Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 134,776 pages of information and 213,825 images on early companies, their products and the people who designed and built them.

Siemens AG

From Graces Guide

Jump to: navigation, search

1966 Siemens AG was formed, bringing together Siemens and Halske AG, Siemens Schukertwerke and Siemens-Reiniger-Werke, to respond to changes in technology and in the global markets for electrical technology.

A number of company units were managed as independent legal units, including

1967 Formed Bosch-Siemens Hausgeräte GmbH

1969 Set up Kraftwerk Union AG as a subsidiary of Siemens and AEG to pool the two companies’ power plant construction activities.

1969 The company adopted the contemporary approach of dividing itself into sectors and decentralizing, in order to react faster and more flexibly to the wishes and requirements of customers or the market, Siemens’ main business units were consolidated into six largely independent operating Groups:

  • Components
  • Data Systems
  • Power Engineering
  • Electrical Installations
  • Medical Engineering
  • Telecommunications

as well as five central departments to ensure consistency of company and business policy.

1977 Siemens took over Kraftwerk Union completely.

1988 GEC and Siemens AG set up a jointly held company, GEC Siemens plc, to launch a hostile takeover of Plessey.

1989 GEC Siemens announced a new bid for Plessey. The takeover was completed in September 1989.

See Also

Loading...

Sources of Information

  • [1] Siemens history