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45-520: Mentor Graphics was acquired by Siemens in 2017. The name was retired in 2021 and renamed Siemens EDA , a segment of Siemens Digital Industries Software . Mentor Graphics was founded in 1981 by Tom Bruggere , Gerry Langeler, and Dave Moffenbeier, all formerly of Tektronix . The company raised $ 55 million in funding through an initial public offering in 1984. Mentor initially wrote software that ran only in Apollo workstations. When Mentor entered

90-576: A $ 100 million fund at the World Bank to support anti-corruption activities over 15 years, known as the "Siemens Integrity Initiative." Other substantial fines include a payment of ₦7 billion (US$ 46.57 million) to the Nigerian government in 2010, and a US$ 42.7 million penalty in Israel in 2014 to avoid charges of securities fraud. In 2006, Siemens purchased Bayer Diagnostics which was incorporated into

135-503: A US lawyer, as an independent director in charge of compliance and accepting oversight from Theo Waigel , a former German finance minister. Siemens implemented new anti-corruption policies, including a comprehensive anti-corruption handbook, online tools for due diligence and compliance, a confidential communications channel for employees, and a corporate disciplinary committee. This process involved hiring approximately 500 full-time compliance personnel worldwide. Siemens's bribery culture

180-494: A company branch headed by another brother, Carl Heinrich von Siemens , opened in St Petersburg , Russia. In 1867, Siemens completed the monumental Indo-European telegraph line stretching over 11,000 km from London to Calcutta . In 1867, Werner von Siemens described a dynamo without permanent magnets. A similar system was also independently invented by Ányos Jedlik and Charles Wheatstone , but Siemens became

225-469: A fine as high as $ 5 billion, the final amount was significantly less, in part due to Siemens's cooperation with the investigators, the upcoming change in the US administration, and Siemens's role as a US military contractor . The payments included $ 450 million in fines and penalties and a forfeiture of $ 350 million in profits in the US. Siemens also revamped its compliance systems, appointing Peter Y. Solmssen ,

270-520: A frenzied development, the IDEA 1000 product was introduced at the 1982 Design Automation Conference , though in a suite and not on the floor. Mentor Graphics was purchased by Siemens in 2017. The name was retired in 2021 and renamed Siemens EDA, a segment of Siemens Digital Industries Software . Mentor product development was located in the US, Taiwan, Egypt, Poland, Hungary, Japan, France, Canada, Pakistan, UK, Armenia, India and Russia. Mentor offered

315-670: A global revenue of around €78 billion in 2023. The company is a component of the DAX and Euro Stoxx 50 stock market indices. As of December 2023, Siemens is the second largest German company by market capitalization . As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Mobility , and Financial Services , with Siemens Mobility operating as an independent entity. Major business divisions that were once part of Siemens before being spun off include semiconductor manufacturer Infineon Technologies (1999), Siemens Mobile (2005), Gigaset Communications (2008),

360-401: A legally independent company: Siemens Electromechanical Components GmbH & Co. KG, (which, later that year, was sold to Tyco International Ltd for approximately $ 1.1 billion. In the same year, Siemens Nixdorf Informationssysteme AG became part of Fujitsu Siemens Computers , with its retail banking technology group becoming Wincor Nixdorf . In 2000, Shared Medical Systems Corporation

405-583: A multi-national bribery scandal. Among the various incidents was the Siemens Greek bribery scandal , where the company was accused of deals with Greek government officials during the 2004 Summer Olympics . This case, along with others, triggered legal investigations in Germany, initiated by prosecutors in Italy, Liechtenstein, and Switzerland, and later followed by an American investigation in 2006 due to

450-824: The BenQ-Siemens division. Also in 2005 Siemens acquired Flender Holding GmbH ( Bocholt , Germany, gears/industrial drives), Bewator AB (building security systems), Wheelabrator Air Pollution Control, Inc. (Industrial and power station dust control systems), AN Windenergie GmbH. (Wind energy), Power Technologies Inc. ( Schenectady , USA, energy industry software and training), CTI Molecular Imaging ( Positron emission tomography and molecular imaging systems), Myrio ( IPTV systems), Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from Shaw Group ), and Transmitton ( Ashby de la Zouch UK, rail and other industry control and asset management). Beginning in 2005, Siemens became embroiled in

495-773: The Cumann na nGaedheal government. Siemens (at the time: Siemens-Schuckert ) exploited the forced labour of deported people in extermination camps . The company owned a plant in Auschwitz concentration camp . Siemens exploited the forced labour of women deported to the Ravensbrück concentration camp ; a Siemens factory was located in front of the camp. During the final years of World War II , numerous plants and factories in Berlin and other major cities were destroyed by Allied air raids. To prevent further losses, manufacturing

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540-632: The European Commission for price fixing in EU electricity markets through a cartel involving 11 companies, including ABB , Alstom , Fuji Electric , Hitachi Japan , AE Power Systems, Mitsubishi Electric Corp , Schneider , Areva , Toshiba and VA Tech . According to the commission, "between 1988 and 2004, the companies rigged bids for procurement contracts, fixed prices, allocated projects to each other, shared markets and exchanged commercially important and confidential information." Siemens

585-634: The Siemens-Reiniger-Werke AG (SRW), the third of the so-called parent companies that merged in 1966 to form the present-day Siemens AG. In the 1920s, Siemens constructed the Ardnacrusha Hydro Power station on the River Shannon in the then Irish Free State , and it was a world first for its design. The company is remembered for its desire to raise the wages of its underpaid workers, only to be overruled by

630-542: The 1950s, and from their new base in Bavaria , S&H started to manufacture computers , semiconductor devices , washing machines , and pacemakers . In 1966, Siemens & Halske (S&H, founded in 1847), Siemens-Schuckertwerke (SSW, founded in 1903) and Siemens-Reiniger-Werke (SRW, founded in 1932) merged to form Siemens AG. In 1969, Siemens formed Kraftwerk Union with AEG by pooling their nuclear power businesses. The company's first digital telephone exchange

675-544: The 1990s. In 1993–1994, Siemens C651 electric trains for Singapore's Mass Rapid Transit (MRT) system were built in Austria. In 1997, Siemens agreed to sell the defence arm of Siemens Plessey to British Aerospace (BAe) and a German aerospace company, DaimlerChrysler Aerospace . BAe and DASA acquired the British and German divisions of the operation respectively. In October 1997, Siemens Financial Services (SFS)

720-492: The American division in 1979. AMD closed Advanced Micro Computers in late 1981 after switching focus to manufacturing second-source Intel x86 microprocessors. In 1985, Siemens bought Allis-Chalmers ' interest in the partnership company Siemens-Allis (formed 1978) which supplied electrical control equipment. It was incorporated into Siemens's Energy and Automation division. In 1987, Siemens reintegrated Kraftwerk Union,

765-578: The CAE market the company had two technical differentiators: the first was the software – Mentor, Valid, and Daisy each had software with different strengths and weaknesses. The second, was the hardware – Mentor ran all programs on the Apollo workstation, while Daisy and Valid each built their own hardware. By the late 1980s, all EDA companies abandoned proprietary hardware in favor of workstations manufactured by companies such as Apollo and Sun Microsystems . After

810-551: The Industrial Systems Division of Texas Instruments , based in Johnson City, Tennessee . This division was organized as Siemens Industrial Automation, and was later absorbed by Siemens Energy and Automation, Inc. In 1992, Siemens bought out IBM 's half of ROLM (Siemens had bought into ROLM five years earlier), thus creating SiemensROLM Communications; eventually dropping ROLM from the name later in

855-489: The Medical Solutions Diagnostics division on 1 January 2007, also in 2006 Siemens acquired Controlotron (New York) (ultrasonic flow meters), and also in 2006 Siemens acquired Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control, and VistaScape Security Systems. In January 2007, Siemens was fined €396 million by

900-632: The Power Generation division of Siemens AG. Other parts of the company were acquired by Robert Bosch GmbH at the same time. Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens Energy & Automation, Inc. In 2001, Chemtech Group of Brazil was incorporated into the Siemens Group; it provides industrial process optimisation, consultancy and other engineering services. Also in 2001, Siemens formed joint venture Framatome with Areva SA of France by merging much of

945-502: The US and Germany in what was, at the time, the largest bribery fine in history. In addition, the company was required to invest $ 1 billion in developing and maintaining new internal compliance procedures. Siemens admitted to violating the accounting provisions of the Foreign Corrupt Practices Act , while its Bangladesh and Venezuela subsidiaries pleaded guilty to paying bribes. Despite initial expectations of

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990-402: The companies' nuclear businesses. In 2002, Siemens sold some of its business activities to Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering business included in the sale package. In 2002, Siemens abandoned the solar photovoltaic industry by selling its participation in a joint-venture company, established in 2001 with Shell and E.ON , to Shell. In 2003, Siemens acquired

1035-513: The company an infusion of cash to increase its product lines. The two companies also jointly established Advanced Micro Computers (AMC), located in Silicon Valley and in Germany, allowing AMD to enter the microcomputer development and manufacturing field, in particular based on AMD's second-source Zilog Z8000 microprocessors. When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens's stake in

1080-565: The company built the first long-distance telegraph line in Europe: 500 km from Berlin to Frankfurt am Main . In 1850, the founder's younger brother, Carl Wilhelm Siemens, later Sir William Siemens , started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855,

1125-661: The company opened an office in San Jose. On 7 March 2003, the company announced that it planned to gain 10 per cent of the mainland China market for handsets. On 18 March 2003, the company unveiled the latest in its series of Xelibri fashion phones. In 2004, the wind energy company Bonus Energy in Brande , Denmark was acquired, forming Siemens Wind Power division. Also in 2004, Siemens invested in Dasan Networks (South Korea, broadband network equipment) acquiring ~40% of

1170-480: The company's activities while listed on US stock exchanges. Investigations found that Siemens had a pattern of bribing officials to secure contracts, with the company spending approximately $ 1.3 billion on bribes across several countries, and maintaining separate accounting records to conceal this. Following the investigations, Siemens settled in December 2008, paying a combined total of approximately $ 1.6 billion to

1215-643: The conglomerate can be traced back to 1847 to the Telegraphen Bau-Anstalt von Siemens & Halske established in Berlin by Werner von Siemens and Johann Georg Halske . In 1966, the present-day corporation emerged from the merger of three companies: Siemens & Halske , Siemens-Schuckert , and Siemens-Reiniger-Werke . Today headquartered in Munich and Berlin, Siemens and its subsidiaries employ approximately 320,000 people worldwide and reported

1260-651: The conviction of two former executives in 2007 for bribing Italian energy company Enel , a settlement with the Greek government in 2012 for 330 million euros over the Greek bribery scandal, and a guilty plea in 2014 from former Siemens executive Andres Truppel for channeling nearly $ 100 million in bribes to Argentine government officials. Siemens also faced repercussions from the World Bank due to fraudulent practices by its Russian affiliate. In 2009, Siemens agreed not to bid on World Bank projects for two years and to establish

1305-637: The first company to build such devices. In 1881, a Siemens AC Alternator driven by a watermill was used to power the world's first electric street lighting in the town of Godalming , United Kingdom. The company continued to grow and diversified into electric trains and light bulbs . In 1885, Siemens sold one of its generators to George Westinghouse , thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh, Pennsylvania. In 1887, Siemens opened its first office in Japan. In 1890,

1350-711: The flow division of Danfoss and incorporated it into the Automation and Drives division. Also in 2003 Siemens acquired IndX software (realtime data organisation and presentation). The same year in an unrelated development Siemens reopened its office in Kabul . Also in 2003 agreed to buy Alstom Industrial Turbines; a manufacturer of small, medium and industrial gas turbines for €1.1 billion. On 11 February 2003, Siemens planned to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as spring -summer and autumn-winter collections. On 6 March 2003,

1395-554: The following tools: Siemens Siemens AG ( German pronunciation: [ˈziːməns] or [-mɛns] ) is a German multinational technology conglomerate . It is focused on industrial automation , distributed energy resources , rail transport and health technology . Siemens is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial software . The origins of

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1440-791: The founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm. In 1892, Siemens was contracted to construct the Hobart electric tramway in Tasmania , Australia , as it increased its markets. The system opened in 1893 and became the first complete electric tram network in the Southern Hemisphere. Siemens & Halske (S & H) was incorporated in 1897 and then merged parts of its activities with Schuckert & Co., Nuremberg, in 1903 to become Siemens-Schuckert . In 1907, Siemens ( Siemens & Halske and Siemens-Schuckert ) had 34,324 employees and

1485-898: The implementation of the 1999 OECD Anti-Bribery Convention , Siemens started using off-shore accounts to hide its bribery. During the investigation, key player Reinhard Siekaczek, a mid-level executive in the telecommunications unit, provided critical evidence. He disclosed that he had managed an annual global bribery budget of $ 40 to $ 50 million and provided information about the company's 2,700 worldwide contractors, who were typically used to channel money to government officials. Notable instances of bribery included substantial payments in Argentina, Israel, Venezuela, China, Nigeria, and Russia to secure large contracts. The investigation resulted in multiple prosecutions and settlements with various governments, as well as legal action against Siemens employees and those who received bribes. Noteworthy cases include

1530-457: The photonics business Osram (2013), Siemens Healthineers (2017), and Siemens Energy (2020). Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847. Based on the telegraph , their invention used a needle to point to the sequence of letters, instead of using Morse code . The company, then called Telegraphen-Bauanstalt von Siemens & Halske , opened its first workshop on 12 October. In 1848,

1575-513: The shares, Nokia Siemens disinvested itself of the shares in 2008. The same year Siemens acquired Photo-Scan (UK, CCTV systems), US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from Veolia ), Huntsville Electronics Corporation (automobile electronics, acquired from Chrysler ), and Chantry Networks ( WLAN equipment). In 2005, Siemens sold the Siemens mobile manufacturing business to BenQ , forming

1620-587: The unit overseeing nuclear power business. In 1987, Siemens acquired Kongsberg Offshore from the Norwegian Government, selling it on to FMC Technologies in 1993 In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing plants, from industry pioneer ARCO Solar, owned by oil firm ARCO . In 1991, Siemens acquired Nixdorf Computer and renamed it Siemens Nixdorf Informationssysteme , in order to produce personal computers . In October 1991, Siemens acquired

1665-595: Was acquired by the Siemens's Medical Engineering Group, eventually becoming part of Siemens Medical Solutions . Also in 2000, Atecs-Mannesman was acquired by Siemens, The sale was finalised in April 2001 with 50% of the shares acquired, acquisition, Mannesmann VDO AG merged into Siemens Automotive forming Siemens VDO Automotive AG, Atecs Mannesmann Dematic Systems merged into Siemens Production and Logistics forming Siemens Dematic AG, Mannesmann Demag Delaval merged into

1710-588: Was determined much of the book contained false claims although the trial itself publicized Siemens's history in Nazi Germany. The company supplied electrical parts to Nazi concentration camps and death camps . The factories had poor working conditions, where malnutrition and death were common. Also, the scholarship has shown that the camp factories were created, run, and supplied by the SS , in conjunction with company officials, sometimes high-level officials. In

1755-546: Was founded to act as a competence center for financing issues and as a manager of financial risks within Siemens. In 1998, Siemens acquired Westinghouse Power Generation for more than $ 1.5 billion from the CBS Corporation and moving Siemens from third to second in the world power generation market. In 1999, Siemens's semiconductor operations were spun off into a new company called Infineon Technologies . Its Electromechanical Components operations were converted into

1800-545: Was given the highest fine of €396 million, more than half of the total, for its alleged leadership role in the activity. Johann Georg Halske Johann Georg Halske (30 July 1814 – 18 March 1890) was a German master mechanic . Born in Hamburg , Halske started his own workshop in Berlin in 1844, which he ran together with his partner F. M. Böttcher . In 1847 Halske founded the Siemens & Halske Telegraph Construction Company together with Werner von Siemens . Halske

1845-409: Was not new; it was highlighted as far back as 1914 when both Siemens and Vickers were involved in a scandal over bribes paid to Japanese naval authorities . The company resorted to bribery as it sought to expand its business in the developing world after World War II. Up until 1999, bribes were a tax-deductible business expense in Germany, with no penalties for bribing foreign officials. However, with

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1890-404: Was particularly involved in the construction and design of electrical equipment such as the press which enabled wires to be insulated with a seamless coat of gutta-percha , the pointer telegraph and the morse telegraph and measuring instruments. In 1867 he withdrew from the company because his views on company policy diverged from those of the Siemens brothers and devoted himself in his role as

1935-500: Was produced in 1980, and in 1988, Siemens and GEC acquired the UK defence and technology company Plessey . Plessey's holdings were split, and Siemens took over the avionics , radar and traffic control businesses—as Siemens Plessey . In 1977, Advanced Micro Devices (AMD) entered into a joint venture with Siemens, which wanted to enhance its technology expertise and enter the American market. Siemens purchased 20% of AMD's stock, giving

1980-584: Was the seventh-largest company in the German empire by number of employees. (see List of German companies by employees in 1907 ) In 1919, S & H and two other companies jointly formed the Osram lightbulb company. During the 1920s and 1930s, S & H started to manufacture radios , television sets , and electron microscopes . In 1932, Reiniger, Gebbert & Schall (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form

2025-434: Was therefore moved to alternative places and regions not affected by the air war. The goal was to secure continued production of important war-related and everyday goods. According to records, Siemens was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in early 1945. In 1972, Siemens sued German satirist F.C. Delius for his satirical history of the company, Unsere Siemens-Welt , and it

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