Siemens AG - Company Profile
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Business Description
Siemens AG (Siemens) is a conglomerate, which has operations in the electrification, automation and digitalization fields. It offers power generation, power transmission and infrastructure solutions; automation, drive and software solutions; and medical diagnostic solutions. The company serves customers in the industry, energy, healthcare, infrastructure and cities sectors. Siemens operates through six reportable business segments: Digital Industries; Smart Infrastructure; Siemens Healthineers; Mobility; Portfolio Companies; and Siemens Financial Services. It also generates its revenue from Reconciliation to Consolidated Financial Statements. In FY2023, the company incurred a capital expenditure of EUR2,218 million which grew 6.4% YoY.
R&D Overview
The company's R&D efforts focus on developing innovative and sustainable solutions and reinforcing its competitiveness. It strives to provide innovative products in the areas of autonomous robotics, blockchain applications, additive manufacturing, connected- and e-mobility, cyber security, data analytics and artificial intelligence, connectivity and edge devices, energy storage, distributed energy systems, power electronics, future of automation, materials, simulation and digital twin and software systems and processes. In FY2023, Siemens spent EUR6,183 million on R&D, which was 7.9% of its revenue and grew 10.6% YoY. As of September 30, 2023, the company had 45,000 granted patents; and had 50,029 R&D employees.
Business Segments
- Digital Industries
- Mobility
- Portfolio Companies
- Siemens Financial Services
- Siemens Healthineers
- Smart Infrastructure
Overview
Includes former Digital Factory Division (excluding the control products business) with the process automation and large drives businesses (excluding the industrial applications and traction businesses) of the former Process Industries and Drives Division. Provides portfolio of products and system solutions for automation technologies used in discrete and process manufacturing industries. Offerings: automation systems and software for factories, motors, numerical control systems, drives and inverters and integrated automation systems for machine tools and production machines, process control systems, machine-to-machine communication products, sensors for measuring pressure, temperature, level, flow rate, distance or shape, and radio frequency identification systems. Also provides product and production lifecycle software, and software for simulation and testing of mechatronic systems, electronic design automation software portfolio of Mentor Graphics; lifecycle and data-driven services; and the open, cloud-based industrial internet of things operating system, MindSphere. Strives to reinforce its capabilities in integrating technologies such as artificial intelligence, industrial 5G, edge computing, autonomous handling systems and additive manufacturing. Its focus areas include factory automation, motion control systems and process automation businesses, including capital expenditure in production facilities in Germany, China and the Czech Republic.
Performance
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Overview
Integrates all its businesses in the passenger and freight transportation area, including rail vehicles, rail automation systems, road traffic technology, rail electrification systems, digital solutions and related services. It serves public and state-owned companies in the transportation and logistics sectors. Also provides consulting, planning, construction, financing, service and operation of turnkey mobility systems; and integrated mobility solutions for networking of traffic systems. Sells its products, systems and solutions through a network of sales units. Strives to provide maximum availability of solutions in trains and infrastructure, and increase customers’ return on investment and improve passenger experience. Its focus areas include the development of efficient vehicle platforms with optimized lifecycle cost and maximum customization flexibility; digital services for railways through its Railigent application suite; solutions for higher automated and autonomous driving for rail and road; alternative power supplies for trains and trucks; and digital technologies and solutions such as cyber security, connectivity, digital twin, AI, additive manufacturing or intermodal apps and platforms.
Performance
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Overview
Includes former Process Industries and Drives Divisions (mechanical drives, process solutions, large drives applications) and Energy Management (subsea), and other activities that were reported in centrally managed portfolio activities. Provides application specific solutions, electric motors, converters and generators, gear units and couplings, and sorting technology and solutions. Serves customers in mail, parcel, baggage and cargo handling industries.
Performance
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Overview
Provides leasing solutions, and equipment, project and structured financing in the debt and equity investments forms. Offers financial solutions for Siemens customers and other companies. Strives to secure financial services domain know-how.
Performance
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Overview
Supplies technology to the healthcare industry, diagnostic imaging and laboratory diagnostics. Provides medical technology and software solutions, clinical consulting services, and training and service offerings. Offerings in imaging business: equipment for magnetic resonance, X-ray systems, computed tomography, molecular imaging and ultrasound. Offerings in diagnostics business: in-vitro diagnostic products and services to healthcare providers in laboratory, molecular and point-of-care diagnostics. Offerings in advanced therapies business: image-guided minimally invasive treatments in areas such as cardiology, interventional radiology, surgery and radiation oncology. Supports customers along the continuum of care, from prevention and early detection to diagnosis, treatment and follow-up care. Serves diversified customers, from public and private healthcare providers to pharmaceutical companies and clinical research institutes. Strives to expand its cloud-based Teamplay collaboration platform to assist customers in their transition to outcome-focused care. It focuses on strengthening its competitiveness and innovation, expanding manufacturing and technical capabilities particularly in China and the US.
Performance
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Overview
Includes former Building Technologies Division, low- and medium-voltage products and systems and digital grid businesses of the former Energy Management Division and the control products business of the former Digital Factory Division. Supplies and connects energy systems and building technologies to improve efficiency and sustainability, and assists customers in addressing technology shifts. It serves customers in infrastructure, construction, heavy industries and utilities sectors. Serves customers through its global product and systems sales organization, panel builders, distributors, original equipment manufacturers, resellers and installers, direct sales through the branch offices of its regional solutions and services units. Strives to secure opportunities from the decentralization, decarbonization and digitalization in the energy markets; and reinforce its operational capabilities to create energy-efficient buildings and infrastructure, and aid increased efficiency of occupants, equipment and use of building space.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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