Siemens AG: A Comprehensive Detailed Company Profile

Siemens AG is a global technology group headquartered in Munich, Germany, operating as Siemens Aktiengesellschaft (Siemens AG), a stock corporation under German federal law. With a workforce of approximately 327,000 employees as of September 30, 2024, Siemens is a powerhouse in automation, digitalization, intelligent infrastructure, smart mobility, medical technology, and financial services. The company is active in nearly every country, focusing on delivering innovative solutions across multiple industries.

Detailed Company Profile

Siemens is a leading technology conglomerate with a global footprint, specializing in automation and digitalization for process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, smart mobility solutions for rail transport, and medical technology and digital healthcare services. Siemens AG, the parent company, is incorporated in Germany and oversees a vast network of subsidiaries. As of September 30, 2024, the company employed around 327,000 people, reflecting its significant scale and influence.

The company operates through several reportable segments, collectively referred to as the “Industrial Business,” which includes Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers. Additionally, Siemens Financial Services (SFS) supports these industrial segments and conducts business with external customers. Siemens is committed to sustainability, with policies addressing environmental, social, human rights, and anti-corruption matters, integrated into its business model and detailed in its management reports.

Business Segments

Siemens organizes its operations into five key reportable segments, each focusing on distinct industries and markets. Below is a comprehensive overview of these segments, including their focus areas and approximate revenue contributions based on typical industry breakdowns (exact percentages are not explicitly provided in the document but are inferred based on segment significance).

1. Digital Industries

• Focus: Automation, digitalization, and software solutions for manufacturing industries.
• Details: Digital Industries provides products, software, and services for factory automation, motion control, and digital enterprise solutions. It targets discrete and process industries, offering solutions like industrial software (e.g., Product Lifecycle Management), automation systems, and digital twins to enhance manufacturing efficiency.
• Revenue Contribution: Approximately 25–30% of Siemens’ total revenue, given its critical role in industrial automation and digitalization.
• Margin Range: 17–23%, reflecting competitive profitability in the automation sector.

2. Smart Infrastructure

• Focus: Intelligent infrastructure for buildings and energy systems.
• Details: This segment delivers solutions for building management systems, energy-efficient infrastructure, and distributed energy systems. Products include HVAC systems, fire safety, security solutions, and electrification technologies for smart grids and buildings.
• Revenue Contribution: Approximately 20–25%, driven by global demand for sustainable infrastructure.
• Margin Range: 11–16%, indicating steady profitability in infrastructure solutions.

3. Mobility

• Focus: Smart mobility solutions for rail transport.
• Details: Mobility provides rail vehicles, rail automation systems, and intelligent traffic solutions. It includes high-speed trains, metro systems, trams, and digital rail services to optimize transportation efficiency and sustainability.
• Revenue Contribution: Approximately 10–15%, reflecting its specialized focus on rail and transport.
• Margin Range: 10–13%, aligning with industry standards for transportation infrastructure.

4. Siemens Healthineers

• Focus: Medical technology and digital healthcare services.
• Details: Siemens Healthineers offers diagnostic and therapeutic systems, imaging equipment (e.g., MRI, CT scanners), laboratory diagnostics, and digital health solutions. It is a majority-owned subsidiary, with Siemens AG as the primary shareholder.
• Revenue Contribution: Approximately 25–30%, due to its significant presence in the global healthcare market.
• Margin Range: 17–21%, reflecting high profitability in medical technology.

5. Siemens Financial Services (SFS)

• Focus: Financial solutions supporting industrial businesses and external customers.
• Details: SFS provides financing, leasing, and investment services to support Siemens’ industrial segments and external clients. It focuses on capital efficiency, measured by Return on Equity (ROE) after tax.
• Revenue Contribution: Approximately 5–10%, as it supports rather than drives core industrial revenue.
• ROE Range: 15–20%, indicating strong financial performance.

Note: Revenue percentages are estimated based on the relative size and market impact of each segment, as the document does not provide explicit revenue breakdowns.

Products and Services

Siemens offers a wide range of products and services tailored to its business segments. Below is a detailed list of offerings:

Digital Industries

• Industrial Software: Product Lifecycle Management (PLM), Manufacturing Execution Systems (MES), and digital twin technologies.
• Automation Systems: Programmable logic controllers (PLCs), human-machine interfaces (HMIs), and industrial communication systems.
• Motion Control: Servo drives, motors, and CNC systems for precise manufacturing.
• Services: Consulting, system integration, and digital transformation services for factories.

Smart Infrastructure

• Building Management Systems: HVAC controls, energy management systems, and building automation software.
• Electrification: Low- and medium-voltage switchgear, transformers, and grid control systems.
• Fire Safety and Security: Fire detection systems, alarms, and integrated security solutions.
• Services: Energy efficiency consulting, retrofitting, and maintenance for buildings and grids.

Mobility

• Rail Vehicles: High-speed trains (e.g., ICE trains), metro systems, trams, and locomotives.
• Rail Automation: Signaling systems, train control systems, and digital rail operations.
• Traffic Solutions: Intelligent traffic management systems and intermodal transport solutions.
• Services: Maintenance, modernization, and digital services for rail infrastructure.

Siemens Healthineers

• Imaging Equipment: MRI, CT, X-ray, and ultrasound systems.
• Diagnostics: Laboratory diagnostics, point-of-care testing, and molecular diagnostics.
• Digital Health: AI-driven healthcare platforms, telemedicine, and health IT solutions.
• Services: Equipment maintenance, clinical training, and managed services for healthcare providers.

Siemens Financial Services

• Financing Solutions: Equipment financing, project financing, and leasing for industrial and healthcare equipment.
• Investment Services: Venture capital and equity investments in technology-driven businesses.
• Risk Management: Financial risk assessment and mitigation services.

Company History

Siemens has a rich history spanning over 175 years, evolving from a small workshop to a global technology leader. Below is a comprehensive overview of its historical milestones:

• 1847: Founded by Werner von Siemens in Berlin as Siemens & Halske, focusing on telegraphy and precision engineering.
• 19th Century: Expanded into railway signaling, dynamos, and electric railways, establishing a reputation for innovation.
• Early 20th Century: Grew into a major industrial player, developing electrical engineering solutions, including power generation and transmission systems.
• Post-World War II: Rebuilt and diversified into electronics, automation, and medical technology, with a focus on global expansion.
• 1980s–1990s: Strengthened its position in automation and digitalization, acquiring companies to enhance its portfolio in industrial software and healthcare.
• 2000s: Launched Siemens Healthineers as a distinct brand, focusing on medical technology, and expanded into renewable energy and smart infrastructure.
• 2010s: Emphasized digital transformation, with investments in IoT, AI, and cloud-based solutions, alongside sustainability initiatives.
• 2020s: Continued to lead in digital industries, smart infrastructure, and mobility, with a strong focus on sustainability and decarbonization. As of 2024, Siemens operates with a global workforce of 327,000 and a diversified portfolio across multiple sectors.

Brands

Siemens operates under several key brands, each tied to its business segments. Below is a detailed list:

• Siemens: The core brand, encompassing automation, digitalization, infrastructure, and mobility solutions.
• Siemens Healthineers: A majority-owned subsidiary brand specializing in medical technology and digital healthcare services.
• Siemens Financial Services (SFS): The financial arm providing leasing, financing, and investment services.
• Innomotics: A brand for motors and large drives, often associated with Digital Industries and Smart Infrastructure.
• Siemens Advanta: A consulting brand focused on digital transformation and IoT solutions.
• Mendix: A low-code software development platform acquired by Siemens to enhance its digital offerings.

Each brand aligns with Siemens’ strategy to deliver innovative, sustainable, and technology-driven solutions across its segments.

Geographical Presence and Revenue Breakup

Siemens operates in nearly every country, with a significant presence in Europe, the Americas, Asia, and other regions. While the document does not provide explicit revenue breakdowns by region, the company’s global operations and employee distribution suggest a diversified geographical footprint. Below is an estimated revenue breakup based on Siemens’ global presence:

• Europe (including Germany): ~50–55% of revenue, with Germany as the headquarters and a major market.
• Americas: ~25–30%, driven by the U.S. and Latin America.
• Asia, Australia, Middle East, Africa: ~15–20%, with growth in China, India, and the Middle East.
• Other Regions: ~5%, including smaller markets.

Key Locations

• Germany: Corporate headquarters in Munich, with major R&D centers, manufacturing plants, and offices.
• United States: Significant operations in industrial automation, healthcare, and infrastructure.
• China: Growing presence in digital industries and smart infrastructure.
• India: Focus on mobility and electrification solutions.
• Other Countries: Operations in nearly all countries, with regional offices and service centers.

Subsidiaries, Wholly-Owned Subsidiaries, and Associates

Siemens AG oversees a vast network of subsidiaries, with some explicitly mentioned in the document. Below is a comprehensive list based on available information:

Wholly-Owned Subsidiaries

• Siemens Aktiengesellschaft Österreich (Austria): 100% owned, chaired by Veronika Bienert.
• Siemens Bank GmbH (Germany): 100% owned, chaired by Veronika Bienert.

Majority-Owned Subsidiary

• Siemens Healthineers AG (Germany): Majority-owned by Siemens AG, with supervisory board members including Veronika Bienert and Dr. Peter Koerte. Exact ownership percentage not specified.

Other Subsidiaries and Associates

• The document does not provide a full list of subsidiaries or associates, but Siemens operates numerous entities globally across its business segments. These include regional subsidiaries in countries like the U.S., China, and India, and specialized entities under Digital Industries, Smart Infrastructure, and Mobility.

Physical Properties

Siemens maintains a global network of offices, manufacturing plants, R&D centers, and service facilities. Key properties include:

• Corporate Headquarters: Werner-von-Siemens-Str. 1, 80333 Munich, Germany.
• Manufacturing Plants: Factories for automation systems, rail vehicles, medical equipment, and infrastructure solutions across Germany, the U.S., China, and other regions.
• R&D Centers: Facilities in Germany, the U.S., and Asia focusing on digitalization, AI, and healthcare technologies.
• Regional Offices: Offices in nearly every country for sales, service, and administration.

Founders

Siemens was founded by Werner von Siemens in 1847 in Berlin, Germany, as Siemens & Halske. Werner von Siemens was a pioneering engineer and inventor, instrumental in developing telegraphy, dynamos, and electric railways. His vision for precision engineering and innovation laid the foundation for Siemens’ growth into a global technology leader.

Board of Directors

Managing Board (Fiscal 2024)

Name	Position	Date of Birth	First Appointed	Term Expires	Key Responsibilities
Roland Busch (Dr. rer. nat.)	President and CEO	November 22, 1964	April 1, 2011	March 31, 2030	Overall leadership, strategy
Cedrik Neike	Member, CEO Digital Industries	March 7, 1973	April 1, 2017	May 31, 2025	Digital Industries leadership
Matthias Rebellius	Member, CEO Smart Infrastructure	January 2, 1965	October 1, 2020	September 30, 2025	Smart Infrastructure leadership
Ralf P. Thomas (Prof. Dr. rer. pol.)	CFO	March 7, 1961	September 18, 2013	December 14, 2026	Financial oversight
Judith Wiese	Chief People and Sustainability Officer	January 30, 1971	October 1, 2020	September 30, 2026	HR, sustainability
Veronika Bienert	Member, CEO Siemens Financial Services	March 19, 1973	October 1, 2024	September 30, 2027	Financial services leadership
Dr. Peter Koerte	CTO, Chief Strategy Officer	December 27, 1975	October 1, 2024	September 30, 2027	Technology, strategy

Supervisory Board (Fiscal 2024)

Name	Role	Date of Birth	Member Since	Term Ends	Key Affiliations
Jim Hagemann Snabe	Chairman	October 27, 1965	2013	2028	Chairman of Nominating, Mediation, and Innovation Committees
Birgit Steinborn	First Deputy Chairwoman	April 14, 1960	2008	2028	Employee representative, Central Works Council
Werner Brandt (Dr. rer. pol.)	Second Deputy Chairman	January 4, 1954	2018	2028	Nominating, Mediation Committees
Tobias Bäumler	Member	April 17, 1977	2023	2028	Employee representative, Innovation Committee
Regina E. Dugan (PhD)	Member	Not specified	2017	2027	Innovation Committee
Andrea Fehrmann (Dr. phil.)	Member	Not specified	2023	2028	Employee representative
Bettina Haller	Member	Not specified	2010	2028	Employee representative
Oliver Hartmann	Member	Not specified	2023	2028	Employee representative
Keryn Lee James	Member	Not specified	2023	2025	Independent shareholder representative
Martina Merz	Member	Not specified	2023	2025	Independent shareholder representative
Christian Pfeiffer (Dr.-Ing.)	Member	Not specified	2023	2028	Employee representative, Innovation Committee
Benoit Potier	Member	September 3, 1957	2018	2027	Nominating Committee
Hagen Reimer	Member	April 26, 1967	2019	2028	Employee representative
Kasper Rørsted	Member	February 24, 1962	2021	2025	Innovation Committee
Nathalie von Siemens (Dr. phil.)	Member	July 14, 1971	2017	2027	Nominating Committee
Dorothea Simon	Member	August 3, 1969	2010	2028	Employee representative, Siemens Healthineers
Mimon Uhamou	Member	May 3, 1977	2017	2028	Employee representative, Siemens Europe Committee
Grazia Vittadini	Member	September 23, 1969	2017	2025	Innovation Committee
Matthias Zachert	Member	November 8, 1969	2017	2027	Independent shareholder representative

Parent Company Details

Siemens AG is the parent company of the Siemens Group, with no higher parent entity mentioned in the document. It oversees all subsidiaries and operations globally.

Investment Details

The document does not explicitly list passive investments or their percentages. Siemens Financial Services (SFS) engages in venture capital and equity investments, particularly in technology-driven businesses, but specific investment details are not provided.

Future Investment Plans

Siemens’ future investment plans focus on innovation, digitalization, and sustainability, as outlined in the Combined Management Report. Key areas include:

• Digitalization and AI: Investments in industrial software, IoT, and AI-driven solutions to enhance Digital Industries and Siemens Healthineers.
• Sustainability: Continued focus on decarbonization, energy efficiency, and sustainable infrastructure through Smart Infrastructure and Mobility.
• R&D: Increased spending on technology development, including cybersecurity, digital twins, and healthcare innovations.
• Global Expansion: Strengthening presence in high-growth markets like Asia and the Americas.

The Innovation and Finance Committee oversees investments, with authority to approve transactions valued between €300 million and €600 million.