EDGE
Get a demo
Log In

Siemens

Overview
Activities
Financials

Siemens Aktiengesellschaft (Siemens AG) is a Germany-based, multinational technology conglomerate (XETR: SIE) with a history of over 175 years. The company is one of the top 10 largest conglomerates in the world (May 2022) as well as the leading automation vendor worldwide (2020), and generated EUR 71.9 billion (USD 80.8 billion) revenue in 2022 .

Siemens’ business units include automation and digitization of process and manufacturing industries (Digital Industries), intelligent infrastructure for buildings and distributed energy systems (Smart Infrastructure), smart mobility solutions for rail and road (Mobility), and healthcare services (Siemens Healthineers). Of these, Siemens Healthineers was the largest in terms of revenue, accounting for a 32% share of total revenue in 2022. In addition to this, the company operates several portfolio companies (Large Drives Applications, Siemens Logistics, and Siemens Energy Assets) and Siemens Financial Services. Furthermore, in 2020, Siemens AG spun off Siemens Energy (its energy business) and retained 35% of its holding.

Nearly half of the company’s revenue in 2022 stemmed from its operations in the Europe, Commonwealth of Independent States (CIS), Africa, and Middle East region (EUR 33.5 billion). The company is aiming to transition its Digital Industries software operations into a Software-as-a-Service (SaaS) model, in line with which Siemens introduced Siemens Xcelerator in 2019, which brings together its portfolio of software, services, and platforms as one offering. 

HQ Location:
Werner-von-Siemens-Str. 1 Munich DEU
Founded year:
1847
Employees:
10,000+
Subunits:
Next47
Siemens Financial Services
Siemens Technology Accelerator
Siemens USA
Siemens Digital Industries Software
Siemens Smart Infrastructure
Siemens Energy
Manufacturing
Energy & Climate Change
Transportation & Logistics
Information Technology
Sports & Entertainment
Construction & Real Estate
Work
Pharma & Life Sciences
Additive Manufacturing
Additive Manufacturing
Smart Factory
Smart Factory
Digital Twin
Digital Twin
Loading...

EDGE Insights

Advanced Manufacturing (Q1 2024): Partnerships and product updates drive activity despite funding decline
Advanced Manufacturing (Q4 2023): Additive Manufacturing partnerships and product updates drive activity
Shipping tech: Sailing into maritime digitalization and decarbonization
Mobility (Q3 2023): Partnerships strengthen EV ecosystem; self-driving regulatory approvals brighten outlook
Advanced Manufacturing (Q3 2023): Partnerships drive activity despite funding dip
Advanced Manufacturing (1H 2023): Partnerships and product development stay strong despite funding dip
Sustainable IT Infrastructure: Saving the planet one byte at a time!
Gearing up for industry 4.0: The innovation portfolio of top industrial innovators

Recent Updates

Partnerships
Apr 23, 2024
Siemens and Mercedes Benz partner to optimize energy usage with Digital Energy Twin
Digital Twin
Partnerships
Apr 22, 2024
Siemens partners with Schaeffler to develop AI-powered solutions for use in industrial sector
Smart Factory
Product updates
Partnerships
Mar 27, 2024
Siemens partners with Universal Robots and Zivid to develop warehouse automation solution
Logistics Tech
M&A
Feb 21, 2024
Siemens acquires IDT Business from ebm-papst for undisclosed sum
Smart Factory
Product updates
Feb 4, 2024
Siemens integrates GenAI functionality into predictive maintenance solution
Smart Factory
Product updates
Partnerships
Jan 9, 2024
Sony announces preview of VR headset for 3D professionals; partners with Siemens for XR design and collaboration software
Extended Reality
arrow
menuarrow
Click here to learn more
Get a demo

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.