Siemens

German multinational conglomerate company

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2024 Slight revenue decrease to €75.9 billion, but net income further increased to €9.0 billion, with employee count growing to 327,000
August 2024 Siemens Healthineers purchased the diagnostic arm of Advanced Accelerator Applications, specializing in radioactive chemicals for cancer scans, for more than $224 million.
June 2024 ICE 3neo began international service, replacing Class 406 units on routes to Belgium and The Netherlands.
May 2024 The first 'Velaro EGY' high-speed trainset underwent dynamic testing at the Wegberg-Wildenrath circuit in Germany, preparing for delivery later in the year.
May 2024 Siemens announced that Brightline selected them to produce ten seven-car trainsets for the Rancho Cucamonga–Las Vegas route (Brightline West), planned for completion in 2028.
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.
2023 Siemens invested €6.1 billion in research and development, with approximately 46,900 employees dedicated to R&D and holding around 43,600 patents worldwide.
2023 Reported a revenue of €77.7 billion, marking an 8% increase from the previous fiscal cycle.
2023 Siemens announced a partnership with Nvidia to leverage Nvidia's Omniverse platform with Siemens' 3D design capabilities.
2023 CEO Roland Busch announced the strategic aim to raise software businesses sales share to 20% in the long term.
December 2023 Siemens shares traded at over US$93 per share, with a market capitalization of US$147 billion. Identified by Ernst & Young as one of only two German companies in the top 100 most valuable companies worldwide.
October 2023 A new seating design for Deutsche Bahn's long-distance fleet debuted on a Class 408 train with line number 17.
June 2023 Siemens launched 'Siemens Xcelerator', an open digital platform housing IoT-enabled hardware, software, and digital services from Siemens and third parties, targeting businesses including small and medium-sized enterprises.
May 2023 Deutsche Bahn increased its Velaro MS order by 17 additional units, bringing the total order to 90 trains.
2022 Siemens Healthineers faced criticism for continuing to operate in Russia despite the country's invasion of Ukraine, diverging from its parent company Siemens AG's decision to withdraw from the Russian market.
2022 Revenue growth to €71.9 billion, though net income decreased to €3.7 billion, with employee count increasing to 311,000
December 2022 The first class 408 Velaro MS unit entered revenue service.
December 2022 The first Class 408 unit entered revenue service with Deutsche Bahn.
May 2022 Siemens decided to cease its operations in Russia after 170 years due to the war in Ukraine, affecting approximately 3,000 employees and resulting in a second-quarter loss of US$625 million.
May 2022 Egyptian National Railways ordered 41 Velaro eight-car sets as part of a railway development project.
February 2022 The first Velaro MS train was publicly presented by Deutsche Bahn.
2021 Gradual recovery with revenue increasing to €62.2 billion and net income rising to €6.1 billion, with workforce stabilizing at 295,000 employees
2021 Siemens Healthineers acquired Varian Medical Systems, an American company specializing in cancer care technologies.
2021 The last Velaro TR train (code HT80118) arrived in Turkey, completing the contracted train set delivery.
December 2021 The first Velaro MS train (ICE 3neo, DB Class 408) was completed.
February 2021 Roland Busch replaced Joe Kaeser as CEO of Siemens.
2020 Significant impact from global events, with revenue dropping to €57.1 billion, net income reducing to €4.0 billion, and workforce shrinking to 293,000 employees
2020 Siemens Energy is spun off from the main corporation.
August 2020 Siemens Healthineers announced the acquisition of Varian Medical Systems for $16.4 billion (€13.9 billion), marking a return to radiation therapy. Varian will continue to operate independently with its 10,000 employees.
2019 Siemens Healthineers acquired Corindus, a vascular robotics start-up, for $1.1 billion (€980 million).
2019 Company's revenue increased to €86.8 billion, with a slight decrease in net income to €5.1 billion and workforce growth to 385,000 employees
2019 Siemens sold its stake in Primetals Technologies to Mitsubishi Heavy Industries.
2019 The European Commission blocked a proposed merger between Alstom and Siemens Mobility, preventing the creation of a 'European champion' that would have competed with China's CRRC in the rail transportation market.
2019 Deutsche Bahn requested trains capable of high-speed operation, leading Siemens to offer the Velaro MS (an evolution of the Velaro D) with multi-system capability.
2019 Initial order for Velaro MS (DB Class 408) placed by Deutsche Bahn, with service entry in 2022
2019 Began working with Violet Defense to expand technological capabilities in smart building solutions.
2018 Siemens reported a revenue of €83.0 billion with a net income of €5.8 billion and employed 379,000 people
2018 Made multiple significant acquisitions, including Comfy in Oakland, J2 Innovations, and Enlightened smart-building companies.
September 2018 Siemens Building Technologies reported having 28,069 employees worldwide as of September 2018.
June 2018 Siemens announced the Velaro Novo, a next-generation high-speed train concept featuring lightweight construction and reduced aerodynamic drag.
April 2018 A prototype car of the Velaro Novo began running as part of a Deutsche Bahn ICE-S test train.
March 16 2018 Siemens Healthineers completed its initial public offering (IPO), selling a 15% stake at an initial share price of €28.00 on the Frankfurt Stock Exchange.
March 1 2018 Saint Petersburg to Nizhny Novgorod train service was resumed after the temporary discontinuation.
2017 Siemens Healthineers is spun off as an independent entity.
November 2017 Siemens Healthineers announced its intention to become publicly listed on the Frankfurt Stock Exchange.
October 2017 Opened the Siemens Building Technologies CPS Software House in Chicago, a $20 million R&D facility.
April 2017 Siemens Healthineers expanded into radiological information systems through the acquisition of Medicalis Corporation.
May 2016 Siemens AG rebranded its Siemens Healthcare division to Siemens Healthineers, with CEO Bernd Montag introducing the name through a controversial dance routine at the division's headquarters in Erlangen.
May 2016 Siemens Healthineers expanded its molecular diagnostics portfolio by acquiring NEO New Oncology AG.
February 17 2016 The second Velaro train for TCDD, the first Velaro TR type (code HT80101), arrived in Ankara. This train was later involved in an accident.

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