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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 25 26 27 28 1945 to 2001 edit in the 1950s and from its new base in bavaria s h started to manufacture computers semiconductor devices washing machines and pacemakers citation needed in 1966 siemens halske s h founded in 1847 siemens schuckertwerke ssw founded in 1903 and siemens reiniger werke srw founded in 1932 merged to form siemens ag 29 in 1969 siemens formed kraftwerk union with aeg by pooling their nuclear power businesses 30 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 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 31 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 32 siemens purchased 20 of amd s stock giving the company an infusion of cash to increase its product lines 32 33 34 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 32 35 36 37 in particular based on amd s second source zilog z8000 microprocessors 38 39 when the two companies vision for advanced micro computers diverged amd bought out siemens s stake in the american division in 1979 40 41 amd closed advanced micro computers in late 1981 after switching focus to manufacturing second source intel x86 microprocessors 38 42 43 in 1985 siemens bought 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 44 in 1987 siemens reintegrated kraftwerk union the unit overseeing nuclear power business 30 in 1987 siemens acquired kongsberg offshore from the norwegian government selling it on to fmc technologies in 1993 45 in 1989 siemens bought the solar photovoltaic business including 3 solar module manufacturing plants from industry pioneer arco solar owned by oil firm arco 46 in 1991 siemens acquired nixdorf computer and renamed it siemens nixdorf informationssysteme in order to produce personal computers 47 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 48 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 49 in 1993 1994 siemens c651 electric trains for singapore s mass rapid transit mrt system were built in austria citation needed 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 50 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 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 51 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 52 in the same year siemens nixdorf informationssysteme ag became part of fujitsu siemens computers with its retail banking technology group becoming wincor nixdorf 47 in 2000 shared medical systems corporation 53 was acquired by the siemens s medical engineering group 54 eventually becoming part of siemens medical solutions also in 2000 atecs mannesman was acquired by siemens 55 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 56 other parts of the company were acquired by robert bosch gmbh at the same time 57 also moore products co of spring house pa usa was acquired by siemens energy automation inc 58 2001 to 2005 edit 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 59 it provides industrial process optimisation consultancy and other engineering services 60 also in 2001 siemens formed joint venture framatome with areva sa of france by merging much of the companies nuclear businesses 30 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 61 in 2002 siemens abandoned the solar photovoltaic industry by selling its participation in a joint venture company established in 2001 with shell and e on to shell 62 in 2003 siemens acquired the flow division of danfoss and incorporated it into the automation and drives division 63 also in 2003 siemens acquired indx software realtime data organisation and presentation 64 65 the same year in an unrelated development siemens reopened its office in kabul 66 also in 2003 agreed to buy alstom industrial turbines a manufacturer of small medium and industrial gas turbines for 1 1 billion 67 68 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 69 on 6 march 2003 the company opened an office in san jose 70 on 7 march 2003 the company announced that it planned to gain 10 per cent of the mainland china market for handsets 71 on 18 march 2003 the company unveiled the latest in its series of xelibri fashion phones 72 in 2004 the wind energy company bonus energy in brande denmark was acquired 73 74 forming siemens wind power division 75 also in 2004 siemens invested in dasan networks south korea broadband network equipment acquiring 40 of the shares 76 nokia siemens disinvested itself of the shares in 2008 77 the same year siemens acquired photo scan uk cctv systems 78 us filter corporation water and waste water treatment technologies solutions acquired from veolia 79 huntsville electronics corporation automobile electronics acquired from chrysler 80 and chantry networks wlan equipment 81 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 gears industrial drives 82 bewator ab building security systems 83 wheelabrator air pollution control inc industrial and power station dust control systems 84 an windenergie gmbh wind energy 85 power technologies inc schenectady usa energy industry software and training 86 cti molecular imaging positron emission tomography and molecular imaging systems 87 88 myrio iptv systems 89 shaw power technologies international ltd uk usa electrical engineering consulting acquired from shaw group 90 91 and transmitton ashby de la zouch uk rail and other industry control and asset management 92 2005 and continuing worldwide bribery scandal edit beginning in 2005 siemens became embroiled in a multi national bribery scandal 93 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 94 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 94 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 95 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 military contractor 96 the payments included 450 million in fines and penalties and a forfeiture of 350 million in profits in the us siemens also revamped its 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 97 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 bribes paid to japanese naval authorities 98 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 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 94 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 99 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 46 57 million to the nigerian government in 2010 and a us 42 7 million penalty in israel in 2014 to avoid charges of securities fraud 2006 to 2011 edit in 2006 siemens purchased bayer diagnostics which was incorporated into the medical solutions diagnostics division on 1 january 2007 100 also in 2006 siemens acquired controlotron new york ultrasonic flow meters 101 102 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 103 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 areva toshiba and va tech 104 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 104 siemens was given the highest fine of 396 million more than half of the total for its alleged leadership role in the activity 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 105 106 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 107 due to bribery investigations against siemens 108 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 109 110 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 111 in july 2008 siemens ag formed a joint venture of the enterprise communications business with the gores group renamed unify in 2013 the gores group holding a majority interest of 51 stake with siemens ag holding a minority interest of 49 112 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 s...
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