Siemens Net Worth is$92 B
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Company Name: Siemens AG
Company Type: Aktiengesellschaft
Traded As: SIE, SI
Founder: Werner von Siemens
Foundation: 1847/10/01 (Berlin)
Location: Munich, Germany
Area Served: Worldwide
Key People: Peter Löscher,
Industry: Conglomerate (company)
Products: Communication systems, power generation technology, industrial and buildings automation, lighting, medical technology, Trains, water treatment systems, home appliances, fire alarms, Siemens PLM Software
Services: Tertiary sector of the economy, financing, project engineering and construction
Revenue: Euro73.52 billion (2011) Operating Income: €7.958 billion (2011) Net Income: €6.145 billion (2011) Assets: €104.24 billion (2011) Equity: €31.53 billion (2011) Num Employees: 370,000 (2011) Divisions: Industry, Energy, Healthcare, Infrastructure and Cities
Siemens AG (German pronunciation: [E?ziE?mE?ns]) is a German multinational engineering and electronics conglomerate company headquartered in Munich, Germany. It is the largest Europe-based electronics and electrical engineering company.
Siemens' principal activities are in the fields of industry, energy, transportation and healthcare. It is organized into five main divisions: Industry, Energy, Healthcare, Infrastructure & Cities, and Siemens Financial Services (SFS). Siemens and its subsidiaries employ approximately 360,000 people across nearly 190 countries and reported global revenue of approx 73.5 billion euros for the year of 2011. Siemens has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the New York Stock Exchange.
Siemens & Halske was founded by Werner von Siemens on 12 October 1847. Based on the telegraph, his 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 October 12.
In 1848, 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 started to represent the company in London. In the 1850s, the company was involved in building long distance telegraph networks in Russia. In 1855, a company branch headed by another brother, Carl Heinrich von Siemens, opened in St Petersburg, Russia. In 1867, Siemens completed the monumental Indo-European (Calcutta to London) telegraph line.
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 1890, the founder retired and left the company to his brother Carl and sons Arnold and Wilhelm.
Siemens & Halske (S & H) was incorporated in 1897, and then

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Siemens Latest News

Siemens IoT Gateway Exclusively from RS Components Helps Engineers Get Started with the Industrial Internet of Things

Market analyst predictions are that devices connected to the Internet will number in the tens of billions in the coming years. A key global trend in IoT technology driving this growth is the increasing availability of open source software, including easy ...
Posted: October 20, 2016, 7:16 pm

Conti tried to buy Siemens' Osram stake: Manager Magazin

FRANKFURT German automotive components group Continental (CONG.DE) tried to buy Siemens' (SIEGn.DE) stake in lighting group Osram (OSRn.DE) in the summer but was turned down, German business monthly Manager Magazin reported on Friday, citing company sources.
Posted: October 20, 2016, 4:07 am

Goldman Sachs Group Inc. Reiterates €118.00 Price Target for Siemens AG (SIE)

Goldman Sachs Group Inc. set a €118.00 ($129.67) target price on Siemens AG (FRA:SIE) in a report released on Wednesday morning. The firm currently has a a buy rating on the stock. Several other equities research analysts also recently issued reports on SIE.
Posted: October 23, 2016, 10:59 pm
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