|Exchange:||New York Stock Exchange|
|Siemens AG is incorporated under the Federal laws of Germany, in 1966. It is a Germany-based Company which is engaged in electronics and electrical engineering. The Company’s operations are focused on three sectors. These Sectors are Industry, Energy and Healthcare. The Industry Sector’s portfolio ranges from industry automation and drives products and services to building, lighting and mobility solutions and services as well as system integration and solutions for plant business. The Energy Sector offers a spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. The Sector consists of six divisions: Fossil Power Generation, Renewable Energy, Oil and Gas, Energy Service, Power Transmission and Power Distribution. The Healthcare Sector develops, manufactures and markets diagnostic and therapeutic systems, devices and consumables, as well as information technology systems for clinical and administrative purposes. Besides these activities, Siemens IT Solutions and Services as well as Siemens Financial Services (SFS) support Sector activities as business partners (Cross-Sector Businesses) while continuing to build up its own business with external customers. As a globally operating organization, it also conducts business with customers in Iran, Syria and Cuba. The Company’s financial reporting comprises of six reportable segments. In general, the segment Equity Investments comprises equity stakes held by Siemens that are accounted for by the equity method, at cost or as current available-for-sale financial assets. These segments consist of: three Sectors, Industry, Energy and Healthcare, which are reported along with fourteen Divisions which comprise the Divisions, Industry Automation, Drive Technologies, Building Technologies, OSRAM, Industry Solutions and Mobility, belonging to the Industry Sector, the Divisions, Fossil Power Generation, Renewable Energy, Oil & Gas, Power Transmission and Power Distribution, belonging to the Energy Sector and the Divisions, Imaging & IT, Workflow & Solutions and Diagnostics, belonging to the Healthcare Sector, Equity Investments and two Cross-Sector Businesses, Siemens IT Solutions and Services and Siemens Financial Services. Siemens IT Solutions and Services designs, builds and operates both discrete and large-scale information and communications systems. Siemens Financial Services (SFS) provides a variety of financial services and products both to third parties and to other Siemens entities and its customers. The main competitors include: ABB, Schneider Electric, Rockwell and Emerson Electric, Dassault Systemes, PTC, ABB, Emerson and Mitsubishi Electric, Fanuc, SEW and Baldor, Tyco, Honeywell, Johnson Controls, UTC, Bosch, Schneider Electric. International competitors include ABB, General Electric, SMS, Danieli and Veolia. Siemens is subject to national and local environmental and health and safety laws and regulations that affect its operations, facilities, products and, in particular, its former nuclear power generation business.|
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