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== History ==<!-- Siemens and Halske historical links make here... --> === 1847 to 1901 === [[File:Wvs 1885.jpg|thumb|left|upright=0.75|[[Werner von Siemens]], co-founder of [[Siemens & Halske]]]] [[Siemens & Halske]] was founded by [[Werner von Siemens]] and [[Johann Georg Halske]] on 1 October 1847. Based on the [[telegraph]], their 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 12 October.<ref>{{cite web |url=https://new.siemens.com/global/en/company/about/history/news/the-year-is-1847.html |title=The year is 1847 – How it all began", Siemens Historical Institute |publisher=Siemens AG |access-date=27 October 2019 |archive-date=11 December 2020 |archive-url=https://web.archive.org/web/20201211154421/https://new.siemens.com/global/en/company/about/history/news/the-year-is-1847.html |url-status=dead }}</ref> 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, later [[Carl Wilhelm Siemens|Sir William Siemens]], started to represent the company in London. The [[Siemens Brothers|London agency]] became a branch office in 1858. 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 telegraph]] line stretching over 11,000 km from [[London]] to [[Kolkata|Calcutta]].<ref>{{cite web |url=https://new.siemens.com/global/en/company/about/history/news.html |title=Halfway around the world in 28 minutes – Indo-European Telegraph Line |website=Siemens Historical Institute |archive-url=https://web.archive.org/web/20080120233553/http://w4.siemens.de/archiv/en/laender/asien/indien.html |archive-date=20 January 2008|url-status=dead |access-date=12 January 2008}}</ref> [[File:First electric locomotive, built in 1879 by Werner von Siemens.jpg|thumb|upright=1.05|First [[electric locomotive]], built in 1879 by company founder Werner von Siemens]] In 1867, Werner von Siemens described a [[dynamo]] without permanent magnets.<ref>{{cite web |url=https://new.siemens.com/global/en/company/about/history/news/dynamo-machine.html |title=Electrification of the world – Werner von Siemens and the dynamoelectric principle |website=Siemens Historical Institute |language=en |access-date=5 June 2019 |archive-date=20 September 2020 |archive-url=https://web.archive.org/web/20200920023548/https://new.siemens.com/global/en/company/about/history/news/dynamo-machine.html |url-status=dead }}</ref> [[File:Siemens & Halske Omnibus 4x 4HP; max Speed 28 km-h (1899).jpg |thumb|upright=1.05| Siemens & Halske Omnibus 4x4HP; max. Speed 28 km/h (1899).]] A similar system was also independently invented by [[Ányos Jedlik]] and [[Charles Wheatstone]], but Siemens became the first company to build such devices. In 1881, a Siemens [[Alternating current|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 locomotive|electric trains]] and [[light bulbs]]. In 1885, Siemens sold one of its generators to [[George Westinghouse]], thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh, Pennsylvania. In 1887, Siemens opened its first office in Japan.<ref>Siemens website [http://www.siemens.com/history/en/news/1125_japan.htm 1 August 2012 – 125 Years Siemens in Japan (1887–2012)] {{webarchive |url=https://web.archive.org/web/20160305014307/http://www.siemens.com/history/en/news/1125_japan.htm |date=5 March 2016 }} Retrieved on 12 August 2013</ref> In 1890, the founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm. In 1892, Siemens was contracted to construct the [[Hobart, Tasmania|Hobart]] [[Trams in Hobart|electric tramway]] in [[Tasmania]], [[Australia]], as it increased its markets. The system opened in 1893 and became the first complete electric tram network in the Southern Hemisphere.<ref>{{cite web |title=A Brief History of the Hobart Electric Trams |url=http://www.hobartcity.com.au/tramway/history.htm |archive-url=https://web.archive.org/web/20031224052130/http://www.hobartcity.com.au/tramway/history.htm |url-status=dead |archive-date=24 December 2003 |publisher=Hobart City Council |access-date=13 June 2021}}</ref> === 1901 to 1933 === [[File:Bundesarchiv Bild 183-1985-0607-500, Ernst Udet in Flugzeug "Flamingo".jpg|thumb|left|upright=1.05|The company built airplanes during [[World War I]], for example, this Siemens airplane in 1926 for [[Ernst Udet]].]] Siemens & Halske (S & H) was incorporated in 1897 and then merged parts of its activities with Schuckert & Co., Nuremberg, in 1903 to become [[Siemens-Schuckert]]. In 1907, Siemens ([[Siemens & Halske]] and [[Siemens-Schuckert]]) had 34,324 employees and was the seventh-largest company in the German empire by number of employees.<ref>{{Cite journal |last=Fiedler |first=Martin |year=1999 |title=Die 100 größten Unternehmen in Deutschland – nach der Zahl ihrer Beschäftigten – 1907, 1938, 1973 und 1995 |journal=Zeitschrift für Unternehmensgeschichte |publisher=Verlag C.H. Beck |location=[[Munich]] |volume=1 |pages=32–66 |doi=10.1515/zug-1999-0104 |s2cid=165110552 |language=de}}</ref> (see [[List of German companies by employees in 1907]]) In 1919, S & H and two other companies jointly formed the [[Osram]] [[lightbulb]] company.<ref>{{cite web |url=https://new.siemens.com/global/en/company/about/history/news/siemens-and-osram.html |title=Shining bright – The interlinked history of Siemens and OSRAM |website=Siemens Historical Institute |language=en |access-date=5 June 2019 |archive-date=30 September 2020 |archive-url=https://web.archive.org/web/20200930061207/https://new.siemens.com/global/en/company/about/history/news/siemens-and-osram.html |url-status=dead }}</ref> [[File:OldSiemensposter.jpg|thumb|upright|right|British Siemens advertisement from the 1920s]] During the 1920s and 1930s, S & H started to manufacture [[radios]], [[television set]]s, and [[electron microscope]]s.<ref>{{cite book |author1=Rudenberg, H Gunther |author2=Rudenberg, Paul G |year=2010 |isbn=978-0-12-381017-5 |title=Advances in Imaging and Electron Physics |chapter=Chapter 6 – Origin and Background of the Invention of the Electron Microscope: Commentary and Expanded Notes on Memoir of Reinhold Rüdenberg |publisher=Elsevier |volume=160 |doi=10.1016/S1076-5670(10)60006-7}}</ref> In 1932, [[:de:Reiniger, Gebbert & Schall|Reiniger, Gebbert & Schall]] (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form the [[Siemens-Reiniger-Werke AG]] (SRW), the third of the so-called parent companies that merged in 1966 to form the present-day Siemens AG.<ref name="historysite">{{cite web |url=https://new.siemens.com/global/en/company/about/history/news/setting-the-course-of-the-future.html |title=Setting the Course for the Future – The Founding of Siemens AG |access-date=5 June 2019 |archive-date=25 October 2020 |archive-url=https://web.archive.org/web/20201025080305/https://new.siemens.com/global/en/company/about/history/news/setting-the-course-of-the-future.html |url-status=dead }}</ref> In the 1920s, Siemens constructed the [[Shannon hydroelectric scheme|Ardnacrusha]] Hydro Power station on the [[River Shannon]] in the then [[Irish Free State]], and it was a world first for its design. The company is remembered for its desire to raise the wages of its underpaid workers, only to be overruled by the [[Cumann na nGaedheal]] government.<ref>{{cite news |url=http://findarticles.com/p/articles/mi_qn4161/is_20020804/ai_n12846719 |title=Ardnacrusha – Dam hard job |date=4 August 2002 |work=[[Sunday Mirror]] |access-date=18 September 2010 |first=Andrew |last=Bushe |url-status=dead |archive-url=https://web.archive.org/web/20080221060803/http://findarticles.com/p/articles/mi_qn4161/is_20020804/ai_n12846719 |archive-date=21 February 2008}}</ref> ===1933 to 1945=== [[File:USHMM95273 -Siemens factory in KZ Bobrek.jpg|thumb|left|upright=1.05|Prisoners around 1944 working at a Siemens factory in KZ Bobrek, a subcamp of [[Auschwitz concentration camp]]<ref name="iechmnnjersulame"/>]] [[File:Bundesarchiv Bild 183-R97782, Berlin, Wahlwerbung der NSDAP in.jpg|right|upright=1.05|thumb|A Siemens truck being used as a [[Nazi]] [[public address]] vehicle in 1932]] Siemens (at the time: [[Siemens-Schuckert]]) exploited the forced labour of deported people in [[extermination camps]]. The company owned a plant in [[Auschwitz concentration camp]].<ref name="iechmnnjersulame">{{cite book |last1=Arendt |first1=Hannah |author-link=Hannah Arendt |title=Eichmann in Jerusalem. Ein Bericht von der Banalität des Bösen |date=1964 |location=München |oclc=3946148 |page=163}}</ref><ref>{{cite web |last1=Guilpin |first1=Anaïs |title=Le travail forcé dans les camps |url=http://www.histoire-image.org/site/oeuvre/analyse.php?i=1217 |website=L'Histoire par l'image |access-date=24 January 2015 |language=fr}}</ref> [[File:Plan du camp de Ravensbrück.jpg|upright|left|thumb|Siemens Factory and Ravensbrück concentration camp]] Siemens exploited the forced labour of women deported to the [[Ravensbrück concentration camp]]; a Siemens factory was located in front of the camp.<ref>[https://histoire-image.org/fr/etudes/travail-force Forced labor at Siemens Ravensbrück]</ref> During the final years of [[World War II]], numerous plants and factories in Berlin and other major cities were destroyed by Allied air raids. To prevent further losses, manufacturing was therefore moved to alternative places and regions not affected by the air war. The goal was to secure continued production of important war-related and everyday goods. According to records, Siemens was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in early 1945. In 1972, Siemens sued German satirist F.C. Delius for his satirical history of the company, ''Unsere Siemens-Welt'', and it was determined much of the book contained false claims although the trial itself publicized Siemens's history in Nazi Germany.<ref>[http://www.adl.org/braun/dim_13_2_forgetting_print.asp German Industry and the Third Reich: Fifty Years of Forgetting and Remembering] {{webarchive |url=https://web.archive.org/web/20121030133244/http://www.adl.org/braun/dim_13_2_forgetting_print.asp |date=30 October 2012 }}. Adl.org. Retrieved on 19 September 2013.</ref> The company supplied electrical parts to [[Nazi concentration camps]] and [[death camps]]. The factories had poor working conditions, where malnutrition and death were common. Also, the scholarship has shown that the camp factories were created, run, and supplied by the [[SS]], in conjunction with company officials, sometimes high-level officials.<ref>Anna Vavak: Siemens & Halske AG in the women's concentration camp at Ravensbrück</ref><ref>[https://www.rosalux.de/publikation/id/3266/siemens-halske-im-frauenkonzentrationslager-ravensbrueck RLS – Siemens & Halske im Frauenkonzentrationslager Ravensbrück] {{webarchive |url=https://web.archive.org/web/20160422045055/http://www.rosalux.de/publication/14103/siemens-amp-halske-im-frauenkonzentrationslager |date=22 April 2016 }}. Rosalux.de. Retrieved on 19 September 2013.</ref><ref>Bärbel Schindler-Saefkow – Jg. 1943, Dr. phil., Historikerin, Leiterin des Projekts »Gedenkbuch Ravensbrück".</ref><ref>Margarete Buber: 303f As prisoners of Stalin and Hitler, Frankf / Main, Berlin 1993</ref> ===1945 to 2001=== In the 1950s, and from their new base in [[Bavaria]], S&H started to manufacture [[computer]]s, [[semiconductor device]]s, [[washing machine]]s, and [[Artificial cardiac pacemaker|pacemakers]].{{citation needed|date=February 2016}} In 1966, [[Siemens & Halske]] (S&H, founded in 1847), [[Siemens-Schuckert]]werke (SSW, founded in 1903) and [[Siemens-Reiniger-Werke]] (SRW, founded in 1932) merged to form Siemens AG.<ref>{{cite web |url=https://new.siemens.com/global/en/company/about/history/news/setting-the-course-of-the-future.html |title=Setting the Course for the Future – The Founding of Siemens AG |website=Siemens Historical Institute |language=en |access-date=5 June 2019 |archive-date=25 October 2020 |archive-url=https://web.archive.org/web/20201025080305/https://new.siemens.com/global/en/company/about/history/news/setting-the-course-of-the-future.html |url-status=dead }}</ref> In 1969, Siemens formed Kraftwerk Union with [[AEG (German company)|AEG]] by pooling their nuclear power businesses.<ref name=WSJ110415>{{cite news |url=http://online.wsj.com/article/SB10001424052748704547804576260953845777640.html |title=Siemens Rethinks Nuclear Ambitions |date=15 April 2011 |author=Vanessa Fuhrmans |work=[[The Wall Street Journal]]}}</ref> [[File:Siemens-electron-microscope.jpg|thumb|upright=0.75|A 1973 Siemens [[electron microscope]] on display at the [[Musée des Arts et Métiers]] in Paris]] The company's first digital telephone exchange was produced in 1980, and in 1988, Siemens and [[General Electric Company|GEC]] acquired the UK defence and technology company [[Plessey]]. Plessey's holdings were split, and Siemens took over the [[avionics]], [[radar]] and traffic control businesses—as [[Siemens Plessey]].<ref>{{cite web |title=Funding Universe - History of Marconi plc |publisher=fundinguniverse.com |url=http://www.fundinguniverse.com/company-histories/marconi-plc-history/ |access-date=14 July 2012}}</ref> [[File:Siemens Logos 1899-1991.gif|thumb|Historical Siemens logos]] In 1977, [[Advanced Micro Devices]] (AMD) entered into a joint venture with Siemens, which wanted to enhance its technology expertise and enter the American market.<ref name="malerba">Malerba, Franco. [https://books.google.com/books?id=pC1oHOTnaLAC&pg=PA166 ''The Semiconductor Business: The Economics of Rapid Growth and Decline'']. University of Wisconsin Press, 1985. p. 166.</ref> Siemens purchased 20% of AMD's stock, giving the company an infusion of cash to increase its product lines.<ref name=malerba /><ref>Rodengen, pp. 59–60.</ref><ref>[https://books.google.com/books?id=liUrAAAAYAAJ&pg=PA53 ''Reindustrialization Or New Industrialization: Minutes of a Symposium, January 13, 1981, Part 3'']. National Academies, 1981. p. 53.</ref> The two companies also jointly established [[Advanced Micro Computers]] (AMC), located in Silicon Valley and in Germany, allowing AMD to enter the [[microcomputer]] development and manufacturing field,<ref name=malerba /><ref name="rodengen60">Rodengen, p. 60.</ref><ref>[http://californiafirm.us/advanced-micro-computers-inc.nhd7.california-company-profile.html ADVANCED MICRO COMPUTERS, INC.] {{webarchive|url=https://web.archive.org/web/20141104070612/http://californiafirm.us/advanced-micro-computers-inc.nhd7.california-company-profile.html |date=4 November 2014 }}. ''CaliforniaFirm.us''.</ref><ref>[http://www.californiacompanieslist.com/advanced-micro-computers-inc-cje0/ ADVANCED MICRO COMPUTERS, INC.] {{Webarchive|url=https://web.archive.org/web/20141104095752/http://www.californiacompanieslist.com/advanced-micro-computers-inc-cje0/ |date=4 November 2014 }}. ''CaliforniaCompaniesList.com''.</ref> in particular based on AMD's second-source [[Zilog]] [[Z8000]] microprocessors.<ref name=freiberger /><ref>[https://books.google.com/books?id=4W1VAAAAMAAJ&q=%22advanced+micro+computers%22+z8000+OR+zilog&dq=%22advanced+micro+computers%22+z8000+OR+zilog ''Mini-micro Systems'', Volume 15]. Cahners Publishing Company, 1982. p. 286.</ref> When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens's stake in the American division in 1979.<ref>Rodengen, p. 62.</ref><ref>"Siemens and Advanced Micro Devices Agree to Split Joint Venture". ''[[The Wall Street Journal]]''. 14 February 1979. p. 38.</ref> AMD closed Advanced Micro Computers in late 1981 after switching focus to manufacturing second-source Intel x86 microprocessors.<ref name="freiberger">Freiberger, Paul. [https://books.google.com/books?id=zC8EAAAAMBAJ&pg=PA28 "AMD sued for alleged misuse of subsidiary's secrets"]. ''[[InfoWorld]]''. 20 June 1983. p. 28.</ref><ref name="swaine">Swaine, Michael. [https://books.google.com/books?id=SD0EAAAAMBAJ&pg=PA78 "Eight Companies to produce the 8086 chip"]. ''[[InfoWorld]]''. 30 November 1981. p. 78.</ref><ref>Rodengen, p. 73.</ref> In 1985, Siemens bought [[Allis-Chalmers Manufacturing Company|Allis-Chalmers]]' interest in the partnership company [[Siemens-Allis]] (formed 1978) which supplied electrical control equipment. It was incorporated into Siemens's Energy and Automation division.<ref>{{cite web |url=http://www.accontroldirect.com/ |title=Allis-Chalmers & Siemens-Allis Electrical Control Parts |work=information about Siemens-Allis |publisher=Accontroldirect.com |access-date=19 August 2010 |archive-date=26 November 2010 |archive-url=https://web.archive.org/web/20101126213935/http://www.accontroldirect.com/ |url-status=usurped }}</ref> In 1987, Siemens reintegrated Kraftwerk Union, the unit overseeing nuclear power business.<ref name=WSJ110415/> In 1987, Siemens acquired Kongsberg Offshore from the Norwegian Government, selling it on to [[FMC Technologies]] in 1993.<ref>{{cite book|title=Petroleum Industry Transformations: Lessons from Norway and Beyond|date=Oct 2018 |publisher=Routledge|page=103}}</ref> In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing plants, from industry pioneer ARCO Solar, owned by oil firm [[ARCO]].<ref>{{Cite news |url=https://www.nytimes.com/1989/08/03/business/arco-to-sell-siemens-its-solar-energy-unit.html |title=ARCO to Sell Siemens Its Solar Energy Unit |last=Wald |first=Matthew L. |date=3 August 1989 |work=The New York Times|access-date=26 April 2019 |language=en-US |issn=0362-4331}}</ref> In 1991, Siemens acquired [[Nixdorf Computer]] and renamed it [[Siemens Nixdorf Informationssysteme]], in order to produce [[personal computer]]s.<ref name="WincorNixdorf">{{cite web |url=http://www.wincor-nixdorf.com/internet/com/Company/History/index.html |archive-url=https://web.archive.org/web/20070602134044/http://www.wincor-nixdorf.com/internet/com/Company/History/index.html |archive-date=2 June 2007 |title=History: The Best of Both Worlds |publisher=Wincor Nixdorf |access-date=10 October 2018}}</ref> In October 1991, Siemens acquired the Industrial Systems Division of [[Texas Instruments]], based in [[Johnson City, Tennessee]]. This division was organized as Siemens Industrial Automation,<ref>{{cite book |last1=Gálvez-Muñoz |first1=Lina |last2=Jones |first2=Geoffrey G |title=Foreign Multinationals in the United States |url=https://books.google.com/books?id=84tFnYRLaikC&pg=PA104 |access-date=10 October 2018 |date=26 July 2005 |publisher=Routledge |isbn=9781134532100 |page=104}}</ref> and was later absorbed by Siemens Energy and Automation, Inc. In 1992, Siemens bought out [[IBM]]'s half of [[ROLM]] (Siemens had bought into ROLM five years earlier), thus creating SiemensROLM Communications; eventually dropping ROLM from the name later in the 1990s.<ref>{{Cite news |url=https://www.nytimes.com/1988/12/14/business/ibm-to-sell-rolm-to-siemens.html |title=I.B.M. to Sell Rolm to Siemens |last=Markoff |first=John |date=14 December 1988 |work=[[The New York Times]] |access-date=10 October 2018 |language=en}}</ref> In 1993–1994, [[Siemens C651]] electric trains for Singapore's [[Mass Rapid Transit (Singapore)|Mass Rapid Transit (MRT) system]] were built in Austria.{{citation needed|date=September 2018}} In 1997, Siemens agreed to sell the defence arm of [[Siemens Plessey]] to [[British Aerospace]] (BAe) and a German aerospace company, [[DaimlerChrysler Aerospace]]. BAe and DASA acquired the British and German divisions of the operation respectively.<ref>{{cite web |url=http://production.investis.com/heritage/nonflash/lineage/systems/1988_siemens_plessey_electonic_s/ |year=1988 |title=Siemens Plessey Electronic Systems |url-status=dead |archive-url=https://web.archive.org/web/20130606011129/http://production.investis.com/heritage/nonflash/lineage/systems/1988_siemens_plessey_electonic_s/ |archive-date=6 June 2013}}</ref> In October 1997, [[Siemens Financial Services]] (SFS) was founded to act as a competence center for financing issues and as a manager of financial risks within Siemens. In 1998, Siemens acquired [[Westinghouse Electric Company|Westinghouse Power Generation]] for more than $1.5 billion from the [[CBS Corporation]] and moving Siemens from third to second in the world power generation market.<ref>{{cite news |author=<!--not stated--> |agency=Reuters |title=Siemens to Buy Power Unit From Westinghouse |url=https://www.latimes.com/archives/la-xpm-1997-nov-15-fi-53901-story.html |newspaper=LA Times |publisher=[[Los Angeles Times]]|access-date=2 April 2013 |date=15 November 1997}}</ref> In 1999, Siemens's semiconductor operations were spun off into a new company called [[Infineon Technologies]]. Its Electromechanical Components operations were converted into a legally independent company: Siemens Electromechanical Components GmbH & Co. KG, (which, later that year, was sold to [[Tyco International Ltd]] for approximately $1.1 billion.<ref>{{Citation|title=Siemens' Electromechanical Components Group to be sold to Tyco|url=http://www.dgap.de/dgap/News/?newsType=ADHOC&newsID=7740|date=28 September 1999|publisher=DGAP|access-date=19 February 2020|archive-date=20 October 2020|archive-url=https://web.archive.org/web/20201020120724/https://www.dgap.de/dgap/News/?newsType=ADHOC&newsID=7740|url-status=dead}}</ref> In the same year, Siemens Nixdorf Informationssysteme AG became part of [[Fujitsu Siemens Computers]], with its [[retail banking]] technology group becoming [[Wincor Nixdorf]].<ref name="WincorNixdorf" /> In 2000, Shared Medical Systems Corporation<ref>{{cite web |url=http://www.answers.com/topic/shared-medical-systems-corporation |title=Company History: Shared Medical Systems Corporation |author=Dave Mote |publisher=[[Answers.com]] }}</ref> was acquired by the Siemens's Medical Engineering Group,<ref>{{cite news |url=https://www.nytimes.com/2000/05/02/business/company-news-siemens-to-acquire-shared-medical-systems.html |title=Company News: Siemans to acquire Shared Medical Systems |date=2 May 2000 |work=[[The New York Times]] }}</ref> eventually becoming part of [[Siemens Medical Solutions]]. Also in 2000, Atecs-Mannesman was acquired by Siemens,<ref>{{cite web |url=http://geschichte.salzgitter-ag.com/en/history-of-the-divisions/business-unit-energy/history-of-mannesmann.html |title=Mannesmann Archive – brief history |date=2000 |publisher=Mannesmann-archiv.de |url-status=dead |archive-url=https://web.archive.org/web/20150123115944/http://geschichte.salzgitter-ag.com/en/history-of-the-divisions/business-unit-energy/history-of-mannesmann.html |archive-date=23 January 2015}}</ref> The sale was finalised in April 2001 with 50% of the shares acquired, acquisition, ''Mannesmann VDO AG'' merged into Siemens Automotive forming Siemens VDO Automotive AG, ''Atecs Mannesmann Dematic Systems'' merged into Siemens Production and Logistics forming Siemens Dematic AG, ''Mannesmann Demag Delaval'' merged into the Power Generation division of Siemens AG.<ref>{{cite web |url=http://www.siemens.com/investor/pool/en/investor_relations/downloadcenter/36902clean.pdf |title=Report to Securities and Exchange Commission, Washington, D.C. |date=27 August 2002 |publisher=Siemens.com }}</ref> Other parts of the company were acquired by [[Robert Bosch GmbH]] at the same time.<ref>{{cite web |url=http://www.highbeam.com/doc/1G1-63262128.html |archive-url=https://web.archive.org/web/20120119041952/http://www.highbeam.com/doc/1G1-63262128.html |url-status=dead |archive-date=19 January 2012 |title=Article: Bosch, Siemens to buy Atecs Mannesmann unit. (Brief Article) |author=Bruce Davis |date=1 June 2000 |work=European Rubber Journal Article |publisher=Highbeam.com}}</ref> Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens Energy & Automation, Inc.<ref>{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=289193 |title=Company Overview of Moore Products Co. |website=[[Bloomberg News]] |access-date=14 February 2018}}</ref> ===2001 to 2005=== [[File:ICE 3 Oberhaider-Wald-Tunnel.jpg|thumb|A [[Siemens Velaro]] high speed train in service on the [[Cologne–Frankfurt high-speed rail line]]]] In 2001, Chemtech Group of Brazil was incorporated into the Siemens Group;<ref>{{cite web |url=http://www.chemtech.com.br/lportal/web/guest/nossa_empresa |archive-url=https://web.archive.org/web/20080201162405/http://www.chemtech.com.br/lportal/web/guest/nossa_empresa |url-status=dead |archive-date=1 February 2008 |title=Chemtech: A Siemens' company |publisher=Chemtech.com}}</ref> it provides industrial process optimisation, consultancy and other engineering services.<ref>{{cite web |url=http://www.energy.siemens.com/us/en/industries-utilities/oil-gas/consulting/chemtech.htm |title=Chemtech – A Siemens Company |publisher=energy.siemens.com |url-status=dead |archive-url=https://web.archive.org/web/20140409213455/http://www.energy.siemens.com/us/en/industries-utilities/oil-gas/consulting/chemtech.htm |archive-date=9 April 2014}}</ref> Also in 2001, Siemens formed joint venture [[Framatome]] with [[Areva|Areva SA]] of France by merging much of the companies' nuclear businesses.<ref name=WSJ110415/> In 2002, Siemens sold some of its business activities to [[Kohlberg Kravis Roberts & Co.]] L.P. (KKR), with its metering business included in the sale package.<ref>{{cite web |url=http://www.elp.com/articles/2002/09/siemens-completes-sale-of-business-activities-to-private-equity-house-kkr.html |title=Siemens completes sale of business activities to private equity house KKR |date=26 September 2002 |access-date=27 July 2013 |archive-date=21 October 2020 |archive-url=https://web.archive.org/web/20201021165548/https://www.power-grid.com/2002/09/26/siemens-completes-sale-of-business-activities-to-private-equity-house-kkr/ |url-status=dead }}</ref> In 2002, Siemens abandoned the solar photovoltaic industry by selling its participation in a joint-venture company, established in 2001 with [[Royal Dutch Shell|Shell]] and [[E.ON]], to Shell.<ref>{{cite web |url=https://www.renewableenergyworld.com/articles/2002/04/shell-renewables-completes-acquisition-of-siemens-solar-6428.html |title=Shell Renewables Completes Acquisition of Siemens Solar |website=www.renewableenergyworld.com |date=29 April 2002 |access-date=26 April 2019 |archive-date=28 October 2020 |archive-url=https://web.archive.org/web/20201028211006/https://www.renewableenergyworld.com/2002/04/29/shell-renewables-completes-acquisition-of-siemens-solar-6428/ |url-status=dead }}</ref> In 2003, Siemens acquired the flow division of [[Danfoss]] and incorporated it into the Automation and Drives division.<ref>{{cite web |url=http://www.automation.siemens.com/w1/sfi-as-nordborg-acquisition-of-flow-division-of-danfoss-successful-15340.htm |title=Acquisition of Flow Division of Danfoss successful |date=6 September 2003 |publisher=Automation.siemens.com |archive-url=https://web.archive.org/web/20110728000808/http://www.automation.siemens.com/w1/sfi-as-nordborg-acquisition-of-flow-division-of-danfoss-successful-15340.htm |archive-date=28 July 2011 |url-status=dead}}</ref> Also in 2003 Siemens acquired IndX software (realtime data organisation and presentation).<ref>{{cite web |url=http://www.itworld.com/031202siemensindx |title=Siemens to buy IndX Software |date=2 December 2003 |publisher=ITworld.com |access-date=18 September 2010}}</ref><ref>{{cite web |url=https://finance.siemens.com/financialservices/venturecapital/Portfolio/Previous_Investments/Pages/Previous_Investments.aspx#IndX%20SOFTWARE%20CORPORATION |title=Siemens Venture Capital – Investments |work=IndX Software Corporation |publisher=Finance.siemens.com }}</ref> The same year in an unrelated development Siemens reopened its office in [[Kabul]].<ref>{{UN document |docid=S-PV-4943 |body=Security Council |meeting=4943 |page=7 |anchor=pg006-bk02 |date=15 April 2004 |time=undefined |accessdate=6 September 2007 }}</ref> Also in 2003 agreed to buy Alstom Industrial Turbines; a manufacturer of small, medium and industrial gas turbines for €1.1 billion.<ref>{{cite news |url=https://www.telegraph.co.uk/finance/2848464/Siemens-to-buy-Alstom-turbines.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/finance/2848464/Siemens-to-buy-Alstom-turbines.html |archive-date=11 January 2022 |url-access=subscription |url-status=live |title=Siemens to buy Alstom turbines |author=Malcolm Moore |date=7 April 2003 |publisher=Telegraph.co.uk |access-date=18 September 2010 |location=London}}{{cbignore}}</ref><ref>{{cite web |url=http://www.alstom.com/pr_corp_v2/2003/20477.EN.php?languageId=EN&dir=/pr_corp_v2/2003/&idRubriqueCourante=23132 |title=Alstom completes the sale of its medium gas turbines and industrial steam turbines businesses to Siemens |date=1 August 2003 |publisher=Alstom.com }}{{dead link|date=February 2019|bot=medic}}{{cbignore|bot=medic}}</ref> On 11 February 2003, Siemens planned to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as spring -summer and autumn-winter collections.<ref>{{cite web |url=http://www.scmp.com/article/405881/siemens-covets-style-over-substance |title=Siemens covets style over substance|date=11 February 2003 }}</ref> On 6 March 2003, the company opened an office in San Jose.<ref>{{cite web |url=http://connection.ebscohost.com/c/articles/9261279/siemens-vc-unit-opens-u-s-headquarters |archive-url=https://web.archive.org/web/20131101042146/http://connection.ebscohost.com/c/articles/9261279/siemens-vc-unit-opens-u-s-headquarters |url-status=dead |archive-date=2013-11-01 |title=Siemens Unit Opens Office in San Jose}}</ref> On 7 March 2003, the company announced that it planned to gain 10 per cent of the mainland China market for handsets.<ref>{{cite web |url=http://www.scmp.com/article/408382/siemens-targets-10pc-handsets |title=SIEMENS TARGETS 10pc OF HANDSETS|date=7 March 2003 }}</ref> On 18 March 2003, the company unveiled the latest in its series of Xelibri fashion phones.<ref>{{cite web |url=https://www.lexis.com/research/retrieve?_m=8dc459dfd49cb2ea7f1585d02aea62c7&docnum=42&_fmtstr=FULL&_startdoc=1&wchp=dGLzVzB-zSkAz&_md5=27adfb9df67dc2638416c88bbfb87e50 |archive-url=https://archive.today/20131030095931/https://www.lexis.com/research/retrieve?_m=8dc459dfd49cb2ea7f1585d02aea62c7&docnum=42&_fmtstr=FULL&_startdoc=1&wchp=dGLzVzB-zSkAz&_md5=27adfb9df67dc2638416c88bbfb87e50 |url-status=dead |archive-date=30 October 2013 |title=Siemens puts fashion way out in front}}</ref> In 2004, the wind energy company Bonus Energy in [[Brande]], Denmark was acquired,<ref>{{cite web |url=http://guidedtour.windpower.org/composite-324.htm |title=Siemens buys Bonus Energy |author=Eva Balslev |date=20 October 2004 |publisher=Guidedtour.windpower.org |url-status=dead |archive-url=https://web.archive.org/web/20110321064835/http://guidedtour.windpower.org/composite-324.htm |archive-date=21 March 2011}}</ref><ref>{{cite web |url=http://www.edubourse.com/finance/actualites.php?actu=16515 |title=Siemens to acquire Bonus Energy A/S in Denmark and enter wind energy business |date=20 October 2004 |publisher=Edubourse.com |access-date=18 September 2010 |archive-date=10 July 2011 |archive-url=https://web.archive.org/web/20110710171818/http://www.edubourse.com/finance/actualites.php?actu=16515 |url-status=dead }}</ref> forming [[Siemens Wind Power]] division.<ref>{{cite web |url=http://www.energy.siemens.com/hq/pool/hq/energy-topics/venture/Venture2.pdf |title=Siemens Venture magazine |date=May 2005 |page=5 |publisher=energy.siemens.com |access-date=19 August 2010 |archive-date=26 February 2011 |archive-url=https://web.archive.org/web/20110226103951/http://www.energy.siemens.com/hq/pool/hq/energy-topics/venture/Venture2.pdf |url-status=dead }}</ref> Also in 2004, Siemens invested in [[DASAN Networks|Dasan Networks]] (South Korea, broadband network equipment) acquiring ~40% of the shares,<ref>{{cite web |url=http://www.totaltele.com/view.aspx?ID=377131 |title=Siemens ICN to invest E100m in Korean unit Dasan |author=Michael Newlands |date=17 June 2004 |work=Total Telecom |publisher=Totaltele.com |access-date=19 August 2010 |archive-date=28 September 2011 |archive-url=https://web.archive.org/web/20110928122616/http://www.totaltele.com/view.aspx?ID=377131 |url-status=dead }}</ref> [[Nokia Siemens]] disinvested itself of the shares in 2008.<ref>{{Cite news |url=http://economictimes.indiatimes.com/articleshow/3415437.cms |title=Nokia Siemens Networks sells 56 pc stake in Dasan |date=28 August 2008 |agency=[[Reuters]] |publisher=Economictimes.indiatimes.com }} {{Dead link|date=May 2011|bot=RjwilmsiBot}}</ref> The same year Siemens acquired Photo-Scan (UK, [[CCTV]] systems),<ref>{{cite news |url=http://www.accessmylibrary.com/coms2/summary_0286-14639150_ITM |title=Siemens hits the UK market running with Photo-Scan takeover |date=1 November 2004 |publisher=CCTV Today }}</ref> US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from [[Veolia]]),<ref>{{cite news |url=http://www.accessmylibrary.com/coms2/summary_0286-21319562_ITM |title=Siemens acquires US Filter Corp (Siemens setzt auf Wasser und plant weitere Zukaufe) |date=13 May 2004 |work=Europe Intelligence Wire |publisher=Accessmylibrary.com |access-date=18 September 2010}}</ref> Huntsville Electronics Corporation (automobile electronics, acquired from [[Chrysler]]),<ref>{{cite web |url=http://www.emsnow.com/newsarchives/archivedetails.cfm?ID=4018 |archive-url=https://archive.today/20130102121735/http://www.emsnow.com/newsarchives/archivedetails.cfm?ID=4018 |url-status=dead |archive-date=2 January 2013 |title=Chrysler Group's Huntsville electronics ops to be acquired by Siemens VDO Automotive |date=10 February 2004 |publisher=Emsnow.com}}</ref> and Chantry Networks ([[WLAN]] equipment).<ref>{{cite web |url=http://news.techworld.com/mobile-wireless/2789/siemens-swallows-start-up-chantry/ |title=Siemens swallows start-up Chantry |author=John Cox |date=10 December 2004 |work=Network World Fusion Network World US |publisher=News.techworld.com |access-date=18 September 2010 |archive-date=18 July 2011 |archive-url=https://web.archive.org/web/20110718063224/http://news.techworld.com/mobile-wireless/2789/siemens-swallows-start-up-chantry/ |url-status=dead }}</ref> In 2005, Siemens sold the [[Siemens mobile]] manufacturing business to [[BenQ]], forming the [[BenQ-Siemens]] division. Also in 2005 Siemens acquired Flender Holding GmbH ([[Bocholt, Germany|Bocholt]], Germany, gears/industrial drives),<ref>{{cite web |url=http://www.flender.com/content_manager/page.php?ID=6026959&dbc=9bcf52d140b1851dc151087510875506 |title=Company History: Flender |publisher=Flender.com |url-status=dead |archive-url=https://web.archive.org/web/20120310182942/http://www.flender.com/content_manager/page.php?ID=6026959&dbc=9bcf52d140b1851dc151087510875506 |archive-date=10 March 2012}}</ref> Bewator AB (building security systems),<ref>{{cite web |url=http://www.buildingtechnologies.siemens.com/bt/uk/News_and_Events/Electronic_Security_Products/Documents/Name_change.pdf |title=Bewator: a bright future with a brand new name |date=April 2008 |publisher=buildingtechnologies.siemens.com |url-status=dead |archive-url=https://web.archive.org/web/20111007100556/http://www.buildingtechnologies.siemens.com/bt/uk/News_and_Events/Electronic_Security_Products/Documents/Name_change.pdf |archive-date=7 October 2011}}</ref> Wheelabrator Air Pollution Control, Inc. (Industrial and power station dust control systems),<ref>{{cite news |url=http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_5/ai_n15676372/ |title=Siemens Power Generation Acquires Pittsburgh-Based Wheelabrator Air Pollution Control, Inc.; Business Portfolio Expanded to Include Emission Prevention and Control Solutions |date=5 October 2005 |work=[[Business Wire]] |publisher=Findarticles.com |url-status=dead |archive-url=https://web.archive.org/web/20151016231139/http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_5/ai_n15676372/ |archive-date=16 October 2015}}</ref> AN Windenergie GmbH. (Wind energy),<ref>{{cite web |url=http://www.windmesse.de/presse/1989.html |title=Siemens uebernimmt AN Windenergie GmbH |date=3 November 2005 |publisher=Windmesse.de }}</ref> Power Technologies Inc. ([[Schenectady]], USA, energy industry software and training),<ref>{{cite news |url=http://www.accessmylibrary.com/article-1G1-126906008/german-conglomerate-siemens-buys.html |title=German conglomerate Siemens buys Schenectady, N.Y.-based energy software firm |date=11 January 2005 |work=Times Union (Albany, New York) |publisher=Accesssmylibrary.com |first=Dan |last=Higgins}}</ref> CTI Molecular Imaging ([[Positron emission tomography]] and [[molecular imaging]] systems),<ref>{{cite web |url=http://www.allbusiness.com/specialty-businesses/855501-1.html |title=Siemens buys CTI molecular imaging |date=15 May 2005 |work=Instrument Business Outlook |publisher=Allbusiness.com }}</ref><ref>{{cite web |url=http://www.thefreelibrary.com/Siemens+acquires+CTI+Molecular+Imaging.-a0209239134 |title=Siemens acquires CTI Molecular Imaging |publisher=Thefreelibrary.com }}</ref> Myrio ([[IPTV]] systems),{{citation needed|date=June 2021}} Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from [[Shaw Group]]),<ref>{{cite web |url=http://www.alacrastore.com/storecontent/Thomson_M&A/Siemens_Power_Transmission_acquires_Shaw_Power_Tech_Int_Ltd_from_Shaw_Group_Inc-1630172040 |title=Siemens Power Transmission acquires Shaw Power Tech Int Ltd from Shaw Group Inc |date=December 2004 |work=Thomson Financial Mergers & Acquisitions |publisher=Alacrastore.com }}</ref><ref>{{cite news |url=http://www.accessmylibrary.com/coms2/summary_0286-18980280_ITM |title=Siemens Power Transmission & Distribution has acquired the business activities of Shaw Power Technologies Inc. in the U.S. and Shaw Power Technologies Limited in the U.K. |date=1 January 2005 |work=Utility Automation & Engineering T&D |publisher=Alacrastore.com }}</ref> and Transmitton ([[Ashby de la Zouch]] UK, rail and other industry control and asset management).<ref>{{cite web |url=http://www.siemenstransportation.co.uk/press/PR_SiemensAcquiresTransmitton_15_09_05.pdf |title=Siemens acquires Transmitton |date=15 August 2005 |work=Press release |publisher=Siemenstransportation.co.uk |url-status=dead |archive-url=https://web.archive.org/web/20071108130316/http://www.siemenstransportation.co.uk/press/PR_SiemensAcquiresTransmitton_15_09_05.pdf |archive-date=8 November 2007}}</ref> === 2005 and continuing: worldwide bribery scandal === Beginning in 2005, Siemens became embroiled in a multi-national [[bribery]] scandal.<ref>{{Cite news |date=20 May 2007 |title=Bloomberg.com |url=https://www.bloomberg.com/apps/news?pid=20601100&sid=agxq4nZkE.lc |access-date=12 January 2008}}</ref> Among the various incidents was the [[Siemens Greek bribery scandal]], where the company was accused of deals with Greek government officials during the [[2004 Summer Olympics]]. This case, along with others, triggered legal investigations in Germany, initiated by prosecutors in Italy, Liechtenstein, and Switzerland, and later followed by an American investigation in 2006 due to the company's activities while listed on US stock exchanges.<ref name="NYThow">{{cite news |last1=Schubert |first1=Siri |last2=Miller |first2=T. Christian |date=20 December 2008 |title=At Siemens, Bribery Was Just a Line Item |work=The New York Times |url=https://www.nytimes.com/2008/12/21/business/worldbusiness/21siemens.html?mcubz=2}}</ref> Investigations found that Siemens had a pattern of bribing officials to secure contracts, with the company spending approximately $1.3 billion on bribes across several countries, and maintaining separate accounting records to conceal this. Following the investigations, Siemens settled in December 2008, paying a combined total of approximately $1.6 billion to the US and Germany in what was, at the time, the largest bribery fine in history.<ref name="NYThow" /> In addition, the company was required to invest $1 billion in developing and maintaining new internal compliance procedures. Siemens admitted to violating the accounting provisions of the [[Foreign Corrupt Practices Act]], while its Bangladesh and Venezuela subsidiaries pleaded guilty to paying bribes.<ref name="WaPo20082">{{cite news |last1=O'Reilly |first1=Cary |last2=Matussek |first2=Karin |date=16 December 2008 |title=Siemens to Pay $1.6 Billion to Settle Bribery Cases |newspaper=The Washington Post |url=https://www.washingtonpost.com/wp-dyn/content/article/2008/12/15/AR2008121502926.html}}</ref> Despite initial expectations of a fine as high as $5 billion, the final amount was significantly less, in part due to Siemens's cooperation with the investigators, the upcoming change in the US administration, and Siemens's role as a US [[Arms industry|military contractor]].<ref name="Guardian20082">{{cite news |last1=Gow |first1=David |date=15 December 2008 |title=Record US fine ends Siemens bribery scandal |work=The Guardian |url=https://www.theguardian.com/business/2008/dec/16/regulation-siemens-scandal-bribery}}</ref> The payments included $450 million in fines and penalties and a forfeiture of $350 million in profits in the US. Siemens also revamped its [[Regulatory compliance|compliance]] systems, appointing [[Peter Y. Solmssen]], a US lawyer, as an independent director in charge of compliance and accepting oversight from [[Theo Waigel]], a former German finance minister. Siemens implemented new [[anti-corruption]] policies, including a comprehensive anti-corruption handbook, online tools for due diligence and compliance, a confidential communications channel for employees, and a corporate disciplinary committee. This process involved hiring approximately 500 full-time compliance personnel worldwide.<ref>{{cite web |date=2 May 2013 |title=United States of America v. Siemens Aktiengesellschaft |url=https://www.justice.gov/sites/default/files/criminal-fraud/legacy/2013/05/02/12-12-08siemensvenez-sent.pdf |publisher=United States District Court for the District of Columbia}} {{PD-notice}}</ref> Siemens's bribery culture was not new; it was highlighted as far back as 1914 when both Siemens and Vickers were involved in a scandal over [[Siemens scandal|bribes paid to Japanese naval authorities]].<ref>{{cite book |last=Sims |first=Richard |title=Japanese Political History Since the Meiji Renovation 1868–2000 |publisher=Palgrave Macmillan |year=2001 |isbn=0-312-23915-7 |page=113}}</ref> The company resorted to bribery as it sought to expand its business in the developing world after World War II. Up until 1999, bribes were a [[Tax deduction|tax-deductible]] business expense in Germany, with no penalties for bribing foreign officials. However, with the implementation of the 1999 [[OECD Anti-Bribery Convention]], Siemens started using off-shore accounts to hide its bribery. During the investigation, key player Reinhard Siekaczek, a mid-level executive in the telecommunications unit, provided critical evidence. He disclosed that he had managed an annual global bribery budget of $40 to $50 million and provided information about the company's 2,700 worldwide contractors, who were typically used to channel money to government officials. Notable instances of bribery included substantial payments in Argentina, Israel, Venezuela, China, Nigeria, and Russia to secure large contracts.<ref name="NYThow" /> The investigation resulted in multiple prosecutions and settlements with various governments, as well as legal action against Siemens employees and those who received bribes. Noteworthy cases include the conviction of two former executives in 2007 for bribing Italian energy company [[Enel]], a settlement with the Greek government in 2012 for 330 million euros over the Greek bribery scandal, and a guilty plea in 2014 from former Siemens executive Andres Truppel for channeling nearly $100 million in bribes to Argentine government officials.<ref name="timesofisrael.com2">{{cite web |title=Ex-power company execs charged in massive Siemens bribery case |url=http://www.timesofisrael.com/ex-power-company-execs-charged-in-massive-siemens-bribery-case/ |access-date=26 August 2016 |website=[[The Times of Israel]]}}</ref> Siemens also faced repercussions from the [[World Bank]] due to fraudulent practices by its Russian affiliate. In 2009, Siemens agreed not to bid on World Bank projects for two years and to establish a $100 million fund at the World Bank to support anti-corruption activities over 15 years, known as the "Siemens Integrity Initiative." Other substantial fines include a payment of ₦7 billion (US${{To USD|7000|NGA|year=2010}} million) to the [[Federal government of Nigeria|Nigerian government]] in 2010, and a US$42.7 million penalty in Israel in 2014 to avoid charges of securities fraud. === 2006 to 2011 === In 2006, Siemens purchased Bayer Diagnostics which was incorporated into the Medical Solutions Diagnostics division on 1 January 2007,<ref>NBC. [https://www.nbcnews.com/id/wbna13619293 "Bayer Sells Diagnostics unit to Siemens"], ''NBC News'', 29 June 2006. Retrieved 12 May 2016.</ref> also in 2006 Siemens acquired Controlotron (New York) (ultrasonic flow meters),<ref>{{cite web |url=http://impeller.net/magazine/news_en/doc3511x.asp |title=Siemens Acquires Controlotron |publisher=Impeller.net |access-date=19 August 2010 |archive-date=27 November 2010 |archive-url=https://web.archive.org/web/20101127195016/http://impeller.net/magazine/news_en/doc3511x.asp |url-status=dead }}</ref><ref>{{cite web |url=http://www.sea.siemens.com/us/Products/Process-Instrumentation/Support/Pages/Controlotron-Clamp-on-Reference.aspx |title=Controlotron Company Reference |publisher=Sea.siemens.com |access-date=19 August 2010 |archive-date=16 July 2011 |archive-url=https://web.archive.org/web/20110716070510/http://www.sea.siemens.com/us/Products/Process-Instrumentation/Support/Pages/Controlotron-Clamp-on-Reference.aspx |url-status=dead }}</ref> and also in 2006 Siemens acquired Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control, and VistaScape Security Systems.<ref>{{cite web |url=http://www.buildingtechnologies.siemens.com/bt/us/Press/press_release/2006/Pages/2006SBTAcquiresVistascape.aspx |title=Siemens Building Technologies Acquires Vistascape Security Systems |archive-url=https://web.archive.org/web/20120404031655/http://www.buildingtechnologies.siemens.com/bt/us/Press/press_release/2006/Pages/2006SBTAcquiresVistascape.aspx |archive-date=4 April 2012 |url-status=dead }}</ref> In January 2007, Siemens was fined €396 million by the [[European Commission]] for [[price fixing]] in EU electricity markets through a [[cartel]] involving 11 companies, including [[ABB]], [[Alstom]], [[Fuji Electric]], [[Hitachi]], AE Power Systems, [[Mitsubishi Electric]], [[Schneider Electric|Schneider]], [[Areva]], [[Toshiba]] and [[VA Tech Wabag|VA Tech]].<ref name=fine>{{cite web |url=http://www.euractiv.com/en/energy/eu-cracks-electricity-gear-cartel/article-161169 |title=EU cracks down on electricity-gear cartel |date=25 January 2007 |publisher=[[EurActiv]] |access-date=7 February 2008 |archive-date=3 March 2016 |archive-url=https://web.archive.org/web/20160303204329/http://www.euractiv.com/en/energy/eu-cracks-electricity-gear-cartel/article-161169 |url-status=dead }}</ref> According to the commission, "between 1988 and 2004, the companies rigged bids for procurement contracts, fixed prices, allocated projects to each other, shared markets and exchanged commercially important and confidential information."<ref name=fine/> Siemens was given the highest fine of €396 million, more than half of the total, for its alleged leadership role in the activity. [[File:Wildorado Wind Ranch, Oldham County, TX IMG 4919.JPG|thumb|Siemens power generating wind turbine towers]] In March 2007, a Siemens board member was temporarily arrested and accused of illegally financing AUB, a business-friendly labour association which competes against the trade union [[IG Metall]]. He was released on bail. Offices of AUB and Siemens were searched. Siemens denied any wrongdoing.<ref name="ftcom">{{cite web |last=Milne |first=Richard |date=28 March 2007 |title=Board member arrested in new blow for Siemens |url=http://www.ft.com/cms/s/0/75295b46-dcc9-11db-a21d-000b5df10621.html |url-access=subscription |archive-url=https://web.archive.org/web/20071223142528/http://www.ft.com/cms/s/0/75295b46-dcc9-11db-a21d-000b5df10621.html |archive-date=23 December 2007 |website=[[Financial Times]]}}</ref><ref>{{Cite news |date=2007-03-28 |title=Corruption Scandal Deepens: Fresh Blow For Siemens as Senior Executive Arrested |language=en |work=[[Der Spiegel]] |url=https://www.spiegel.de/international/business/corruption-scandal-deepens-fresh-blow-for-siemens-as-senior-executive-arrested-a-474390.html |access-date=2023-06-03 |issn=2195-1349}}</ref> In April the Fixed Networks, Mobile Networks and Carrier Services divisions of Siemens merged with [[Nokia]]'s Network Business Group in a 50/50 joint venture, creating a fixed and mobile network company called [[Nokia Siemens Networks]]. Nokia delayed the merger<ref>[[Associated Press]] quoted by [[Forbes]]: [https://www.forbes.com/feeds/ap/2007/03/15/ap3519507.html ''Nokia-Siemens Venture to Start in April'']{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}}, 15 March 2007</ref> due to bribery investigations against Siemens.<ref name="iht0">[[International Herald Tribune]]: [http://www.iht.com/articles/2007/03/13/business/siemens.php ''Bribery trial deepens Siemens woes''] {{webarchive |url=https://web.archive.org/web/20081211130419/http://www.iht.com/articles/2007/03/13/business/siemens.php |date=11 December 2008 }}, 13 March 2007</ref> In October 2007, a court in Munich found that the company had bribed public officials in Libya, Russia, and Nigeria in return for the awarding of contracts; four former Nigerian Ministers of Communications were among those named as recipients of the payments. The company admitted to having paid the bribes and agreed to pay a fine of 201 million euros. In December 2007, the Nigerian government cancelled a contract with Siemens due to the bribery findings.<ref>{{Cite news |first=Ben |last=Agande |author2=Miebi Senge |title=Bribe: FG blacklists Siemens |url=http://www.vanguardngr.com/index.php?option=com_content&task=view&id=2621&Itemid=41 |work=Vanguard |publisher=Vanguard Media |date=5 December 2007 |access-date=7 December 2007}}</ref><ref>{{Cite news |first=Juliana |last=Taiwo |title=FG Blacklists Siemens, Cancels Contract |url=http://www.thisdayonline.com/nview.php?id=97185 |work=Thisday |publisher=Leaders & Company |date=6 December 2007 |access-date=7 December 2007 |archive-url=https://web.archive.org/web/20071208042202/http://www.thisdayonline.com/nview.php?id=97185 |archive-date=8 December 2007}}</ref> Also in 2007, Siemens acquired Vai Ingdesi Automation (Argentina, Industrial Automation), [[UGS Corp.]], Dade Behring, Sidelco ([[Quebec]], Canada), S/D Engineers Inc., and Gesellschaft für Systemforschung und Dienstleistungen im Gesundheitswesen mbH (GSD) (Germany).<ref>Merrill, Molly. [http://www.healthcareitnews.com/news/siemens-acquires-dade-behring-7b "Siemens acquires Dade Behring for $7B"] {{webarchive |url=https://web.archive.org/web/20160605142019/http://www.healthcareitnews.com/news/siemens-acquires-dade-behring-7b |date=5 June 2016 }}, Healthcare IT News, 25 July 2007. Retrieved 12 May 2016.</ref> In July 2008, Siemens AG formed a joint venture of the [[Siemens Enterprise Communications|Enterprise Communications]] business with [[the Gores Group]], renamed [[Unify GmbH & Co. KG|Unify]] in 2013. The Gores Group holding a majority interest of 51% stake, with Siemens AG holding a minority interest of 49%.<ref>{{cite news |url=http://uk.reuters.com/article/oilRpt/idUKL928141920080729 |archive-url=https://web.archive.org/web/20090111115438/http://uk.reuters.com/article/oilRpt/idUKL928141920080729 |url-status=dead |archive-date=11 January 2009 |title=Siemens to spin off SEN into JV with Gores Group |date=29 July 2008 |work=Reuters }}</ref> In August 2008, Siemens Project Ventures invested $15 million in the [[Arava Power Company]]. In a press release published that month, [[Peter Löscher]], president and CEO of Siemens AG said: "This investment is another consequential step in further strengthening our green and sustainable technologies". Siemens now holds a 40% stake in the company.<ref>{{Cite press release |title=Siemens invests $ 15 million in Israeli solar company Arava Power |publisher=Siemens AG |date=28 August 2009 |url=https://finance.siemens.com/financialservices/global/en/press/press_releases/Documents/Press_Release_Arava_Power_eng.pdf |access-date=27 June 2011}}</ref> In January 2009, Siemens sold its 34% stake in Framatome, complaining limited managerial influence. In March, it formed an alliance with [[Rosatom]] of Russia to engage in nuclear-power activities.<ref name=WSJ110415/> In April 2009, [[Fujitsu Siemens Computers]] became [[Fujitsu Technology Solutions]] as a result of Fujitsu buying out Siemens's share of the company. In June 2009 news broke that [[Nokia Siemens]] had supplied telecommunications equipment to the Iranian telecom company that included the ability to intercept and monitor telecommunications, a facility known as "[[lawful intercept]]". The equipment was believed to have been used in the suppression of the [[2009 Iranian election protests]], leading to criticism of the company, including by the [[European Parliament]]. Nokia Siemens later divested its call monitoring business, and reduced its activities in Iran.<ref>{{Cite news |url=http://news.bbc.co.uk/1/hi/technology/8112550.stm |work=BBC News |title=Hi-tech helps Iranian monitoring |date=22 June 2009 |access-date=7 April 2010 |first=Rory |last=Cellan-Jones}}</ref><ref>{{cite web |url=http://www.washingtontimes.com/news/2009/apr/13/europe39s-telecoms-aid-with-spy-tech/ |title=Fed contractor, cell phone maker sold spy system to Iran |author=Eli Lake |date=13 April 2009 |work=[[Washington Times]] }}</ref><ref>{{Cite news |url=http://online.wsj.com/article/SB124562668777335653.html#mod |work=The Wall Street Journal |title=Iran's Web Spying Aided By Western Technology |first1=Christopher |last1=Rhoads |first2=Loretta |last2=Chao |date=22 June 2009}}</ref><ref>{{citation |url=http://www.businessweek.com/globalbiz/content/jun2010/gb2010063_509207.htm |title=Nokia-Siemens Rues Iran Crackdown Role |date=3 June 2010 |work=www.businessweek.com |author=Valentina Pop |url-status=dead |archive-url=https://web.archive.org/web/20160305120714/http://www.businessweek.com/globalbiz/content/jun2010/gb2010063_509207.htm |archive-date=5 March 2016}}</ref><ref>{{citation |url=http://ca.reuters.com/article/technologyNews/idCATRE7BC2G020111213 |archive-url=https://web.archive.org/web/20120202131023/http://ca.reuters.com/article/technologyNews/idCATRE7BC2G020111213 |url-status=dead |archive-date=2 February 2012 |title=Nokia Siemens to ramp down Iran operations |date=13 December 2011 |author=Tarmo Virki |work=ca.reuters.com}}</ref><ref>{{citation |url=https://www.telegraph.co.uk/technology/news/7213538/Nokia-Siemens-instrumental-to-persecution-and-arrests-of-Iranian-dissidents-says-EU.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/technology/news/7213538/Nokia-Siemens-instrumental-to-persecution-and-arrests-of-Iranian-dissidents-says-EU.html |archive-date=11 January 2022 |url-access=subscription |url-status=live |title=Nokia Siemens "instrumental to persecution and arrests of Iranian dissidents", says EU |author=Matt Warman |date=11 February 2010 |work=www.telegraph.co.uk |location=London}}{{cbignore}}</ref> In October 2009, Siemens signed a $418 million contract to buy [[Solel|Solel Solar Systems]], an Israeli company in the solar thermal power business.<ref name="Siemens ERE200910.13e">{{cite press release |title=Siemens to decisively strengthen its position in the growth market solar thermal power.Reference number: Siemens ERE200910.13e |publisher=Siemens AG. Press Office Energy Sector – Renewable Energy Division |date=15 October 2009 |url=http://w1.siemens.com/press/pool/de/pressemitteilungen/2009/renewable_energy/ERE20091013e.pdf |archive-url=https://wayback.archive-it.org/all/20121104143053/http://w1.siemens.com/press/pool/de/pressemitteilungen/2009/renewable_energy/ERE20091013e.pdf |url-status=dead |archive-date=4 November 2012 }} Retrieved 4 May 2011.</ref> In December 2010, Siemens agreed to sell its IT Solutions and Services subsidiary for €850 million to [[Atos]]. As part of the deal, Siemens agreed to take a 15% stake in the enlarged Atos, to be held for a minimum of five years. In addition, Siemens concluded a seven-year outsourcing contract worth around €5.5 billion, under which Atos will provide managed services and systems integration to Siemens.<ref name="sudd">{{cite news |last1=Fromm |first1=Thomas |title=Trennung - zehn Jahre zu spät |url=https://www.sueddeutsche.de/wirtschaft/siemens-und-krauss-maffei-trennung-mit-zehn-jahren-verspaetung-1.1037746 |publisher=Süddeutsche Zeitung GmbH |date=17 December 2010 |language=de}}</ref> At the same time, Germany’s Wegmann Group acquired Siemens's 49-percent stake in armored vehicle manufacturer [[Krauss-Maffei Wegmann GmbH]], establishing Wegmann as the sole shareholder of KMW, pending approval by government authorities.<ref name="te">{{cite news |last1=Eshel |first1=Tamir |title=Siemens Depart from KMW |url=https://defense-update.com/20101227_siemens_kmw.html |date=27 December 2010 |publisher=Defense-Update}}</ref><ref name=sudd/> === 2011 to present === [[File:Roland Busch.jpg|thumb|[[Roland Busch]] has served as the company's CEO since 2021]] In March 2011, it was decided to list [[Osram]] on the stock market in the autumn, but CEO Peter Löscher said Siemens intended to retain a long-term interest in the company, which was already independent from the technological and managerial viewpoints. In September 2011, Siemens, which had been responsible for constructing all 17 of Germany's existing nuclear power plants, announced that it would exit the [[nuclear sector]] following the [[Fukushima Daiichi nuclear disaster|Fukushima disaster]] and the subsequent changes to German energy policy. Chief executive Peter Löscher has supported the German government's planned ''[[Energiewende]]'', its transition to renewable energy technologies, calling it a "project of the century" and saying Berlin's target of reaching 35% renewable energy sources by 2020 was feasible.<ref>{{cite news |url=https://www.bbc.co.uk/news/business-14963575 |work=BBC News |title=Siemens to quit nuclear industry |date=18 September 2011}}</ref> In November 2012, Siemens acquired the Rail division of [[Invensys]] for £1.7 billion. In the same month, Siemens acquired a [[privately held company]], LMS International NV.<ref>{{cite web |url=http://www.rttnews.com/2001055/siemens-to-acquire-lms-international-quick-facts.aspx |title=Siemens To Acquire LMS International – Quick Facts |date=8 November 2012 |access-date=31 July 2013}}</ref> In August 2013, Nokia acquired 100% of the company Nokia Siemens Networks, with a buy-out of Siemens AG, ending Siemens role in telecommunication.<ref>{{cite magazine |last=Ewing |first=Adam |url=http://www.businessweek.com/news/2013-06-30/nokia-said-to-agree-to-buy-siemens-stake-in-nsn-networks-venture |archive-url=https://web.archive.org/web/20130703024038/http://www.businessweek.com/news/2013-06-30/nokia-said-to-agree-to-buy-siemens-stake-in-nsn-networks-venture |url-status=dead |archive-date=3 July 2013 |title=Nokia Buys Out Siemens in Equipment Venture for $2.2 Billion (4) |magazine=Businessweek |date=1 July 2013 |access-date=5 August 2013}}</ref> In August 2013, Siemens won a $966.8 million order for power plant components from oil firm [[Saudi Aramco]], the largest bid it has ever received from the Saudi company.<ref>{{cite news |url=https://www.reuters.com/article/us-siemens-orders-saudi-idUSBRE97508X20130806 |title=Siemens wins $967 million order from Saudi Aramco |author=Maria Sheahan |work=Reuters |date=6 August 2013 |access-date=2 July 2017 |archive-date=18 July 2020 |archive-url=https://web.archive.org/web/20200718060931/https://www.reuters.com/article/us-siemens-orders-saudi/siemens-wins-967-million-order-from-saudi-aramco-idUSBRE97508X20130806 |url-status=live }}</ref> In 2014, Siemens announced plans to build a $264 million facility for making offshore wind turbines in Paull, England, as Britain's wind power rapidly expands. Siemens chose the Hull area on the east coast of England because it is close to other large offshore projects planned in coming years. The new plant is expected to begin producing turbine rotor blades in 2016. The plant and the associated service center, in [[Green Port Hull]] nearby, will employ about 1,000 workers. The facilities will serve the UK market, where the electricity that major power producers generate from wind grew by about 38 percent in 2013, representing about 6 percent of total electricity, according to government figures. There are also plans to increase Britain's wind-generating capacity at least threefold by 2020, to 14 gigawatts.<ref>{{cite news |url=https://www.nytimes.com/2014/03/26/business/international/siemens-to-invest-264-million-in-british-wind-turbine-project.html?_r=0 |title=Siemens to Invest $264 Million in British Wind Turbine Project |author=Stanley Reedmarch |date=25 March 2014 |work=[[The New York Times]]}}</ref> In May 2014, [[Rolls-Royce Holdings|Rolls-Royce]] agreed to sell its gas turbine and compressor energy business to Siemens for £1 billion.<ref>{{cite news |url=https://www.telegraph.co.uk/finance/newsbysector/energy/10812390/Rolls-Royce-sells-energy-arm-to-Siemens-in-1bn-deal.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/finance/newsbysector/energy/10812390/Rolls-Royce-sells-energy-arm-to-Siemens-in-1bn-deal.html |archive-date=11 January 2022 |url-access=subscription |url-status=live |title=Rolls-Royce sells energy arm to Siemens in £1bn deal |date=7 May 2014 |work=The Telegraph |location=London}}{{cbignore}}</ref> In June 2014, Siemens and [[Mitsubishi Heavy Industries]] announced their formation of joint ventures to bid for [[Alstom]]'s troubled energy and transportation businesses (in locomotives, steam turbines, and aircraft engines). A rival bid by [[General Electric]] (GE) has been criticized by French government sources, who consider Alstom's operations as a "vital national interest" at a moment when the French unemployment level stands above 10% and some voters are turning towards the far-right.<ref>[https://www.reuters.com/article/us-alstom-siemens-offer-idUSKBN0ER0MC20140616 Jens Hack and Natalie Huet, "Siemens and Mitsubishi challenge GE with Alstom offer", ''Reuters'' (16 June 2014).] {{webarchive |url=https://web.archive.org/web/20151016231140/https://www.reuters.com/article/2014/06/16/us-alstom-siemens-offer-idUSKBN0ER0MC20140616 |date=16 October 2015 }}</ref> In 2015, Siemens acquired U.S. oilfield equipment maker [[Dresser-Rand Group]] Inc for $7.6 billion.<ref name="Pulsinelli">{{cite news |last1=Pulsinelli |first1=Olivia |title=Dresser-Rand to close Houston facility, cut jobs |url=https://www.bizjournals.com/houston/morning_call/2015/12/dresser-rand-to-close-houston-facility-cut-jobs.html |access-date=6 December 2017 |work=Houston Business Journal |date=22 December 2015}}</ref><ref>{{cite news |url=https://in.reuters.com/article/dresserrand-m-a-siemens/siemens-in-agreed-7-6-billion-deal-to-buy-dresser-rand-idINKCN0HH0CN20140922 |archive-url=https://web.archive.org/web/20180322021416/https://in.reuters.com/article/dresserrand-m-a-siemens/siemens-in-agreed-7-6-billion-deal-to-buy-dresser-rand-idINKCN0HH0CN20140922 |url-status=dead |archive-date=22 March 2018 |title=Siemens in agreed $7.6 billion deal to buy Dresser-Rand |author=Ludwig Burger |work=[[Reuters]] |date=22 September 2014}}</ref> In November 2016, Siemens acquired [[Electronic design automation|EDA]] company [[Mentor Graphics]] for $4.5 billion.<ref>{{cite web |url=https://www.siemens.com/press/PR2016110082COEN |title=Siemens to expand its digital industrial leadership with acquisition of Mentor Graphics |website=www.siemens.com |language=en|access-date=14 November 2016}}</ref> In November 2017, the U.S. [[United States Department of Justice|Department of Justice]] charged three Chinese employees of Guangzhou Bo Yu Information Technology Company Limited with [[Chinese espionage in the United States|hacking]] into corporate entities, including Siemens AG.<ref>{{cite news |url=https://www.justice.gov/opa/pr/us-charges-three-chinese-hackers-who-work-internet-security-firm-hacking-three-corporations |title=U.S. Charges Three Chinese Hackers Who Work at Internet Security Firm for Hacking Three Corporations for Commercial Advantage |publisher=[[United States Department of Justice]] |author=Department of Justice, Office of Public Affairs |date=27 November 2017}}</ref> In December 2017, Siemens acquired the medical technology company [[Fast Track Diagnostics]] for an undisclosed amount.<ref>{{Cite news |url=https://www.reuters.com/article/us-siemens-healthineers-acquisition/siemens-buys-fast-track-diagnostics-to-boost-molecular-offering-idUSKBN1E91DA |title=Siemens buys Fast Track Diagnostics to boost molecular offering |date=15 December 2017 |work=Reuters|access-date=15 December 2017}}</ref> In August 2018, Siemens acquired [[rapid application development]] company [[Mendix]] for €0.6 billion in cash.<ref>{{cite web |url=https://www.siemens.com/press/en/pressrelease/2018/corporate/2018-q3/pr2018080264coen.htm?content[]=Corp |title=Siemens strengthens its digital enterprise leadership with acquisition of mendix |website=www.siemens.com}}</ref> In May 2018, Siemens acquired J2 Innovations for an undisclosed amount.<ref>{{Cite news|url=https://www.marketwatch.com/story/siemens-to-acquire-j2-innovations-2018-05-17|title=Siemens to acquire J2 Innovations|last=Allen|first=Nathan|website=MarketWatch|language=en-US|access-date=2020-04-28}}</ref><ref>{{Cite web|url=https://www.forbes.com/sites/alexandrawilson1/2018/06/26/siemens-doubles-down-on-smart-building-investment-acquiring-oakland-startup-comfy/|title=Siemens Doubles Down On Smart Building Investment, Acquiring Oakland Startup Comfy|last=Wilson|first=Alexandra|website=Forbes|language=en|access-date=2020-04-28}}</ref> In May 2018, Siemens acquired [[Enlighted]], Inc. for an undisclosed amount.<ref>{{Cite web|url=https://press.siemens.com/global/en/pressrelease/siemens-drives-digital-transformation-buildings-acquisition-enlighted|title=Siemens drives digital transformation in buildings with acquisition of Enlighted|language=en-US|access-date=2020-04-28}}</ref> In September 2019, Siemens and Orascom Construction signed an agreement with the Iraqi government to rebuild two power plants, which is believed to set up the company for future deals in the country.<ref>{{Cite news |url=https://www.reuters.com/article/us-iraq-power-siemens-idUSKBN1VZ0FB |title=Siemens, Orascom sign deal to rebuild Iraq power plant |date=14 September 2019 |work=Reuters|access-date=17 September 2019 |language=en}}</ref> In 2019–2020, Siemens was identified as a key engineering company supporting the controversial<ref>{{cite news |last1=Massola |first1=James |title=Big surge in opposition to Adani, new polling reveals |url=https://www.smh.com.au/politics/federal/big-surge-in-opposition-to-adani-new-polling-reveals-20180131-p4yz4o.html |website=The Sydney Morning Herald |access-date=12 February 2020}}</ref> [[Adani Australia|Adani]] [[Carmichael coal mine]] in [[Queensland (Australia)]].<ref>{{cite news |last1=Readfearn |first1=Graham |title=Adani coalmine: Siemens CEO has 'empathy' for environment but refuses to quit contract |url=https://www.theguardian.com/business/2020/jan/13/adani-coalmine-siemens-ceo-has-empathy-for-environment-but-will-honour-contract |website=The Guardian |access-date=12 February 2020}}</ref> In January 2020, Siemens signed an agreement to acquire 99% equity share capital of Indian switchgear manufacturer C&S Electric at €267 million (₹2,100 crore).<ref>{{Cite news|last=Prasad|first=Rachita|title=Siemens to acquire C&S Electric for Rs 2,100 crore|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/cons-products/electronics/siemens-inks-pact-to-acquire-99-pc-equity-in-cs-electric-for-rs-2100-crore/articleshow/73587537.cms|access-date=2021-02-27}}</ref> The takeover was approved by the [[Competition Commission of India]] in August 2020.<ref>{{Cite web|title=CCI approves Siemens' acquisition of C&S Electric|url=https://www.thehindubusinessline.com/companies/cci-approves-siemens-acquisition-of-cs-electric/article32404371.ece|access-date=2021-02-27|website=@businessline|date=20 August 2020 |language=en}}</ref> In April 2020, Siemens acquired a 77% majority stake in Indian building service provider iMetrex Technologies for an undisclosed sum.<ref>{{Cite web|date=2007-04-24|title=Siemens acquires iMetrex Technologies|url=https://www.hindustantimes.com/business/siemens-acquires-imetrex-technologies/story-kngEfFF7eck5yqEetrlpyI.html|access-date=2021-02-27|website=Hindustan Times|language=en}}</ref> In April 2020, [[Siemens Energy AG|Siemens Energy]] was created as an independent company out of the energy division of Siemens.<ref>{{Cite web|title=Siemens baut fokussierten Energieriesen und steigert Leistungsfäh ...|url=https://press.siemens.com/global/de/pressemitteilung/siemens-baut-fokussierten-energieriesen-und-steigert-leistungsfaehigkeit-weiter|access-date=2020-09-02|website=press.siemens.com|language=de}}</ref> In August 2020, Siemens Healthineers AG announced that it plans to acquire U.S. cancer device and software company [[Varian Medical Systems]] in an all-stock deal valued at $16.4 billion.<ref>{{Cite news|url=https://finance.yahoo.com/news/siemens-healthineers-snap-varian-medical-155449650.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHEsPvpIPObPLCNUOUSgfLq5c-C8UtGTzl4t6U4FK3KNIQUAQhQQJCH6tvfj-rHerFX01cAF9BnkzAWzE6veHzu1CGkpGD7M-tO3JCZC_azPsJfUhoXUJMJowjH3rGMEt-Sw3heEi9Ge9FeksfJpHB5b7m0AixnzcIYihstZ8JTD&_guc_consent_skip=1596452228s|title=Siemens Healthineers AG (SEMHF) announced on Sunday that it plans to acquire U.S. cancer device and software company Varian Medical Systems (VAR) in an all-stock deal valued at $16.4 billion.|date=2020-08-02|access-date=2020-08-03}}</ref> In February 2021, [[Roland Busch]] replaced [[Joe Kaeser]] as CEO.<ref>{{Cite news |date=2020-03-19 |title=Roland Busch ist neuer CEO von Siemens |url=https://www.diepresse.com/5787896/roland-busch-ist-neuer-ceo-von-siemens |access-date=2023-07-08 |work=[[Die Presse]] |language=de}}</ref> In October 2021, Siemens acquired the building IoT software and hardware company [[Wattsense]] for an undisclosed sum.<ref>{{Cite web|date=2021-10-06|title=Siemens Acquires Wattsense to Boost IoT Systems for Small and Medium Buildings|url=https://www.automation.com/en-us/articles/october-2021/siemens-wattsense-boost-iot-systems-buildings|website=Automation.com|language=en}}</ref> In May 2022, Siemens made the decision to cease its operations in Russia after 170 years and disassociate itself from any involvement with the Russian government due to the ongoing [[2022 Russian invasion of Ukraine|war of aggression against Ukraine]]. This decision affected the approximately 3,000 employees working for the company in the country. The announcement came with a financial statement in which Siemens disclosed a second-quarter loss of approximately US$625 million as a direct consequence of the [[International sanctions during the Russian invasion of Ukraine|imposed sanctions on Russia]].<ref>{{Cite news |date=2022-05-12 |title=Siemens, the German technology giant, leaves Russia after 170 years. |language=en-US |work=The New York Times |url=https://www.nytimes.com/2022/05/12/business/siemens-russia-sanctions.html |access-date=2023-07-14 |issn=0362-4331}}</ref> In July 2022, Siemens acquired ZONA Technology, an aerospace simulation firm.<ref>{{Cite web |last1=Innovates |first1=Dallas |last2=Cummings |first2=Kevin |date=2022-07-15 |title=Follow the Money: Fort Worth Biotech Raises $16M, VC Firm Raises $25M for Debut Fund, S2 Capital Surpasses Blackstone as Region's Most Active Multifamily Investor, and More |url=https://dallasinnovates.com/follow-the-money-fort-worth-biotech-raises-16m-vc-firm-raises-25m-for-debut-fund-s2-capital-surpasses-blackstone-as-regions-most-active-multifamily-investor/ |access-date=2022-07-20 |website=Dallas Innovates |language=en-US}}</ref> In October 2022, Siemens announced a strategic partnership with Swedish electric commercial vehicle manufacturer [[Volta Trucks]] to deliver and scale eMobility charging infrastructure to simplify the transition to fleet electrification.<ref>{{cite press release |author=<!--Not stated--> |title= Siemens and Volta Trucks partner to accelerate commercial fleet electrification |url= https://press.siemens.com/global/en/pressrelease/siemens-and-volta-trucks-partner-accelerate-commercial-fleet-electrification |location= Zug, Switzerland |publisher= Siemens AG 2022-10-13 |date= |access-date=2023-05-20}}</ref> In October 2022, Siemens became a target of the [[Boycott, Divestment and Sanctions]] movement due to its award of a contract for the [[EuroAsia Interconnector]],<ref>{{cite news |url=https://bdsmovement.net/news/phroc-open-letter-siemens-regarding-euroasia-interconnector |title=PHROC Open Letter to Siemens Regarding EuroAsia Interconnector |work=BDS Movement |date=5 October 2022 |publisher=BDS movement}}</ref><ref>{{cite web |url=https://euroasia-interconnector.com/preferredbidder/ |title=Selection of SIEMENS AG as the Preferred Bidder for the award of the contract of PCI 3.10 "EuroAsia Interconnector VSC HVDC Converters" |date=27 March 2020 |publisher=EuroAsia Interconnector}}</ref> which is planned to connect the electricity grids of Greece and Cyprus with both Israel and its [[illegal settlements in the West Bank]].<ref>{{cite news |url=https://euobserver.com/opinion/153357 |title=EU interconnector: Cyprus 'energy isolation' or Israeli gas? |publisher=EU Observer}}</ref> In June 2023, Siemens announced a global investment plan of €2 billion to expand its manufacturing capacity, including specific commitments of €200 million for a new high-tech plant in [[Singapore]] and €140 million to enlarge a facility in [[Chengdu]], China. The strategy aims to foster diversification across Asia, enhance growth in the Chinese market, and decrease dependency on a single country by utilizing Singapore as a primary export hub to Southeast Asia.<ref>{{Cite web |last1=Ruehl |first1=Mercedes |last2=Nilsson |first2=Patricia |title=Siemens unveils big investments in China and Singapore factories |url=https://www.ft.com/content/53d6729a-5a09-4fba-8281-3be6717ccbdd |date=2023-06-15 |website=[[Financial Times]]}}</ref> Simultaneously, Siemens will allocate €1 billion for the development of new facilities and factories in Germany, including €500 million for the expansion and modernization of a factory in [[Erlangen]], expected to enhance production capacity by 60% by 2029. This coincides with the German government's concerns about the economic and security risks associated with investing in China. Additional German investments will finance a new semiconductor factory in [[Forchheim]] and a training center for Siemens Healthineers in Erlangen.<ref>{{Cite news |last1=Hübner |first1=Alexander |last2=Revill |first2=John |date=2023-07-13 |title=Siemens to spend 1 billion euros in Germany as Berlin warns about China |language=en |work=Reuters |url=https://www.reuters.com/technology/siemens-spend-1-bln-euro-germany-berlin-warns-about-china-2023-07-13/ |access-date=2023-07-14}}</ref> In August 2023, it was announced Siemens had signed an agreement to acquire the [[Veldhoven]]-headquartered eBus, eTruck and passenger vehicle fast charging technology company, Heliox.<ref>{{Cite web |last=World |first=Automotive |date=2023-08-22 |title=Siemens to acquire Heliox, specialist in eBus and eTruck fast charging solutions |url=https://www.automotiveworld.com/news-releases/siemens-to-acquire-heliox-specialist-in-ebus-and-etruck-fast-charging-solutions/ |access-date=2023-08-23 |website=Automotive World |language=en-GB}}</ref> In March 2024, Siemens announced the creation of a new £100m digital engineering facility in [[Wiltshire]], UK, aimed at replacing its existing rail infrastructure factory in [[Chippenham]] with a new research and development centre, expected to open by 2026. The move is endorsed by [[Chancellor of the Exchequer|Chancellor]] [[Jeremy Hunt]] as "a big boost" for UK manufacturing.<ref>{{Cite news |date=2024-03-04 |title=Siemens to invest £100m on Chippenham research centre |url=https://www.bbc.com/news/uk-england-wiltshire-68465675 |access-date=2024-03-04 |work=BBC News |language=en-GB}}</ref> In March 2024, it was announced Siemens had agreed to acquire [[ebm-papst]]'s industrial drive technology (IDT) division for undisclosed amount.<ref>{{Cite web |last=Morling |first=Rachael |date=2024-03-21 |title=Siemens to acquire industrial drive technology business of ebm-papst |url=https://designsolutionsmag.co.uk/siemens-to-acquire-industrial-drive-technology-business-of-ebm-papst/ |access-date=2024-03-21 |website=Design Solutions |language=en-GB}}</ref>
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