What is Siemens?
Siemens (SIE) is a global diversified company specialised in electrical engineering and electronics. It is one of the world’s biggest producers of energy-efficient technologies, and a leading supplier of systems for power generation and transmission as well as medical diagnostics.
Siemens prides itself on its pioneering role in infrastructure and industry solutions.
The company offers products and solutions via the following business units: Building Technologies, Energy Management, Digital Factory, Financial Services, Healthcare, Mobility, Power Generation Services, Power and Gas, Process Industries and Drives, and Wind Power. Siemens Real Estate is responsible for the management of the company’s real estate holdings.
Who are the key people at Siemens?
Joe Kaeser has served as President and Chief Executive Officer of Siemens AG since August 2013. He has been with the company since 1980. Other key figures at Siemens AG include Dr Roland Busch (Chief Technology Officer) and Dr Ralf P. Thomas (Chief Financial Officer).
A brief history of Siemens
Siemens traces its history all the way back to 1847 when inventor Werner von Siemens established a telegraph construction company in Berlin. The business grew rapidly, expanding into global markets and becoming a worldwide corporation. In the 1950s it entered new lines of business such as data processing.
Siemens AG was founded in 1966, and in 1989 its organisation was overhauled to make its individual units more autonomous. In 1998 Siemens launched a Ten-Point Program under which it retained only those activities in which it was first or second in the global market. The price of Siemens stock soared, and revenues and profits improved substantially.
Following the so-called “compliance crisis” of 2006, which led to a €1.2 billion penalty, Siemens replaced a large number of senior managers and brought in former German finance minister Theo Waigel to oversee its compliance efforts.
Where does Siemens operate?
Siemens is headquartered in Berlin and Munich, and employs approximately 377,000 people around the world. It is a truly global company, with production and manufacturing plants, office buildings, warehouses and R&D facilities all across the globe.
Siemens has a presence in North & South America, in most European countries, in key markets in the Asia-Pacific region, and on the African continent (Egypt, Morocco, Mozambique, South Africa and other countries).
Where is Siemens traded?
Siemens stock is listed on the Deutsche Börse and is a constituent of Germany’s benchmark DAX 30 index. Check out Capital.com for the latest SIE chart and follow the Siemens share price (SIE Siemens AG share price).