Siemens at a Glance

Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions the company plays a pioneering role.  

Equity Story

Equity Story

Our Equity Story provides you a comprehensive overview regarding the following topics:

  

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 Further information around Siemens' structure and history can be found here.

Employees and Revenue

Employees and Revenue

The following map provides an overview about Revenue (by location of customer) and Employees (by location of companies) in the different regions. 
Acquisitions & Divestments

Acquisitions & Divestments

An active portfolio policy is a part of our strategy. Below you can find an overview regarding past major acquisitions and divestments by Siemens.  
Acquisitions

mendix is a pioneer and leader in cloud native low code application development with their platform. The company has over 400 employees and its software-as-a-service business model results in over 90 percent of sales being recurring.
> Press Release

Details
Business activity
Software (Low-code application development)
Siemens unit
Digital Factory
Initial consolidation  
12/2018 (Closing expected)
Purchase price
€0.6bn
Siemens stake
100%
Number of employees
> 400 

Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronic, semiconductor and systems companies.

Press Release

Details
Business activity
Industry software
Siemens unit
Digital Factory
Initial consolidation
03/2017
Purchase price
USD 4,4bn
Siemens stake
100%
Sales volume per year
~ USD 1,2 bn (in 2016)
Number of employees 
5,700

CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology.

Press Release

Details
Business activity
Industry software
Siemens unit
Digital Factory
Initial consolidation
04/2016
Purchase price
USD 970 m
Siemens stake
100%
Sales volume per year
~ USD 200m (in 2015)
Number of employees 
900

With its comprehensive portfolio of compressors, steam turbines, gas turbines and engines, Dresser-Rand is a leading supplier for the oil & gas, process, power and other industries in the related energy infrastructure markets worldwide. The acquisition complements Siemens' existing offerings, notably for the global oil & gas industry and for distributed power generation.

Press Release

Details
Business activity
Oil and Gas Industry
Siemens unit
Power and Gas
Initial consolidation
06/2015
Purchase price
~ USD 7,8 bn
Siemens stake
100%
Sales volume per year
~ USD 2,8 bn (in 2014)
Number of employees 
~ 7.900

Rolls-Royce Energy’s gas turbine and compressor business is one of the leading providers of aero-derivative gas turbines. Siemens is acquiring the Rolls-Royce Energy aero-derivative gas turbine and compressor business and thereby strengthening its position in the growing oil and gas industry as well as in the field of decentralized power generation.

Press Release

Details
Business activity
Oil and Gas Industry
Siemens unit
Power and Gas
Initial consolidation
12/2014
Purchase price
~ € 950 million + € 240 million (exclusive access to future aero-technology developments)
Siemens stake
100%
Sales volume per year
~ € 1,1bn (in 2013)
Number of employees 
2.400

Invensys Rail is a leading software based rail signaling and control company. The acquisition will expand Siemens' presence in the growing global rail automation market.

Press Release

Details
Business activity
Rail automation
Siemens unit
Mobility & Logistics
Initial consolidation
05/2013
Purchase price
€ 2,0bn
Siemens stake
100%
Sales volume per year
GBP ~800 mio (in GJ12)
Number of employees 
~ 3.200

LMS International NV, Belgium, is a leading provider of mechatronic simulation solutions. With the acquisition Siemens intends to expand and complement the Industry Sector’s product lifecycle management portfolio with mechatronic simulation and testing software.

Press Release

Details
Business activity
Industrial Software
Siemens unit
Industry Automation
Initial consolidation
01/2013
Purchase price
~ € 700 million
Siemens stake
100%
Sales volume per year
€ 140 million (YTD Q3 2012)
Number of employees 
~ 1,200 (in 2012)


Siemens acquired all of the shares of five entities constituting the Connectors and Measurements Division of Expro Holdings UK 3 Ltd. The acquired business engineers and manufactures subsea components such as cable connectors, sensors and measuring devices. With this acquisition Siemens aimed for strategically expanding its portfolio in the attractive future market for subsea power grids.
Press Release

Details
Business activity
Components for subsea power grids
Siemens unit
Oil & Gas
Initial consolidation
Q3/2012
Purchase price
~ € 470 million
Siemens stake
100%
Sales volume per year
€ 90 million (in 2011)
Number of employees 
~ 450 (in 2011)

RuggedCom is a leading provider of communications and networking solutions for harsh industrial environments.

Press Release

Details
Business activity
Communication and Network Solutions
Siemens Unit
Industry Automation
Initial consolidation
Q2/2012
Purchase price
C$ 382 million
Siemens stake
100%
Sales volume per year
US$ 94 million (in 2011)
Number of employees 
360 (in 2011)

The Dutch sister companies NEM B.V. and Nem Energy Services B.V. (NES) are two specialists in heat recovery steam generators for combined-cycle (gas and steam) power plants (CCPP), key components in the construction of a combined-cycle power plant. This purchase enables Siemens to expand its capacities and enhance its expertise over the long term.

Press Release

Details
Business activity
Heat recovery steam generators
Siemens unit
Fossil
Initial consolidation
Q1/2012
Purchase price
~ € 170 million
Siemens stake
100%
Sales volume per year
€ 325 million (in 2010)
Number of employees 
~ 1,000 (in 2010)

Siteco is a leading European lighting company supplying luminaires and lighting systems for urban infrastructures such as public and commercial buildings, streets, tunnels, airports and sports stadiums.

Presse Release

Details
Business activity
Lighting
Siemens unit
Osram
Initial consolidation
Q3/2011
Purchase price
€ 132 million
Siemens stake
100%
Sales volume per year
€ 220 million (in 2010)
Number of employees 
1,250 (in 2010)

In January 2011, Siemens made a binding offer to purchase additional shares in order to increase its stake in its publicly listed Indian subsidiary Siemens Ltd. from about 55% to a maximum of 75%. The offer was accepted in full and the transaction was completed at the end of April 2011. Siemens thereby invested a total of roughly €1 billion.

Press Release

Solel is a solar technology company focusing on the concentrated solar power (CSP) market. Solel develops, designs, manufactures and installs equipment for solar thermal power plants.

Details
Business activity
Solar thermal
Siemens unit
Renewables
Initial consolidation
Q1/2010
Purchase price
€ 284 million
Siemens stake
100%
Sales volume per year 
N.A.
Number of employees 
500 (in 2010)

Siemens has taken over Morgan Construction Company, the rolling mill specialist based in Worcester, Massachussetts, USA. Morgan Construction is a worldwide supplier of wire mill equipment, and has constructed over 500 wire, bar and billet mills in more than 40 countries.

Details
Business activity
Wire mill equipment supplier
Siemens unit
Industry Solutions (Industry)
Initial consolidation
Q3/2008
Purchase price
n/a
Siemens stake
100 %
Sales volume per year
US$ 230 million (2007)
Number of employees 
1100 (2007)

Siemens has signed a merger agreement with US-based Dade Behring, Inc., a leading clinical laboratory diagnostics company. Siemens acquired all outstanding shares of Dade Behring by submitting a cash offer to the Dade Behring shareholders of US$77 per common share.

Details
Business activity
In-vitro diagnostics
Siemens unit
Diagnostics (Healthcare)
Initial consolidation
Q1/2008
Purchase price
US$7 billion
Siemens stake
100 %
Sales volume per year
US$1.7 Billion
Number of employees
6,300

With its acquisition of U.S. software producer UGS Corp., of Plano, Texas, the Siemens Automation and Drives (A&D) Group expands its product spectrum in automation technology to include industrial software for planning, design and simulation in Product Lifecycle Management (PLM). As a trendsetter in industrial automation, Industry Automation is now able to offer its customers worldwide solutions for creating digital factories.

Details
Business activity
Automation Technology
Siemens unit
Industry Automation (Industry)
Initial consolidation
Q3/2007
Purchase price
US$ 3,5 billion
Siemens stake
100 %
Sales volume per year
US$1.15 Billion
Number of employees 
7,400

Siemens is acquiring 100 percent of shares in the joint stock company AG Kuhnle, Kopp & Kausch. Headquartered in Frankenthal, Germany, this company develops, manufactures and markets steam turbines with a rating of up to 5 MW, as well as turbocompressors and fans for industrial applications.

Details
Business activity
Steam turbines, turbocompressors and fans
Siemens unit
Oil & Gas (Energy)
Initial consolidation
Q1/2007
Purchase price
n/a
Siemens stake
100 %
Sales volume per year
€ 270 million
Number of employees 
1,400

Siemens has signed an agreement with Bayer to acquire the chemical and pharmaceutical company's Diagnostics division. The acquisition enables Siemens Medical Solutions (Med) to expand its position in the high-growth molecular diagnostics market.

Details
Business activity
In-vitro diagnostics
Siemens unit
Diagnostics (Healthcare)
Initial consolidation
Q2/2007
Purchase price
€ 4.2 billion
Siemens stake
100 %
Sales volume per year
€ 1.43 billion
Number of employees 
5n400

Siemens bridges the gap between in-vivo and in-vitro diagnostics and brings together a unique blend of expertise and technologies in diagnostic imaging, healthcare information technology (IT), molecular biology and biochemistry.

Details
Business activity
In-vitro diagnostics
Siemens unit
Diagnostics (Healthcare)
Initial consolidation
Q4/2006
Purchase price
US$ 1.86 billion
Siemens stake
100 %
Sales volume per year
US$ 481 million (in 2005)
Number of employees 
2,500 (in 2005)

Siemens has increased its stake in the Russian company Power Machines and thereby strengthened its position on the Russian power market still further. Siemens has acquired a 20.62 percent holding in Power Machines from Interros, the majority shareholder to date. This new acquisition together with the existing stake (4.38 percent) gives Siemens a total holding of 25 percent plus one share in the leading manufacturer of power equipment

Details
Business activity
In-vitro diagnostics
Siemens unit
Diagnostics (Healthcare)
Initial consolidation
Q1/2008
Purchase price
US$7 billion
Siemens stake
100 %
Sales volume per year
US$1.7 Billion
Number of employees
6,300
Details
Business activity
Power plant equipment
Siemens unit
Fossil Power Generation (Energy)
Initial consolidation
n/a
Purchase price
93 Mio. US-Dollar
Siemens stake
25 % (+ 1 share)
Sales volume per year
US$662 million
Number of employees
13,000

The acquisition of this vendor puts Siemens among the top three electrical installation system vendors in the UK.

Details
Business activity
Electrical installation systems
Siemens unit
Building Technologies (Industry)
Initial consolidation
Q2/2006
Purchase price
n/a
Siemens stake
100 %
Sales volume per year
€ 109 million
Number of employees 
700

After the entry into Windpower (Bonus Energy A/S) we expand our offerings on air pollution reduction products and solutions for power generation with Wheelabrator.

Details
Business activity
Design and supply of air pollution reduction products and solutions for power plants
Siemens unit
Energy Service (Energy)
Initial consolidation
Q1/2006
Purchase price
n/a
Siemens stake
100 %
Sales volume per year
US$ 175 million
Number of employees 
150

The acquistion enables us to further expand our business in Eastern and Southeastern Europe and respond to consolidation in the power transmission and distribution (T&D) market. With metallurgy, we are also expanding our expertise.

Details
Business activity
Metallurgy, power transmission and distribution, infrastructure
Siemens unit
Industry Solutions; Power Transmission & Distribution (Industry / Energy)
Initial consolidation
Q4/2005
Purchase price
€ 1.0 billion
Siemens stake
100 %
Sales volume per year
€ 3.9 billion
Number of employees 
16,000

Durch den Zukauf treiben wir die Expansion in der industriellen Antriebstechnik voran und erreichen Zugang zu wichtigen Kunden.

Details
Business activity
Medium-voltage converters for AC motors
Siemens unit
Drive Technology (Industry)
Initial consolidation
Q4/2005
Purchase price
US$ 184 million
Siemens stake
100 %
Sales volume per year
US$ 117 million
Number of employees 
470

This acquisition complements our automation portfolio in the area of drives technologies.

Details
Business activity
Supplier of mechanical and electrical drive equipment
Siemens unit
Drive Technology (Industry)
Initial consolidation
Q4/2005
Purchase price
€ 1.2 billion
Siemens stake
100 %
Sales volume per year
€ 1.012 billion
Number of employees 
6,700

The acquisition strengthens our position in molecular imaging, a key future technology.

Details
Business activity
Positron emissions, tomography and molecular imaging
Siemens unit
Imaging & IT (Healthcare)
Initial consolidation
Q3/2005
Purchase price
US$ 1.0 billion
Siemens stake
n/a
Sales volume per year
US$ 402 million
Number of employees 
1,000

This purchase has enabled us to establish a new Wind Power Division to tap the growing market for wind power technologies.

Details
Business activity
Supplier of turbines for wind power equipment
Siemens unit
Renewable Energy (Energy)
Initial consolidation
Q1/2005
Purchase price
n/a
Siemens stake
100 %
Sales volume per year
€ 300 million
Number of employees
750

With this acquisition we significantly expand our activities in the rapidly growing market for water treatment and supply.

Details
Business activity
Water extraction and purification
Siemens unit
Industry Solutions (Industry)
Initial consolidation
Q4/2004
Purchase price
US$ 993 million
Siemens stake
100 %
Sales volume per year
US$ 1.2 billion
Number of employees 
5n800

The acquisition complements our portfolio with high-voltage products and at the same time strengthens our market position in China, the NAFTA zone and South America.

Details
Business activity
High voltage power transmission & distribution products
Siemens unit
Power Transmission (Energy)
Initial consolidation
Q4/2004
Purchase price
€ 285 million
Siemens stake
100 %
Sales volume per year
€ 250 million
Number of employees 
1,800

The new facility stengthens our market position in the NAFTA zone and will enable us to continue growing in our core areas.

Details
Business activity
Production site, automotive supplier
Siemens unit
VDO Automotive (SV)
Initial consolidation
Q3/2004
Purchase price
n/a
Siemens stake
100 %
Sales volume per year
US$ 1 billion
Number of employees 
2,000
Divestments

Siemens has completed the sale of 18.155 million ordinary shares in Osram Licht AG representing 17.34 % of Osram Licht AG's issued share capital.

Press Release

Details
Business activity
Lighting
Siemens Unit
Discontinued Operations
Purchase Price
n/a
Siemens share sold  
17,34 %

Siemens and Valeo have signed an agreement to form a joint venture in high voltage powertrains. With this move the companies create a global leader of innovative and affordable high-voltage components and systems for the entire range of electric vehicles including hybrids, plug-in hybrids and full electric vehicles. Siemens and Valeo each hold a 50% stake in the joint venture and have joint control.

Press Release

Details
Business activity
Automotive industry
Siemens unit
E-Car Powertrain Systems
First-time Deconsolidation 
12/2016
Number of employees
700

Atos acquires Unify, a joint venture between The Gores Group (51%) and Siemens (49%). Unify is the number three world leader of integrated communication solutions. With this acquisition Atos intends to create a unique integrated proposition for unified communications.

Press Release

Details
Business activity
Communication
Siemens unit
CMPA
First-time Deconsolidation 
02/2016
Purchase price
€ 590m (€ 340m cash + € 50m net debt + € 200m pension)
Siemens share sold
49%
Sales volume per year
€ 1.2 bn (in 2015)
Number of employees
~ 5,600

Siemens Healthcare sold its microbiology business to Beckman Coulter Inc., a wholly owned subsidiary of Danaher Corporation. The activities of the microbiology business include systems for the identification and antibiotic susceptibility testing (ID/AST) of microorganisms.

Press Release

Details
Business activity
Microbiology
Siemens unit
Healthcare
First-time Deconsolidation 
02/2015
Purchase price
n/a
Siemens share sold
100%
Sales volume per year
n/a
Number of employees
n/a

Siemens Healthcare sold its hospital information system business (HS) to the US-based company Cerner Corp. The HS business is focused on administrative hospital IT and electronic patient records.

Press Release

Details
Business activity
Healthcare IT
Siemens unit
Discontinued Operations
First-time Deconsolidation
02/2015
Purchase price
USD 1.3 bn
Siemens share sold
100%
Sales volume per year
n/a
Number of employees
~ 6,000

Siemens sold Siemens Audiology Solutions to the investment company EQT with the Wallenberg family as anchor investor and Germany's Strüngmann family of entrepreneurs as co-investor. Siemens remains invested in the hearing aid business with preferred equity of €200 million and benefits from future business successes. In addition, Siemens will have a seat on the board of the buyer group.

Press Release

Details
Business activity
In-vitro diagnostics
Siemens unit
Diagnostics (Healthcare)
Initial consolidation
Q1/2008
Purchase price
US$7 billion
Siemens stake
100 %
Sales volume per year
US$1.7 Billion
Number of employees
6,300
Details
 
Business activity
Audiology business
Siemens unit
Discontinued Operations
First-time Deconsolidation 
01/2015
Purchase price
€ 2.15 bn + earn-out component
Siemens share sold
100%
Reinvestment
€ 200 million (preferred equity)
Sales volume per year
€ 693 million (in 2014)
Number of employees
> 5,000

Siemens and Mitsubishi Heavy Industries (MHI) cooperate in the field of metallurgical industry and are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Both partners are contributing their metallurgical industry activities to the joint venture, MHI holds a 51-percent and Siemens a 49-percent stake.

Press Release

Details
Business activity
Metals Industry
Siemens unit
Discontinued Operations
First-time Deconsolidation 
01/2015
Number of Employees
9,000

Robert Bosch GmbH übernimmt 50-Prozent-Anteil von Siemens am gemeinsamen Joint Venture BSH Bosch und Siemens Hausgeräte GmbH (BSH). BSH wird 100-prozentige Tochtergesellschaft der Bosch-Gruppe. BSH kann langfristig Hausgeräte unter der Marke Siemens weiter produzieren und vertreiben.

Presseinformation

Details
Business activity
In-vitro diagnostics
Siemens unit
Diagnostics (Healthcare)
Initial consolidation
Q1/2008
Purchase price
US$7 billion
Siemens stake
100 %
Sales volume per year
US$1.7 Billion
Number of employees
6,300
Details
Business activity
Household appliances
Siemens unit
CMPA
First-time Deconsolidation
01/2015
Purchase Price
€ 3 bn (additional distribution of € 250 million)
Siemens share sold
50%
Sales volume per year (not consolidated)
€ 10.5 bn (in 2013)
Number of Employees
~ 50,000

Siemens sold parts of its water business to funds managed by American European Associates Investors LP, USA. The transaction was closed in January 2014. Siemens Water Technologies changed its name to Evoqua Water Technologies.

Press Release

Details
Business activity
In-vitro diagnostics
Siemens unit
Diagnostics (Healthcare)
Initial consolidation
Q1/2008
Purchase price
US$7 billion
Siemens stake
100 %
Sales volume per year
US$1.7 Billion
Number of employees
6,300
Details
 
Business activity
Water Treatment
Siemens unit
Discontinued Operations
First-time Deconsolidation
01/2014
Purchase Price
€ 612 million
Siemens share sold
100%
Sales Volume per year
€ 950 million (in 2013)
Number of Employees
> 4,000

At the beginning of July 2013, Nokia and Siemens agreed that Nokia would acquire Siemens’ 50 percent stake in the joint venture Nokia Siemens Networks. The transaction was concluded in August 2013.

Press Release

Details
Business activity
Telecom: Fixed networks
Siemens unit
Equity Investments
First-time Deconsolidation
Q4/2013
Purchase Price
€ 1.7 bn 
Siemens share sold
50%
Sales Volume per year
n/a
Number of Employees
n/a

Siemens successfully completed its planned spin-off and listing of OSRAM in July, 2013. Upon the spin-off taking effect, the Siemens shareholders additionally received 1 no par value share (registered share) in OSRAM Licht AG per each 10 no par value shares (registered shares) in Siemens AG.

Press Release

Details
Business activity
Lighting
Siemens unit
Discontinued Operations
First-time Deconsolidation
Q4/2013
Purchase Price
n/a
Siemens share sold
80.5%
Sales Volume per year
€ 5.4 bn (GJ 2012)
Number of Employees
~39,000 (GJ 2012)

Siemens contributed its Siemens IT Solutions and Services for a total sum of ~ €850 million to Atos Origin. Siemens will be a sustainable shareholder of Atos Origin with a 15% stake for a period of at least five years.

Press Release

Details
Business activity
IT
Siemens unit
Discontinued Operations
First-time Deconsolidation
Q4/2011
Purchase Price
€ 850 million
Siemens share sold
100%
USales Volume per year
n/a
Number of Employees
28,000

Siemens sold its 34% minority stake share in the nuclear power joint venture Areva NP S.A.S to its joint venture partner Areva S.A. The investment was accounted for as available-for sale financial asset held for disposal at Energy Sector. In 2001, Siemens combined its nuclear business activities with those of the French company Framatome and has since then held a minority share (34 percent) in the joint venture Areva NP (formerly Framatome ANP).

Press Release

Details
Business activity
Energy
Siemens unit
Fossil Power Generation
First-time Deconsolidation
Q2/2011
Purchase Price
€ 1.62 bn
Siemens share sold
34%
Sales Volume per year
n/a
Number of Employees
n/a

Siemens sold its 49% minority stake in Krauss-Maffei Wegmann GmbH & Co. KG (KMW) to the Wegmann Group, which already held a 51 percent stake in KMW. The investment used to be reported in Equity Investments. Siemens acquired its minority stake in KMW in the spring of 2001 in the course of the Atecs-Mannesmann transaction.

Press Release

Details
Business activity
Defense
Siemens unit
Equity Investments
First-time Deconsolidation
Q2/2011
Purchase Price
n/a
Siemens share sold
49%
Sales Volume per year
n/a
Number of Employees
n/a

Siemens sold its Electronics Assembly Systems Business (EA), which was reported in Centrally Managed Portfolio activities, to ASM Pacific Technology Ltd. The transaction closed at the beginning of January 2011.

Press Release

Details
Business activity
Industry
Siemens unit
Zentral gesteuerte Portfolioaktivitäten
First-time Deconsolidation
Q2/2011
Purchase Price
n/a
Siemens share sold
100%
Sales Volume per year
n/a
Number of Employees
1,200

In December 2010, Siemens completed the transfer of its 19.8 % stake in GIG Holding GmbH (owner of all shares of Gigaset Communications GmbH) to ARQUES Industries AG. The investment used to be reported in Equity Investments.

Details
Business activity
Communication
Siemens unit
Equity Investments
First-time Deconsolidation
Q1/2011
Purchase Price
n/a
Siemens share sold
19.8%
Sales Volume per year
n/a
Number of Employees
n/a

Siemens sold its 25% minority stake in Dräger Medical AG & Co KG to the majority shareholder Drägerwerk AG & Co. KGaA. The investment was accounted for using the equity method at the Healthcare Sector. In 2003, Siemens contributed the activities of its electro-medical unit to Dräger’s medical technology business, acquiring thereby a 35% stake in Dräger Medical AG & Co KG. In 2007 Siemens reduced its stake to 25%.

Details
Business activity
Medical technology
Siemens unit
Healthcare
First-time Deconsolidation
Q1/2010
Purchase Price
€ 250 million
Siemens share sold
25%
Sales Volume per year
n/a
Number of Employees
n/a

Siemens sold its 50% participation in Fujitsu Siemens Computers, a leading European IT Infrastructure Provider to Fujitsu Limited, Tokyo.

Details
Business activity
IT infrastructure (PCs, servers, data storage systems), solutions and services
Siemens unit
Equity Investments
First-time Deconsolidation
Q3/2009
Purchase Price
€ 450 million
Siemens share sold
50%
Sales Volume per year
€ 6.6 billion (March 2008)
Number of Employees
n/a

The private equity investor, the Gores Group, has acquired a 51% stake in Siemens Enterprise Communications, one of the leading suppliers of Unified Communication technologies.

When the joint venture is launched, the Siemens Enterprise Communication business will be strengthened by combining the business with two of Gores’ current portfolio companies: Enterasys – a network equipment and security solutions provider and SER Solutions, a call center software company. On an operational level, the business will be driven by The Gores Group.

Details
Business activity
Telecommunication equipment
Siemens unit
Discontinued Operations
First-time Deconsolidation
30.09.2008
Purchase Price
n/a
Siemens share sold
51%
Sales Volume per year
€ 3.2 billion (FY 2007)
Number of Employees
17,600 (FY 2007)

Siemens and Arques Industries have signed an agreement to transfer a 80.2% stake in Siemens Home and Office Communication Devices GmbH & Co KG to Arques as of October 1, 2008. With this step, Siemens is rigorously continuing its strategy of focusing on the three Sectors Energy, Industry and Healthcare. On October 1st SHC has been renamed in Gigaset Communications GmbH.

Details
Business activity
Cordless phones, broadband and home entertainment devices
Siemens unit
Other Operations
First-time Deconsolidation
1.10.2008
Purchase Price
n/a
Siemens share sold
80.2%
Sales Volume per year
€ 792 million (FY 2007)
Number of Employees
2,100 (FY 2007)

Siemens sold its Wireless Modules business to a group of investors led by the private equity firm Granville Baird. Wireless Modules was renamed after the sale in Cinterion Wireless Modules.

Details
Business activity
Wireless machine-to-machine communication based on GSM Technology
Siemens unit
Industry
First-time Deconsolidation
Q3/2008
Purchase Price
n/a
Siemens share
100%
Sales Volume per year
€ 250 million
Number of Employees
450

Siemens closed the sale of its former fully owned subsidiary Siemens VDO Automotive AG on December 3, 2007. With this move, all shares in the company have been transferred to the buyer, Continental AG. The EU Commission approved the sale in the previous week. The purchase price for Siemens VDO, agreed upon in July 2007, was around €11.4 billion and included net debt of just under €400 million.

Details
Business activity
Automotive supplier
Siemens unit
Siemens VDO Automotive AG (SV)
First-time deconsolidation
December 2007
Selling price
€11.4 billion
Number of employees
53,000

Nokia and Siemens announced that they intend to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks. The 50-50 joint venture will create a global leader with strong positions in important growth segments of fixed and mobile network infrastructure and services.

Details
Business activity
Telecom: Fixed networks
Siemens unit
Siemens Communications
First-time deconsolidation
April 2007
Number of employees
60,000

Private equity investor Triton and the Dematic Management have together taken over the shares in the worldwide Dematic business from Siemens AG. This step concludes the realignment of Dematic – which started in September last year – leaving the company as an autonomous enterprise.

Details
Business activity
Logistics automation equipment
Siemens unit
Part of former Logistics and Assembly Systems (L&A)
First-time deconsolidation
Q4/2006
Selling price
n/a
Sales volume per year
€ 800 million (FY2005)
Number of employees
4,000

With the sale of Product Related Services (PRS) Siemens IT Solutions & Services focuses in the future on IT services in the outsourcing market and on innovative IT projects.

Details
Business activity
IT-Services
Siemens unit
Siemens IT Solutions & Services
First-time deconsolidation
Q3/2006
Selling price
n/a
Number of employees
5,000
Details
Business activity
Mobile telephones
Siemens unit
Communications (Com)
First-time deconsolidation
Q1/2006
Selling price
n/a
Number of employees
6,000
Details
Business activity
IT-Services
Siemens unit
Business Services (SBS)
First-time deconsolidation
Q3/2005
Selling price
n/a
Number of employees
1,100