.8

-724.1

-1,384.3

-250.6

    Other Investing Cash Flow

-3,552.1

-4,284.1

-978.0

-669.2

-3,669.1

Other Investing Cash Flow Items, Total

-4,515.0

-2,620.6

-1,206.3

-949.0

4,973.1

Cash from Investing Activities

-7,378.0

-5,634.1

-3,846.0

-4,274.6

-610.8

 

 

 

 

 

 

    Other Financing Cash Flow

-903.3

-859.6

-857.8

-1,243.7

-1,451.1

Financing Cash Flow Items

-903.3

-859.6

-857.8

-1,243.7

-1,451.1

    Cash Dividends Paid - Common

-3,411.9

-3,282.4

-1,875.0

-1,865.6

-2,193.9

Total Cash Dividends Paid

-3,411.9

-3,282.4

-1,875.0

-1,865.6

-2,193.9

        Sale/Issuance of Common

385.4

-1,064.4

198.6

181.2

372.2

        Repurchase/Retirement of Common

-2,233.5

0.0

-

-

-6,527.8

    Common Stock, Net

-1,848.1

-1,064.4

198.6

181.2

-6,155.6

Issuance (Retirement) of Stock, Net

-1,848.1

-1,064.4

198.6

181.2

-6,155.6

    Short Term Debt, Net

-80.5

316.3

-979.4

-481.3

-6,955.5

        Long Term Debt Issued

6,635.7

157.4

0.0

5,371.0

8,595.7

        Long Term Debt Reduction

-4,176.3

-2,850.5

-60.8

-1,454.6

-1,036.9

    Long Term Debt, Net

2,459.3

-2,693.1

-60.8

3,916.4

7,558.7

Issuance (Retirement) of Debt, Net

2,378.9

-2,376.8

-1,040.2

3,435.1

603.3

Cash from Financing Activities

-3,784.4

-7,583.2

-3,574.4

507.0

-9,197.4

 

 

 

 

 

 

Foreign Exchange Effects

88.3

7.0

225.6

-52.7

-148.6

Net Change in Cash

-2,025.9

-2,389.4

5,434.6

4,427.4

2,984.8

 

 

 

 

 

 

Net Cash - Beginning Balance

16,238.1

19,821.2

13,784.4

9,367.2

7,413.2

Net Cash - Ending Balance

14,210.9

17,431.8

19,219.1

13,794.6

10,397.9

Cash Interest Paid

652.8

661.8

590.3

1,026.1

1,244.0

Cash Taxes Paid

1,897.4

2,252.8

2,535.6

2,076.5

2,347.0

 

 

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Sep-2012

Restated Normal 
30-Sep-2012

Restated Normal 
30-Sep-2011

Reclassified Normal 
30-Sep-2010

Updated Normal 
30-Sep-2008

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.770534

0.717768

0.740255

0.73971

0.666382

Auditor

Ernst & Young GmbH

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

KPMG LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

101,612.6

102,087.3

93,181.4

103,623.0

116,040.1

Total Revenue

101,612.6

102,087.3

93,181.4

103,623.0

116,040.1

 

 

 

 

 

 

    Cost of Sales

72,796.3

71,117.7

66,162.4

75,625.6

84,462.1

    Research/Development

5,500.1

5,432.1

4,806.5

5,272.3

5,678.4

    Distribution/Gen. Admin. Expenses

14,486.1

14,265.1

13,057.7

14,730.1

20,387.7

    Other Operating Income

-669.7

-762.1

-567.4

-405.6

-429.2

    Income from Sale of Fixed Assets

-

-

-385.0

-481.3

-471.2

    Income From Sale of Business Units

-

-

-181.0

-552.9

-670.8

    Other Operating Expense

358.2

521.1

339.1

607.0

2,984.8

    Expense On Sale of Business Units

-

-

155.4

91.9

168.1

    Expense on Sale of Fixed Assets

-

-

58.1

112.2

73.5

    Goodwill Impairment

-

-

1,546.8

43.3

117.0

Total Operating Expense

92,470.9

90,573.8

84,992.4

95,042.6

112,300.5

 

 

 

 

 

 

    Income from Investments

-345.2

292.6

12.2

-2,630.8

390.2

    Interest Income

2,899.3

3,065.1

2,762.6

2,887.6

1,341.6

    Interest Expense

-2,242.6

-2,390.7

-2,376.2

-2,991.7

-1,251.5

    Income from Pensions

-

-

-

-

204.1

    Income from AFS Financial Assets

-

-

-

-

133.6

    Other, Net

-6.5

904.2

-517.4

-585.4

-244.6

Net Income Before Taxes

9,446.7

13,384.5

8,070.2

5,260.2

4,312.8

 

 

 

 

 

 

Provision for Income Taxes

2,717.6

3,109.6

2,312.7

1,938.6

1,523.2

Net Income After Taxes

6,729.1

10,274.9

5,757.5

3,321.6

2,789.7

 

 

 

 

 

 

    Minority Interest

-171.3

-245.2

-228.3

-277.1

-241.6

Net Income Before Extra. Items

6,557.8

10,029.7

5,529.2

3,044.4

2,548.1

    Discontinued Operations

-772.2

-1,469.8

-262.1

54.1

6,043.1

Net Income

5,785.6

8,559.9

5,267.1

3,098.5

8,591.2

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

6,557.8

10,029.7

5,529.2

3,044.4

2,548.1

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

5,785.6

8,559.9

5,267.1

3,098.5

8,591.2

 

 

 

 

 

 

Basic Weighted Average Shares

856.3

873.1

868.2

864.8

893.2

Basic EPS Excluding ExtraOrdinary Items

7.66

11.49

6.37

3.52

2.85

Basic EPS Including ExtraOrdinary Items

6.76

9.80

6.07

3.58

9.62

Diluted Net Income

5,785.6

8,559.9

5,267.1

3,098.5

8,591.2

Diluted Weighted Average Shares

884.5

882.8

877.5

871.7

896.3

Diluted EPS Excluding ExtraOrd Items

7.41

11.36

6.30

3.49

2.84

Diluted EPS Including ExtraOrd Items

6.54

9.70

6.00

3.55

9.59

DPS-Ordinary Shares

3.89

4.18

3.65

2.16

2.40

Gross Dividends - Common Stock

3,244.5

3,622.3

3,182.7

1,876.4

2,067.9

Normalized Income Before Taxes

10,821.1

13,594.9

9,514.3

4,473.4

3,529.5

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

3,113.0

3,158.5

2,726.6

1,648.6

1,246.5

Normalized Income After Taxes

7,708.1

10,436.4

6,787.7

2,824.7

2,283.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

7,536.8

10,191.2

6,559.4

2,547.6

2,041.4

 

 

 

 

 

 

Basic Normalized EPS

8.80

11.67

7.55

2.95

2.29

Diluted Normalized EPS

8.52

11.54

7.48

2.92

2.28

Research & Development Expenses

5,500.1

5,432.1

4,806.5

5,272.3

5,678.4

Interest Expenses

2,242.6

2,390.7

2,376.2

2,991.7

1,251.5

Amortisation of Intangibles

1,087.6

1,067.2

1,030.7

1,127.5

1,344.6

Rental Expenses

1,399.0

1,464.3

1,454.9

1,619.6

1,431.6

Depreciation

2,234.8

2,280.7

2,261.4

2,714.6

3,179.9

    Current - Domestic Tax

185.6

408.2

14.9

363.7

186.1

    Current - Foreign Tax

1,981.7

1,745.7

1,976.3

1,634.4

1,502.1

Current Tax - Total

2,167.3

2,153.9

1,991.2

1,998.1

1,688.2

    Deferred - Domestic Tax

586.6

526.6

783.5

1.4

-318.1

    Deferred - Foreign Tax

-36.3

429.1

-462.0

-60.8

153.1

Deferred Tax - Total

550.3

955.7

321.5

-59.5

-165.1

Income Tax - Total

2,717.6

3,109.6

2,312.7

1,938.6

1,523.2

Service Cost

390.6

394.3

387.7

367.7

418.7

Interest Cost

1,013.6

1,021.2

1,083.4

1,153.2

1,148.0

Expected Return on Plan Assets

-1,001.9

-1,180.0

-1,082.1

-1,046.4

-1,394.1

Past Service Cost

0.0

27.9

0.0

23.0

0.0

Settlements and Curtailments

0.0

0.0

0.0

-2.7

-39.0

Actuarial Gains and Losses

2,238.7

-353.9

2,620.7

1,209.9

1,416.6

Domestic Pension Plan Expense

2,641.0

-90.6

3,009.8

1,704.7

1,550.2

Service Cost

147.9

206.2

262.1

242.0

348.1

Interest Cost

599.6

635.3

663.3

701.6

721.8

Expected Return on Plan Assets

-696.9

-720.3

-648.4

-643.5

-813.3

Settlements and Curtailments

-10.4

-11.1

-274.2

-48.7

-30.0

Actuarial Gains and Losses

1,684.5

196.4

1,111.8

680.0

1,434.6

Past Service Costs

-13.0

-11.1

27.0

-4.1

-1.5

Foreign Pension Plan Expense

1,711.8

295.4

1,141.5

927.4

1,659.7

Service Cost

20.8

29.3

32.4

20.3

27.0

Interest Cost

45.4

50.2

55.4

55.4

57.0

Settlements and Curtailments

-38.9

-13.9

-6.8

-12.2

-4.5

Past Service Costs

-150.5

5.6

2.7

-40.6

12.0

Post-Retirement Plan Expense

-123.3

71.1

83.8

23.0

91.5

Defined Contribution Plan

707.3

608.8

451.2

516.4

471.2

Total Pension Expense

4,936.8

884.7

4,686.2

3,171.5

3,772.6

Discount Rate - Germany

3.10%

4.70%

4.00%

5.30%

6.40%

Discount Rate - USA

2.90%

4.10%

4.80%

5.69%

6.79%

Discount Rate - Great Britain

4.40%

5.70%

5.30%

5.70%

6.50%

Expected Return on Plan Assets - Germany

6.50%

6.50%

6.50%

6.50%

6.50%

Expected Return on Plan Assets - USA

6.96%

6.95%

6.95%

6.97%

6.97%

Expected Return on Plan Assets - GB

6.00%

6.00%

6.00%

6.50%

6.70%

Compensation Rate - Germany

2.25%

2.25%

2.25%

2.25%

2.25%

Compensation Rate - USA

3.69%

3.50%

3.52%

3.76%

4.05%

Compensation Rate - GB

4.10%

5.00%

5.00%

4.90%

4.50%

Compensation Rate - Switzerland

1.50%

1.50%

1.50%

1.50%

2.50%

Compensation Rate - Netherlands

2.98%

2.95%

2.95%

2.95%

2.95%

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

UpdateType/Date

Updated Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2011

Reclassified Normal 
30-Sep-2010

Updated Normal 
30-Sep-2008

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.771999

0.745323

0.732493

0.684135

0.711921

Auditor

Ernst & Young GmbH

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

KPMG LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash/Equivalents

14,107.5

16,728.3

19,260.2

14,849.4

9,682.3

    ST Investments

678.8

640.0

335.8

248.5

213.5

    Trade Receivables

17,241.0

17,560.2

18,726.4

18,579.7

22,172.4

    Finance Lease

2,474.1

2,360.1

2,436.9

2,540.4

-

    Derivatives

686.5

802.3

1,295.6

1,143.0

-

    Other Financial Assets

3,071.2

2,723.7

2,267.6

2,375.3

4,376.9

    Raw Materials

3,405.4

3,555.5

3,303.8

3,331.2

3,642.3

    Work in Progress

4,528.5

4,979.0

5,084.0

5,289.9

5,039.9

    Excess Earnings

10,369.2

10,531.0

10,290.9

10,432.2

10,586.8

    Finished Goods

3,423.6

3,108.7

3,912.7

4,304.7

3,982.2

    Advance-Supplier

1,234.5

1,115.0

896.9

825.9

1,115.3

    Adv. - Rcvd.

-2,651.6

-2,971.9

-3,078.5

-3,531.5

-3,986.4

    Income Tax Receivables

1,082.9

1,070.7

1,078.5

894.6

856.8

    Other Receivables

865.3

982.1

936.5

903.3

-

    Prepaid Expeneses

339.4

335.4

404.1

463.4

-

    Other Current Assets

448.2

378.4

376.8

374.2

1,469.3

    Prepaid Expenses

-

-

-

-

452.3

    Assets for Sale

6,217.6

6,597.1

976.1

755.7

1,136.4

Total Current Assets

67,522.1

70,495.6

68,504.4

63,779.8

60,739.9

 

 

 

 

 

 

    Investments Using Equity Method

5,746.1

6,662.9

6,449.2

6,839.3

9,856.4

    Goodwill, Net

22,110.1

21,072.7

21,519.6

23,125.6

22,480.0

    Derivatives

3,624.4

3,252.3

3,676.5

3,053.5

-

    Receivables

4,077.7

4,002.3

4,223.9

662.2

-

    Other Financial Assets

11,295.4

9,014.9

6,796.0

11,668.8

10,935.2

    Amortization

-7,550.5

-6,944.6

-6,972.1

-6,076.3

-

    Intangible Assets, Gross

13,502.6

12,907.2

13,755.8

13,422.8

-

    Intangible Assets, Net

-

-

-

-

7,603.4

    Land/Buildings

10,731.9

10,881.2

11,735.3

12,662.7

11,557.5

    Equip./Mach.

9,165.8

8,840.5

12,634.9

12,627.6

11,591.2

    Office Equipment

7,336.8

6,986.2

9,279.3

9,489.4

9,346.5

    Leased Equipment

4,367.9

4,429.0

4,334.5

3,913.0

3,694.2

    Constr. in Prog.

1,112.7

1,257.2

1,520.8

1,407.6

1,657.5

    Depreciation

-18,772.0

-18,337.0

-23,466.4

-23,549.4

-22,033.3

    Deferred Taxes

4,892.5

4,301.5

5,378.9

4,810.5

4,226.6

    Other Assets

1,095.9

1,041.2

1,008.9

916.5

1,032.4

Total Assets

140,259.3

139,862.8

140,379.4

138,753.3

132,687.5

 

 

 

 

 

 

    Notes/Bonds

4,956.0

4,910.6

2,815.0

0.0

1,438.4

    Bank Loans

-

-

386.4

381.5

672.8

    Other Loans

-

-

30.0

573.0

372.2

    Lease Oblig.

-

-

66.9

65.8

71.6

    Accounts Payable

10,409.3

10,300.2

10,783.7

11,098.7

12,445.2

    Derivatives

598.4

1,156.5

603.4

663.6

-

    Accrued Expenses

307.0

403.9

446.4

475.1

-

    Other Current Financial Liabilities

985.8

1,454.4

862.8

1,200.1

3,409.1

    Current Provisions

6,152.9

6,933.9

7,014.4

6,126.0

7,255.0

    Income Tax Payables

2,854.9

2,726.3

2,479.2

2,829.9

2,767.2

    Acc. Expenses

8,338.1

9,010.9

10,391.9

10,230.4

-

    Customer Advances

16,866.6

18,178.7

18,016.5

17,775.7

-

    Other Liabilities

1,098.4

1,013.0

1,344.7

1,682.4

30,402.2

    Assets Held for Disposal

2,660.6

2,356.0

199.3

229.5

795.0

Total Current Liabilities

55,228.1

58,444.5

55,440.8

53,331.6

59,628.8

 

 

 

 

 

 

    Bonds/Notes

20,976.7

16,973.8

20,802.9

24,121.0

16,774.3

    Bank Loans

581.6

1,816.7

2,704.5

2,791.8

2,607.0

    Other Loans

142.5

195.9

213.0

554.0

393.3

    Lease Oblig.

165.8

173.1

166.6

217.8

255.6

Total Long Term Debt

21,866.6

19,159.5

23,886.9

27,684.6

20,030.3

 

 

 

 

 

 

    Other Financial Liabilities

1,402.9

1,105.6

1,325.6

1,032.0

528.1

    Pensions/Similar

12,857.5

9,803.8

11,555.1

8,679.6

6,125.7

    Deferred Taxes

639.9

798.3

787.7

1,134.3

1,019.8

    Other Accrued

5,062.2

4,902.6

4,548.8

4,050.4

3,558.0

    Minority Int.

737.0

839.9

1,023.9

936.9

851.2

    Other Liabilities

2,658.0

2,505.0

3,112.7

2,955.6

3,337.4

Total Liabilities

100,452.2

97,559.0

101,681.5

99,804.9

95,079.4

 

 

 

 

 

 

    Common Stock

3,423.6

3,680.3

3,744.7

4,009.4

3,853.0

    Paid in Capital

7,996.1

8,065.0

8,172.1

8,691.3

8,423.7

    Retained Earnings

29,476.7

34,724.5

31,396.9

33,101.7

32,291.5

    Other Equity

1,370.5

-91.2

-10.9

-1,545.0

-1,338.6

    Treasury Stock

-2,457.3

-4,074.7

-4,604.8

-5,308.9

-5,621.4

Total Equity

39,809.6

42,303.8

38,698.0

38,948.5

37,608.1

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

140,261.8

139,862.8

140,379.4

138,753.3

132,687.5

 

 

 

 

 

 

    S/O-Ordinary Shares

856.3

874.3

869.8

866.4

861.6

Total Common Shares Outstanding

856.3

874.3

869.8

866.4

861.6

T/S-Ordinary Shares

24.7

40.0

44.4

47.8

52.6

Deferred Revenue - Current

16,866.6

18,178.7

18,016.5

17,775.7

15,999.0

Deferred Revenue - Long Term

286.3

318.0

374.1

283.6

-

Accu. Amortisation of Intangibles

7,550.5

6,944.6

6,972.1

6,076.3

5,061.0

Full-Time Employees

370,000

359,000

336,000

405,000

427,000

Long Term Debt Maturing Within 1 Year

4,913.2

4,889.2

3,232.8

954.5

2,411.8

Long Term Debt Maturing Within 2 Years

-

-

-

3,278.6

209.3

Long Term Debt Maturing Within 3 Years

-

-

-

3,793.1

2,868.3

Long Term Debt Maturing Within 4 Years

-

-

-

4,677.4

3,475.1

Long Term Debt Maturing Within 5 Years

11,935.2

9,252.4

10,543.4

1,625.4

1,647.7

Long Term Debt Maturing Thereafter

9,765.6

9,734.0

13,175.5

14,092.2

11,318.7

Total Long Term Debt, Supplemental

26,614.0

23,875.6

26,951.8

28,421.3

21,930.8

Capital Lease Maturing Within 1 Year

42.7

21.5

66.9

65.8

71.6

Capital Lease Maturing Within 2 Years

-

-

-

61.4

28.1

Capital Lease Maturing Within 3 Years

-

-

-

19.0

37.9

Capital Lease Maturing Within 4 Years

-

-

-

24.8

56.2

Capital Lease Maturing Within 5 Years

66.1

84.5

71.0

7.3

23.9

Capital Lease Maturing Thereafter

98.4

88.6

95.6

105.2

109.6

Total Capital Leases, Supplemental

207.3

194.5

233.4

283.6

327.3

Operating Lease Maturing Within 1 Year

1,051.8

960.7

984.3

1,011.5

886.3

Operating Lease Maturing Within 2 Years

-

-

-

754.2

679.9

Operating Lease Maturing Within 3 Years

-

-

-

552.5

507.1

Operating Lease Maturing Within 4 Years

-

-

-

423.9

401.7

Operating Lease Maturing Within 5 Years

2,054.4

2,047.4

2,158.4

350.8

368.0

Operating Lease Maturing Thereafter

997.4

1,108.2

1,124.9

996.9

970.6

Total Operating Leases, Supplemental

4,103.6

4,116.3

4,267.6

4,089.8

3,813.6

Pension Obligation

25,639.9

22,011.9

25,420.0

23,070.0

19,358.9

Unfunded Plan Obligations

265.5

292.5

378.2

0.0

0.0

Fair Value of Plan Assets

18,077.7

16,515.0

19,193.3

19,402.6

17,333.4

Funded Status

-7,562.2

-5,496.9

-6,226.7

-3,667.4

-2,025.5

Pension Obligation - Foreign

15,739.7

13,125.9

16,047.9

13,397.9

12,209.2

Unfunded Plan Obligations

1,126.9

958.0

1,123.6

307.0

252.8

Plan Assets - Foreign

13,077.7

11,613.8

13,717.5

11,503.6

11,032.1

Funded Status - Foreign

-2,661.9

-1,512.1

-2,330.4

-1,894.4

-1,177.1

Total Funded Status

-11,616.6

-8,259.5

-10,058.8

-5,868.7

-3,455.4

Discount Rate - Germany

3.10%

4.70%

4.00%

5.30%

6.40%

Discount Rate - USA

2.90%

4.10%

4.80%

5.69%

6.79%

Discount Rate - Great Britain

4.40%

5.70%

5.30%

5.70%

6.50%

Compensation Rate - Germany

2.25%

2.25%

2.25%

2.25%

2.25%

Compensation Rate - USA

3.69%

3.50%

3.52%

3.76%

4.05%

Compensation Rate - GB

4.10%

5.00%

5.00%

4.90%

4.50%

Compensation Rate - Switzerland

1.50%

1.50%

1.50%

1.50%

2.50%

Compensation Rate - Netherlands

2.98%

2.95%

2.95%

2.95%

2.95%

Expected Rate of Return - Germany

6.50%

6.50%

6.50%

6.50%

6.50%

Expected Rate of Return - USA

6.96%

6.95%

6.95%

6.97%

6.97%

Expected Rate of Return - Great Britain

6.00%

6.00%

6.00%

6.50%

6.70%

Equity Securities - Domestic

27.00%

29.00%

27.00%

27.00%

29.00%

Equity Securities - Foreign

27.00%

27.00%

28.00%

29.00%

29.00%

Fixed Income - Domestic

64.00%

63.00%

62.00%

62.00%

62.00%

Fixed Income - Foreign

60.00%

62.00%

61.00%

59.00%

61.00%

Real Estate - Domestic

6.00%

6.00%

6.00%

8.00%

8.00%

Real Estate - Foreign

7.00%

8.00%

9.00%

9.00%

10.00%

Cash & Other - Domestic

3.00%

2.00%

5.00%

3.00%

1.00%

Cash & Other - Foreign

6.00%

3.00%

2.00%

3.00%

0.00%

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2012

Reclassified Normal 
30-Sep-2011

Reclassified Normal 
30-Sep-2010

Updated Normal 
30-Sep-2008

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.770534

0.717768

0.740255

0.73971

0.666382

Auditor

Ernst & Young GmbH

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

KPMG LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income After Tax

5,956.9

8,806.5

5,757.5

3,375.6

8,832.8

    Depreciation

3,561.2

3,395.2

5,056.4

3,881.2

4,821.6

    Income Taxes

2,717.6

3,109.6

2,312.7

2,017.0

1,247.0

    Net Interest

-658.0

-674.3

-386.4

93.3

-112.5

    Gain on Asset Sale

-189.5

-291.2

-352.6

-586.7

-7,641.3

    Gain on Investments

-273.8

-1,419.7

-97.3

-474.5

-52.5

    Gain on Securities

2.6

-1.4

17.6

14.9

-7.5

    Investment Income

484.1

-61.3

72.9

2,668.6

-492.2

    Other Non-Cash Items

142.8

96.1

-77.0

478.6

574.7

    Inventories

-110.3

-1,568.8

72.9

-83.8

-2,447.5

    Accounts Receivable

203.8

-870.8

-71.6

1,492.5

-1,632.7

    Other Current Assets

-

-

-209.4

139.2

250.6

    Accounts Payable

255.7

907.0

-20.3

-1,446.5

1,079.0

    Short Term Provisions

-

-

744.3

-742.2

2,121.9

    Other Current Liabs.

-

-

1,346.8

-1,030.1

6,628.3

    Other Assets/Liabs.

-2,878.5

-33.4

-278.3

-482.6

300.1

    Income Taxes Paid

-1,897.4

-2,252.8

-2,535.6

-2,076.5

-2,347.0

    Dividends Received

393.2

372.0

714.6

596.2

505.7

    Discontinued Operations

-31.1

-437.5

-

-

-

    Interest Received

1,085.0

1,086.7

926.7

1,039.6

1,313.1

    Assets

-486.7

-810.8

-840.3

-625.9

-

    Loss/Gain from Disc. Op.

772.2

1,469.8

475.5

-

-

Cash from Operating Activities

9,049.6

10,821.0

12,629.4

8,247.8

12,941.5

 

 

 

 

 

 

    Capital Expenditures

-2,862.9

-3,013.5

-2,639.6

-3,325.6

-5,583.9

    Acquisitions

-1,705.3

-422.1

-586.3

-281.2

-8,114.0

    Purch. Investments

-303.7

-1,008.7

-537.7

-1,314.0

-226.6

    Purchase Secs.

-236.2

-142.1

-186.4

-70.3

-24.0

    Receivables from Financing

-2,708.5

-2,466.0

-259.4

-669.2

-3,669.1

    Sale of Assets

977.2

2,936.9

790.3

1,654.7

1,205.0

    Sale of Businesses

120.7

246.6

232.4

-316.3

15,728.2

    Sale of Securities

184.3

52.9

59.4

47.3

73.5

    Discontinued Operations

-843.6

-1,818.1

-718.7

-

-

Cash from Investing Activities

-7,378.0

-5,634.1

-3,846.0

-4,274.6

-610.8

 

 

 

 

 

 

    Issuance of Common

-

-

-

-

0.0

    Repurchase of Stock

-2,233.5

0.0

-

-

-6,527.8

    Issue of Treasury

385.4

-1,064.4

198.6

181.2

372.2

    Issuance of Debt

6,635.7

157.4

0.0

5,371.0

8,595.7

    Repayment of Debt

-4,176.3

-2,850.5

-60.8

-1,454.6

-1,036.9

    S/T Debt Changes

-80.5

316.3

-979.4

-481.3

-6,955.5

    Interest Paid

-652.8

-661.8

-590.3

-1,026.1

-1,244.0

    Dividends Paid

-3,411.9

-3,282.4

-1,875.0

-1,865.6

-2,193.9

    Minority Dividends

-201.2

-220.1

-258.0

-217.7

-207.1

    Financing of Discontinued Operations

-924.0

-2,233.3

-252.6

-

-

    Discontinued Operations

874.7

2,255.6

243.2

-

-

Cash from Financing Activities

-3,784.4

-7,583.2

-3,574.4

507.0

-9,197.4

 

 

 

 

 

 

Foreign Exchange Effects

88.3

7.0

225.6

-52.7

-148.6

Net Change in Cash

-2,025.9

-2,389.4

5,434.6

4,427.4

2,984.8

 

 

 

 

 

 

Net Cash - Beginning Balance

16,238.1

19,821.2

13,784.4

9,367.2

7,413.2

Net Cash - Ending Balance

14,210.9

17,431.8

19,219.1

13,794.6

10,397.9

    Cash Interest Paid

652.8

661.8

590.3

1,026.1

1,244.0

    Cash Taxes Paid

1,897.4

2,252.8

2,535.6

2,076.5

2,347.0

 

Financial Health

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

Key Indicators USD (mil)

 

Quarter
Ending
30-Jun-2013

Quarter
Ending
Yr Ago

Annual
Year End
30-Sep-2012

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1 (?)

25,133.2

-1.50%

101,612.6

6.85%

0.71%

1.56%

Research & Development1 (?)

1,411.5

-0.18%

5,500.1

8.69%

2.81%

4.51%

Operating Income1 (?)

1,497.7

-31.07%

9,141.7

-14.76%

3.53%

7.09%

Income Available to Common Excl Extraord Items1 (?)

1,275.7

-13.16%

6,557.8

-29.81%

30.92%

6.56%

Basic EPS Excl Extraord Items1 (?)

1.51

-9.39%

7.66

-28.43%

31.35%

7.59%

Capital Expenditures2 (?)

1,490.8

-21.27%

2,862.9

1.99%

-3.57%

-10.07%

Cash from Operating Activities2 (?)

2,934.4

20.84%

9,049.6

-10.22%

4.55%

-0.99%

Free Cash Flow (?)

1,439.3

169.93%

6,174.9

-14.94%

9.40%

5.91%

Total Assets3 (?)

138,866.1

-1.61%

140,259.3

3.87%

4.49%

3.41%

Total Liabilities3 (?)

103,151.9

3.39%

100,452.2

6.65%

4.33%

4.39%

Total Long Term Debt3 (?)

24,953.3

25.64%

21,866.6

18.21%

-3.76%

11.35%

Employees3 (?)

-

-

370000

3.06%

-2.97%

-1.45%

Total Common Shares Outstanding3 (?)

842.7

-4.15%

856.3

-2.06%

-0.39%

-1.30%

1-ExchangeRate: EUR to USD Average for Period

0.765841

 

0.770534

 

 

 

2-ExchangeRate: EUR to USD Average for Period

0.764715

 

0.770534

 

 

 

3-ExchangeRate: EUR to USD Period End Date

0.767034

 

0.771999

 

 

 

Key Ratios

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Profitability

Gross Margin (?)

28.36%

30.34%

29.00%

27.02%

27.21%

Operating Margin (?)

9.00%

11.28%

8.79%

8.28%

3.22%

Pretax Margin (?)

9.30%

13.11%

8.66%

5.08%

3.72%

Net Profit Margin (?)

6.45%

9.82%

5.93%

2.94%

2.20%

Financial Strength

Current Ratio (?)

1.22

1.21

1.24

1.20

1.02

Long Term Debt/Equity (?)

0.55

0.45

0.62

0.71

0.53

Total Debt/Equity (?)

0.67

0.57

0.70

0.74

0.60

Management Effectiveness

Return on Assets (?)

4.88%

7.12%

4.31%

2.59%

2.00%

Return on Equity (?)

16.23%

24.05%

14.89%

8.43%

6.09%

Efficiency

Receivables Turnover (?)

5.32

4.92

4.74

5.05

4.92

Inventory Turnover (?)

3.64

3.39

3.37

3.91

4.10

Asset Turnover (?)

0.74

0.71

0.70

0.81

0.83

Market Valuation USD (mil)

P/E (TTM) (?)

15.34

.

Enterprise Value2 (?)

109,411.4

Price/Sales (TTM) (?)

0.92

.

Enterprise Value/Revenue (TTM) (?)

1.09

Price/Book (MRQ) (?)

2.46

.

Enterprise Value/EBITDA (TTM) (?)

9.74

Market Cap as of 30-Aug-20131 (?)

93,398.3

.

 

 

1-ExchangeRate: EUR to USD on 30-Aug-2013

0.755467

 

 

 

2-ExchangeRate: EUR to USD on 30-Jun-2013

0.767034

 

 

 

 

 

Ratio Comparisons

 

Traded: New York Stock Exchange: SI

Financials in: USD (actual units)

Industry: Conglomerates

As of 30-Aug-2013

Sector: Conglomerates

 

Company

Industry

Sector

S&P 500

Valuation Ratios

P/E Excluding Extraordinary (TTM) (?)

15.37

24.33

24.33

19.68

P/E High Excluding Extraordinary - Last 5 Yrs (?)

35.14

21.39

21.39

32.79

P/E Low Excluding Extraordinary - Last 5 Yrs (?)

8.22

9.29

9.29

10.71

Beta (?)

1.63

1.02

1.02

1.00

Price/Revenue (TTM) (?)

0.92

2.29

2.29

2.57

Price/Book (MRQ) (?)

2.47

4.11

4.11

3.67

Price to Tangible Book (MRQ) (?)

18.75

10.53

10.53

5.21

Price to Cash Flow Per Share (TTM) (?)

9.55

15.39

15.39

14.22

Price to Free Cash Flow Per Share (TTM) (?)

13.60

23.97

23.97

26.26

 

 

 

 

 

Dividends

Dividend Yield (?)

3.76%

2.11%

2.11%

2.26%

Dividend Per Share - 5 Yr Avg (?)

3.15

2.51

2.51

1.99

Dividend 5 Yr Growth (?)

13.40%

0.42%

0.42%

0.08%

Payout Ratio (TTM) (?)

57.10%

32.53%

32.53%

25.98%

 

 

 

 

 

Growth Rates (%)

Revenue (MRQ) vs Qtr 1 Yr Ago (?)

-1.50%

10.44%

10.44%

15.58%

Revenue (TTM) vs TTM 1 Yr Ago (?)

0.11%

13.43%

13.43%

17.69%

Revenue 5 Yr Growth (?)

1.56%

7.30%

7.30%

8.97%

EPS (MRQ) vs Qtr 1 Yr Ago (?)

-9.38%

0.66%

0.66%

19.49%

EPS (TTM) vs TTM 1 Yr Ago (?)

-3.54%

24.54%

24.54%

32.55%

EPS 5 Yr Growth (?)

7.61%

2.42%

2.42%

9.86%

Capital Spending 5 Yr Growth (?)

-10.07%

1.98%

1.98%

-2.04%

 

 

 

 

 

Financial Strength

Quick Ratio (MRQ) (?)

0.81

1.45

1.45

1.24

Current Ratio (MRQ) (?)

1.21

2.15

2.15

1.79

LT Debt/Equity (MRQ) (?)

0.70

0.48

0.48

0.64

Total Debt/Equity (MRQ) (?)

0.83

0.55

0.55

0.73

Interest Coverage (TTM) (?)

-

24.50

24.50

13.80

 

 

 

 

 

Profitability Ratios (%)

Gross Margin (TTM) (?)

27.77%

46.41%

46.41%

45.21%

Gross Margin - 5 Yr Avg (?)

28.44%

46.41%

46.41%

44.91%

EBITD Margin (TTM) (?)

9.97%

20.20%

20.20%

24.43%

EBITD Margin - 5 Yr Avg (?)

12.00%

23.63%

23.63%

22.84%

Operating Margin (TTM) (?)

8.29%

19.15%

19.15%

20.63%

Operating Margin - 5 Yr Avg (?)

7.74%

18.21%

18.21%

18.28%

Pretax Margin (TTM) (?)

8.29%

18.52%

18.52%

17.95%

Pretax Margin - 5 Yr Avg (?)

8.11%

18.25%

18.25%

17.10%

Net Profit Margin (TTM) (?)

5.98%

13.42%

13.42%

13.65%

Net Profit Margin - 5 Yr Avg (?)

5.79%

12.40%

12.40%

12.10%

Effective Tax Rate (TTM) (?)

27.90%

27.83%

27.83%

28.45%

Effective Tax rate - 5 Yr Avg (?)

28.68%

30.67%

30.67%

29.92%

 

 

 

 

 

Management Effectiveness (%)

Return on Assets (TTM) (?)

4.29%

11.38%

11.38%

8.54%

Return on Assets - 5 Yr Avg (?)

4.29%

13.98%

13.98%

8.40%

Return on Investment (TTM) (?)

7.26%

7.40%

7.40%

7.90%

Return on Investment - 5 Yr Avg (?)

7.42%

10.88%

10.88%

8.27%

Return on Equity (TTM) (?)

15.22%

25.06%

25.06%

19.72%

Return on Equity - 5 Yr Avg (?)

14.28%

30.49%

30.49%

20.06%

 

 

 

 

 

Efficiency

Revenue/Employee (TTM) (?)

275,504.70

343,723.16

343,723.16

927,613.77

Net Income/Employee (TTM) (?)

16,471.40

46,856.96

46,856.96

116,121.92

Receivables Turnover (TTM) (?)

4.82

7.20

7.20

13.25

Inventory Turnover (TTM) (?)

3.27

6.24

6.24

14.53

Asset Turnover (TTM) (?)

0.72

0.89

0.89

0.93

 

 

Annual Ratios

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

30-Sep-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Financial Strength

Current Ratio (?)

1.22

1.21

1.24

1.20

1.02

Quick/Acid Test Ratio (?)

0.72

0.72

0.81

0.76

0.63

Working Capital1 (?)

12,294.1

12,051.1

13,063.6

10,448.2

1,111.1

Long Term Debt/Equity (?)

0.55

0.45

0.62

0.71

0.53

Total Debt/Equity (?)

0.67

0.57

0.70

0.74

0.60

Long Term Debt/Total Capital (?)

0.33

0.29

0.36

0.41

0.33

Total Debt/Total Capital (?)

0.40

0.36

0.41

0.42

0.38

Payout Ratio (?)

50.84%

36.38%

57.28%

61.44%

84.16%

Effective Tax Rate (?)

28.77%

23.23%

28.66%

36.85%

35.32%

Total Capital1 (?)

66,632.2

66,373.9

65,883.2

67,653.3

60,193.5

 

 

 

 

 

 

Efficiency

Asset Turnover (?)

0.74

0.71

0.70

0.81

0.83

Inventory Turnover (?)

3.64

3.39

3.37

3.91

4.10

Days In Inventory (?)

100.28

107.59

108.36

93.43

88.97

Receivables Turnover (?)

5.32

4.92

4.74

5.05

4.92

Days Receivables Outstanding (?)

68.60

74.25

77.08

72.23

74.14

Revenue/Employee2 (?)

274,108

273,853

280,264

276,644

254,373

Operating Income/Employee2 (?)

24,660

30,885

24,630

22,907

8,198

EBITDA/Employee2 (?)

33,623

39,866

34,532

33,164

18,116

 

 

 

 

 

 

Profitability

Gross Margin (?)

28.36%

30.34%

29.00%

27.02%

27.21%

Operating Margin (?)

9.00%

11.28%

8.79%

8.28%

3.22%

EBITDA Margin (?)

12.27%

14.56%

12.32%

11.99%

7.12%

EBIT Margin (?)

9.00%

11.28%

8.79%

8.28%

3.22%

Pretax Margin (?)

9.30%

13.11%

8.66%

5.08%

3.72%

Net Profit Margin (?)

6.45%

9.82%

5.93%

2.94%

2.20%

R&D Expense/Revenue (?)

5.41%

5.32%

5.16%

5.09%

4.89%

COGS/Revenue (?)

71.64%

69.66%

71.00%

72.98%

72.79%

SG&A Expense/Revenue (?)

14.26%

13.97%

14.01%

14.22%

17.57%

 

 

 

 

 

 

Management Effectiveness

Return on Assets (?)

4.88%

7.12%

4.31%

2.59%

2.00%

Return on Equity (?)

16.23%

24.05%

14.89%

8.43%

6.09%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share2 (?)

7.21

8.60

11.61

6.14

7.99

Operating Cash Flow/Share 2 (?)

10.55

11.92

14.67

10.29

14.06

1-ExchangeRate: EUR to USD Period End Date

0.771999

0.745323

0.732493

0.684135

0.711921

2-ExchangeRate: EUR to USD Average for Period

0.771999

0.745323

0.732493

0.684135

0.711921

 

Current Market Multiples

Market Cap/Earnings (TTM) (?)

16.04

Market Cap/Equity (MRQ) (?)

2.58

Market Cap/Revenue (TTM) (?)

0.92

Market Cap/EBIT (TTM) (?)

12.12

Market Cap/EBITDA (TTM) (?)

8.19

Enterprise Value/Earnings (TTM) (?)

19.08

Enterprise Value/Equity (MRQ) (?)

3.06

Enterprise Value/Revenue (TTM) (?)

1.09

Enterprise Value/EBIT (TTM) (?)

14.41

Enterprise Value/EBITDA (TTM) (?)

9.74

 

 

 

 

Stock Report

  

                             Stock Snapshot      

 

Traded: New York Stock Exchange: SI  

As of 30-Aug-2013    US Dollars

Recent Price                $106.16              EPS                       $7.20

52 Week High              $113.16              Price/Sales           0.90

52 Week Low               $93.55                Dividend Rate       $4.00

Avg. Volume (mil)        0.40                    Price/Earnings      14.76

Market Value (mil)       $93,420.13          Price/Book            2.24

                                                              Beta                      1.63

 

                             Price % Change             Rel S&P 500%

4 Week                  -4.46%                            0.03%

13 Week                1.01%                             0.87%

52 Week                13.58%                           -2.66%

Year to Date          -3.02%                            -15.30%

 

 

                        2 Year Weekly End Price & Volume

 

Stock History    

 

 

Market Cap History

 

30-Jun-13

% Chg

31-Mar-13

% Chg

31-Dec-12

% Chg

30-Sep-12

% Chg

30-Jun-12

% Chg

Total Common Shares Outstanding

843

-0.1

843

0.1

843

-1.6

856

-2.6

879

0.0

Market Cap

85,379.0

-6.1

90,909.3

-1.5

92,255.8

7.6

85,755.9

16.0

73,915.4

-16.6

Yearly Price History

 

2013

% Chg

2012

% Chg

2011

% Chg

2010

% Chg

2009

% Chg

High Price

113.16

2.2

110.76

-24.5

146.74

17.2

125.25

21.5

103.08

-35.4

Low Price

98.69

26.7

77.88

-8.2

84.86

2.6

82.74

74.1

47.53

8.3

Year End Price

106.16

-3.0

109.47

14.5

95.61

-23.1

124.25

35.5

91.70

21.1

Monthly Price History

Price Ending Date

Open

High

Low

Close

Volume

 

30-Aug-13

111.07

112.54

105.68

106.16

6,545,633

 

31-Jul-13

103.82

111.34

99.38

110.46

11,925,395

 

28-Jun-13

106.63

107.77

99.07

101.31

7,289,054

 

31-May-13

103.78

108.73

103.26

105.10

8,173,294

 

30-Apr-13

108.11

110.36

98.69

104.51

9,312,508

 

28-Mar-13

103.25

113.16

102.72

107.80

6,276,224

 

28-Feb-13

109.12

109.89

101.59

103.78

5,472,806

 

31-Jan-13

111.17

112.73

107.84

109.52

6,553,963

 

31-Dec-12

104.16

110.76

103.16

109.47

5,425,231

 

30-Nov-12

101.29

103.80

97.34

103.50

7,538,518

 

31-Oct-12

101.17

105.10

98.34

100.91

7,938,539

 

28-Sep-12

94.80

105.14

93.55

100.15

13,554,544

 

31-Aug-12

85.38

95.23

82.55

94.28

13,131,262

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.06

UK Pound

1

Rs.102.03

Euro

1

Rs.85.27

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.