Settimo Milanese ( Milanese : Settim [ˈsɛtim] ) is a comune (municipality) in the Province of Milan in the Lombardy region of Italy . It is about 9 kilometres (6 mi) west of the city centre of Milan .
64-438: The industrial district of Castelletto is home to Italtel and STMicroelectronics . Settimo Milanese borders Rho , Milan , Cornaredo , and Cusago . It's believed that the name comes from the distance between Settimo and Milan : it is in fact located near the seventh milestone of the road from Milan to Novara . The epithet "Milanese" was added after the unification of Italy to distinguish it from other towns with
128-470: A non-compete clause whereby Italtel would maintain its leadership role in the Italian telephone exchange market. In the early 1990s, the state monopoly on telephony was abolished, and the state-owned operator SIP was turned into a private company, Telecom Italia . At the same time, as a consequence of the privatization of SIP/Telecom, Italtel lost its position as SIP's privileged equipment provider;
192-576: 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
256-503: 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
320-494: 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
384-471: A company listed on the Milan Stock Exchange (XPR.MI), took over 81% of the company's ordinary share capital after two years of negotiations. The remaining 19% of the capital to Cisco System.[11] The transaction was completed at the end of 2017: from 2018 coordinated budgets and from 2020 the progressive integration of the structures. The brands will be diversified. In January 2021, in light of
448-556: A corporation that would supposedly have the potential to face up with the largest telco companies worldwide, however Bellissario died in 1988 and the plan was never implemented. In 1989, with the sponsorship of Prime Minister Romano Prodi , STET signed for a joint venture between Italtel and AT&T , with 20% of Italtel being acquired by AT&T. This was the conclusion of a long negotiation process which also involved Alcatel, Siemens and Ericsson as potential alternatives to AT&T. The agreement between AT&T and Italtel included
512-469: 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 ,
576-670: 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),
640-401: 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
704-552: A major role in the development of telecommunication systems in Italy, most notably as one of the main equipment providers for the Italian state monopoly telephone operator SIP (later Telecom Italia) and as the leading actor in the evolution of the Italian PSTN from analog to digital switching (enabled by Italtel's CT, TN, and UT systems in the 1980s). At its maximum prosperity, the company grew to over 30.000 employees. In
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#1732793540703768-531: 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
832-456: A partnership with Cisco Systems (becoming a Cisco Gold Certified Partner ) and opened offices in 25 countries worldwide, mostly in Europe and South America . In the early 2000s, Italtel and Cisco played a leading role in another major evolution of the Italian telephone network, namely the creation of a national structure that allowed for most long-range telephone traffic to be transferred from
896-436: A public holding company established to support the survival and development of industrial assets in Italy. During the " Italian economic miracle " (1950s-1960s) the leadership of Siemens S.p.A. chose to focus on the booming telecommunications market, and the company changed name to Società Italiana Telecomunicazioni Siemens ( SIT-Siemens ), with non-telco activities being transferred to the newly established Siemens Elettra. In
960-456: 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 the conglomerate can be traced back to 1847 to
1024-824: 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
1088-773: 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
1152-632: 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
1216-634: 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
1280-596: 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
1344-542: 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
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#17327935407031408-701: The 1980s–1990s, Italtel experienced a period of crisis and downsizing due to major changes in its reference market (including the abolishment of the state monopoly and the privatization of SIP/Telecom), a situation that was further exacerbated by an unsuccessful merger leveraged buyout at the beginning of the 2000s. The company then gradually repositioned itself as a player in the international ICT market, focusing on technologies such as IP networks , Next-generation networks , and VoIP , and expanding its customer base to other telecommunication service providers (both national and abroad), public administration , and non-telco companies. In this process, Italtel established
1472-544: 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)
1536-492: 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,
1600-551: 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
1664-511: The Italian branch of German Siemens AG , founded in Milan on 5 December 1898. After World War I , on 21 July 1921, the company name changed to Siemens Società Anonima (Siemens S.A., "Siemens Anonymous Society"), with Giovanni Giamminola as the first CEO. Siemens S.A. is usually considered the first incarnation of Italtel. By this time, the company was mainly operating as a commercial representative of Siemens in Italy. This gradually changed in
1728-489: 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
1792-582: The Nextalia SGR fund acquired PSC's stake, becoming Italtel's new majority shareholder. Notable products include: More recent products include: Italtel's headquarter is in Milan . Other Italian offices are located in Rome and Palermo . Italtel also works in Europe and Latin America. Siemens Siemens AG ( German pronunciation: [ˈziːməns] or [-mɛns] )
1856-665: The PSTN to an IP network (implemented by Italtel softswitches and Cisco media gateways ). In 2013, Gartner Inc. has classified Italtel as a "visionary" player in the Magic Quadrant for Session border controller design, a title that is usually given to small companies that have a distinguished completeness of vision. The origins of Italtel trace back to the Società Italiana Siemens per Impianti Elettrici ("Siemens Italian Company for Electrical Plants"),
1920-632: 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
1984-502: 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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2048-769: The alliance between Italtel and AT&T proved to be unsuccessful for both partners, and was canceled in 1994. In 1995, STET initiated a joint venture with Siemens for the control of Italtel through a newly funded company called "Telsi". In this process, Siemens Telecomunicazioni was merged into Italtel. In the late 1990s, Italtel ceded to Siemens all its radio and mobile -related activities, and in turn Siemens sold its 50% share of Telsi to Telecom Italia, which thus ended up owning, either directly or indirectly, 100% if Italtel. All these events severely weakened Italtel, which went through another major restructuring and downsizing process. The company shifted its core business towards voice over IP and network convergence technologies, and
2112-644: The closure of the shareholdings of the outgoing Exprivia and Cisco, a new negotiation began with the PSC S.p.A. group, which in April 2022 became Italtel's controlling shareholder at 54%, in cordination with the TIM Group[1] and the Clessidra Capital Credit Fund. The Board of Directors of the new Italtel appoints Benedetto Di Salvo as CEO and confirms Claudio Calabi as chairman. In June 2024,
2176-546: The commutation centrals in the structure of Santa Maria Capua Vetere) are sold to Finmek-Access Media; Italtel Systems (project, maintenance and installation of telecommunications systems for Italtel) is sold to a group of companies guided by Tecneudosia. The workforce is reduced to slightly more than 3,200. Italtel proceeds to acquisitions linked to IP networks and multimedia services. These purchases include One Ans for IT consulting and Securmatics for system security. After 1999 product offering focuses on telephony over IP base with
2240-402: 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
2304-513: 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
2368-565: 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,
2432-661: 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
2496-480: 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
2560-651: 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
2624-686: The end of World War II , the German-owned Siemens S.p.A. was impounded to the Ministero del Tesoro (Department of the Treasury). Engineer Aganippo Brocchi, who was put in charge of the company in 1948, and managed to bring it back to its pre-war prosperity. In 1950, the company was jointly acquired by SIP and STET , the financial services arm of the IRI (Istituto per la Ricostruzione Industriale, "Institute for Industrial Reconstruction")
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2688-463: The evolution of networks and 5G, hybrid cloud, cyber security, tools for agile working, Analytics and Automation applied to networks and services, the Internet of Things in areas such as digital health, manufacturing, smart cities. Target markets are: Telco & Media, Industry & Manufacturing, Energy & Transport, Banking & Insurance, Healthcare and Public Administration. Italtel played
2752-637: 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,
2816-711: 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,
2880-791: 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
2944-503: The government (most notably Bettino Craxi , leader of the Italian Socialist Party and Italian Prime Minister in 1983–1987). She changed the name of the company to "Italtel" and actuated a thorough renovation process, which included replacing 70% of the management, costs reduction, and downsizing, and the establishment of several partnerships with other companies, including CIT-Alcatel , Siemens and Apple . Under
3008-538: The i-SSW product, at first implemented on a proprietary hardware and on ATCA standard. When the partnership ends in 1999, Italtel S.p.a. becomes 100% owned by Telecom Italia , which in 2000 sells a majority stake to Clayton, Dubilier & Rice and Cisco Systems. In 2000, Italtel transfers a big part of the voice traffic of the operators on IP network and starts designing, developing and manufacturing products and other solutions for new generation networks and telecommunication services. On 27 July 2017, Exprivia S.p.A.,
3072-898: 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
3136-674: The late 1920s, when Siemens began to expand its manufacturing presence in Lombardy and Italy through the acquisition of small manufacturers (most notably Officine Isaria Contatori Elettrici, an electricity meter producer) as well as the establishment of new ones, such as OLAP (Officine Lombarde Apparecchi di Precisione) which produced telephones, pneumatic tubes , radio receivers , and other electrical appliances. In 1942, Isaria, OLAP and other small companies were merged with Siemens S.A. into Siemens Società per Azioni (Siemens S.p.A., "Siemens joint-stock company"), with over 3000 employees. At
3200-633: The leadership of Bellisario, Italtel produced the CT, TN, and UT digital telephone exchanges , which replaced analog with TDM digital switching , allowing for a radical evolution of the Italian PSTN. Italtel exchanges were installed all over Italy. In the same years, Italtel changed from a single company to a corporate group , with Italtel S.p.A. as the leader of the group. Bellisario and Craxi also envisioned merging Italtel with Telettra , another major Italian telco manufacturing company, to form "Telit",
3264-457: 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,
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#17327935407033328-806: The same name. This article on a location in the Province of Milan is a stub . You can help Misplaced Pages by expanding it . Italtel Italtel (since 1981; formerly known by other names) is an Italian multinational ICT company founded in 1921, originally as a branch of Siemens AG . As of 2024, Italtel's shareholders are Nextalia SGR (54%), Clessidra Capital Credit Fund (28%) and TIM (18%). The company designs and implements networks, solutions and services for digital transformation, created by integrating technologies developed in its own laboratories or by its partner ecosystem, with system integration skills and solid software development capabilities. The technological areas that Italtel addresses are
3392-522: The same period, new production facilities were established throughout Italy, including Santa Maria Capua Vetere in Campania (for the production of telephone devices), Settimo Milanese (near Milan ), L'Aquila , Catania , and Carini ( Palermo ), and the company grew to about 30.000 employees. In the 1970s, during the so-called Years of Lead (an era of socio-political turmoil in Italy), Sit-Siemens
3456-513: 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
3520-587: 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
3584-543: 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
3648-588: 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
3712-496: Was forced to look for new customers, including so-called OLOs (Other Local Operators), foreign markets, public administration , and enterprises. Its number of employees fell to under 20.000. After this, in 1999, Italtel Tecnoelettrica (design, production and retail of circuits for telecommunications, computers and automation) is given to Lares Cozzi in 1990. The multimedia activities (research, production and fixing of decoders for Stream TV and telephones, maintenance and fixing of
3776-546: 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
3840-509: Was involved in several terrorist acts performed by the Red Brigades , including their first kidnapping. In the early 1980s, SIT-Siemens was the largest telco manufacturing company in Italy, but was also experiencing financial difficulties. In 1981, Marisa Bellisario , formerly head of Olivetti Corporation of America , was chosen as the new CEO. Bellisario was an appreciated, self-made entrepreneur who also had strategic connections to
3904-409: 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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#17327935407033968-500: 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
4032-584: 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
4096-434: 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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