Germany has always secured a special position among the European nations. The global leading companies in many sectors such as banking, financing, insurance and reinsurance, automobiles, energy, telecommunications and healthcare have their headquarters in Germany. The top companies in Germany are Deutsche Bank, Allianz, Volkswagen, Commerzbank along with brands like DaimlerChrysler, Munich Re, BMW Group, E.ON, and Deutsche Telekom & Siemens Group, which complete the list. Here is the list of the top 10 companies in Germany 2016 based on revenues, profits and assets.
10. Siemens Group
Siemens is a German conglomerate company and has its headquarters in Munich, Germany. It has about 348,000 employees across the globe.
The Industrial Business and the Financial Services are the two divisions of the company, where the Industrial Business divisions include Power and Gas, Wind Power and Renewables, Energy Management, Building Technologies, Mobility etc. The Power and Gas division manufactures gas turbines, steam turbines, compressors and control systems for power generation.
It offers solutions in generating electricity from fossil fuels and also producing oil and gas. The Wind Power and Renewables division manufactures geared turbines and direct drive turbines and also help its customers in the installation process. The Energy Management division offers products in the power transmission and distribution.
It has expertise in the developing intelligent grid infrastructure. Building Technologies division provides services for the fire safety, security, heating, ventilation, air conditioning and energy management of the buildings. The main area of work for the Mobility division is the rail systems. It provides provision of rail vehicles, rail automation and electrification systems. Besides it also provides consulting, financial and construction services to its customers. As the name suggest the Digital Factory division offers services to industries to automate their processes and move from the traditional working systems to digitalization. It also helps customers to upgrade their current systems and improve the efficiency.
The Process Industries and Drives offers standard products such as gears, motors and couplings as well as industry specific products to improve the productivity and efficiency of the systems. The Healthcare division is a leader in medical imaging and laboratory diagnostics and also provides software solutions and consulting services to the healthcare industries. The Financial Services division operates as separate entity and also supports the financial activities of the Industrial Business division.