Siemens is the world’s second largest conglomerate by revenue and has a global presence.
It has operations in various business segments including Healthcare, Power and Gas, Wind Power and Renewables, Energy Management, Digital Factory, Mobility and Building Technologies. Siemens was founded in 1847 by Werner von Siemens and has headquarters in Berlin and Munich, Germany.
It earns most of its revenue outside its home country – 20% from Asia and Australia, 29% from Americas, 36% from Europe (excluding Germany), Africa, Common Wealth of Independent States and Middle East, 15% from Germany. It employs more than 348,000 employees (as of Sept’15) across the world including 114,000 employees in Germany.
It has a rich legacy of 168 years. In 1848, it built the first long-distance telegraph line in Europe – the 500km line between Berlin and Frankfurt. In 1881, its AC generator was used to provide world’s first electric street lighting (Godalming, United Kingdom). It opened its international office in Japan as early as 1887. On its dark side, it was associated with the Nazis during the World War 2. It owned a plant in one of the concentration camps.
It relies on innovation and engineering for its long term growth. It is a world leader in Wind energy. It started to operate world’s largest rotor for wind turbines in 2012. It has over 31,000 MW of wind power installed. It has an extensive focus on innovation. It expenditure in R&D was around $5 billion in 2015 alone employing 32,100 employees in R&D department which produced 7,650 inventions and 3,700 patents (FY 2015).
Apart for engineering products it also provides financial solutions for business customers. It provides support to costumer investments using financing as well as financing for equipment and leasing services.
Siemens had a partnership with Nokia which it ended in 2013 ending its role in the telecommunication business.