Siemens AG

Overview

Siemens AG is a German technology group headquartered in Munich that is active in nearly all countries of the world. Its core businesses are centered on automation and digitalization for process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, smart mobility solutions for rail transport, and medical technology and digital healthcare services.[1][2] Siemens also holds a majority stake in Siemens Healthineers, extending its presence in global medical technology.[3]

The company states that its purpose is to create technology to transform the everyday, for everyone, and it positions its products and software around linking the physical and digital worlds to help customers improve industrial efficiency, building and energy systems, and transportation sustainability.[3] In fiscal 2024, Siemens generated €75.9 billion in revenue, and as of September 30, 2024, it had around 327,000 employees worldwide.[3][1] [1]+2

Products & services

Siemens AG’s product portfolio is centered on industrial automation and software. In Digital Industries, it sells factory automation systems, numerical control systems, servo motors, drives and inverters, integrated automation for machine tools and production machines, process control systems, machine-to-machine communications products, RFID systems, and sensors that measure pressure, temperature, level, flow rate, distance and shape. Its software stack includes product lifecycle management and mechatronics simulation/testing software, electronic design automation tools, and the Mendix cloud-native low-code platform; named offerings highlighted in fiscal 2024 include NX Immersive Designer, Siemens Industrial Copilot, SIMATIC Workstation, Industrial Edge cloud services and the SINEC Security Guard cybersecurity SaaS product. Digital Industries also provides lifecycle and data-driven services, and software represented €6.3 billion of revenue, or 33.9% of the segment’s revenue in fiscal 2024; the segment accounted for about 24.4% of Siemens’ total revenue.[4]+3

In Smart Infrastructure, Siemens offers building management systems and software, HVAC controls, fire safety and security products, and energy performance services, along with a cloud-native software suite for asset management, maintenance, capital planning and sustainability. Its electrification and electrical-products portfolio includes grid simulation, operation and control software, substation automation and protection, medium-voltage primary and secondary switchgear, fluorinated-gas-free medium-voltage switchgear, low-voltage switchboards, eMobility charging infrastructure, circuit breakers, contactors, and switching, measuring and control equipment. The segment is also developing Building X, Electrification X and Gridscale X, with expanded use of IoT-based digital twins, AI and large language models; Smart Infrastructure’s service business generated €4.6 billion, or 21.3% of segment revenue, and the segment contributed about 28.1% of Siemens’ total revenue in fiscal 2024.[8]+3

In Mobility, Siemens sells rolling stock for metros, trams, light rail, commuter, intercity, long-distance and high-speed rail, as well as locomotives, automated transportation solutions and leasing offerings. Its rail infrastructure products include automatic train control systems, interlockings, operations control and telematics systems, digital station solutions, railway communications, onboard and crossing signaling products, yard and depot solutions, AC and DC traction power supply, contact lines and network control. Mobility also provides maintenance and digital lifecycle services, turnkey consulting/planning/financing/construction/operations, and software for train planning, trip planning, mobile ticketing, Mobility-as-a-Service platforms, on-demand transportation, fleet management, analytics, and inventory and reservation management. Named technology platforms and R&D priorities include Railigent X for asset maintenance, the Distributed Smart Safe System, Signaling X for hardware-independent and cloud-compatible signaling, Mobility Software Suite X, automatic train operation for ETCS, safe AI for driverless trains, air-free braking systems and fully automated visual inspections; Mobility represented about 15.0% of Siemens’ total revenue in fiscal 2024.[10]+2

Through Siemens Healthineers, the broader group also offers medical technology products and services spanning MRI, CT, X-ray, molecular imaging and ultrasound systems, in-vitro diagnostics for laboratory and point-of-care testing, cancer-care technologies through Varian, and image-guided minimally invasive treatment systems for cardiology, interventional radiology and surgery, supported by clinical consulting, training and service offerings.[12] [4]+8

Geographic presence

Siemens is headquartered in Munich, Germany, and describes itself as active in nearly all countries of the world.[13][2] In fiscal 2024, Siemens reported revenue by customer location across three main regions: Europe, C.I.S., Africa and the Middle East generated €35.254 billion, the Americas €23.755 billion, and Asia and Australia €16.921 billion.[14] Within those regions, Germany contributed €11.298 billion of revenue, the U.S. €20.024 billion, and China €8.082 billion.[14]

The geographic pattern of order intake was similar in fiscal 2024: Europe, C.I.S., Africa and the Middle East accounted for €39.175 billion of orders, the Americas €27.837 billion, and Asia and Australia €17.044 billion, including €11.289 billion from Germany, €23.527 billion from the U.S., and €7.233 billion from China.[15] At the Siemens AG parent-company level, 74% of fiscal 2024 revenue came from Europe, C.I.S., Africa and the Middle East, 16% from Asia and Australia, and 10% from the Americas, while exports from Germany represented 56% of total revenue.[16] As of September 30, 2024, Siemens had around 327,000 employees worldwide, and the group averaged 72,476 employees in Germany during fiscal 2024.[13][17] [13]+5

Business segments

Siemens reports five official segments in its segment note: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS). Digital Industries covers automation products and systems for discrete and process industries, including control systems, sensors, PLM, EDA, Mendix, and lifecycle/data-driven services. Smart Infrastructure focuses on products, systems, software and services for electrification, renewable-energy transition, and smarter buildings and communities. Mobility combines Siemens’ rail passenger and freight transportation activities, including rolling stock, rail automation, electrification, digital/cloud solutions and related services. Siemens Healthineers develops, manufactures and sells diagnostic and therapeutic healthcare products and services. SFS is the financing arm, providing leasing, lending, working-capital, structured-finance, and equipment/project-finance solutions.[13]+5

Based on FY2024 revenue from continuing operations, Siemens Healthineers was the largest segment at about 29% of revenue, followed by Smart Infrastructure at about 28%, Digital Industries at about 24%, Mobility at about 15%, and SFS at about 1%. In euro terms, segment revenue was €22.4 billion for Siemens Healthineers, €21.4 billion for Smart Infrastructure, €18.5 billion for Digital Industries, €11.4 billion for Mobility, and €0.4 billion for SFS, against total Siemens revenue of €75.9 billion. Siemens also notes that SFS is managed differently from the industrial segments, with ROE after tax used as its main performance measure.[7][23] [13]+7

Company history

Siemens traces its origins to October 1847, when Werner von Siemens and Johann Georg Halske founded the telegraph construction company Telegraphen-Bauanstalt von Siemens & Halske in Berlin, built around Siemens’ pointer telegraph invention.[24] A major early milestone came in 1866, when Werner von Siemens discovered the dynamo-electric principle, helping move the business from telegraphy toward large-scale electrical engineering.[25] As the company broadened, it consolidated its power-engineering operations in Siemens-Schuckertwerke in 1903 and its medical-technology activities in Siemens-Reiniger-Werke in 1932.[26][27]

After World War II, Siemens rebuilt its business and shifted its headquarters functions from Berlin to Munich and Erlangen.[28] In 1966, Siemens & Halske, Siemens-Schuckertwerke and Siemens-Reiniger-Werke were merged into the modern Siemens AG.[29] In the later digitalization era, Siemens reshaped its portfolio through moves including the acquisition of Mentor Graphics in 2017, the stock market listing of Siemens Healthineers in 2018, and the spin-off and listing of Siemens Energy in 2020.[30]+2 [24]+8

Sources

• Siemens AG — Full financial report (2024 Y)
  22 citations

  [1][2][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23]
• Siemens AG — Press release (2024 Y)[3]
• assets.new.siemens.com[24]
• assets.new.siemens.com[25]
• siemens.com[26]
• www.siemens.com[27]
• www.siemens.com[28]
• siemens.com[29]
• press.siemens.com[30]
• www.siemens-healthineers.com[31]
• siemens-energy.com[32]