Siemens (China) Co., Ltd., founded in Germany in 1847, is a Fortune 500 company, withdrew from the home appliance industry in 2014, and focuses on the world's leading technology companies in the fields of electrification, automation and digitalization
Founded in 1847, Siemens AG is a leading global technology company with a presence in more than 200 countries around the world, focusing on electrification, automation and digitalization. As one of the world's largest suppliers of energy-efficient and resource-saving technologies, Siemens is a leader in offshore wind turbine construction, combined cycle power generation turbines, power transmission solutions, infrastructure solutions, industrial automation, drive and software solutions, as well as medical imaging equipment and laboratory diagnostics.
Siemens' earliest operations in China can be traced back to 1872, when Siemens exported the first pointer telegraph to China and delivered China's first steam generator and the first tram on the eve of the 20th century. In 1985, Siemens signed a memorandum of cooperation with the Chinese government, becoming the first foreign company to carry out in-depth cooperation with China. For more than 140 years, Siemens has been supporting China's development with innovative technologies, excellent solutions and products, and has been unique in the industry with outstanding quality and reliable reliability, leading technological achievements and unremitting pursuit of innovation.
Siemens has witnessed the great changes brought about by China's reform and opening up, and at the same time, it has also conformed to the trend of the times and actively carried out its own reform and development. In fiscal year 2014 (October 1, 2013 – September 30, 2014), Siemens' total revenue in China reached 6.44 billion euros, achieving solid growth. With more than 32,000 employees, Siemens has established 77 operating enterprises* in China, making it one of the largest foreign-invested enterprises in China.
Siemens has developed into an integral part of Chinese society and economy, and is fully committed to cooperating with China with its portfolio of environmentally friendly businesses and innovative solutions for sustainable development. The company will have a better grasp of the market pulse, understand local information, and meet customer needs more quickly and efficiently.
Siemens Healthineers
Siemens is one of the world's largest providers of medical solutions and a leading manufacturer and service provider in the fields of medical imaging, laboratory diagnostics, medical information technology and hearing instruments. Siemens offers solutions that cover the entire supply chain – from prevention, early detection, and diagnosis to treatment and aftercare. By optimizing clinical image-critical clinical workflows, Siemens is committed to speeding up medical services, improving service quality, and reducing service costs. At the same time, Siemens is the market leader in innovative hearing devices.
Exit the home appliance industry
In September 2014, Siemens AG and Bosch Group reached an agreement: Robert Bosch AG will acquire 50% of the shares of Bosch and Siemens Home Appliances Group (BSH), a joint venture held by Siemens, and BSH will become a wholly-owned subsidiary of Bosch Group after the completion of the transaction, and Siemens will completely withdraw from the field of home appliances. The sale of the appliance business is one of the manifestations of Siemens' strategy focused on electrification, automation and digitalization.
