Siemens AG

As of August 2018, Siemens AG operates in more than 200 countries and specializes in areas such as electrification, automation and digitalization. Siemens is one of the world's largest suppliers of energy-efficient and resource-saving technologies. The company is one of the leading manufacturers of combined-cycle plants for efficient energy production, a supplier of solutions for its transfer, a pioneer in the field of infrastructure solutions, automation technologies and software for industry.

The company is a major manufacturer of medical imaging equipment (computer and magnetic resonance imaging) and laboratory diagnostics.

Structure

In August 2018, a new Siemens AG structure was announced. Three operating companies:

• and Oilgas power (GP)
• Intelligent Infrastructure (SI)
• Digital Production "(DI).

Strategic Companies:

• Siemens Healthineers,
• Siemens Gamesa,
• created by Siemens Alstom.
• Next47 - for investing in IT startups.

Performance indicators

2021: Revenue - €62.27 billion, profit - €6.7 billion

At the end of fiscal 2021, Siemens raised 62.27 billion euros against 55.25 billion euros a year earlier. Most of the turnover - 16.51 billion euros - fell on the Digital Industries division, which develops solutions for automating the work of enterprises. On an annualized basis, revenues for this business increased by 14%.

Smart Infrastructure registered a 5 percent increase in annual sales, to 15.02 billion euros. The revenue of the Mobility division also increased - by 2%, to 9.23 billion euros.

Siemens also reports data on the subsidiary manufacturer of medical devices Siemens Healthineers: its revenue for the year grew by 19% and reached almost 18 billion euros.

It follows from the reporting that revenues in the direction of financial services (Siemens Financial Services) for the year decreased - from 716 million to 697 million euros. The total revenue of Siemens portfolio companies decreased by 5%, to 3.06 billion euros.

As of September 30, 2021, the Siemens group had a total of 285 thousand employees against 293 thousand people compared to the same period in 2020. In Germany, the number of personnel during this time decreased from 90 thousand to 86 thousand employees, and in the rest of the countries combined - from 203 thousand to 198 thousand employees.

Siemens' net profit in fiscal 2021 turned out to be almost 6.7 billion euros, while in 2020 - 4.2 billion euros. Profits at the Digital Industries division rose from €3.25 billion in 2020 to €3.36 billion a year later. Smart Infrastructure's profit rose from 1.3 billion to 1.74 billion euros, Mobility - from 822 million to 857 million euros.

Siemens' net debt by the end of September 2021 was equal to 13.86 billion euros against 10.19 billion euros a year earlier. The debt-to-debt EBITDA ratio rose from 1.3 to 1.5.^[1]

Acquisitions and divestment

Main article: Acquisition and sale of Siemens assets

Business in Russia

Main article: Siemens Russia

Siemens implements Russia in large projects in, to power railway transport and healthcare. In the IT market, the concern is represented by the activities of some subsidiaries, including a Siemens PLM Software major global provider of software solutions for product lifecycle management () PLM and manufacturing.

History

2021

Creation of a consortium for the introduction of quantum technologies in industry

In mid-June 2021, BMW, along with BASF, Boehringer Ingelheim, Bosch, Infineon, Merck, Munich Re, SAP, Siemens and Volkswagen, created the Quantum Technology and Application Consortium (QUTAC), whose members intend to develop a large number of examples for use in industry to create demand for quantum computing. According to QUTAC, this will accelerate the development of technology in Germany and Europe. Read more here.

Roland Bush accepts presidency from Joe Kaeser

On February 3, 2021, Siemens AG announced that on February 1, Joe Kaeser transferred the board to a technology concern headquartered in Munich to his successor Roland Bush. This step was the completion of the transfer of cases to the next generation of Siemens management. Read more here.

Joe Kaeser worked at Siemens for more than 40 years, 7 of them as president and chairman of the board. During this time, he updated and completely reorganized the company's activities.

Prior to assuming the position of President of the company, Bush held the positions of Chief Technology Officer and for a short time - Director of Labor, Director of Operations and Deputy President.

The Bush-led revamped management team includes Ralph P. Thomas (Chief Commercial Officer), Judith Wiese (HR Director), Cedric Naike (Digital Manufacturing Management) and Matthias Rebellius (Intelligent Infrastructure Management).

2020

Software sales up 3%

At the end of fiscal 2020, Siemens raised 57.13 billion euros, which is 2% less than a year ago. The report for 2019 fingod included sales of 86.85 billion euros, but a year later the amount was revised after the separation of assets (among them - the Spanish manufacturer of wind turbines Gamesa and the division of oil and gas and electric power solutions).

At an extremely difficult time for the economy, the concern achieved high financial performance in fiscal 2020, while successfully implementing the historical transformation of the group of companies. Despite the serious problems around the world caused by the COVID-19 pandemic, Siemens successfully ended the financial year with high performance. In appreciation for outstanding performance during the crisis, the company pays about 200 million euros in bonuses to its employees around the world, the industrial giant said in a statement.

Software sales from Siemens in 2020 increased by 3%

In fiscal 2020, Siemens revenue in the countries, Europe, and CIS Africa Middle East amounted to 28.57 billion euros, which is 11% less than a year ago. North America South America In and revenues decreased by 9%, to 17 billion euros, of which USA 14.46 billion euros accounted for (a 1% decline). Asia Australia In and registered a 2 percent rise in turnover, up to 14.36 billion euros, including 7.84 billion euros in (+ 11%). China

The Digital Industries division, which develops solutions for automating the work of enterprises, fell to 15 billion euros in 2020, from 16.09 billion euros a year earlier. In the Siemens Smart Infrastructure division (specializing in energy distribution technologies and solutions for smart buildings), revenues decreased from 14.6 billion to 14.32 billion euros. Siemens software sales rose 3% year-on-year to €4.14 billion.

Siemens' net profit in fiscal 2020 was €4.2 billion, down 26% from the previous year.^[2]

Join forces with SAP to accelerate industrial transformation

On July 16, 2020, Siemens and SAP announced a partnership that will help focus efforts and industry experience, as well as create software products. Thanks to such cooperation, companies will be able to complement and integrate existing offers for customers, accelerating the transformation of industries around the world. Read more here.

Transforming the Energy Business into a Separate Siemens Energy Company

On July 8, 2020, it became known that Siemens decided to separate the energy business into a separate structure. A public offering on the exchange of a new company called Siemens Energy is scheduled for September 28, 2020. Read more here.

Establishment of a fund to combat COVID-19

On April 15, 2020, it became known that the board of Siemens AG decided to establish a fund to combat COVID-19. Under the auspices of the public non-profit organization Siemens Caring Hands e. V. ("Caring Hands") The fund will provide unlimited support to organizations and medical institutions, as well as individuals around the world affected by coronavirus infection.

All Siemens AG employees will now be able to donate money to Caring Hands, indicating COVID-19 as their appointment. Siemens AG will transfer the same amount to the fund - that is, it will make a similar contribution to Caring Hands. According to the charter, then the charity will independently send funds to those who need them most.

Both medically and socially, COVID-19 has become a challenge that we have not yet had to face in peaceful times. It is this kind of responsible approach that is more important than ever - for the sake of our company's future, for the health and economic security of our employees and business partners, and for the cohesion of the global community,

2019

Software business showed an increase of 8%

In fiscal 2019, Siemens generated €86.8 billion, up 3% from sales a year earlier. The volume of orders from the company during this time increased by 6%, to 98 billion euros.

The software business brought Siemens annual revenue of 4.04 billion euros, which is 13% more than a year ago. If you do not take into account fluctuations in exchange rates, then sales software from the company increased by 8%.

Siemens 2019 Revenue Figures

The software industry belongs to the Digital Industries division, which develops solutions for automating the work of enterprises. In 2019, sales at Digital Industries reached 16.09 billion euros, which is 3% more than a year earlier.

In 2019, Siemens received approximately €44.36 billion of revenue in Europe, Africa and the Middle East (EMEA), up 4% year-on-year. In Germany, revenues increased by 5%, to 12.28 billion euros.

In the Americas, the company raised 23.8 billion euros against 22.12 billion euros a year earlier. In the American market, sales increased by 12%, to 17.99 billion euros.

Revenues in Asia and Australia from Siemens in 2019 amounted to 18.69 billion euros, an increase of 3% on an annualized basis. In China, turnover grew by 4%, to 8.4 billion euros.

Siemens' net profit in fiscal 2019 was €5.65 billion against €6.12 billion in profit a year ago. This decline in the company due to the fact that in 2018 a one-time inflow of income related to taxes was taken into account when transferring shares from Atos SE to Siemens Pension-Trust e. V. and the sale of OSRAM shares to Licht AG.

Profit in the Digital Industries division was €2.88, which is almost exactly in line with profit in the 2018 financial year. The Smart Infrastructure division registered a slight decrease in annual profit - from 1.57 to 1.5 billion euros.^[3]

Hired programmer infected Siemens spreadsheets with virus and repaired them for money

In mid-July 2019, a former Siemens contractor pleaded guilty to intentionally infecting company documents. It turned out that he launched the virus into Siemens spreadsheets he created, and then repaired them for a fee. For these crimes, 62-year-old programmer David Tinley from suburban Pittsburgh faces up to 10 years in prison, a fine of $250,000 or both. Read more here.

2700 job cuts

On June 18, 2019, Siemens announced 2,700 job cuts worldwide. Roughly 1,400 employees will be laid off in Germany.

Personnel cleaning primarily affected projects and business areas in the field of electricity transmission, as well as support departments.

According to Reuters, the German industrial giant is liquidating its working positions in the new energy company, to which Siemens transferred its Neftegaz and power division, as well as a stake in Siemens Gamesa Renewable Energy SA (SGRE). The annual revenue of this company is estimated at 30 billion euros, the number of personnel in it is 80 thousand people (as of June 2019).

Siemens will cut 2.7 thousand jobs worldwide

Siemens will soon begin consulting with parties that represent the interests of employees in order to implement the planned measures as much as possible in accordance with social norms, the corporation said in a statement on the occasion of the layoffs.

Siemens added that job cuts are associated with structural changes in the energy industry and process optimization.

According to the concern, against the background of difficult market conditions, the creation of a separate energy company will require additional savings of 500 million euros to increase its price competitive advantages in the market. As part of this work, 2.7 thousand employees are laid off, they will last several years.

Siemens plans to implement a retraining program due to structural changes in the industry, so that new reductions will be socially responsible.

 In May 2019, Siemens announced plans to lay off 10,400 people to cut costs by €2.2bn by 2023. Most of the cuts affected administrative and support positions.^[4]

Publish Security Recommendations for Industrial Computers

In January 2019, Siemens provided detailed recommendations for industrial computer safety settings. The documents published by the German concern are designed to reduce the risks of using equipment running Windows 10 and Windows 7 operating systems at enterprises.

One of the documents contains recommendations for configuring physically isolated PCs. The second describes how to safely configure computers connected to the network.

Siemens Publishes Safety Recommendations for Industrial Computers

For example, Siemens recommends that users not install any programs, and for this it is necessary to organize an automatic refusal to request a password that gives administrator rights.

The company also considers it necessary to implement an Enhanced Write Filter (EWF). This add-on makes the disk volume read-only. In this case, the write operations that are performed with the data stored on this disk volume are redirected to its overlay, which may be located on another disk or in the computer memory. Windows treats EWF overlay and its disk volume as a single device. In this case, in fact, no changes occur on the disk volume. All changes are saved only in the EWF overlay.

In addition, Siemens recommends allowing users to stop processes in the system only after authorization in it, using the AppLocker tool (moves the application control capabilities and functionality of software restriction policies), prohibiting access to Windows applications and their properties through the desktop and the Start menu, restrict functionality after pressing Ctrl + Alt + Del.

Full recommendations for security settings for industrial computers are published here [1] and here. [2]

2018

Complete restructuring of the business with a focus on three areas

The main goal of the Vision 2020 + corporate strategy (a continuation of the Vision 2020 strategy launched by Siemens in 2014) is to give individual business units of the concern more freedom to make decisions so that, acting under the strong Siemens brand, they can focus their efforts on their markets. The plans also provide for the strengthening of the portfolio through investments in new areas of growth, such as integrated services for IoT, energy distribution and infrastructure solutions for electric transport.

The new structure of the company comes into force at the beginning of the new financial year - October 1, 2018. Its implementation will be phased and will be completed by March 31, 2019. The departments of Automation and Building Safety (BT), Electricity Management (EM), Energy and Gas Production (PG), Digital Production (DF), as well as a significant part of the department of Continuous Production and Drives (PD) will be merged into three new operating companies. The company's business units will also be restructured and integrated into three operating companies.

Operating companies:

• Neftegas & power (GP)
• Intelligent Infrastructure (SI)
• "Digital Manufacturing" (DI)

Heads of new operating companies will continue to work for Siemens AG Management Board.

The strategic companies will include two consolidated companies - Siemens Healthineers and Siemens Gamesa Renewable Energy, which are majority owned by Siemens. Until the merger with Alstom is completed, this group will also include the Mobility department.

The Vision 2020 strategic program, launched by Siemens in 2014, has already been implemented as a whole, and is more successful and faster than planned.

"We've done a great job over the last four years. And to date, almost all of our business units have significantly increased their profitability. Customer satisfaction is at the highest level. And our Digital Production department occupies a leading position in the industrial digitalization market, "said Joe Kaeser, President and Chairman of the Board of Siemens AG.

Companies often delay necessary changes until they face obvious complications, Kaeser said.

"It would be irresponsible to rest on your laurels," he says. - The world around us is changing faster, and we need to be ready for any development of events. We are confident that now is the right time to consistently shape the future of our company. "

The President of Siemens AG considers digitalization, which is also compared to the Fourth Industrial Revolution, the largest transformation of the industry in its history.

"What will remain is not the largest companies, but only those that can better adapt to the new conditions. That is why we are actively developing our corporate culture and giving our business units more entrepreneurial freedom. The changes also affect the distribution of work functions, "notes Kaeser.

In addition, in the markets where the company operates, there is a paradigm shift associated with global trends such as the development of electric transport and distributed power systems. Siemens intends to actively use these changes.

The goal of the new company structure is to provide greater entrepreneurial freedom for individual Siemens business units. As a result, the existing level of departments will be abolished, and the regional structure will be changed to further focus on clients.

"By constantly developing our strategy, we are creating a new generation of Siemens. Less control from headquarters and more freedom for our units will allow us to be stronger and more flexible, "Kaeser said.

The corporate structure will include three operating and three strategic companies. The reorganization will allow Siemens to strengthen its focus on customers and fully comply with the requirements of the industries in which the concern operates.

"The days when companies engaged in the product and design business, software and services, with their various requirements, could be managed centrally and efficiently, have already ended," said the president and chairman of the board of Siemens AG.

Previously, the corporation's divisions included:

• Siemens Industry Automation Division
• Siemens Building Technologies
• Siemens Communications, Media and Technology (CMT)

In the top ten most expensive German brands

In January 2018, the company entered the top ten most expensive German brands, according to a rating compiled by advertising and communication holding WPP and marketing agency Kantar Millward Brown. Read more here.

2017

IT-Business helped boost revenue

In fiscal 2017, Siemens saw a 4% increase in revenue and an 11% increase in profit, largely helped by strong IT-Business performance.

In the 12-month reporting period ending September 30, 2017, Siemens sales reached €83 billion, against €79.6 billion a year earlier. Net profit during this time rose to 6.18 billion euros from 5.58 billion euros.

IT-Business helped Siemens boost revenue

Siemens' annual revenue from software sales (including the Internet of Things operating system MindSphere) reached 4 billion euros, from sales of digital services - 1.2 billion euros. On an annualized basis, these figures increased by 20% in total. The company expects growth in these revenues of about 8% per year between 2018 and 2022.

In fiscal 2017, so-called advanced automation technologies brought Siemens about 19 billion euros in revenue, classic services - 17 billion euros. This direction, the report said, will show annual growth of 3% in 2018-2022.

The annual turnover in the Digital Factory division, which is responsible for the production of hardware and software solutions for industrial enterprises (this includes the software manufacturer Siemens PLM Software), amounted to 11.38 billion euros, which is 12% more than a year ago. This rise turned out to be almost the highest among all business areas, except Siemens Gamesa Renewable Energy (renewable energy business). Digital Factory's profit climbed from 1.7 billion euros to 2.1 billion euros.

Siemens Financial Performance in Fiscal Years 2016 and 2017

Siemens receives most of its revenues in Europe, the Middle East and Africa (EMEA). There, the company's annual revenue amounted to 43.4 billion euros, which is 4% more than in 2016. The countries of the Americas also recorded a 4 percent rise - up to 23.5 billion euros.^[5]

At the end of September 2017, Siemens had 372 thousand employees worldwide.

Possible superiority of Siemens Healthiners

In December 2017, it became known that Siemens Healthiners it could one day overtake the parent company in size and budget. According to Siemens CEO Joe Kaeser, this was made possible thanks to the upcoming partial branch of a subsidiary in 2018, which will now be devoted only to work in the field. health care More. here

Reduction of 7 thousand jobs

On November 16, 2017, Siemens announced that it was cutting 6,900 employees, or almost 2% of its global workforce, in order to adapt the business to structural changes in the energy industry and industrial sectors, CNBC reports.^[6]

The energy industry is undergoing an unprecedented turnaround as renewables compete increasingly with other methods of generating electricity... Acting quickly but cautiously, we want to adjust to these changes, while investing in technologies focused on the future, "said Siemens board member Lisa Davis[7]

The goal of reducing almost 7 thousand employees in Siemens called the adaptation of the business to structural changes in the energy industry

From the press release of Siemens it follows that the planned layoffs will take place over several years, and more than half of them will be in Germany. The largest reductions will affect the division engaged in the production of energy equipment, where it is planned to lay off 6100 employees, of which 2600 are in the homeland of the concern.

The downsizing is necessary to ensure competitiveness in the technology market for power plants, generators and powerful electric motors in the future. It is this goal that we pursue with this measure, "said Janina Kugel, head of the personnel department at Siemens, adding that the company will try to act as carefully and thoughtfully as possible, and the process itself will be long.

Siemens also promised that they would try to transfer as many employees as possible to the company's 3.2 thousand vacant positions.

Meanwhile, union officials slammed Siemens, accusing the company of responding belatedly to a crisis in traditional electricity generation methods. The largest German trade union IG Metall called the scale of the cuts unacceptable and demanded to abandon forced layoffs, reports Reuters.^[8]

2016

Construction of a new campus in Erlangen, Germany

In December 2016, Siemens announced the construction of a new office complex in the German city of Erlangen. The company is positioning a new facility called Siemens Campus Erlangen as its most advanced campus in the world.

The center will house office and residential premises, restaurants, a hotel, various service enterprises, research departments and laboratories of Siemens. First, eight office buildings, three multi-storey parking lots for cars and a dining room designed for 7 thousand people will be built. The second module of the campus will involve the construction of a 70-meter skyscraper. It is planned to complete the construction of the entire complex in 2030.

Siemens builds new campus for €500m

The buildings, which will cover an area of ​ ​ more than 54 hectares, will use the most advanced construction and energy technologies. Siemens notes that this is the first office of the company that will not emit carbon dioxide. gas

Siemens Campus Erlangen will essentially be a new district of the city, covering an area equivalent to more than 75 football fields.

The project was developed in the Frankfurt architect company KSP Jurgen Engel Architekten and will be implemented in close cooperation with the authorities of Erlangen and Bavaria. The planned investment in the construction of the facility is 500 million euros.

The new campus will be an important symbol of Bavaria's importance as an innovative business center. His influence will spread far beyond Germany, says Bavarian Interior Minister Joachim Herrmann. - Siemens Campus Erlangen will create a completely new living urban district that will benefit all our citizens.[9]

Revenue 79.6 billion euros, net profit - 5.6 billion

In the 2016 financial year ended September 30, 2016, the group's turnover amounted to 79.6 billion euros, and net profit - 5.6 billion euros. At the end of September 2016, Siemens employed 351,000 employees worldwide.

Siemens and Bentley Systems to invest €50 million in joint development

Siemens and Bentley Systems entered into a strategic partnership agreement in November that will help move industry to digital technology, improve the quality of infrastructure projects and return on assets in other business areas. In the first phase, Siemens and Bentley Systems will invest at least 50 million euros in the development of joint technologies. It is also planned to expand the service lines of both companies for users.

With the help of cloud technologies of new services, a combined data environment will be created. This will bring companies' practices closer together in the use of engineering digital models. In addition, Siemens will acquire 70 million euros worth of Bentley's secondary shares in a program valid before the start of public sales of Bentley Systems shares.

Siemens and Bentley Systems have been familiar with each other's technologies for several years. For example, Siemens uses Bentley's Digital Technology and Production Automation solutions. Bentley's reality modeling software has been integrated into the Siemens Process Simulate software solution. This is laser scanning and point cloud technology that allows you to capture existing conditions in industrial areas. Turnkey Manufacturing Systems (TMS), a supplier of machine manufacturing equipment, has successfully applied innovative point cloud capabilities to create a "digital twin" of its production line to reduce time and costs.

Investment initiatives will affect almost all Siemens divisions. In turn, Bentley will gain production experience by introducing its applications to Siemens for design, analytical and construction modeling, as well as enterprise planning. As a result, comprehensive and affordable digital engineering models, such as the "digital twin," which can be viewed through the virtual reality interface, will achieve high operational performance, provide convenient access to information and improve asset reliability. This work will combine engineering models in the 3D context of physical reality and corresponding functional 2D engineering models in Siemens solutions.

Siemens and Bentley Systems will collaborate on energy management, power generation, construction technology and information mobility. Both companies will be able to use new methods in their industries to offer innovative services in their markets. For example, Bentley's 3D modeling and structural analysis applications complement Siemens' electrification and automation solutions and expertise. Customers of both companies will benefit from this, who will be able to increase the profitability and efficiency of their projects and assets. It will be possible to model not only the operation of the enterprise, but also the commissioning procedure. The joint development between Siemens and Bentley Systems will support open data formats and interoperability with other products.

Opening of a new headquarters in Munich

On June 24, 2016, Siemens opened a new headquarters in Munich, which will employ up to 1,200 employees.

The new building meets the world's highest standards of sustainability and energy efficiency. For example, about 7,400 LED lamps are used to illuminate the premises, as well as presence and sunlight sensors, which reduce energy consumption by a quarter.

Some facts about the new Siemens headquarters

Over 800 solar panels are located on the roof of the 1,300-square-meter building, providing the headquarters with about one third of the required energy. A rainwater system was also introduced: annually about 1,500 cubic meters of such water will be used for toilets and cleaning the facades of the building.

In addition, Siemens reported the presence of about 5,000 smoke and fire sensors, as well as other sensors, which together generate about 30,000 units of data, which are subsequently analyzed for effective maintenance of the building.

Some facts about the new Siemens headquarters

The development of the project of the new Siemens headquarters began in 2010. Then the winner of the corresponding tender for the creation of the architectural appearance of the building was the Danish company Henning Larsen Architects. The project was carried out jointly with Siemens Real Estate, which is responsible for all transactions with real estate owned by the concern.

The process of establishing the Siemens Munich headquarters lasted a total of six years, of which 1.5 years took the development of the project, 1 year - the dismantling of buildings located on the territory of the future Siemens office. The construction of the building used 6,000 tones of reinforcing steel, 16,000 square meters of glass panels for facades and 40,000 cubic meters of concrete.

The development area was 11,000 square meters, and the area of ​ ​ the premises was 45,000 square meters (excluding underground floors).^[10]

2015: Reduction plan for 7,400 employees (2% of staff)

German Siemens plans to cut about 7.4 thousand jobs, reports Bloomberg. About 3.3 thousand of them will be reduced in Germany as part of a massive restructuring plan for the company. These layoffs will account for about 2% of Siemens worldwide, which exceeds 300 thousand people. It is not yet clear whether the layoffs will be part of or in addition to the target reduction of 11.6 thousand positions, which was announced in May 2014.

The layoffs are planned as part of a restructuring announced in May 2014 and are expected to save around €1 billion. These funds will be aimed at innovation, production initiatives and increasing the pace of development.

2014: Falling profits from geopolitical tensions

At the end of January, Siemens published statements for the first quarter of fiscal 2015, in which it drew attention to the difficult conditions of doing business, including due to geopolitical tensions. The company's net profit in October-December 2014 fell by 25 percent - to 1.08 billion euros, profit from ongoing operations - by 18 percent, to 1.11 billion euros.

2009: Turnover 76.7 billion euros, profit - 2.5 billion

In the 2009 financial year (as of September 30), the group's turnover amounted to 76.7 billion euros, and net profit - 2.5 billion euros. About 23 billion euros, or 1/3 of the company's annual turnover, comes from environmentally friendly products and solutions.

2008: Siemens' Share Dynamics in the Cell Phone Market

Mobile phone and smartphone sales leaders from 1992 to 2018 in animation below.

1906: Release of one of the first vacuum cleaners

One of the first vacuum cleaners is Elmo manufactured by Siemens. 1906.

1889: Company founder Werner Siemens steps down from company management

Since 1889, Werner Siemens began to move away from active management of Siemens & Halske, which by that time, together with branches in, and St. Petersburg, To Vienna London already consisted of 5,000 employees. At the end of 1889, Siemens finally moved away from the leadership of Siemens & Halske.

1879: Prototype of the tramway

Prototype of a tram: Siemens & Halske electric railway at an exhibition in Berlin, 1879.

1847: Founding of Siemens & Halske by Werner Siemens and Johann Georg Galske

Werner Siemens, together with the talented mechanic Johann Georg Galske, founded Siemens & Halske, which, in addition to selling telegraph devices, covered many areas of precision mechanics and optics. The company was also engaged in the creation of electric medical devices. Read more here.

Notes